SEOUL, Sept. 17 (Korea Bizwire) — Stock transactions in South Korea spiked more than 70 percent in 2020 amid an investment craze among retail investors, data showed Friday. The value of stock trading in Asia’s fourth-largest economy stood at 35,397.3 trillion won (US$30.2 trillion) last year, up 70.5 percent from a year earlier, according to [...]
SEOUL, Jan. 20 (Korea Bizwire) — The number of stock trading accounts in South Korea is expected to surpass 30 million soon on the back of the rising popularity of mobile stock trading and a bull run in overseas markets, data showed Monday. According to the data by the Korea Financial Investment Association (KOFIA), 29.45 [...]
SEOUL, Jan. 5 (Korea Bizwire) — Smartphones overtook personal computers as the top stock-trading platform in South Korea last year, data showed Sunday. Stock trading via smartphones accounted for an average 40.66 percent of daily trading on the main KOSPI market last year, according to the data by the nation’s bourse operator. In comparison, stock [...]
SEOUL, May 29 (Korea Bizwire) — South Korea’s bourse operator said Wednesday that a tax cut for stock trading will come into effect later this week, with analysts expecting the reduction to revitalize stock transactions, although there may be no sharp rise in trading volume in the long term. Starting Thursday, the transaction tax for [...]
SEOUL, Dec. 30 (Korea Bizwire) – A former head of Hanjin Shipping Co. was indicted Friday on charges that she illegally sold company stocks using insider information to avoid losses. The Seoul Southern District Prosecutors’ Office said Choi Eun-young is accused of selling stocks of the financially troubled Hanjin Shipping in April after obtaining information [...]
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, Oct. 19 (Korea Bizwire) – South Korea’s stock market operator said Wednesday it has signed a contract with its Vietnamese counterpart to set up the IT infrastructure for the Southeast Asian nation’s equity trading. Under the deal with the Hochiminh Stock Exchange (HoSE), the Korea Exchange (KRX) will offer a set of programs based [...]
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, 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, 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 [...]