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 [...]
SEOUL, June 1 (Korea Bizwire) – A Korean version of the NASDAQ Private Market is expected to launch before the end of the year. According to industry analysts, the Korea Financial Investment Association (KFIA) plans to present what it calls an ‘over-the-counter transaction platform for professional investors’. It plans to revitalize the pre-IPO market by providing [...]
SEOUL, May 19 (Korea Bizwire) – Korea’s Financial Supervisory Service (FSS) revealed Monday that two informants of improper stock trading were rewarded 59.2 million and 8.55 million won each. The 59.2 million won award is the most that has ever been rewarded to an informant of improper stock trading. The highest reward up until now [...]
SEOUL, May 9 (Korea Bizwire) – Investors have increasingly shifted their money into short-term financial instruments such as money market funds this year as the stock market remains sluggish amid low interest rates, data showed Saturday. Money market funds (MMFs) are short-term debt securities such as Treasury bills and commercial papers. They are widely considered [...]
SYDNEY, AUSTRALIA, Apr. 20 (Korea Bizwire) – Skyland Petroleum Limited (formerly MUI Corporation Limited) (ASX: SKP) (“Skyland” or the “Company”) will commence trading on the Australian Securities Exchange (“ASX”) today at 10:00am following a raising of AUD14.25 million exceeding the minimum subscription as part of a reverse takeover (the “RTO”) conducted by the Company of [...]
SEOUL, March 10 (Korea Bizwire) – After witnessing the future of robots and artificial intelligence (AI) when pro Go player Lee Se-dol lost the first Go match to AlphaGo, robot-related stock prices are showing signs of ascent. DST Robot, a manufacturer listed on KOSDAQ, saw its share price rise to the limit of 6,520 won during [...]
SEOUL, Oct. 5 (Korea Bizwire) — The South Korean bourse operator said Monday that it will seek to lure overseas exchange traded funds (ETFs) into the local stock market in order to meet rising demand for overseas direct investment by locals. An ETF refers to an investment fund traded on stock exchanges and represents a [...]
SEOUL, Sept. 11 (Korea Bizwire) – Wall Street in Yeouido is providing ‘zero commission’ stock trading. There was a time in 2011 when free commissions were a craze, but the period of time it was applied to was a few months, or a year at the longest. However, this time, the applied period is at least one [...]