SEOUL, Oct. 29 (Korea Bizwire) – South Korean stocks set a fresh record high Wednesday on hopes for the Seoul-Washington summit and a potential supply deal with Nvidia. The local currency was trading higher against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 70.74 points, or 1.76 percent, to close at [...]
SEOUL, Oct. 26 (Korea Bizwire) — Trading activity on South Korea’s main stock market has climbed to its highest level in more than four years, propelled by a powerful rebound in semiconductor shares and renewed retail and foreign investor interest. Average daily turnover on the Korea Composite Stock Price Index stood at 16.6 trillion won ($11.5 [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korean shares extended their record-breaking run on Tuesday, closing more than 1 percent higher on strong foreign inflows and a surge in chip stocks. The Korean won also strengthened sharply against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) gained 42.31 points, or 1.24 percent, to [...]
SEOUL, March 28 (Korea Bizwire) – Among 2,047 high-ranking South Korean officials required to disclose their assets, many have significant holdings in major international technology companies, according to government records released on March 27. Deputy Prime Minister and Finance Minister Choi Sang-mok invested nearly 200 million won in 30-year U.S. Treasury bonds last year, while [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korean retail investors’ holdings in U.S. stocks have surpassed $100 billion for the first time, as a new survey reveals that corporate innovation remains the primary attraction driving Korean investors toward American capital markets. According to a survey released on February 23 by the Korea Chamber of Commerce and [...]
SEOUL, Oct. 10 (Korea Bizwire) — Foreign investors sold the largest amount of Korean stocks in over 3 years in September amid escalating geopolitical risks and skepticism over the artificial intelligence (AI) sector, central bank data showed Thursday. Offshore investors sold a net US$5.57 billion worth of local stocks last month, following $1.85 billion worth [...]
SEOUL, May 10 (Korea Bizwire) — Foreign investors scooped up Korean stocks in April for the sixth consecutive month on the back of hopes for a recovery in the chipmaking sector, central bank data showed Friday. Offshore investors bought a net US$1.92 billion worth of local stocks last month, following $3.84 billion worth of purchases [...]
SEOUL, Apr. 9 (Korea Bizwire) – Samsung Electronics emerged as the most popular stock trading among South Korean minors so far this year, while Tesla and Apple led the charge in overseas equities, according to an analysis by Shinhan Investment Corp. In a review of the top 10 stocks traded by its underage clients from January [...]
SEOUL, Oct. 19 (Korea Bizwire) — Foreign investors sold a net 1.71 trillion won (US$1.26 billion) worth of South Korean stocks in September, extending their selling spree for a second consecutive month, data showed Thursday. After the sell-off, foreigners owned some 663.7 trillion won worth of local stocks, or 26.7 percent of total market capitalization, [...]
SEOUL, Aug. 30 (Korea Bizwire) — Chief executives at South Korea’s major companies have been actively purchasing their own company shares over the past year amid a sluggish stock market, a corporate tracker said Tuesday, highlighting their commitment to earning shareholder trust and enhancing responsible management. According to a survey conducted by Leaders Index of [...]