SK Telecom will be dividing into two companies, one focused on core businesses and the other on investments and new areas.
Bitcoin’s rout is taking many companies down with it and leaving those who invested in either the token or related stocks with splitting headaches and regret.
Korean retail investors, stuck between weak stocks and the fear of inflation, have nowhere to go. For some, the solution has been money market funds (MMFs).
Kakao announced a big stock grant worth 53.9 billion won ($48 million) to all employees including interns on Tuesday, marking the latest in a series of large-scale compensation plans among Korea’s tech companies.
Short selling restrictions in Korea will be partially lifted Monday – more than a year after the financial regulator imposed a prohibition on the practice when stock prices collapsed as the pandemic started.
Kakao shares rose sharply on Thursday when the internet company resumed trading after a five-way stock split that lowered the value of its stocks from 500 won ($0.45) to 100 won per share.
In the month since Coupang listed in the United States, the stock has traded poorly leaving retail investors with losses and some with a sense of desperation about what was sold to them as an easy win.
Some 12 executives at Hyundai Motor are accused of selling their stocks in the Korean automaker before the news of the project with Apple being canceled was made public. The executives are reported to have pocketed 830 million won.
A 41-year-old skincare specialist who started investing in stocks early last year lost millions of won after she joined an online paid chat room that claims to provide exclusive information on the stock market.
Seoul’s benchmark Kospi closed at 3,100-mark for the first time since February on Friday, influenced by the overnight rally in U.S. stocks amid hopes of massive infrastructure investment in the United States.