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South Korean securities firms have forecast the local stock market to fare better in 2020 on hopes of eased US-China trade tensions and other positive factors, sources said Nov. 7. Nine brokerage houses have predicted the benchmark Kospi to reach an average of 2,177 points for next year, according ...
Anticipations for South Korea’s privately-held biopharmaceutical company Vivozon are boosting the trading volume on the over-the-counter bourse -- dedicated to unlisted stocks -- to its record parade.According to the Korea Financial Investment Association, an operator of K-OTC, its i...
Of nearly 2,300 South Korean firms listed on the Korea Exchange, two companies logged operating losses for two consecutive years and at the same time saw their dividend yield exceed 5 percent, according to recent data.These were express bus line operator Chunil Express and traditional rice wine make...
Hanwha Systems said Nov. 1 it plans to raise 402.6 billion won ($344.9 million) in its initial public offering as it received a lukewarm reception from institutional investors. The IPO of the ICT arm of defense-to-financial conglomerate Hanwha was earlier touted as possibly fetching up to 460 billio...
The cross-investment agreement Oct. 28 between South Korea’s No. 1 telecommunication firm SK Telecom and internet giant Kakao to exchange common shares valued at a total of 600 billion won ($513.4 million) is expected to lead to their mutual growth. with a positive response from analysts....
Hong Kong-based asset management firm Value Partners is looking to pool money from retail investors and high net worth individuals in South Korea into its flagship high dividend fund by teaming up with Seoul-based Hanwha Asset Management. Hanwha Asset said Oct. 18 it would join hands with Value Part...
Top officials of Lime Asset Management vowed to normalize liquidity of the fund’s portfolio assets worth a combined 846.6 billion won ($713.2 million) in a plan that might take more than a year for some of its end-investors to have their money back, at a press conference held Oct. 14.On the sa...
Korea Exchange, South Korea’s stock market operator, said Oct. 11 it would defer its delisting decision for pharmaceutical firm Kolon TissueGene by 12 months. Kolon TissueGene shares have been suspended from trading on the Kosdaq since late May. Kolon Group’s US gene therapy arm has...
There are growing investor concerns as South Korea’s largest hedge fund Lime Asset Management has declared to cease to have its funds redeemed over the past few weeks in order to address liquidity. Some 620 billion won ($518.5 million) in over 150 investment funds will be frozen even when they...
South Korean biotechnology company Helixmith hit the price ceiling on Oct. 7 as the company announced results demonstrating the long-term safety and efficacy of its flagship DNA plasmid gene therapy VM202 for diabetic peripheral neuropathy patients in a phase 3-1b extension study earlier the same da...
Not all capital gains from financial investments are subject to taxation under the tax rules in South Korea, as the financial market here has seen more sophisticated products.Futures and options, excluding four benchmarking Kospi 200 stocks, are not subject to taxation under the capital gains tax co...
The accumulated volume of transactions on South Korea’s flagship over-the-counter securities trading market K-OTC has topped 2 trillion won ($1.7 billion) mark as of Sept. 20.Korea Financial Investment Association, an operator of K-OTC Market, cited an increasingly favorable condition for secu...
South Korea’s leading businesses are increasing their presence on Dow Jones indices, indicating improvement in the sustainability of companies from Asia’s fourth-largest economy, according to the firms on Sept. 15. SK Telecom, the country’s biggest mobile carrier, said it has...
The first-half net income of South Korea’s three major pension funds surged as the strong US dollar against the local currency and an intensifying global rate cut parade boosted returns on overseas equity investments, data showed on Aug. 30.Korea’s state pension fund logged a 7.2 percent...
US investment guru Jim Rogers has been appointed on the board of directors of South Korea’s fire truck maker Nanomedics, in the company’s move to venture into the graphene business with Ulsan-based Standard Graphene. According to a disclosure on Aug. 12, Rogers and Standard Graphene CEO ...
Korean Air to expand flights to pre-pandemic levels
Igis to create fancy office complex in central Seoul
K-water to share know-how with Vietnam
Asiana Airlines wins data transfer certification in China
Celltrion's Zymfentra makes US debut
Kumho Tire to make EV push with EnnoV rebrand