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SCMP
Asia

The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Tue, May 30, 2023 | 13:29

Small bio firms rush to go public

Small bio firms rush to go public

Korea's small- to mid-sized biotechnology firms are moving to go public on the local stock market despite weak investor sentiment on initial public offerings (IPO) here. Starting with Bioinfra, a local biotech company, which was listed on the secondary Kosdaq on March 2, a group of bio companies here is scheduled to go public, hoping to attract timely investments even as mark...

2023-03-06 16:52

HYBE-Kakao war over SM enters 2nd round

HYBE-Kakao war over SM enters 2nd round

Kakao planned to hold an emergency board meeting on Monday evening, industry sources say, to discuss how to respond to the fast-developing situation surrounding its de facto battle with HYBE to win the management rights to SM Entertainment.

Anna J. Park | 2023-03-06 16:36

Where are singers and fans in SM's management dispute?

Korea's consumer prices up 4.8% in February

Korea's consumer prices up 4.8% in February

Korea's on-year growth in consumer prices fell below 5 percent for the first time in 10 months, data showed Monday, although the hike in utility costs hit yet another fresh high.

2023-03-06 09:41

60 companies face delisting from Korean stock market

60 companies face delisting from Korean stock market

A total of 60 companies face being delisted from the Korean stock market as watchdogs could strip their listing qualification following a review based on their 2022 audit reports. According to the Korea Exchange, a group of six companies listed on the benchmark KOSPI is at risk of being delisted once they submit their annual audit reports to the exchange operator and the Fina...

2023-03-05 15:43

State-run pension operator sells SM Entertainment shares to reap capital gains

State-run pension operator sells SM Entertainment shares to reap capital gains

The National Pension Service (NPS) announced on Friday that it unloaded more than half of its stake in K-pop powerhouse SM Entertainment amid an escalating ownership feud over the company.

2023-03-03 16:32

NPS reports record loss amid global financial unrest

NPS reports record loss amid global financial unrest

The National Pension Service (NPS) reported its worst-ever investment loss in 2022 amid a global financial meltdown, the state-run pension fund said Thursday. According to data from the NPS, its fund operation division's investments last year achieved an operating rate of return of 8.22 percent or 79.6 trillion won ($60 billion).

2023-03-03 08:26

Seoul shares rise on China recovery hope

Seoul shares rise on China recovery hope

Korean stocks closed higher Thursday, snapping a two-day losing streak, as data suggesting China's economic recovery from the COVID-19-driven slowdown helped spur investor appetite for risky assets. The local currency rose against the U.S. dollar.

2023-03-02 16:47

Korean investments in foreign securities down in 2022

Korean investments in foreign securities down in 2022

The value of foreign securities held by Korean institutions fell in 2022 due to losses from heightened global market volatility, data showed Thursday.

2023-03-02 14:58

Activist fund demands Namyang Dairy boost share price

Activist fund demands Namyang Dairy boost share price

Activist fund Tcha Partners Asset Management has launched a Namyang Dairy shareholder campaign urging the dairy company to take active measures to protect minority shareholders' rights. According to Tcha Partners' proposals sent out the company boards earlier this week, the activist fund urged the firm to buy back 50 percent stakes of both common shares as well as preferred s...

Anna J. Park | 2023-03-01 17:19

HYBE-Kakao battle intensifies for SM Entertainment management rights

HYBE-Kakao battle intensifies for SM Entertainment management rights

The battle between HYBE and Kakao over the management rights of SM Entertainment has intensified, as HYBE, currently SM Entertainment's largest shareholder, officially urged Kakao Entertainment to clarify its exact position and the nature of its partnership with SM.

Anna J. Park | 2023-02-28 16:59

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