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Brokerages Lower Hybe’s Target Price After BTS Decide to Pause Group Activities

Brokerages Lower Hybe’s Target Price After BTS Decide to Pause Group Activities

SEOUL, June 17 (Korea Bizwire) — In the aftermath of BTS’ recent announcement that they will suspend group activities, brokerage firms in South Korea are lowering their target price for Hybe, the management agency of K-pop supergroup, amid expectations of lower future revenues. Hybe shares dived almost 25 percent percent to 145,000 won after BTS’ [...]

Kakao Pay Employees Frustrated over Plunging Share Price

Kakao Pay Employees Frustrated over Plunging Share Price

SEOUL, June 10 (Korea Bizwire) — Shares of South Korean mobile payment service Kakao Pay Corp. have plunged following the stock sales through block deal by Alipay Singapore Holdings Pte, which is the company’s second-largest shareholder. Kakao Pay employees owning company stock, in turn, are seeing significant losses. On Wednesday, Kakao Pay shed 15.19 percent to [...]

Constellation Brands Announces Pricing of Tender Offers for Outstanding Series of Its 3.20% and 4.25% Senior Notes Due 2023

Constellation Brands Announces Pricing of Tender Offers for Outstanding Series of Its 3.20% and 4.25% Senior Notes Due 2023

VICTOR, N.Y., May 6 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has priced the previously announced series of cash tender offers (the “Offers”) for any and all of its outstanding 3.20% Senior Notes due 2023 and 4.25% Senior Notes due 2023 (collectively, the “Notes”). [...]

Iveco Group Debuts on the Milan Stock Exchange with Opening Bell Ceremony and First Day of Trading

Iveco Group Debuts on the Milan Stock Exchange with Opening Bell Ceremony and First Day of Trading

Turin, Jan. 3 (Korea Bizwire) – Today, on the Euronext Milan, Italy, trading in shares of Iveco Group N.V. (MI: IVG) began. The newly listed Group is formed from the demerger of the Commercial and Specialty Vehicles, Powertrain, and related Financial Services businesses from CNH Industrial N.V. (NYSE: CNHI / MI: CNHI). In celebration of the first [...]

Seoul Shares Expected to Rebound Next Week on Optimism for 2022

Seoul Shares Expected to Rebound Next Week on Optimism for 2022

SEOUL, Jan. 1 (Korea Bizwire) — South Korean stocks are expected to gather ground next week as an optimistic mood from solid U.S. consumer spending during the end-of-the-year holiday season and other factors will likely whet investor appetite for risky assets. The Korea Composite Stock Price Index (KOSPI) closed at 2,977.65 on Thursday, the last [...]

Seoul Shares Likely to Trade Rangebound Next Week

Seoul Shares Likely to Trade Rangebound Next Week

SEOUL, Dec. 25 (Korea Bizwire) — South Korean stocks are expected to move in a tight range next week, as investors will likely remain wary over uncertainties from the omicron coronavirus variant and rising tensions between the United States and Russia over Ukraine, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) added [...]

Seoul Shares May Fall to 2,900 Next Week Depending on Indicators

Seoul Shares May Fall to 2,900 Next Week Depending on Indicators

SEOUL, Oct. 30 (Korea Bizwire) — Seoul shares may fall further to 2,900 next week depending on upcoming global economic indicators and the Federal Reserve chairman’s possible comments on tighter monetary policy, analysts said Saturday. The Benchmark Korea Composite Stock Price Index (KOSPI) fell for a third straight day to end 1.3 percent lower at [...]

Samsung, SK hynix Shares Tumble amid Business Uncertainty Despite Robust Earnings Outlook

Samsung, SK hynix Shares Tumble amid Business Uncertainty Despite Robust Earnings Outlook

SEOUL, Oct. 14 (Korea Bizwire) — Shares of South Korea’s two chipmakers — Samsung Electronics Co. and SK hynix Inc. — have withered in recent days despite upbeat news that they are going to post record quarterly sales backed by brisk memory chip businesses. In its third-quarter earnings guidance released earlier this month, Samsung Electronics [...]