SEOUL, July 21 (Korea Bizwire) – Offshore investors have been on a buying streak for South Korean stocks, sending their market cap ratio in the main local bourse to a 14-month high, the Korea Exchange said Thursday, but analysts were divided on whether the rally will continue. Shares held by foreign investors as of Tuesday [...]
SEOUL, June 24 (Korea Bizwire) – South Korea on Friday said it will use all means to stabilize the local financial market following the unexpected result of the historic British referendum to leave the European Union. As the world’s fifth-largest economy got ready to leave the 28-member economic bloc, South Korea’s financial market suffered a [...]
SEOUL, May 17 (Korea Bizwire) – Shares in Samsung C&T Corp. have been on a downward curve since September when a merger of two major Samsung Group affiliates generated the construction-to-fashion holding company for Samsung Group, analysts said Tuesday. They attributed the fall largely to the company’s drop in overseas orders and sluggish domestic demand for [...]
SEOUL, May 11 (Korea Bizwire) – A rising number of Korean companies are voluntarily delisting. The simple logic: there’s more harm than good for companies that remain public. According to the Korea Exchange (KRX), Kyungnam Energy will go through liquidation proceedings and be delisted on May 19. The company’s biggest shareholder, Kyungnam Tech, requested the voluntary [...]
SEOUL, Jan. 7 (Korea Bizwire) – The South Korean economy, which has been struggling with exports and flaccid domestic demand over the past year, is facing a triple whammy of weakening growth in China, geopolitical uncertainties surrounding North Korea and stubbornly weak international crude prices, watchers said Thursday. South Korea’s economy, which was rocked by [...]
SEJONG, Jan. 5 (Korea Bizwire) -South Korea downplayed the impact of China’s stock market crash on its domestic financial market on Tuesday, saying the market will regain stability again. Chinese stock tumbled nearly 7 percent Monday on the year’s first trading session due to concerns over its manufacturing sector, rattling South Korean and other financial [...]
SEOUL, Sept. 18 (Korea Bizwire) — LIG Nex1, a defense unit of South Korean conglomerate LIG Group, said Friday it will go public on the Seoul bourse in October in what will be the first market debut by a local defense company. The initial public offering (IPO) of 6.9 million shares is expected to raise [...]
“Recent external factors, including a sharp fall in the Chinese stock market, Chinese yuan devaluation and a possible U.S. rate hike, dragged down the South Korean market. As the external shocks will continue to weigh on South Korea for a while, we have to make all-out efforts to alleviate the volatility of the local capital [...]
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 [...]