Page 2 - Jung Eui News Today

POSCO shareholders get lower than expected dividends

May 3, 2021 Retail traders who drove record gains in South Korean stocks during the darkest days of the pandemic have been bracing for a new threat — the return of institutional players betting on share-price declines. The world’s longest ban on short-selling stocks came to an end Monday, with stocks fluctuating between gains and losses. Nevertheless, the end of the ban has individual investors scrambling for strategies to protect their portfolios. Some have cashed out large chunks...

World’s Longest Short-Selling Ban Coming to an End in Korea Bloomberg 2 hrs ago Youkyung Lee (Bloomberg) -- Starting next week, investors in South Korea will be able to short sell the nation’s biggest stocks as Seoul ends the world’s longest pandemic-imposed ban on the trading strategy. That’s much to the dismay of retail traders, who now dominate the local market. Popular Searches On May 3, Korea is set to partially lift the ban it imposed in March last year on the ke...

South Korea’s army of retail investors is declaring war on the shortest sellers Jung Eui-Jung, a former employee of the South Korean bank, recalls his grim experience as a stockbroker more than a decade ago when he lost a small metal band he invested when he lost Won25m ($ 22,000). “It’s a past I want to forget. Back then, I didn’t have much of a chance to get information. I would get lost in an environment that is biased against amateur traders, ”said the 62-year-old head of the Kore...

Feb 23, 2021 09:59 AM EST Sadly, Park Hye Soos school bullying issue has caused the cancellation of various promotional activities for her upcoming drama "Dear M."  (Photo : KBS official Instagram (kbsdrama)) Park Hye Soos School Bullying Allegations The internet was set abuzz with the bullying allegations thrown against Park Hye Soo. The actress had recently been accused of school violence by a group that calls themselves her victims. This issue started on Feb. 20 when an anonymous person sha...

N.Flyings Seunghyub will appear as a guest on the upcoming episode of Yoo Hee Yeols Sketchbook.According to media reports on February …

By Lee Kyung-min The U.S. GameStop saga is unlikely to materialize in Korea, due largely to a tighter financial market system where small retail investors have limited influence in spiking up share prices through short-selling, according to market watchers, Wednesday. The much-politicized investment method is widely used by foreign and institutional investors seeking profit after selling borrowed shares at a lower price in a bear market at the expense of retail investors. Melvin Capital Manage...

In the U.S., small investors have defied short-sellers by banding together online, renting billboards in Times Square and even flying banners from planes; in Korea, they are driving a bus.

Short Sellers Under Siege Everywhere Have It Really Bad in Korea Bloomberg 1/29/2021 In South Korea, the government is piling on too. Lawmakers who oversee the country’s $2 trillion stock market are discussing plans to extend one of the world’s longest bans on short selling, amid pressure from mom-and-pop punters who drive more than two thirds of daily trading. Calls to make the 10-month ban permanent are mounting. More than 203,000 people have signed a petition imploring President Moon J...