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Robo-Advisors’ One-Year Return Rate Surpasses Benchmark Stock

Robo-Advisors’ One-Year Return Rate Surpasses Benchmark Stock

SEOUL, Aug. 9 (Korea Bizwire) — Despite this year’s bear market, robo-advisors (RA) have achieved a return rate that surpassed benchmarks in comparison. Robo-advisors, a combination of the words ‘robot’ and ‘advisor,’ automate the distribution of investment assets through computer algorithms. According to Koscom Corp., South Korea’s technology developer for brokerage houses, the rate of [...]

WillScot Corporation Announces Exercise and Closing of Underwriters’ Option to Purchase Additional Shares

WillScot Corporation Announces Exercise and Closing of Underwriters’ Option to Purchase Additional Shares

BALTIMORE, Aug. 10 (Korea Bizwire) — WillScot Corporation (Nasdaq: WSC) (“WillScot”), a specialty rental services market leader providing innovative modular space and portable storage solutions across North America, today announced that the underwriters of its recent offering of 8,000,000 shares of its Class A common stock, par value $0.0001 per share (“Common Stock”), have exercised their option [...]

‘Silver’ Investors on the Rise

‘Silver’ Investors on the Rise

SEOUL, May 21 (Korea Bizwire) — As the South Korean population slowly ages, the number of elderly investors over 65 are also on the rise in the finance industry. According to a report released on Saturday by the Financial Supervisory Service, 23.6 percent (23.5 trillion won) of the total funds offered by financial institutions (99.9 [...]

Telix Pharmaceuticals Limited Successfully Completes $50 Million Oversubscribed Initial Public Offering

Telix Pharmaceuticals Limited Successfully Completes $50 Million Oversubscribed Initial Public Offering

MELBOURNE, Australia, Nov. 9 (Korea Bizwire) — Telix Pharmaceuticals Limited (“Telix”, the “Company”), an Australian biopharmaceutical company focused on the development of diagnostic and therapeutic products based on targeted radiopharmaceuticals or “molecularly-targeted radiation” (MTR), has successfully raised $50 million following the close of its fully underwritten Initial Public Offering (IPO). The IPO was strongly supported [...]

Medibio Completes Heavily Oversubscribed Institutional Placement for $13.9 million to Accelerate Commercialisation

Medibio Completes Heavily Oversubscribed Institutional Placement for $13.9 million to Accelerate Commercialisation

SYDNEY, Australia and MINNEAPOLIS, Oct. 12 (Korea Bizwire) — Medibio Limited (ASX:MEB)(OTCQB:MDBIF) is pleased to announce that it has received firm commitments to raise $13.9 million via the placement of 38,736,640 ordinary shares at a price of $0.36 per share.  The placement will be conducted in a single tranche using the Company’s existing placement capacity [...]

Foreigners Own Over Half of Electric, Electronics Stocks

Foreigners Own Over Half of Electric, Electronics Stocks

SEOUL, Sept. 11 (Korea Bizwire) — Foreign investors hold more than half of electric and electronics shares listed on South Korea’s main stock market, data showed Monday. Foreign ownership of those stocks traded on the Korea Composite Stock Price Index (KOSPI) market came to 51.2 percent of their total market capitalization as of Wednesday, the [...]

Foreign Ownership of Top 10 Group Shares Sinks 4.6 pct over Past Month

Foreign Ownership of Top 10 Group Shares Sinks 4.6 pct over Past Month

SEOUL, Aug. 28 (Korea Bizwire) — Foreign ownership of listed firms belonging to South Korea’s top 10 conglomerates tumbled nearly 4.6 percent over the past month amid a market correction, data showed Monday. Offshore investors held a combined 349.2 trillion won (US$310 billion) worth of shares in 95 listed firms of the leading business groups [...]

Property Investors May Move Money to Stocks: Analysts

Property Investors May Move Money to Stocks: Analysts

SEOUL, Aug. 4 (Korea Bizwire) — South Korea’s real estate investors may move their money to the stock market following tough government measures to cool the overheating housing market, analysts said Friday. In a desperate bid to rein in soaring apartment prices, the government unveiled a package of measures Wednesday, including the designation of areas [...]