South Korea's Automakers Report Record Dividend Payouts Amid Export Boom and Green Vehicle Demand koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.
South Korean stocks opened lower on Wednesday, mainly due to losses from technology and insurance shares. The benchmark Korea Composite Stock Price Index shed 13.59 points, or 0.5 percent, to 2,710.59 in the first 15 minutes of trading. Top tech giant Samsung Electronics slid 1.28 percent, and LG Electronics shed 0.62 percent to 95,900 won. Insurance firms were among major losers as well, with Samsung Life Insurance .
Korea s financial authorities and the heads of the country s major financial institutions met global institutional investors from Wall Street and New York to present their ambitious visions for the Corporate Value-Up Program, a government-led initiative seeking to propel the Korean stock market to new heights, according to the authorities, Sunday.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun and heads of financial groups and companies travelled to New York this week to promote Korea s capital market as well as its government-led corporate value enhancement program.
South Korean shares shot up over 2 percent Tuesday as investors were buoyed by growing hopes that the U.S. Federal Reserve may carry out rate cuts this year. The local currency gained against the U.S. dollar. The benchmark Korea Composite Stock Price Index jumped 57.73 points, or 2.16 percent, to close at 2,734.36. Trading volume was moderate at 523 million shares worth 10.9 trillion won ($8 billion), with winners ou.