Han-shin Park

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Latvian President Rinkēvičs seeks closer ties with S.Korea in bio, defense

Nov 29, 2024 | kedglobal.com | Han-shin Park |Tae-Ung Bae |Jin-gyu Maeng

Latvian President Edgars Rinkēvičs, who is on a four-day working trip to South Korea from Wednesday, said on Friday he hopes for deeper cooperation between the two countries in the pharmaceutical, biotechnology, defense and advanced manufacturing sectors. “Latvia is a European biotech hub and Korea has a rapidly growing biotech industry. If we cooperate, we can generate significant synergy,” he said in an interview with The Korea Economic Daily.
Samsung Electronics to buy back $7.2 bn in shares - KED Global

Nov 16, 2024 | kedglobal.com | Jeong-Soo Hwang |Han-shin Park

Samsung Electronics Co. will buy back 10 trillion won ($7.2 billion) in shares over a one-year period to prop up its share price, which has plunged more than 30% this year to the level of its liquidation value. On Friday, the world’s largest memory chipmaker announced the share repurchase plan in its first buyback program since repurchasing 9.3 trillion won in shares between 2017 and 2018. It will be carried out in phases, starting next week.
S.Korean investors US stock holdings surpass $100 bn - KED Global

Nov 10, 2024 | kedglobal.com | Han-shin Park

The US stock holdings of South Korean individual investors surpassed $100 billion for the first time, driven by a sustained rally in the US markets and the re-election of former President Donald Trump. According to data from the Korea Securities Depository, the value of US stocks held by Korean investors stood at $101.36 billion (141.7 trillion won) as of November 7.
MSCI Korea Index adds Hyundai Rotem - KED Global

Nov 6, 2024 | kedglobal.com | Han-shin Park

MSCI announced on Wednesday that South Korea's Hyundai Rotem Co. will be added to the Morgan Stanley Capital International (MSCI) Korea Index. The seven companies, including Celltrion Pharm Inc., Cosmo Advanced Materials, Hanwha Solutions Corp., Hyundai Steel Co., Hyundai Engineering & Construction Co., KT Corp., and Kumyang Co. will be removed. The adjustments will bring the total number of index components to 92, effective November 26, based on the November 25 closing prices. MSCI Inc.
KRX launches Korea Value-up Index to enlist 100 best practice firms

Sep 24, 2024 | kedglobal.com | Han-shin Park |Sung-mi Shim |Tae-Ung Bae

South Korea’s securities exchange operator, Korea Exchange, launched a new corporate value-up index on Tuesday, a key plank for the government’s push for better corporate governance and improved shareholder returns. The Korea Value-up Index is composed of 100 listed “best practice” companies, including big-cap blue-chip companies such as Samsung Electronics Co., SK Hynix Inc., Hyundai Motor Co. and Kia Corp.
Korea’s retail investors buy stocks on dips in turmoil

Aug 13, 2024 | kedglobal.com | Ik-Hwan Kim |Han-shin Park

South Korea’s individual investors took the recent turmoil in stock markets as chances to buy shares at home and abroad on dips, betting a rebound on the looming interest rate cuts. Domestic retail investors purchased a combined net 3.8 trillion won ($2.8 billion) in Seoul stock markets and $346.2 million in overseas markets on Aug. 1-9, according to the Korea Exchange and the Korea Securities Depository on Monday.
S.Korean stocks log largest daily loss since pandemic

Aug 2, 2024 | kedglobal.com | Han-shin Park

South Korean stock market dropped more than 3% on Friday to breach the psychologically important barrier of 2,700 in almost two months, after weak US jobs and manufacturing data stoked fears of a possible recession, prompting massive selling by foreign investors. The Kospi slid 3.67% to close at 2,676.19 on Friday, its lowest finish since June 4 when it ended at 2,662.10. The index erased 7.4% from its 2024 high of 2,891.35 recoreded last month.
NH Investment selected as UN GCF manager - KED Global

Jul 18, 2024 | kedglobal.com | Han-shin Park

South Korea's NH Investment & Securities announced on Thursday that it was selected as the first Asian securities firm to manage the Climate Tech Fund under the Green Climate Fund (GCF), affiliated with the UN. The GCF, established to support greenhouse gas reduction funding in developing countries, aims to expand participation in climate projects in five Southeast Asian countries (Vietnam, Indonesia, the Philippines, Cambodia, and Laos) through this program.
Korea's Tesla ETFs, construction, defense stocks up as Trump trades

Jul 15, 2024 | kedglobal.com | Han-shin Park

Investors in the South Korean stock market rushed to stocks linked to former US President Donald Trump on Monday, such as construction, nuclear power and defense and exchange-traded funds (ETFs) with Tesla Inc. as the odds of his winning back the White House rose after the shooting at him in the election rally last Saturday.
Growing controversy over call to share profits for using wind energy

Apr 15, 2024 | kedglobal.com | Han-shin Park |Jung-hwan Hwang

Renewable energy companies in South Korea are facing growing pressure to share their profits from generating electricity with wind or solar energy, brewing up controversy that this would make private energy businesses hesitant to invest in renewable energy production in the country.