SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s No. 1 conglomerate, Samsung, saw its market capitalization fall nearly 12 percent this year due to losses in tech and bio shares, a corporate tracker said Sunday. The combined market value of its 16 listed companies came to 418.33 trillion won (US$369.5 billion) as of Wednesday, down [...]
SEOUL, Jan. 10 (Korea Bizwire) – Samsung Electronics shares are still undervalued despite days of record-breaking price climbs, given the tech firm’s operating profit and product marketability, leading asset managers said in their outlook Tuesday. Samsung Electronics released its 2016 fourth-quarter performance estimate Friday that forecast 9.2 trillion won (US$7.64 billion) in operational profit, up [...]
SEOUL, Nov. 21 (Korea Bizwire) – South Korean shares of cosmetics and entertainment companies closed lower on Monday amid concerns over Chinese state-sanctioned retaliatory measures against Korea’s deployment of an American THAAD battery. Big-name K-pop producers, including SM (-8.16 percent), YG (-6.9), and JYP Entertainment (-2.79); film distributors and producers such as Showbox (-14.57) and [...]
SEOUL, Oct. 17 (Korea Bizwire) – Shares held by foreign investors at South Korea’s top 30 listed firm have exceeded 315 trillion won (US$278 billion), data showed Sunday. According to the Financial Supervisory Service data submitted to the National Assembly, shares held by foreign investors were 67 percent of the total share ownership as of [...]