SEOUL, Jul. 23 (Korea Bizwire) — The founder of South Korean tech giant Kakao Corp. was arrested Tuesday on charges of stock price manipulation related to the firm’s takeover of K-pop powerhouse SM Entertainment last year, prosecutors said. The Seoul Southern District Court issued an arrest warrant for Kim Beom-su after holding a hearing, which [...]
SEOUL, Jul. 22 (Korea Bizwire) — Kim Beom-su, the founder of Kakao Corp., was to attend a court hearing Monday on an arrest warrant requested for him over alleged stock price manipulation related to the firm’s takeover of K-pop powerhouse SM Entertainment last year. The Seoul Southern District Court was scheduled to hold a hearing [...]
SEOUL, Apr. 25 (Korea Bizwire) – South Korea unveiled a plan Thursday to detect illegal stock short selling via a centralized monitoring system after it banned such trades in November last year. Under the plan, the Korea Exchange, the country’s bourse operator, will set up a monitoring system to detect illegal trades that short stocks [...]
SEOUL, Jan. 3 (Korea Bizwire) – The vice chief of South Korea’s financial regulator said Wednesday authorities will set up a computerized system to crack down on naked short selling, in a bid to promote a level playing field for stock investments. Kim So-young, vice chairman of the Financial Services Commission (FSC), said the country [...]
SEOUL, Jan. 5 (Korea Bizwire) — A substantial number of South Korean business executives intend to increase their stock investment amid expectations that inflation will continue to remain high, a survey showed Tuesday. According to a survey conducted by Samsung Securities Co. of executives from 924 local businesses, 21.3 percent of the respondents picked inflation [...]
SEOUL, June 11 (Korea Bizwire) — South Korea retail investors have traded more than US$1.7 billion worth of shares in AMC Entertainment Holdings Inc., one of the social media-driven meme stocks, this month, data showed Friday. Local individual investors’ transactions of shares in the top U.S. movie theater chain came to $1.76 billion in the [...]
SEOUL, Jan. 12 (Korea Bizwire) — With stock prices continue to break record highs in the New Year, many salary workers, homemakers and students who have shunned investments in stocks are experiencing a great sense of alienation. “These days, the main topic of conversation among my friends is how much they have made investing in [...]
MONTREAL, Oct. 6 (Korea Bizwire) – Brunswick Exploration Inc. formerly Komet Resources Inc. (“Brunswick” or the “Company”) is pleased to announce that the TSX Venture Exchange (“TSXV”) has approved a change in the Company’s stock symbol trading on the TSXV. Effective as of this morning, Tuesday, October 6, 2020, the Company’s common shares trade on the TSXV [...]
SEOUL, April 20 (Korea Bizwire) — Money floating around the South Korean stock market has reached a new record high amid a recent market recovery following a coronavirus-caused rout, data showed Monday. The amount of stock-related funds hit 141.79 trillion won (US$116.5 billion) as of Tuesday, up nearly 24 percent from Jan. 20 when South [...]
HONG KONG, CHINA, Jan. 2 (Korea Bizwire) – A leading and fast growing integrated marketing solutions provider, Activation Group Holdings Limited (“Activation Group” or the “Company”, which together with its subsidiaries, is referred to as the “Group”, stock code: 09919) announced on 30 December 2019 the details of the global offering (the “Global Offering”) and [...]