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The government’s measures aimed at increasing shareholder returns to boost Korea's undervalued stock market have sparked much debate on their effectiveness due to the lack of motivational drivers for companies to join the program. In the Corporate Value-up Program announced by the Financial Services Commission on Feb. 26, the government directed some 1,600 firms listed on the Kospi and Kosdaq markets to di. ....
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. ....
AfreecaTV is outperforming local internet giants Naver and Kakao in the local video streaming market as high-profile streamers have announced their move to the domestic platform after the U.S. company Twitch announced its withdrawal from the Korean market, according to industry experts, Sunday. ....
South Korean shares closed nearly flat Thursday amid signs of cooling US inflation. The local currency gained ground against the US dollar. After choppy trading, the benchmark Korea Composite Stock Price Index added 1.51 points, or 0.06 percent, to close at 2,488.18. Trade volume was slim at 401.6 million shares worth 6.61 trillion won ($5.09 billion), with gainers outnumbering loser 546 to 311. Foreigners purchased . ....
Concerns are mounting over the potential negative impact of prolonged weakening of the Japanese yen on Korean exports which were expected to bolster the Korean economy in the second half of this year. ....