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Reporter : Anna J. Park
Sun, October 24, 2021 | 04:41
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...
Blackrock, GIC eyeing Krafton IPO
Major foreign institutional investors turned out to have joined a stock allotment subscription for the Korea-headquartered global game company Krafton's IPO set for Aug. 10.
Korea's National Tax Service pledges cooperation with Russia and Uzbekistan
In a move to strengthen concerted efforts for international coordination, Korea's National Tax Service (NTS) pledges to cooperate closely with Russia and Uzbekistan, particularly in preventing double taxation and in uncovering offshore tax evasion.
Paperless banking
MG Community Credit Cooperatives has started a pilot program running “paperless counters” where no paper is used and every document is processed digitally. The pilot program is being operated at two branches in Seoul, and is slated to be expanded to every branch nationwide. Courtesy of MG Community Credit Cooperatives
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