SEOUL, Jan. 25 (Korea Bizwire) — South Korea’s top 30 family-controlled conglomerates have seen their stock market capitalization spike more than 30 percent over the past four years, with Samsung Group taking the top spot, a market tracker said Tuesday. The combined value of 201 listed firms belonging to the leading business groups, known as [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korean stocks are forecast to move in a tight range as investors will likely assume a wait-and-see strategy ahead of the Lunar New Year holiday, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,834.29 on Friday, marking the lowest closing price since December [...]
SEOUL, Dec. 23 (Korea Bizwire) — Turnover of South Korea’s main bourse plumbed a 19-month low in December as retail investors flee stocks for higher returns, data showed Thursday. The average daily turnover of the KOSPI market stood at slightly over 10 trillion won (US$8.39 billion) for 16 trading sessions till Wednesday, according to the [...]
SEOUL, Oct. 30 (Korea Bizwire) — Seoul shares may fall further to 2,900 next week depending on upcoming global economic indicators and the Federal Reserve chairman’s possible comments on tighter monetary policy, analysts said Saturday. The Benchmark Korea Composite Stock Price Index (KOSPI) fell for a third straight day to end 1.3 percent lower at [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s ‘bittoo’ fever is spreading rapidly, even to university students and job seekers with no stable income. Bittoo is the Korean term for borrowing to invest. This fever engulfed the country starting from last year with lots of people in their 20s and 30s taking out loans to [...]
SEOUL, Feb. 3 (Korea Bizwire) – South Korea’s financial regulator said Wednesday it will again extend a ban on stock short selling until May 2, amid growing calls from retail investors to prohibit the hedging practice. The extension of the ban, which had been set to be lifted on March 15, also came after politicians [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea will closely monitor a potential increase in market volatility as investors’ herb behavior, illustrated in the U.S. GameStop case, could frequently occur, the vice finance minister said Tuesday. Global stock markets recently underwent high fluctuations after retail investors snapped up shares of U.S. video game vendor GameStop, [...]
SEOUL, Feb. 1 (Korea Bizwire) — Amid fanfare over a stock bull run, South Korea’s financial regulator is in a tight spot over whether to allow short selling as scheduled in March as more retail investors have demanded an outright ban on the trading tactics for a level playing field with institutional investors. With the [...]
SEOUL, Jan. 26 (Korea Bizwire) — It will be another busy year for initial public offerings in South Korea as a slew of companies are rushing to debut on the local stock market amid a stock rally and strong appetite from retail investors, analysts said Tuesday. Companies ranging from bio, battery makers, fintech to games [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korean retail investors’ holdings of shares in electric vehicle leader Tesla Motors Inc. soared nearly 32 percent this year to cross the US$10 billion mark, data showed Monday. Local individual investors owned $10.33 billion worth of Tesla shares as of Friday, up 31.9 percent from the end of [...]