SEOUL, Dec. 4 (Korea Bizwire) — Stock markets will open as usual Wednesday, the finance ministry said, following President Yoon Suk Yeol’s unexpected declaration of emergency martial law overnight, which was subsequently lifted. The decision was made during an emergency meeting held earlier in the day between Finance Minister Choi Sang-mok and top economic and [...]
SEOUL, Sept. 23 (Korea Bizwire) – A single report from global investment bank Morgan Stanley has sent shockwaves through the South Korean stock market, underscoring the outsized influence of foreign financial institutions on the country’s equities. On September 20, shares of SK Hynix, the world’s second-largest memory chip maker, closed at 157,100 won after plummeting as [...]
SEOUL, Jan. 8 (Korea Bizwire) – Listed companies in South Korea probably saw their total operating income sink 16 percent on-year in 2023 due mainly to the sluggish chip business, a market tracker said Monday. The combined operating income of 247 listed firms is estimated at 297.9 trillion won (US$226 billion) last year, compared with [...]
SEOUL, Jan. 1 (Korea Bizwire) – Foreign investors’ net purchases of Samsung Electronics Co. stocks reached an all-time high last year on rising expectations of a recovery in the semiconductor industry, bourse data showed Monday. Offshore investors scooped up a net 16.7 trillion won (US$12.9 billion) worth of stocks of Samsung Electronics, the world’s largest memory [...]
SEOUL, Dec. 12 (Korea Bizwire) – CJ Logistics, once perceived as a stock market underdog, has been gaining significance recently. The company has been struggling to maintain market share due to the rapid ascent of Coupang, which posed a formidable threat in the retail sector. However, CJ Logistics has experienced a remarkable surge in its stock [...]
SEOUL, June 24 (Korea Bizwire) — South Korea’s stock market has failed to win developed market status from global index provider Morgan Stanley Capital International (MSCI), despite a set of market reform measures earlier this year. The MSCI announced the decision in a press release released Thursday (U.S. time), saying South Korea will stay on [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korean stocks ended the year 2022 sharply down, marking the first annual loss in four years on global monetary tightening and economic recession woes. On Thursday, the last trading session of this year, the benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,236.40 points, down 1.93 percent [...]
SEOUL, July 14 (Korea Bizwire) — South Korea’s travel and airline stocks have dropped to new 52-week lows on Tuesday amid a new wave of COVID-19 infections. Shares in Korean Air Lines drop 2.07 percent to 23,650 won on the main Seoul bourse, while those of Asiana Airlines slipped by 4.41 percent to 14,100 won. [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s main stock market saw its trading volume shrink more than 16 percent this month from a year earlier, data showed Monday, as investors remained on the sidelines amid inflation worries and other negatives. The daily trading volume of the country’s main bourse averaged 940 million shares during [...]
SEOUL, May 8 (Korea Bizwire) — Turnover of South Korea’s main stock market plunged to similar levels seen during the onset of the COVID-19 pandemic as investors fret over the U.S. monetary tightening, data showed Sunday. The average daily turnover of the KOSPI market stood at 10.7 trillion won (US$8.4 billion) in the April 6-May [...]