본문 바로가기

stockmarketinkorea

LG Chem to spin off its battery business - Economy news in South Korea LG Chem (LG 화학 in Korean) will spin off its battery business unit which is a globally leading division in EV (Electric Vehicles) power market. The spinoff of its battery unit is approved in the Board of Directors Meeting on Thursday and a new subsidiary of LG Chem will be tentatively named "LG Energy Solution (엘지에너지솔루션(가칭) in Korean)". A new entity, LG Energy Solution will be a wholly owned subs.. more
Kakao Games surged in their market debut on KOSDAQ Kakao Games (카카오게임즈 in Korean), the gaming developing unit of Kakao (Mobile messenger) in South Korea, surged in their market debut on the tech-heavy KOSDAQ on Thursday. South Korea's Kakao Games have been trading at more than double of its initial public offering price shortly after trading began. The shares of Kakao Games started trading at 48,000 KRW ($40.49), twice the initial public offerin.. more
Major firms in Korea buy back shares to boost market confidence As South Korea's stock market has been suffering by the spread of Coronavirus, major listed firms decided to buy back their own shares to assure investors. The active purchase of their own shares are showing the confidence of their business development and the willingness to overcome this market crisis. 51 executives in Posco group have purchased a total number of 16,000 shares that are worth 2... more
Circuit breaker activated on KOSPI, KOSDAQ South Korea's stock market plunged over 8 percent during the trading on Thursday and the circuit breaker was activated in both KOSPI and KOSDAQ markets. The main (KOSPI) and secondary (KOSDAQ) markets in South Korea were suspended for 20 minutes. KOSPI fell to 1461.51 points which is 40.33 points (8.31%) dive from the previous trading day. [NEWS: What's happening in Korea?] - Coranavirus cases i.. more
The KOSPI plunged nearly 4 % - Stock market in Korea The KOSPI crashed and plunged nearly 4.09% to 1,830.17 points at 11:00 a.m. on Thurday. This shows the lowest level since February 17th, 2016. Especially, individuals, foreigners and overseas investors continue to sell stocks. This decline is mainly due to the World Health Organization (WHO)'s declaration that the Coronavirus outbreak can be characterized as a pandemic and uncertainty of US fina.. more