SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s stock market has plummeted nearly 6 percent since the first new coronavirus case was confirmed in the country, data showed Sunday, as the deadly virus is increasingly feared to pose downside risks to the global financial market and economic growth. The benchmark Korea Composite Stock Price Index [...]
SEOUL, Jan. 23 (Korea Bizwire) — Research reports published by securities firms are decreasing in line with changes in the business environment in the securities industry. The number of research reports published by securities firms based on financial information provider FnGuide’s tally dropped from a high of 95,215 in 2013 to 76,694 in 2018. In [...]
HONG KONG, CHINA, Jan. 17 (Korea Bizwire) - There is little doubt that the liberalisation of stock markets in emerging markets has been a positive force in the world economic order. One previous study has found that stock market liberalisation leads to a 1 percent increase in a country’s annual real GDP growth. Closer to home, economic [...]
HONG KONG, CHINA, Dec. 2 (Korea Bizwire) – China’s 2005 reform of its dual-class share structure was said to have improved listed firms’ corporate governance by allowing companies’ founding shareholders to convert previously restricted stock into openly traded shares. Some academic studies suggested the changes better aligned the interests of large shareholders and public investors. [...]
SEOUL, Oct. 23 (Korea Bizwire) — A recent report has identified a correlation between the incidence of severe weather alerts and a drop in the stock market. Financial markets and consumers were also affected by weather forecasts and weather conditions, with credit card payments rising on sunny days. According to a report released Tuesday by [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s initial public offering (IPO) market is expected to gather ground in the fourth quarter as several large companies are seeking to make debuts on the local stock market, an industry source said Monday, although investors remained bearish on stocks. About 10 companies have applied or plan to [...]
SEOUL, Sept. 17 (Korea Bizwire) — Investments supported by so-called robo advisors, or computer programs that make financial decisions, outperformed the overall market in South Korea last month, when the local stock market remained bearish, data showed Tuesday. According to the data from Koscom Corp., the system manager of the Korean bourse operator Korea Exchange, [...]
SEOUL, Sept. 1 (Korea Bizwire) — Bio shares on the Korean stock market tumbled this year as investor confidence was hurt by a series of scandals involving major drugmakers, data showed Saturday. The combined market capitalization of 43 pharmaceutical and bio companies listed on the main bourse, the KOSPI, stood at 81.3 trillion won (US$67.2 [...]
SEOUL, Jun. 20 (Korea Bizwire) — A recent survey has revealed that the number of overseas stock investors in their 20s has been surging. Shinhan Investment Corp. said Wednesday that its survey of 30,000 customers investing in overseas stocks showed there were 17,340 investors in their 20s as of the end of May, accounting for [...]
SEOUL, May 30 (Korea Bizwire) — The market value of pharmaceuticals traded on South Korea’s minor bourse has plunged over the past two months due to a gene therapy drug scandal, data showed Thursday. The pharmaceutical industry index of the KOSDAQ market closed at 8,558.65 Wednesday, down 11.8 percent from two months earlier when the [...]