SEOUL, Oct. 29 (Korea Bizwire) — Major South Korean financial firms vowed Monday to establish an emergency monitoring system to better respond to market instability, their association said. The pledge came after chiefs of 12 local securities firms and nine asset management companies held an emergency meeting earlier in the day to assess the current [...]
SEOUL, Oct. 19 (Korea Bizwire) — With the South Korean stock market experiencing a heavy correction due to the U.S-China trade war and financial instability among emerging states, Inverse Exchange Traded Funds (ETF) are yielding high profits. FnGuide financial information services announced that 45 Inverse ETFs with over 1 billion won in assets yielded average [...]
SEOUL, Oct. 8 (Korea Bizwire) — Shares of South Korean tech giant Samsung Electronics Co. topped the list of holdings sold off by foreign and institutional investors in 2018, market data showed Monday. During the first nine months of this year, offshore investors sold shares of Samsung Electronics worth 3.56 trillion won (US$3.15 billion), according [...]
SEOUL, Sept. 12 (Korea Bizwire) — The maximum possible number of shares investors can purchase in a single order will be reduced starting next week to prevent fat-finger errors, the local bourse operator said Wednesday. Investors will be allowed to buy a maximum of 1 percent of a firm’s total shares per order starting Monday, [...]
SEOUL, Aug. 6 (Korea Bizwire) — Foreigners’ turnover in South Korea’s secondary stock market rose this year, while their proportion in the main bourse moved down, data showed Monday. The overseas investors took up 9 percent of the daily turnover in the tech-laden KOSDAQ market during the first seven months of the year, up 1.6 [...]
SEOUL, May 22 (Korea Bizwire) — There are over 20,000 overseas funds – the likes of billionaire Paul Singer’s Elliott Management Corp – that have invested in the South Korean stock market, according to the Financial Supervisory Service (FSS). As of March, the number of foreign collective investment companies, or “funds”, registered with the government [...]
SEOUL, May 7 (Korea Bizwire) — Investments in stocks carried out using funds loaned to individuals have reached a new record high, according to the Korea Financial Association, which announced yesterday that the balance of loans on margin accounts stood at 1.2 trillion won as of May 3, the highest value ever recorded. The loans [...]
SEOUL, Apr. 19 (Korea Bizwire) — A peace treaty that would finally end the 1950-53 Korean War, one of the growing prospects for the upcoming cross-border summit next week, may also end the chronic “Korea discount” in the stock market, analysts said Thursday. South Korean President Moon Jae-in will meet North Korea’s top leader Kim [...]
SEOUL, Apr. 18 (Korea Bizwire) — Retail investors have expanded their portfolio in South Korea’s junior KOSDAQ bourse, leading to the market’s recent upturn, data showed Wednesday. On Tuesday, the tech-laden KOSDAQ rose 0.48 percent to close at 901.22, the first time in about two and half months that the index surpassed the 900-point mark. [...]
SEOUL, Apr. 9 (Korea Bizwire) — South Korea’s financial regulator on Monday launched a special inspection into Samsung Securities Co. over the brokerage’s “fat-finger” trading chaos after it paid windfall stocks to its employees as dividends. Under an employee stock ownership plan, Samsung Securities had been planning to pay cash dividends of 1,000 won (US$0.93) [...]