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Stock Funds in Emerging Markets Thrive with High Profitability

Stock Funds in Emerging Markets Thrive with High Profitability

SEOUL, March 23 (Korea Bizwire) – Stock funds in emerging financial markets have become a newfound investment destination among South Koreans this year, with promising returns, said local market researcher KG Zeroin.  According to data compiled by the firm, of overseas stock funds with a minimum of 1 billion won ($892,618) in assets and a [...]

Market Cap of Foreign-Owned Stocks Tops 511 Tln Won

Market Cap of Foreign-Owned Stocks Tops 511 Tln Won

SEOUL, March 14 (Korea Bizwire) – The combined market capitalization of South Korean stocks held by foreigners has exceeded 511 trillion won (US$445 billion), hitting an all-time high, data showed Tuesday.  Foreigners have purchased a net 4.22 trillion won worth of shares here this year alone, helping drive up the benchmark index KOSPI to 2,117.59 [...]

Korean Youth Increasingly Indifferent to Stock Investing

Korean Youth Increasingly Indifferent to Stock Investing

SEOUL, Feb. 21 (Korea Bizwire) – The local stock market is struggling to attract young investors amid prolonged economic hardships, a record high youth unemployment rate, and an increasing number of “house poor” individuals and families.  Besides the fact that the benchmark Korea Composite Stock Price Index (KOSPI) has hovered in the same 1,850 – [...]

Foreign Holdings of S. Korean Stocks Top 500 Tln Won

Foreign Holdings of S. Korean Stocks Top 500 Tln Won

SEOUL, Feb. 6 (Korea Bizwire) – The total value of South Korean stocks under foreign ownership has exceeded 500 trillion won (US$440 billion) for the first time on indications of a global economic recovery and improved earnings by some local giants, data showed Monday.  Foreign investors owned 501.9 trillion won worth of shares here as [...]

FSS Pays Record Cash Rewards for Reporting Violations

FSS Pays Record Cash Rewards for Reporting Violations

SEOUL, Jan. 13 (Korea Bizwire) – South Korea’s state financial watchdog said Friday it paid more than 120 million won (US$100,000) last year in cash rewards for helping punish violators of capital market rules.  A total of 120.7 million won was given to five informers of such irregularities as stock price manipulation, unfair trading and [...]

Investors More Sensitive to THAAD Issues than Anti-Graft Law

Investors More Sensitive to THAAD Issues than Anti-Graft Law

SEOUL, Jan. 6 (Korea Bizwire) – Korea’s anti-corruption law, which took effect on September 28 of last year, did not have as great an impact on the local stock market as initially expected, according to financial watchdogs.  Instead, the stock market was more sensitive to China’s retaliatory measures against Korea’s decision to deploy a THAAD [...]

RedHill Biopharma Announces Exercise of Underwriters’ Option

RedHill Biopharma Announces Exercise of Underwriters’ Option

TEL-AVIV, Israel, Jan. 3 (Korea Bizwire) — RedHill Biopharma Ltd. (NASDAQ:RDHL) (TASE:RDHL) (“RedHill” or the “Company”), a specialty biopharmaceutical company primarily focused on the development and commercialization of late clinical-stage, proprietary, orally-administered, small molecule drugs for gastrointestinal and inflammatory diseases and cancer, today announced that the underwriters of its previously announced underwritten public offering of [...]

Private Investors Sole Losers in KOSPI Stock Picks in 2016

Private Investors Sole Losers in KOSPI Stock Picks in 2016

SEOUL, Jan. 2 (Korea Bizwire) – Private investors were the big losers in last year’s stock market, a contrast to institutional and foreign investors that ended the year on the plus side, financial industry data showed Monday.  The top 20 most-purchased stocks by private investors in the main bourse KOSPI ended 33.07 percent down by [...]