SEOUL, Jul. 11 (Korea Bizwire) — South Korea ranked second among emerging economies in the amount of stocks purchased by foreign investors during the first six months this year, market data showed Tuesday. Foreigners net bought US$9 billion worth of South Korean stocks during the January-June period, the second largest only after Taiwan’s $9.4 billion, [...]
SEOUL, Jul. 11 (Korea Bizwire) — The market value of Samsung Group, South Korea’s No. 1 business conglomerate, rose by 96 trillion won (US$83.5 billion) in the past six months helped by the strong performance of Samsung Electronics Co., industry data showed Tuesday. The market cap of 16 firms affiliated with the business group surged [...]
SEOUL, Jul. 6 (Korea Bizwire) — South Korea’s retail investors are generally staying away from the local bourses, industry data showed Thursday, as foreigners and institutions pushed up stocks to record highs in recent months backed by improving corporate earnings and resilient exports. The KOSPI main bourse has risen 18 percent in the first six [...]
SEOUL, Jul. 3 (Korea Bizwire) — Amid growing preference for emerging markets among global investors, the sales of South Korean equity funds more than quadrupled during the first half of 2017, an industry report said. According to an industry report released on Monday by Mirae Asset Daewoo Securities and EPFR Global, the volume of South [...]
SEOUL, June 29 (Korea Bizwire) – Electronics and semiconductors have led the latest stock market boom in Asia’s fourth-biggest economy, data showed Thursday, amid expectations of solid corporate earnings helped by the global economic recovery. Stock prices of Samsung Electronics, SK hynix, and other electronics and semiconductor manufacturers rose 37.32 percent as of Tuesday from the [...]
SEOUL, May 31 (Korea Bizwire) – South Korean stocks closed higher on Wednesday to snap a two-day losing streak as institutional buyers scooped up medical and telecoms shares offsetting a massive selling spree by foreigners following overnight Wall Street losses, analysts said. The Korean won rose against the U.S. dollar. The benchmark Korea Composite Stock [...]
SEOUL, May 30 (Korea Bizwire) – South Korean stocks ended slightly lower Tuesday as foreign investors and institutions offloaded large-cap stocks in an apparent move to lock in profits. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) shed 9.29 points, or 0.39 percent, to 2,343.68. Bae Sung-young, [...]
SEOUL, May 29 (Korea Bizwire) – The size of funds that invest in real estate and nontraditional assets has topped the 100 trillion-won (US$89 billion) mark as investors poured money into alternative vehicles seeking stable returns, industry data showed Sunday. According to the data compiled by the Korea Financial Investment Association (KOFIA), real estate funds and special asset funds with exposure to commodities, weather, artworks [...]
SEOUL, May 28 (Korea Bizwire) – South Korean companies’ earnings for the year are forecast to be higher than earlier expected on the back of improving conditions, industry data showed Sunday. According to the data compiled by industry tracker FnGuide, the combined earnings of listed firms here are estimated at 143.59 trillion won (US$128 billion) [...]
SEOUL, May 22 (Korea Bizwire) – South Korean shares breached the 2,300-point mark for the first time ever as foreign investors scooped up major tech stocks amid sound corporate earnings, bucking overnight gains on Wall Street, analysts said. The Korean won sharply rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) [...]