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S. Korea’s remdesivir-themed stocks surge amid US FDA approvalMarketsOct 23, 2020Remdesivir-related South Korea’s bio firms’ stocks skyrocketed Friday, after the US Food and Drug Administration approved Gilead Sciences’ antiviral drug as a treatment for the coronavirus overnight.... -
Kyochon F&B set for November IPO on KospiMarketsOct 22, 2020Kyochon F&B, South Korea’s largest fried chicken franchise, will make its market debut on the nation’s main bourse Kospi next month to raise as much as 71.34 billion won ($62.85 million), its chief e... -
Shared office operator Sparkplus eyes IPO next yearMarketsOct 20, 2020Local office space sharing firm Sparkplus is gearing up for an initial public offering next year, according to company officials on Tuesday. As the company plans to make its debut on the nation’s te... -
Ottogi, AhnLab among money-losing investors in Optimus fundsMarketsOct 19, 2020About 60 local listed firms, state-run companies and major universities had invested in the scandal-ridden Optimus funds that have lost more than 5 trillion won ($4.38 billion) so far, according to l... -
Retail investors perplexed as BTS agency stocks declineMarketsOct 18, 2020Retail investors who bet on Big Hit Entertainment, the agency of K-pop group BTS, face high volatility, as foreign and institutional investors dumped shares to take profits on the new stock. The com... -
Foreigners scoop up W350b worth of Naver, Kakao shares in OctoberMarketsOct 18, 2020Foreign investors purchased over 350 billion won ($306 million) worth of South Korean internet giants Naver and Kakao’s shares in October amid their strong preference for growth stocks in emerging ma... -
BTS' label becomes Korea's largest entertainment company in strong market debutMarketsOct 15, 2020The founder and creator of Big Hit, Bang Si-hyuk, became the eighth-richest stockholder in the country, pushing past Hyundai Motor Group Chairman Chung Euisun, market data showed. The music producer... -
High-income earners dodge national pension subscriptionEconomyOct 14, 2020The amount of national pension premiums unpaid by high income-earners in South Korea totaled nearly 1 trillion won ($871 million) as of June this year, data showed Wednesday. According to a report f... -
KB, SC Bank, Mirae Asset Daewoo get top grades in governance, ESGMoneyOct 14, 2020Standard Chartered Bank Korea, KB Financial Group and Mirae Asset Daewoo were recognized for their best practices in corporate governance and ESG management, respectively, the companies said Wednesda... -
NTS returns W300b tax to overseas funds after losing lawsuitsEconomyOct 13, 2020South Korea’s tax agency has returned over 300 billion won ($260.89 million) of corporate tax to overseas funds over last five years, after losing lawsuits related to tax returns. According to data... -
Foreign investment banks slash growth forecasts for S. KoreaEconomyOct 12, 2020Major foreign investment banks have revised down their economic growth forecasts for South Korea with the resurgence of the coronavirus slowing the country’s economic recovery, data showed Monday. N... -
Finance minister considers easing ‘large shareholder’ standardsMarketsOct 8, 2020Amid fierce backlash from retail investors on the Korean government’s major shareholder standards, the Finance Ministry is currently mulling to alter its plan to define retail investors with shares w... -
CEOs of 3 brokerage firms informed of disciplinary action over Lime fiascoMarketsOct 7, 2020South Korea’s financial watchdog has informed top executives at three securities firms of its plan to impose disciplinary action over the misselling scandal involving Lime Asset Management, according... -
W58.4tr flows into BTS agency’s stock preordersMarketsOct 6, 2020Big Hit Entertainment, the agency behind K-pop sensation BTS, closed a two-day retail subscription Tuesday for its long-awaited initial public offering. Retail investors had submitted some 58.42 tril... -
Retail investors rush to submit deposits for Big Hit’s public subscriptionMarketsOct 5, 2020Retail investors had submitted some 8.62 trillion won ($7.43 billion) in deposits during the first day of the two-day preorder session for stocks of Big Hit Entertainment, the agency behind K-pop sen...
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05Two Koreas look toward new relationship with Biden
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