Retail investors' stock-related funds have risen by nearly 20 trillion ($18.2 billion) this year on the back of a surging stock market, industry data showed Thursday.
IPO mania is set to continue into 2021 as interesting new issues hit the market, punters borrow to invest and memories of strong offerings in 2020 linger in the minds of the hopeful.
Seoul's main bourse passed the 3,000-mark in intraday trading on Wednesday for the first time ever, bolstering expectations that a 3,000-era for the Kospi is on its way.
Kakao Bank on Thursday announced a temporary halt in the opening of overdraft accounts as major banks limit individual credit lines due to concern about rapidly increasing household debt.
The C-suites of Korea’s listed companies are bullish on equities and intend to increase investments in stock next year.
Korea’s main bourse hit another new high on Friday, going above the 2,700 level for the first time in history as foreign investors continued their buying spree, mainly in the semiconductor and internet sectors.
Korea’s Kospi index surpassed 2,500 Monday for the first time in nearly two and a half years on hope of economic recovery tied to a recent breakthrough in vaccine development.
A stockbroker reads news about the U.S. presidential elections, Tuesday, in the trading room of Hana Bank, Jung District, central Seoul.
Stocks rebounded after a choppy session Friday, buoyed by optimism over improved corporate earnings in the third quarter. The won closed unchanged to the dollar.
Stocks extended gains for a third consecutive session Wednesday as investors held out optimism for progress in the U.S. stimulus talks. The won rose against the dollar.