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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...
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 ma...
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...
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...
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 securi...
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 been included on t...
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 return...
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 Lee J...
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 countr...
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 plans f...
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 wi...
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), th...
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...
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 t...
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