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Top 10 Conglomerates Suffer Drop in Market Caps As Stocks Tumble

Top 10 Conglomerates Suffer Drop in Market Caps As Stocks Tumble

SEOUL, Aug. 1 (Korea Bizwire) — The market value of firms affiliated with South Korea’s top 10 conglomerates has fallen off this year as their stocks were affected by bearish market conditions, data showed Wednesday. The combined market value of listed firms belonging to the 10 leading business groups came to 913.2 trillion won (US$814 [...]

Foreigners Pick Up Financial Shares, Drop Electronics in 2017

Foreigners Pick Up Financial Shares, Drop Electronics in 2017

SEOUL, Jan. 15 (Korea Bizwire) — Foreign investors picked up financial and chemicals shares on the KOSPI, South Korea’s main bourse, last year while selling off electronics and construction stocks, data from the Korea Exchange showed Monday. Offshore investors bought 6.58 trillion won (US$6.17 billion) worth of local stocks in 2017, of which financial stocks [...]