SEOUL, March 11 (Korea Bizwire) — Amid China’s rapid advancements in high-tech industries, South Korean investors are increasingly turning to Chinese stocks, fueling a surge in trading volumes, according to Chinese state media. China Central Television (CCTV) recently reported, citing data from the Korea Securities Depository, that the total trading volume of Chinese mainland and [...]
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 [...]