Posted : 2021-01-23 10:37
Updated : 2021-01-23 20:20
A man talking on his phone walks past the logo of LG Electronics during Korea Electronics Show 2016 in Seoul, Oct. 27, 2016. Reuters
LG Electronics can improve its corporate value by restructuring its money-losing mobile business and focusing on future growth engines for a post-pandemic world, analysts here said Saturday.
The company announced Wednesday that the future of its mobile communications unit was open to every possibility amid rumors that the company could sell the struggling mobile business. We think LG s announcement means they are going to either shut down or sell, or at least scale back on its mobile business, Cho Chul-hee, an analyst at Korea Investment Securities, said.
Regulator tells KB Securities to give retail investors 70% compensation for Lime losses
Posted : 2020-12-31 16:05
By Anna J. Park
The Financial Supervisory Service s (FSS) dispute settlement committee decided Thursday that KB Securities ― one of the sellers of the problematic Lime fund products that resulted in huge losses for retail investors ― should provide compensation of up to 70 percent of their losses.
The order came prior to the calculation of the exact amount of losses incurred from the funds was confirmed. The FSS was aiming to reach a prompt resolution to the situation caused by the mis-selling of the problematic fund s products as soon as possible for the sake of victims who were also losing opportunity costs due to losses suffered from the funds.
Unlisted stock trading becomes more accessible via apps
Posted : 2020-12-29 09:33
By Anna J. Park
Shinhan Financial Investment announced Monday that it has partnered with PSX Inc. to launch an unlisted stock trading exchange platform, Seoul Exchange.
With an account at Shinhan Financial Investment, retail investors can easily trade various local companies unlisted shares on the platform through mobile and PC devices. The transactions are immediately settled and supported by Shinhan Financial Investment s accounts. Shinhan s brokerage affiliate and PSX will offer free transactions until the end of February next year, to mark the service s launch.
Before the partnership between the companies, investors aiming to trade unlisted stocks at the PSX site ― which was named the Pangyo Exchange until recently ― had to privately set up a meeting and exchange signed contracts for trades. With the service, investors can trade unlisted stocks, as they do with listed stocks through mo
Global oil prices on slow yet apparent recovery path
Global oil prices have been directly hit by the COVID-19 pandemic this year, even logging a historic negative price during the market crash in April. Since the futures contracts for West Texas Intermediate (WTI) traded in minus territory for the first time in history, global oil prices have been on a slow, long-term recovery, despite fluctuations.
WTI February futures were traded at $48.20 per barrel as of 7 p.m. GMT, Christmas Eve, on the New York Mercantile Exchange (NYMEX), up 0.17 percent from the previous session.
During the past month alone, the WTI price has risen about 11.75 percent, reaching up to $50 per barrel last Friday. The oil prices’ recent upward move has been attributed to market expectations of an economic recovery next year based on large-scale vaccine distribution against COVID-19.