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Reporter : Anna J. Park
Mon, December 6, 2021 | 17:31
KakaoBank becomes 12th-largest market cap company on KOSPI
KakaoBank was listed on the KOSPI, Friday, in one of most expected IPOs of the year, and ended the day with a positive performance. The internet-only bank's initial price was set at 53,700 won at the beginning of Friday's session, 37.7 percent higher than the offering price of 39,000 won. Despite failing to reach its maximum possible start - a 200 percent jump - the stock con...
Korean millennials shift attention to US market
Local retail investors have recently started to invest more overseas, mainly driven by a “younger generation” searching for what they call “alpha” stocks or those that produce excessive returns.
Bankers disappearing amid full-scale digitization
The number of bank branches in the country is decreasing swiftly due mainly to accelerated digitization of banking services, and resultantly the number of bankers voluntarily leaving the country's five major banks during the first half of this year stood at over 2,600 - around one third of the entire number of bankers who have left the industry over the past decade.
Interpark shares soar on takeover expectations
Interpark's share price rallied again on Wednesday as investor sentiment continued to be lifted by expectations of the successful acquisition of Korea's first- generation e-commerce platform.
Foreign investors produce spike in short-selling
About three months have passed since short selling was partially resumed in early May, ending a 15-month temporary ban in the Korean stock market. It turns out that foreign investors' short-selling transactions have increased significantly, while the presence of local institutional investors has dwindled.
Lotte Rental's IPO targets corporate sustainability
Ahead of its initial public offering (IPO) plan, Lotte Rental said it will take a modest approach to avoid overvaluation.
Shinsegae's aims to go public early next year
Shinsegae Group's online platform is pushing for an earlier-than-expected initial public offering (IPO) next year, ahead of its original timeline that eyed late 2022 or early 2023.
KOSPI on course toward mild corrections in August
The benchmark Korea Composite Stock Price Index (KOSPI) is expected to continue undergoing corrections and move sideways in August amid the spread of the coronavirus' Delta variant, market experts forecast Sunday. This prediction follows sluggish performance driven by foreign investors' selling spree in July. The index finished at 3,202.32 Friday, the last trading day of July...
Daishin Securities urged to compensate 80 percent of Lime's mis-selling
The dispute settlement committee of the Financial Supervisory Service (FSS) ruled that Daishin Securities should compensate 80 percent of losses incurred by consumers from the brokerage's mis-selling of Lime funds. It is the highest percentage of compensation ever advised by the financial authority involving the soured fund.
KakaoBank's IPO craze contradicts shaky corporate valuation
For the first-time ever, a local securities company issued a “sell” recommendation for shares being newly offered through an initial public offering. Despite generating a huge buzz among investors, KakaoBank set the humiliating record, becoming the country's first IPO stock to receive the unprecedented “sell” opinion due to its offering price being overpriced, according to th...