SEOUL, July 3 (Korea Bizwire) — Police have raided the Korea Exchange (KRX), South Korea’s stock market operator, as part of an investigation into allegations of irregularity involving the chairman of Hybe, the K-pop agency behind boy band BTS, according to sources Thursday. Investigators at the Seoul Metropolitan Police Agency raided the offices of the [...]
SEOUL, March 6 (Korea Bizwire) — The Korea Exchange (KRX) said Sunday that it will provide English translation services for regulatory filings of 51 firms listed on the secondary KOSDAQ market. The move, which will affect companies in the KOSDAQ Global segment and begin Monday, is in line with South Korea’s efforts to make its [...]
SEOUL, Jan. 24 (Korea Bizwire) – South Korea’s stock market operator said Thursday it will push to introduce a rule that allows it to cancel mistakenly made share trading orders as part of efforts to better guarantee market stability and protect investors. Lee Eun-tae, chief of the KOSPI market division under the Korea Exchange (KRX), [...]
SEOUL, Sept. 12 (Korea Bizwire) — The maximum possible number of shares investors can purchase in a single order will be reduced starting next week to prevent fat-finger errors, the local bourse operator said Wednesday. Investors will be allowed to buy a maximum of 1 percent of a firm’s total shares per order starting Monday, [...]
SEOUL, April 16 (Korea Bizwire) — The overseas businesses of South Korea’s main bourse operator Korea Exchange (KRX) have become “white elephants” amid consecutive annual losses, industry watchers said Sunday. According to the bourse operator’s annual report, the Lao Securities Exchange (LSX), where the KRX holds a 49-percent stake, posted a net loss of 1.8 [...]
SEOUL, Jan. 16 (Korea Bizwire) — Foreigners have net bought more than 2.2 trillion won (US$2 billion) worth of South Korean stocks this year in continuation of their buying spree from 2017, the Korea Exchange (KRX) said Tuesday, amid strong performance by local firms. Offshore investors acquired listed shares valued at 10.2 trillion won last [...]
SEOUL, Oct. 19 (Korea Bizwire) – South Korea’s stock market operator said Wednesday it has signed a contract with its Vietnamese counterpart to set up the IT infrastructure for the Southeast Asian nation’s equity trading. Under the deal with the Hochiminh Stock Exchange (HoSE), the Korea Exchange (KRX) will offer a set of programs based [...]
SEOUL, Jul. 24 (Korea Bizwire) — The South Korean stock markets will be open for 30 more minutes starting in August, the bourse operator said Sunday, in a bid to add more vitality to the securities industry. Starting Aug. 1, the markets for stocks and gold will close at 3:30 p.m., 30 minutes later than [...]
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, March 15 (Korea Bizwire) – South Korean conglomerates are considering revealing their key management decisions and other information in English to better communicate with foreign investors and help with their investment decisions, industry sources said Tuesday. On Monday, the Korea Exchange (KRX) said it will ask some 170 companies listed on the country’s main bourse, [...]