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Korean stocks are expected to remain range-bound after the long Lunar New Year weekend that runs from Feb. 9 to 12, as investors will be cautious about buying more shares until the government’s plans to boost undervalued stocks materialize, according to analysts. ....
The government is accelerating its tax cut drive, even after its eased tax policy last year failed to generate sufficient tax revenue and instead is estimated to post a record tax shortfall of nearly 60 trillion won ($44.89 billion). ....
Model Solution, a prototyping services solution subsidiary of Hankook & Company Group, was listed on the Kosdaq market, Friday, the first among the high-tech prototype industry players to make a local stock market debut, the company said. After being acquired by Hankook & Company in 2018, Model Solution has since registered an annual average increase of 14 percent in operating profit. ....