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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.
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Nov 26, 2024 | 
kedglobal.com | Tae-Ung Bae
South Korean pension funds continued their buying spree on the Kospi market for a fourth month in a row in November, marking their largest net purchases on the main bourse for a single month, according the Korea Exchange. Those funds, led by the National Pension Service, have bought a net 1.8 trillion won ($1.2 billion) in shares listed on the Kospi since the start of this month through Nov. 26, the bourse operator said on Tuesday.
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Nov 3, 2024 | 
kedglobal.com | Sung-mi Shim |Tae-Ung Bae |Bo-Hyung Kim
South Korean investors are hoarding cash as Samsung Electronics Co., the world’s top memory chipmaker, huts local stocks and growing uncertainties over the US presidential election put pressure on Wall Street assets.
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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.
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Sep 22, 2024 | 
kedglobal.com | Sung-mi Shim |Tae-Ung Bae
Morgan Stanley’s recent view that the global chip industry faces an imminent winter and companies like SK Hynix Inc. will suffer is exaggerated and a projected oversupply of HBM, or AI chips, is unlikely in the near future, analysts said. In its Sept.
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Jul 31, 2024 | 
kedglobal.com | Tae-Ung Bae
Woori Financial Group has made its comeback to South Korea’s brokerage service market after a decade with the launch of Woori Investment & Securities Co. on Thursday. The brokerage arm combined online fund sales platform Korea Foss Securities Co. and Woori Investment Bank, the country’s last merchant bank dealing primarily in commercial loans and real estate project financing. Woori Financial acquired a majority stake in Korea Foss Securities in May of this year.
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Jul 10, 2024 | 
kedglobal.com | Tae-Ung Bae
The second-quarter rally of Samsung Electronics Co. and SK Hynix Inc. shares drove a value increase in the domestic stock asset held by South Korea’s National Pension Service (NPS), while battery and tech stocks in the pension fund’s portfolio declined. The world’s third-largest pension fund holds a 5% stake or more each in 283 listed companies in Korea, with the holding value reaching 155.9 trillion won ($112.6 billion) as of July 8, Seoul-based financial data firm FnGuide Inc. said on Wednesday.
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Jun 10, 2024 | 
kedglobal.com | Tae-Ung Bae
South Korean individual investors’ US stockholdings swelled to a record $82.19 billion as of early June amid the US stock market rally, while they dumped a net 11.5 trillion won ($8.4 trillion) worth of domestic stocks this year. Their holdings of Nvidia Corp. have nearly tripled to $11.9 billion as of June 7 since the start of this year, according to the Korea Securities Depository. The figure excluded their investments in US equity funds.
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Apr 21, 2024 | 
kedglobal.com | Tae-Ung Bae
South Korea’s National Pension Service (NPS) saw its stock holding value in domestic companies fall in the first quarter of this year, primarily led by sluggish battery-related shares, according to financial data analysis by FnGuide Inc. As of March 29, the state pension fund holds a 5% stake or more in each of 276 listed companies in Korea and the stock holdings in the firms are valued at 138.62 trillion won ($100.5 billion), according to FnGuide’s data last week.
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Mar 15, 2024 | 
kedglobal.com | Tae-Ung Bae
Activist funds arm in arm to demand higher dividends from Samsung C&T Corp. got defeated in a proxy fight against the de facto holding firm of Samsung Group as the lion’s share of its shareholders sided with the company. During Samsung C&T’s annual shareholders’ meeting on Friday, 77% of voting shares gave the nod to the company’s dividend plan to pay out 2,550 won ($1.92) per common share and 2,600 won per preferred share in cash.
