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Finance

Markets

Wed, April 14, 2021 | 23:48

Foreign investors rake in local tech stocks ahead of short-selling resumption

Foreign investors are raking in Korean stocks this month on expectations that the market will remain bullish, as global interest rates as well as the so-called fear gauge or CBOE Volatility Index (VIX) are showing signs of stabilization. The robust first-quarter earnings performances of Korean tech, semiconductor and new energy companies, as well as a strengthening Korean won...

Anna J. Park | 2021-04-14 17:21

Hanwha chief's brother-in-law behind SillaJen, Mason Capital deals

Leadcorp Chairman Seo Hong-min, the younger brother of Hanwha Group Chairman Kim Seung-youn's wife, Seo Young-min, has been the focus of attention recently, as the nation's third-largest private money lender he owns has been cited as the cash supplier for buyers of two troubled Kosdaq-listed companies - SillaJen and Mason Capital.

2021-04-14 15:45

Grab to list in US via $40 billion merger with Altimeter Growth

Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. That would make it the largest SPAC merger ever, more than double current record-holder United Wholesale Mortgage's $16 billion merger in...

2021-04-14 10:11

SKT's spin-off plan boosts stock price

Ahead of SK Group's restructuring plan expected to be announced later this week, the stock price of SK Telecom (SKT) - Korea's largest mobile operator - soared 6.01 percent Tuesday to set a 52-week record after closing trading at 300,000 won ($266.4).

Anna J. Park | 2021-04-13 16:59

Cryptocurrencies: $2-trillion market

The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it increasingly attracts interest from big names on Wall Street. As digital currency exchange Coinbase prepares to list Tuesday in New York, AFP takes a look at a sector built from scratch just 12 years ago.

2021-04-13 14:56

Financial big data-focused COOCON to go public later this month

COOCON, the country's top financial big data provider, is set to make its IPO debut on the tech-heavy KOSDAQ later this month, aiming to grow into a major global player of the big data platform business.

Anna J. Park | 2021-04-12 16:55

LocknLock union may thwart Affinity's exit plan

The LocknLock union formed earlier this month has emerged as a major stumbling block to Affinity Equity ...

2021-04-12 15:25

Why 'Kimchi premium' is of no concern to local investors

Ahead of the much-anticipated public listing of U.S.-headquartered cryptocurrency exchange Coinbase last week, one of the frequently talked-about issues in Korea's crypto trading circle has been the so-called “kimchi premium” - the price gap between cryptocurrencies on Korean and foreign exchanges.

Anna J. Park | 2021-04-11 21:19

Venture capital firms to see heydays continue

Most venture capital firms in Korea achieved record-high earnings as well as impressive year-on-year growth last year thanks to bullish stock markets and an IPO boom. The stellar performance was seen in both major players like Korea Investment Partners - a venture capital subsidiary of Korea Investment Holdings - and much smaller ones as well.

Anna J. Park | 2021-04-11 16:32

'Self-made' individuals gain prominence among stock rich

Up to one in four stock rich individuals are retail investors, according to two separate financial institutions, suggesting the “self-made” are expanding their presence among heirs of conglomerates and others who gain their fortunes through inheritance. FnGuide, a financial market researcher, said Sunday the number of retail investors with shares worth more than 10 billion wo...

2021-04-11 16:30

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