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Market Cap of Foreign-Owned Stocks Tops 511 Tln Won

Market Cap of Foreign-Owned Stocks Tops 511 Tln Won

SEOUL, March 14 (Korea Bizwire) – The combined market capitalization of South Korean stocks held by foreigners has exceeded 511 trillion won (US$445 billion), hitting an all-time high, data showed Tuesday.  Foreigners have purchased a net 4.22 trillion won worth of shares here this year alone, helping drive up the benchmark index KOSPI to 2,117.59 [...]

Samsung Chief Tops Ranking of Dividend Income Earners

Samsung Chief Tops Ranking of Dividend Income Earners

SEOUL, Feb. 27 (Korea Bizwire) – Lee Kun-hee, the ailing chief of South Korea’s top conglomerate Samsung Group, again topped the ranking of dividend income earners, data showed Monday.  Dividend payouts to Lee, chairman of the group’s flagship Samsung Electronics Co., stood at 189.9 billion won (US$167.6 million) so far this year, according to the [...]

NPS Set to Buy 10 Tln Won of Stocks This Year

NPS Set to Buy 10 Tln Won of Stocks This Year

SEOUL, Feb. 7 (Korea Bizwire) – South Korea’s state pension fund plans to invest nearly 10 trillion won (US$8.8 billion) in top-cap Samsung Electronics and other domestic stocks this year, a senior official said Tuesday, sparking hopes it could help boost the local stock market.  The planned investment would raise stock investments by the National [...]

Foreign Holdings of S. Korean Stocks Top 500 Tln Won

Foreign Holdings of S. Korean Stocks Top 500 Tln Won

SEOUL, Feb. 6 (Korea Bizwire) – The total value of South Korean stocks under foreign ownership has exceeded 500 trillion won (US$440 billion) for the first time on indications of a global economic recovery and improved earnings by some local giants, data showed Monday.  Foreign investors owned 501.9 trillion won worth of shares here as [...]

Asset Managers Say Samsung Elec Shares Still Undervalued

Asset Managers Say Samsung Elec Shares Still Undervalued

SEOUL, Jan. 10 (Korea Bizwire) – Samsung Electronics shares are still undervalued despite days of record-breaking price climbs, given the tech firm’s operating profit and product marketability, leading asset managers said in their outlook Tuesday.  Samsung Electronics released its 2016 fourth-quarter performance estimate Friday that forecast 9.2 trillion won (US$7.64 billion) in operational profit, up [...]