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 [...]
SEOUL, Nov. 2 (Korea Bizwire) – The latest report from the Korea Capital Market Institute (KCMI) revealed that the Q2 2016 balance of overseas stock investment by domestic residents was $159.3 billion, an almost four-fold increase since Q1 2009, shortly after the 2008 financial crisis. According to the institute, the trend was largely driven by [...]
SEOUL, Sept. 12 (Korea Bizwire) – Korea’s entertainment industry has been among the most affected by the government’s recent decision to deploy a THAAD battery, and it has resulted in losses of billions of won for stock-rich celebrities with large stakes in entertainment companies. According to Chaebol.com, a market research firm, the total stock assets (as [...]
SEOUL, Aug. 22 (Korea Bizwire) – Market players in South Korea have placed mixed bets on shares of Samsung Electronics Co. this month, with foreigners remaining a net seller of the stock while local institutional investors keep buying it. Shares of Samsung hit an all-time closing high of 1,675,000 won (US$1,492) last Friday. The stock [...]
SEOUL, Aug. 19 (Korea Bizwire) – South Korean shares hit this year’s new high on Friday, led by the continued rally of the top cap Samsung Electronics. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) gained 0.77 point, or 0.04 percent, to 2,056.24. Samsung Electronics climbed 2.13 [...]
SEOUL, August 3 (Korea Bizwire) – With interest rates remaining at record lows for an extended period of time, the popularity of alternative investments is on the rise. These alternative investments – assets other than the typical stocks, bonds, or cash – have the potential to yield high returns, at the cost of increased risk compared [...]