Yeouido Yonhap News Today

Nearly 70 percent of the Korean companies listed on the benchmark KOSPI are valued at less than their liquidation value, data showed, Wednesday, highlighting concerns over the chronic “Korea discount” or tendency for stocks listed on the bourse to be traded at a discount compared to other markets.

EcoPro, JYP, Hanwha Ocean and Hanmi Semiconductor suffered sharp declines on Monday, returning part of their recent gains driven by earlier expectations over their much-awaited inclusion in the MSCI Korea Index.

Local brokerage companies have begun to prohibit customers from opening new accounts for trading contracts for difference (CFD) - a financial derivative product tied to the difference in price of a contracts opening and closing prices - following a recently-revealed stock price manipulation scam involving eight local stocks, including Samchully, Daesung Holdings and Daou Data.

Local brokerage companies have begun to prohibit customers from opening new accounts for trading contracts for difference (CFD) - a financial derivative product tied to the difference in price of a contracts opening and closing prices - following a recently-revealed stock price manipulation scam involving eight local stocks, including Samchully, Daesung Holdings and Daou Data.