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South Korean investors holding $550.3 million worth of shares in Chinese drone maker EHang Holdings appear to be left in disarray as the Nasdaq-listed firm’s stock price plummeted on a short seller report on Feb. 16. EHang Holdings was the ninth-largest stock listed on the United States bourse to...
The nickname “ants” has been used to describe South Korean retail investors, as a diligent but minor group seeking profit from the market with little in the way of knowledge or funds. The recent stock craze that pushed up the nation‘s main bourse Kospi, however, shows how those minor players are...
South Korean benchmark indexes continued to be on an upbeat note on May 20, following the government’s additional economic measures to counter the ongoing coronavirus crisis. The nation’s main bourse Kospi rose to a high of 1,992.20 points in intraday trading, up 0.59 percent from a day earlier...
Doosan Heavy Industries & Construction said on Dec. 12 that it would delist its loss-making apartment builder arm Doosan Engineering & Construction from the Korea Exchange’s main board Kospi and wholly own the company. Holding 82.47 percent of Doosan E&C’s voting rights, Doosan Heavy will car...
US-based cancer immunotheraphy developer OncoSec is fighting tooth-and-nail to go through with its proposed takeover by a Chinese entity that its South Korean stakeholder Alpha Holdings is allegedly trying to sabotage. On Dec. 2, OncoSec sent a letter to shareholders slamming Alpha for misleadin...
South Korean investors have increased their investments in overseas funds in recent weeks, as they seek to escape from heightened stock volatility stemming from global trade issues, data showed Nov. 24. According to the Korea Financial Investment Association, nearly 4,700 overseas funds created an...
Amid a sluggish stock market, the top three South Korean conglomerates -- Samsung, SK and Hyundai Motor Group -- saw their market capitalizations rise this year, while values of the other top 10 plunged in the same period, data compiled by a local market tracker showed. According to FnGuide, the...
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, accord...
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 intraday mark...
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...
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 bill...
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. The...
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 Pa...
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 same...
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 been under...
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