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KRX to Tighten Rules on Maximum Per-Case Stock Trading

KRX to Tighten Rules on Maximum Per-Case Stock Trading

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, [...]

Foreigners’ Presence in KOSDAQ Market Grows in 2018: Data

Foreigners’ Presence in KOSDAQ Market Grows in 2018: Data

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 [...]

Foreign Investors See Opportunity in Local Bourse

Foreign Investors See Opportunity in Local Bourse

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 [...]

Analysts Watch for End of ‘Korea Discount’ on Prospects of Peace Treaty

Analysts Watch for End of ‘Korea Discount’ on Prospects of Peace Treaty

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 [...]

Regulator Inspects Samsung Securities over ‘Fat-finger’ Dividend Chaos

Regulator Inspects Samsung Securities over ‘Fat-finger’ Dividend Chaos

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) [...]

Money Pouring into Stock Market Funds Hits Record Highs on Market Rally

Money Pouring into Stock Market Funds Hits Record Highs on Market Rally

SEOUL, Feb. 19 (Korea Bizwire) — Money pouring into stock market funds reached new record highs as of late last month, on the strength of the recent market rally, financial data showed Sunday. The total held by investor deposits, money for derivatives trading, repurchase agreements (RP) account receivables for consignment, credit loans for stock investment [...]

Foreigners Continue Buying Spree of S. Korean Shares amid Solid Earnings: KRX

Foreigners Continue Buying Spree of S. Korean Shares amid Solid Earnings: KRX

SEOUL, Jan. 16 (Korea Bizwire) — Foreigners have net bought more than 2.2 trillion won (US$2 billion) worth of South Korean stocks this year in continuation of their buying spree from 2017, the Korea Exchange (KRX) said Tuesday, amid strong performance by local firms. Offshore investors acquired listed shares valued at 10.2 trillion won last [...]