Retail investors to hold rally to protest stock trading income tax koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
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.
Small individual investors, angered by the recent illegal short selling practices of BNP Paribas and HSBC, have called for more stringent measures to prevent a recurrence, even in the face of potentially record-high fines.
Daou Kiwoom Group Chairman Kim Ik-rae has angered investors with his suspicious sales of Daou Data shares, shortly before the stock s abrupt decline. It remains unclear whether Kim is involved in the escalating stock scandal surrounding eight companies that experienced plummeting stock prices for no apparent reason.
Poongsan is facing a growing backlash from minority shareholders over its plan to split off its flagship munitions business so the parent firm can focus on copper product manufacturing, according to industry officials, Friday. Earlier this month, Poongsan abruptly announced the split-off plan for Poongsan Defense, arguing that the structural reform will ultimately enhance both the company s enterprise and shareholder values.