SEOUL, Sept. 13 (Korea Bizwire) — Shares in South Korean video game giant NCSOFT continued to sink Monday on disappointment over its new title “Blade & Soul 2.” NCSOFT’s shares closed at 591,000 won (US$505), down 29.39 percent from Aug. 25, a day before the game’s launch, with 5.4 trillion won cleared from its market [...]
SEOUL, Jan. 14 (Korea Bizwire) — Market expectations for U.S. fuel cell maker Plug Power Inc. are growing with its share price surging after South Korean conglomerate SK Group made an equity investment in the company. Boosted by SK’s equity investment, the share price of the Nasdaq-listed firm has continued to surge, closing at US$66.02 [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korean brokerage houses have raised their target prices of Samsung Electronics Co. on signs of a recovery in global chip demand, sources said Tuesday. Some analysts predict the share price of Samsung Electronics, the world’s top memory chip maker, to rise as high as 90,000 won (US$83) after [...]
SEOUL, Oct. 19 (Korea Bizwire) — Shares in Big Hit Entertainment, the creative nest of K-pop superstar BTS, continued to suffer an extended slump on the third day since the company’s market debut as some institutional investors dumped the stocks. Big Hit shares tumbled 5.74 percent to close at 189,000 won (US$165), far underperforming the [...]
SEOUL, Oct. 18 (Korea Bizwire) — Big Hit Entertainment, the agency of K-pop superstar BTS, may face increased volatility following last week’s rocky stock market debut, as institutional investors are likely to sell part of the company’s stocks. Right after debuting on the country’s main bourse on Thursday, the K-pop entertainment company soared to 351,000 [...]
SEOUL, Oct. 7 (Korea Bizwire) — Shares of South Korea’s largest chemical firm, LG Chem, hit a 52-week low during Monday trading on the Seoul bourse following a grim third-quarter earnings outlook and concerns over its energy storage system (ESS), analysts here said Monday. LG Chem plunged 3.21 percent to touch a new 52-week low [...]
SEOUL, Jul. 5 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. has seen its market capitalization touch an eight-year low as slumping global sales pound its share price, data showed Thursday. Shares of Hyundai Motor closed at 119,500 won (US$107) on Wednesday, the lowest closing price since April 19, 2010, according to the [...]
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 [...]
SEOUL, Nov. 23 (Korea Bizwire) – A number of South Korean companies have announced spinoffs of subsidiaries with promises to become more transparent and improve management, but market watchers say they were driven by the growing legislative movement to prevent spinoffs from strengthening corporate owners’ control. Snack manufacturer Orion Corp. and dairy producer Maeil Co. [...]