SEOUL, Nov. 29 (Korea Bizwire) – A bill was proposed stiffening monetary penalties and prison sentences for illegal stock trading made with inside information and price manipulation, people in the financial community said Monday. The bill submitted by Rep. Kim Young-joo of main opposition Democratic Party would allow monetary fines in the amount two to [...]
SEOUL, Nov. 21 (Korea Bizwire) – South Korean shares of cosmetics and entertainment companies closed lower on Monday amid concerns over Chinese state-sanctioned retaliatory measures against Korea’s deployment of an American THAAD battery. Big-name K-pop producers, including SM (-8.16 percent), YG (-6.9), and JYP Entertainment (-2.79); film distributors and producers such as Showbox (-14.57) and [...]
MUNICH, Germany and NEW YORK, Nov. 15 (Korea Bizwire) — Munich-based Devexperts GmbH, developers of the financial markets’ most successful professional retail and institutional trading platforms and providers of one of the US’ largest cloud based financial data infrastructures, today announced that they are working with Nasdaq to deliver a high quality, API based, on-demand [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korean shares plunged Wednesday as Republican presidential candidate Donald Trump won the White House. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index shed 45.00 points, or 2.25 percent, to 1,958.38. The index fell to an intraday low of 1.931.07 during the [...]
SEOUL, Nov. 3 (Korea Bizwire) — Samsung BioLogics, a biopharmaceutical unit of Samsung Group, and Doosan Bobcat Co., an affiliate of power equipment conglomerate Doosan Group, are set to make their market debuts this month, which some analysts say may help the local stock market recover from a recent market turmoil. Last week, Samsung BioLogics, [...]
SEOUL, Nov. 2 (Korea Bizwire) – The latest report from the Korea Capital Market Institute (KCMI) revealed that the Q2 2016 balance of overseas stock investment by domestic residents was $159.3 billion, an almost four-fold increase since Q1 2009, shortly after the 2008 financial crisis. According to the institute, the trend was largely driven by [...]
SEOUL, Oct. 25 (Korea Bizwire) – An over-the-counter stock market for promising startups will open in South Korea in November to help them raise funds more easily and offer investors a chance to buy their shares, the bourse operator said Tuesday. The Korea Exchange (KRX) said the stock market, named the KRX Startup Market (KSM) [...]
SEOUL, Sept. 28 (Korea Bizwire) – The Korean stock market was very much affected by the first U.S. presidential debate, and was clearly in favor of Democratic candidate Hillary Clinton. Korea’s representative KOSPI index opened Tuesday with doubts over the first debate, but with Clinton gaining strength against Donald Trump as the debate progressed, the [...]
SEOUL, Aug. 24 (Korea Bizwire) – South Korea will set up a new stock market monitoring system using artificial intelligence (AI) by 2018, the nation’s bourse operator announced Wednesday. The move is intended to counter unfair stock trading taking advantage of information technology (IT), social micro-blogging sites and robo-advisors, according to the Korea Exchange. “Market [...]
SEOUL, Aug. 2 (Korea Bizwire) – Last April, Hong Kong-based China Ocean Resources Co. announced that it was sued by another Hong Kong firm for failing to pay back loans and interest, and that 30 percent of its subsidiary shares were sequestrated. The disclosure has since proven to be inaccurate. Since then, the company has [...]