SEOUL, Aug. 6 (Korea Bizwire) – With the KOSPI stalling due to a series of poor earnings reports, short selling hit a record during July, hinting that investors have a negative outlook on the future of the Korean economy. According to the Korea Exchange on July 5, the average daily value of short selling in the KOSPI was [...]
SEOUL, July 1 (Korea Bizwire) – Foreign ownership of South Korean stocks has fallen below the 30-percent level for the first time in nearly four years as market heavyweights preferred by offshore investors underperformed small-caps this year, the nation’s bourse operator said Wednesday. The value of local stocks held by foreign investors was estimated at [...]
SEOUL, May 28 (Korea Bizwire) – Affected by the low yen, Hyundai Motor, the largest automaker in Korea, lost its No. 2 position in the KOSPI market in terms of market capitalization to SK Hynix. On May 27, shares of the top automaker fell 1.88 percent to 157,000 won from a day earlier, shrinking its market [...]
SEOUL, May 20 (Korea Bizwire) — South Korea’s securities transaction tax revenue will likely shoot up in 2015 from a year earlier as the recent stock market rally has led to explosive growth in trading volume, industry data showed Wednesday. According to the data, the government is expected to collect some 4 trillion won (US$3.67 [...]
SEOUL, April 28 (Korea Bizwire) – South Korea’s top central bank said Tuesday the country’s economic recovery is gaining momentum despite external risks but stressed that structural reform is necessary for long-term growth. Bank of Korea (BOK) data released last week showed that the country’s gross domestic product (GDP) grew 0.8 percent on-quarter in the first three [...]
“The Ministry of Trade, Industry and Energy said on January 1 this year there will be additional job creation effects of 14,000 more jobs as well as foreign investment of more than 2.3 trillion won. For 11 months since the law’s revision, however, there has been almost no new foreign investment.” “The number of new [...]
SEOUL, Sep. 26 (Korea Bizwire) — The market value of Samsung Electronics and Hyundai Motors has decreased to their lowest levels in three years. According to the Korea Exchange on September 24, the combined market capitalization of both companies amounted to 17.6 percent of the total stock market in Korea, the lowest since 2011. The value of Samsung [...]
SEOUL, Sept. 2 (Korea Bizwire) – The total volume of margin trading in the Kosdaq market is drawing near to that of the KOSPI market, as more investors focus on gaining in the market. According to the Korea Financial Investment Association (KOFIA), as of August 28, the balance of margin trade in the Kosdaq market reached 2.52 trillion won [...]
SEOUL, Aug. 21 (Korea Bizwire) – As the number of overseas subsidiaries to Korea-based companies rises, the financial authorities are strengthening their supervision on these companies’ accounting practices. According to the Financial Supervisory Service on August 20, of the 1,594 publicly traded companies that close their books in December as much as 76.2 percent (1,214 firms) [...]
SEOUL, July 24 (Korea Bizwire) – As the stock market is showing signs of long-awaited recovery, the credit loan balance is rapidly on the rise. This is more so in the KOSDAQ market. According to the Korea Financial Investment Association on July 23, the balance of loans taken out for the purpose of stock investment was 5,023.5 billion won [...]