SEOUL, May 12 (Korea Bizwire) – South Korea’s national pension fund has earned nearly 13 trillion won (US$11.5 billion) from stock investments this year thanks to the bullish stock market, data showed Friday. According to the data by market tracker FnGuide and industry sources, the value of 278 stocks, of which the National Pension Service [...]
SEOUL, May 12 (Korea Bizwire) – Netmarble Games Corp., South Korea’s largest mobile games maker, was listed on the country’s main bourse on Friday, in what was the biggest market debut by a local game company. Netmarble Games opened trade at 165,000 won (US$146), above the top of its marketed range at 157,000 won. Its [...]
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 [...]
SEOUL, March 21 (Korea Bizwire) – South Korean listed companies’ dividend payouts hit a fresh high in 2016 as large caps increased payments to meet stockholders’ demand, data showed Tuesday. According to the data by the Korea Exchange (KRX), 517 out of the 746 companies listed on the main KOSPI market paid out a combined [...]
SEOUL, March 14 (Korea Bizwire) – The combined market capitalization of South Korean stocks held by foreigners has exceeded 517 trillion won (US$449 billion), hitting an all-time high, data showed Tuesday. Foreigners have purchased a net 4.62 trillion won worth of shares here this year alone, helping drive up the benchmark index KOSPI to 2,133.79 [...]
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 [...]
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 – [...]
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 [...]
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 [...]
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 [...]