CJ Group and Naver have agreed to trade stocks worth 600 billion won ($530.5 million) with the goal of generating synergy effects in the e-commerce, fulfilment and entertainment businesses.
Big Hit Entertainment closed subscriptions for its initial public offering (IPO) Tuesday, collecting more than 58 trillion won ($50 billion) in deposits. It came close to the record for total deposits set by Kakao Games but failed to break it.
Shares jumped by more than 1 percent to extend their winning streak to a fourth session Monday, as investor sentiment improved on hopes for fresh economic stimulus in the United States. The won rose against the dollar.
Stocks dipped more than 2 percent on Tuesday, as investor sentiment worsened over dimming hopes for recovery from the coronavirus pandemic in major economies. The won fell against the dollar.
K bank and NH Investment & Securities are offering cash rewards to get more people to open stock trading accounts.
Stocks decreased more than 1 percent Thursday as investors turned to profit-taking and worried about tech valuations. The won rose against the dollar.
Shares rebounded Monday, led by Samsung Electronics and some bio stocks. The won rose against the dollar.
Insurance companies reported a mixed first half as life insurers earned less, largely on the need for higher provisioning for guaranteed products, while non-life companies did better on year as fewer car crash claims came in.
Korea Investment & Securities (KIS) introduced its “Mini Stock” service Thursday, a mobile stock trading app for shares of international companies, the brokerage announced during an online conference on the day of the rollout.
Stocks hit their 2020 highs Tuesday on abundant liquidity and hopes for an economic recovery.