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 [...]
SEOUL, Jul. 24 (Korea Bizwire) — The South Korean stock markets will be open for 30 more minutes starting in August, the bourse operator said Sunday, in a bid to add more vitality to the securities industry. Starting Aug. 1, the markets for stocks and gold will close at 3:30 p.m., 30 minutes later than [...]
SEOUL, Jul. 24 (Korea Bizwire) – The portion of stocks traded on the main bourse through mobile devices has hovered above 30 percent this year, data showed Sunday, with the figure anticipated to continue to grow sharply down the road. According to the data compiled by the Korea Exchange (KRX), the main bourse operator, the [...]
SEOUL, July 1 (Korea Bizwire) – “Samsung Group chairman Lee Kun-hee dies. Expecting announcement at 3 p.m. Embargo.” An unidentified tip announcing the death of one of Korea’s most revered business moguls shocked the Korean stock market which ran rampant across social media on June 30. The rumor of the death of Korea’s richest (Forbes [...]