SEOUL, May 14 (Korea Bizwire) – Penny stocks have been losers on South Korea’s main bourse this year, while stocks with higher prices have tended to be more profitable, data showed Sunday. According to the main bourse operator Korea Exchange, 19 stocks with a price tag below 1,000 won (US$0.89) posted a loss of 4.04 [...]
SEOUL, March 21 (Korea Bizwire) – South Korean listed companies’ dividend payouts hit a fresh high in 2016 as large caps increased payments to meet stockholders’ demand, data showed Tuesday. According to the data by the Korea Exchange (KRX), 517 out of the 746 companies listed on the main KOSPI market paid out a combined [...]
SEOUL, March 14 (Korea Bizwire) – The combined market capitalization of South Korean stocks held by foreigners has exceeded 517 trillion won (US$449 billion), hitting an all-time high, data showed Tuesday. Foreigners have purchased a net 4.62 trillion won worth of shares here this year alone, helping drive up the benchmark index KOSPI to 2,133.79 [...]
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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Jan. 20 (Korea Bizwire) – Shares of entertainment and media content company CJ E&M have been flying high, about the only gainer in the industry hit by China’s move to restrict imports of South Korea’s cultural material, market data showed Friday. The company’s stock, listed in the secondary market KOSDAQ, closed at 87,200 won [...]
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 [...]
SEOUL, Nov. 10 (Korea Bizwire) – Shares of Samsung BioLogics, a biopharmaceutical unit of Samsung Group, made a strong market debut on Thursday trading above its initial public offering price. Samsung BioLogics was changing hands at 136,500 won (US$118) as of 9:20 a.m., above the IPO price of 136,000 won. Its market capitalization was some [...]