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Wed, November 29, 2023 | 06:28
Half of newly listed stocks in 2023 valued lower than IPO price
Half of the shares of firms that are newly listed on the stock market are traded lower than their initial public offering (IPO) prices, data showed, Tuesday.
EDCF hosts annual seminar for smaller firms to join foreign assistance market
The Economic Development Cooperation Fund (EDCF), Korea’s foreign assistance project body, hosted an annual seminar, Tuesday, to help small- and medium-sized enterprises (SMEs) set foot in foreign aid businesses.
IMF urges Korea to drastically reform national pension scheme
The International Monetary Fund (IMF) urged Korea to drastically reform its national pension system, warning of massive debt that is projected to rise 200 percent higher than gross domestic product (GDP) within 50 years.
Korea Investment & Securities, NH Securities slammed for IPO fiasco
Korea Investment & Securities and NH Investment & Securities are under fire over suspected fraudulent initial public offering (IPO) of a startup company that they served as co-underwriters. It was listed on the secondary bourse Kosdaq in August.
Nearly 70% of listed Korean firms undervalued
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.
President says short selling ban will last indefinitely
President Yoon Suk Yeol said on Tuesday that the ban on short selling will continue indefinitely after it was reinstated for the first time in three years, until the government comes up with fundamental measures to root out illegal market practices.
Korea's long-term productivity feared to fall with increase of childless working women
More women in their early 30s are working in Korea, but it will not necessarily lead to higher productivity and is rather feared to weaken such productivity in the long term, a state-run think tank warned in its latest report.
Bithumb plans to go public
Cryptocurrency exchange Bithumb plans to become the first digital asset firm to go public on the stock market, according to industry sources, Monday.
NYSE executive cautions against unintended market impact of short selling ban
Regulators should consider the unintended consequences of new regulations on the marketplace, a senior executive of the New York Stock Exchange (NYSE) said shortly after a short selling ban was reinstated in Korea last week in the name of cracking down on illegal market practices by global investment banks.
Former chairman of Shinhan shortlisted for next KFB leader
The federation’s chairman recommendation committee will finalize the selection on Nov. 16.
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