SEOUL, Sept. 3 (Korea Bizwire) — South Korea’s financial watchdog said Friday it will strengthen penalties on violators of the so-called 5 percent rule concerning the acquisition of listed firms’ shares. The country’s capital market law requires investors who buy 5 percent or more of a listed company’s shares to file a report on the [...]
SEOUL, April 1 (Korea Bizwire) — Stocks held by South Korean retail investors jumped nearly 60 percent in 2020 from a year earlier amid their investment craze, data showed Thursday. Local individuals owned 662 trillion won (US$586 billion) worth of listed shares as of the end of 2020, up 58 percent from a year earlier, [...]
SEOUL, Jan. 8 (Korea Bizwire) — The head of a biotech venture firm has emerged as the fourth-richest man in stock holdings in South Korea, industry data showed Sunday, amid a bio venture boom in Asia’s fourth-biggest economy. The value of stocks held by Seo Jung-jin, chairman of biopharmaceutical firm Celltrion Inc., rose to 5.39 [...]