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Foreigners Scoop Up Kakao on Improving Earnings, Biz Diversification

Foreigners Scoop Up Kakao on Improving Earnings, Biz Diversification

SEOUL, Dec. 3 (Korea Bizwire) — Foreign investors’ love for Kakao Corp. seems to be showing no signs of a letup, even during their weekslong sell-off spree of local stocks, on expectations that the operator of the country’s most popular messenger KakaoTalk may get a further boost from its lucrative platform, content and fintech-related businesses, [...]

Agricultural Stocks Surges on Jim Rogers Comments

Agricultural Stocks Surges on Jim Rogers Comments

SEOUL, Jan. 25 (Korea Bizwire) — Agriculture-related stocks rallied on Thursday as famous American businessman and legendary investor Jim Rogers mentioned agriculture as an area of interest. On the same day, shares of ASIA SEED Co., which produces seeds such as cabbage and sweet pumpkin, soared 29.92 percent to closed at 9,770 won. Jim Rogers [...]

WillScot Announces Extension of Exchange Offer Relating to its Warrants

WillScot Announces Extension of Exchange Offer Relating to its Warrants

BALTIMORE, Nov. 28 (Korea Bizwire) — WillScot Corporation (“WillScot”) (NASDAQ: WSC), the specialty rental services market leader providing innovative modular space and portable storage solutions across North America, today announced that it has extended the expiration date of its exchange offer (the “Offer”) relating to certain outstanding WillScot warrants (the “Warrants”). As a result of [...]

More Stock Investors Doing Trading via Smartphones

More Stock Investors Doing Trading via Smartphones

SEOUL, Jan. 4 (Korea Bizwire) — Nearly 40 percent of last year’s stock trading in the secondary KOSDAQ market was done on smartphones, gradually phasing out transactions through computers and telephones, data showed Thursday. A daily average turnover of 291.48 million shares, or 39.6 percent of the total, on the tech-laden KOSDAQ was generated over [...]

Overseas Equity Funds Rising in Popularity

Overseas Equity Funds Rising in Popularity

SEOUL, Sept. 8 (Korea Bizwire) — South Korea’s publicly offered overseas investment funds are regaining popularity among local investors, data showed Friday, as they seek tax benefits and higher returns. According to the data by the Korea Financial Investment Association, the combined net worth of such funds came to 39.4 trillion won (US$34.9 billion) as [...]

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 [...]