SEOUL, Feb. 26 (Korea Bizwire) — The financial regulator said Monday that it will work to incentivize efforts by local businesses to enhance their own value that will in turn lead to increased returns to investors. The move comes as part of efforts to end the “Korea Discount,” where local shares are traded at prices [...]
SEOUL, Jan. 11 (Korea Bizwire) — The value of listed firms in South Korea swelled nearly 25 percent over the past year amid a bullish stock market, a corporate tracker said Thursday. The market capitalization of 2,607 companies listed on the country’s main and secondary bourses came to a combined 2,503 trillion won (US$1.9 trillion) [...]
SEOUL, Jan. 8 (Korea Bizwire) – Listed companies in South Korea probably saw their total operating income sink 16 percent on-year in 2023 due mainly to the sluggish chip business, a market tracker said Monday. The combined operating income of 247 listed firms is estimated at 297.9 trillion won (US$226 billion) last year, compared with [...]
SEOUL, July 21 (Korea Bizwire) — The number of South Korean listed firms that merged with or acquired business entities fell on-year in the first half of 2023, data showed Friday. A total of 47 South Korean companies either wrapped up or have been working on corporate mergers and acquisitions (M&As) during the first six [...]
SEOUL, July 13 (Korea Bizwire) – The market value of listed firms in South Korea jumped nearly 19 percent in the first half of 2023 amid a bullish stock market, with Samsung Electronics Co. retaining its top-cap status, a corporate tracker said Thursday. The market capitalization of 2,599 companies listed on the country’s main and [...]
SEOUL, April 19 (Korea Bizwire) — The market value of listed firms in South Korea swelled nearly 14 percent in the first quarter of 2023, with Samsung Electronics Co. retaining its top-cap status, a corporate tracker said Wednesday. The market capitalization of 2,558 companies listed on the country’s main and secondary bourses came to 2,291 [...]
SEOUL, April 10 (Korea Bizwire) — More than half of major listed firms in South Korea saw their financial soundness worsen in 2022 amid high global interest rates and inflation, data showed Monday. The debt-to-equity ratio of 56 out of the 106 listed companies belonging to the country’s top 10 business groups increased last year [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korea’s financial regulator said Friday that it will obligate listed firms to provide corporate filings in English “in stages” from 2024 as it seeks to expand foreigners’ access to business information. “In consideration of the level of preparations by businesses, we will make it obligatory in stages centering [...]
SEOUL, Nov. 17 (Korea Bizwire) — Net profit of South Korean listed firms declined 37.04 percent in the third quarter this year from a quarter ago amid monetary policy tightening and a slowdown in the economy, the bourse operator said Wednesday. Consolidated net profit of 601 companies on the main KOSPI market totaled 27.67 trillion [...]
SEOUL, July 7 (Korea Bizwire) — South Korea’s bourse operator said Thursday that it will provide guidelines that meet global standards for listed firms’ disclosures for their environment, social and governance (ESG) management. The Korea Exchange (KRX) has been pushing for advanced ESG disclosure systems to match global standards, best represented by the International Sustainability [...]