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Foreign investors remained net buyers of South Korean stocks for a second month in July while withdrawing funds from the bond market for the first time in five months, the country’s financial watchdog said on Aug. 12.Overseas investors bought a net 2.05 trillion won ($1.69 billion) of the coun...
Kid contents maker CarrieSoft said Aug. 7 it has dropped its plan for an initial public offering on South Korea’s secondary bourse Kosdaq this month, amid recent market volatility that weighs on investor sentiment.“Taking into account the latest economic conditions, we are canceling our ...
The high degree of South Korean firms' stock holding by venture capitalists has dragged down their shares in the first month after going public, data showed on Aug. 6. Such investors, who primarily seek financial gains instead of strategic partnerships, are highly likely to sell off their stake with...
Weighed down by risks including business license revocations on key products, South Korea’s pharmaceutical sector saw its market capitalization shed over 4 trillion won ($3.4 billion) during the first half of this year, data showed on July 14.According to bourse operator Korea Exchange (KRX), ...
Korea Exchange on July 5 unveiled a timeline to discuss whether to delist troubled gene therapy developer Kolon TissueGene in a disclosure. Kolon TissueGene has fallen under the case where details falsely entered or omitted in documents pertaining to its listing or listing maintenance review are imp...
Korea Exchange (KRX) said on July 3 that two South Korean investment banks will be restricted from sponsoring initial public offerings of a foreign company until November 2020 due to the uproar surrounding a listed firm’s troubled product Invossa and its impact on the domestic stock market.The...
Shares of Hanjin KAL, the holding company of Hanjin Group, continued to extend losses on June 24 as investors who bet on the firm’s escalating battle with a local activist fund are offloading them, analysts said. Investors are selling shares of Hanjin KAL, the parent company of Korean Air, as...
The volume of capital raised through initial public offering in the South Korean stock market surpassed 1 trillion won ($863 million) in the first half of the year, data from the Korea Exchange showed on June 23, with NH Investment & Securities leading the way among underwriters. Some 1.09 trill...
S.M. Entertainment, South Korea’s largest K-pop powerhouse by market cap, is at a crossroads having to decide on taking action ahead of a deadline issued by an activist investor to merge with another firm owned by founder and Executive Producer Lee Soo-man.S.M. must respond by June 20 to these...
South Korea’s stock market operator, the Korea Exchange, is expected to review high-frequency algorithm trading by Citadel Securities on allegations that it breached fair trade rules. KRX will also discuss disciplinary action against the Seoul branch of Bank of America Merrill Lynch for its fa...
The stock price of Studio Dragon has fluctuated over the course of this week as the K-drama blockbuster “Arthdal Chronicles” draws mixed reactions from viewers and stock investors alike.Analysts have joined the race to cut the target price of Studio Dragon since earlier this week, while ...
LG Uplus shares fell on June 7, following remarks by the US ambassador on network security. US Ambassador to South Korea Harry Harris warned on June 5 that it was important for countries to work with reliable 5G equipment suppliers, looking beyond “short-term” cost-cutting benefits. The ...
South Korea’s main bourse Kospi posted a weak return rate of 0.03 percent since the beginning of the year, data from the Korea Exchange showed Sunday, putting the bourse near the bottom rank among its G20 counterparts. According to the KRX, the Kospi’s rate of return stood at a lackluste...
South Korean investors are turning their attention to foreign stocks, with local shares continuing to yield disappointing results amid the benchmark Kospi’s lack of long-term movement. The nation’s benchmark Kospi index inched up nearly 7 percent from the beginning of the year as of May 16, but is...
California-based construction firm Exbon Development is seeking an initial public offering on South Korea’s second-tier bourse Kosdaq by the second half of 2020, its IPO underwriter Hana Financial Investment said on April 30.This comes a month after Exbon selected the Seoul-based investment house a...
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