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With Donald Trump winning the US presidential election, the “Trump trade” flowed into the South Korean stock market, with shares of defense and shipbuilding firms surging. The value of the local currency against the US dollar dropped to a two-year low. Shares of defense companies jumped, with in...
Coupang founder and CEO Bom Kim announced on Thursday plans to sell 15 million shares valued at some $360 million — his first sale since Coupang’s New York Stock Exchange debut on March 15, 2021. He also plans to donate an additional 2 million shares to charity. Kim currently owns 174,802,990 Cl...
Korean platform companies are increasingly setting sights on US listings as the domestic stock market loses momentum. Viva Republica, the operator of financial app Toss, recently paused its initial public offering plans in Korea to explore a US listing instead. “We are considering the US as our ...
Viva Republica, the company behind popular financial app Toss, is now aiming for a US market debut, pivoting from its initial plan to list in Korea. “We are considering the US as our listing destination over Korea, but no specific plans or timeline have been set,” a Viva Republica official said ...
Arbitration can be a powerful tool to resolve the rising number of disputes related to private equity investments, according to a seminar jointly hosted by leading law firms from South Korea and the US. Kim & Chang, South Korea’s leading law firm, and US law firm Debevoise & Plimpton held a joint...
South Korea's internet-only K bank will postpone its stock market debut to next year, due to insufficient demand. On Friday, K bank announced it is pushing back its initial public offering, which was originally scheduled for Oct. 30, to early next year. The bank also disclosed that it has filed to...
Samsung Electronics, South Korea’s largest chipmaker, has seen its market cap shrink by a staggering 90 trillion won ($66.6 billion) since September, largely driven by a sustained selling spree among foreign investors. According to the Korea Exchange on Sunday, foreigners have net sold 10.6 trill...
Various events were held for the attendees on the sidelines of the forum. On the first day, private bankers at Hana Club1, a private members club exclusively open to wealthy customers at Hana Bank, met with the attendees to provide one-on-one consulting on asset management. The second day also fea...
Despite clear signs of slowing inflation, market sentiment remains mixed regarding whether South Korea's central bank will follow the US Federal Reserve to pivot toward lowering rates this month. Statistics Korea reported that the consumer price index — a key measure of inflation — rose 1.6 perc...
In recent years, both sides of the political spectrum have voiced the need to repeal the stock transactions tax as it could help boost the domestic equity markets. Finance Minister Choi Sang-mok recently said during a debate hosted by the Kwanhun Club, an association of senior journalists that the...
Local retail investors experienced significant losses from Korean shares in the third quarter while foreign investors fared relatively well amid the Kospi’s bearish trend in the period, market data showed on Thursday. According to the Korea Exchange, the most purchased stock by South Korean retai...
The Korean equity market reacted to the launch of an index developed to address domestic companies' undervaluation with investors showing a preference for stocks included in the new index. Following the Korea Exchange’s unveiling of the Value-up Index, comprised 100 Korean stocks with stellar cor...
Global investment bank Morgan Stanley has come under the scrutiny of local authorities, following the suspicious execution of a sell order on SK hynix shares made before releasing a bearish report on the chip giant’s outlook. On Sept. 15, during the Chuseok holiday, Morgan Stanley’s Asia-Pacific...
The local stock market is likely to remain stuck on growth for the time being, reflecting the woes of the US economy, market analysts said. They also advised investors to build up a defensive portfolio to respond to high volatility. The local bourse has remained sluggish in recent days, coupled wi...
Korean investors dump Kospi, flock to US stocks despite strong dollar
Hanwha sets up financial AI center in San Francisco
Korea, Indonesia strengthen partnership in general insurance
Cheaper Chinese chips hamper profit outlook for Samsung, SK hynix
Chinese battery makers gobble up Korean shares
Global talent market expands as professionals eyes abroad