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State Pension Fund Enjoys Huge Returns from Early Investment in Tesla

State Pension Fund Enjoys Huge Returns from Early Investment in Tesla

SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s state pension fund is estimated to have chalked up massive profits from its holdings of shares in electric vehicle leader Tesla Motors Inc. with the share price rising at an explosive pace in recent years. The National Pension Service (NPS) made its first disclosure that it owned [...]

S. Korean Retail Investors’ Tesla Holdings Top US$10 bln

S. Korean Retail Investors’ Tesla Holdings Top US$10 bln

SEOUL, Jan. 25 (Korea Bizwire) — South Korean retail investors’ holdings of shares in electric vehicle leader Tesla Motors Inc. soared nearly 32 percent this year to cross the US$10 billion mark, data showed Monday. Local individual investors owned $10.33 billion worth of Tesla shares as of Friday, up 31.9 percent from the end of [...]

Tesla, Apple Most Popular Foreign Stocks to Pass on to Children

Tesla, Apple Most Popular Foreign Stocks to Pass on to Children

SEOUL, Dec. 23 (Korea Bizwire) — South Korean investors have picked Tesla and Apple as the most popular foreign stocks to pass on to their children. Major South Korean brokerage house Samsung Securities Co. held an online conference on Saturday through its official YouTube channel and carried out a survey with a group of local [...]

Korean EVs at Risk as Tesla Announces Cheaper Model

Korean EVs at Risk as Tesla Announces Cheaper Model

SEOUL, Sept. 28 (Korea Bizwire) — Prices of domestic electric vehicles (EVs) are gaining attention following Tesla Motors Inc.’s recent announcement that it will come up with a new EV model that costs as little as US$25,000 within the next three years. Experts expect that domestic EV manufacturers will need at least four or five [...]