Goldman Sachs, a global investment bank that has been suspected of carrying out naked short selling, has been found to have attempted to short sell 350 KOSPI and KOSDAQ stocks on the day of short selling. This means that the short sale volume of a single foreign brokerage is large enough to negative
A public outcry for the abolition of short selling has been rekindled by the failure of the Seoul branch of Goldman Sachs to settle short selling transactions.Financial authorities seem embarrassed as they have been lukewarm about abolishing short selling. Officials have claimed that there has been
Korean fianancial authorities have launched an inspection into Goldman Sachs as the global investment bank is suspected of having participated in naked short-selling.Naked-short selling is an illegal trading practice where one short-sells stocks without first borrowing them or ensuring that they can
South Korea is likely to take the biggest hit from interest rate hikes by the Fed among a group of emerging countries, Goldman Sachs said in a recent report.The report analyzes the impact of US interest rate hikes on 16 emerging countries, including South Korea, Brazil, Chile, China, the Czech Repub
The Bitcoin price has exceeded 10 million won again in about a month as American investors who left it for a while to avoid taxation are returning and news leaked about Goldman Sachs investing in cryptocurrencies.According to local cryptocurrency exchange Upbit, the price exceeded 10 million won in
The Mirae Asset Financial Group will invest in Didi Chuxing, the No. 1 car sharing company in China. On April 4, Mirae Asset Daewoo said it will establish a 280 billion fund to invest in Didi Chuxing. This investment will be conducted through Mirae Asset Global Unicorn Private Equity Investment Comp
With foreign investors continuing net purchases for South Korean stocks this year, global investment banks (IBs) have also posted positive outlook for South Korean stocks with some predicting the country’s benchmark KOSPI to top 3,000 near the end of this year.According to IB industry sources on Feb
South Korea’s largest e-commerce firm Coupang is seeking to raise 500 billion won (US$469.92 million) worth of funds. The domestic e-commerce market has already entered “chicken game” as Shinsegae attracted 1 trillion won (US$939.85 million) of investment.An official from the investment banking (IB)
Mirae Asset Daewoo Co., South Korea's biggest brokerage, announced that it will increase its equity capital to 8 trillion won (US$7.37 billion) by issuing new stocks, though the government recently decided to suspend the screening on the company’s permission to issue promissory notes, which is the d
Goldman Sachs predicted that the benchmark Korea Composite Stock Price Index (KOSPI) would reach the 2,900-point level and South Korea's per-capita gross domestic product (GDP) would surpass US$30,000 (32.64 million won) in 2018.“Goldman Sachs believe that it should expand the proportion of South Ko
The South Korean stock market is faltering due to a research report issued by a foreign investment bank (IB). Accordingly, experts say the domestic stock market has a “fragile mentality.”On November 27, Samsung Electronics Co. shares fell more than 5 percent for the first time this year. The company
The number of foreign securities companies stood at 22 as of the end of September this year, accounting for 40 percent of the total 55 brokerage players in South Korea. Compared to 2010, the local industry added one foreign broker while eight local companies left the market.According to the Financia
Foreign investors are actively seeking to merge and acquire South Korean companies despite concerns over the Terminal High Altitude Area Defense (THAAD) issue and the threat of nuclear missile attack by North Korea. South Korean firms are still attractive investments to foreign investors and the fac
Global beauty company Unilever acquires Carver Korea, a Korean makeup brand that became famous through its AHC line, for 3 trillion won (US$2.7 billion). It means that amid the tension of THAAD, domestic beauty brands have taken a direct hit, and beauty brands with technical know-how and specialty p
According to German market research firm Statista, the size of the South Korean connected car market for this year is estimated at US$249.5 million whereas those of the United States, China, Germany and Japan for the same period are estimated at US$8.193 billion, US$3.038 billion, US$2.62 billion an
All eyes are on whether mega investment banks (IBs) to be launched next month will be able to grow into the Korean-version of Goldman Sachs, creating a sensation in the capital market.However, a screening procedure for Samsung Securities’ license has been halted as the financial regulator has starte
Samsung Electronics and SK Hynix, which have a nearly 70 percent share of the global memory semiconductor market, are expected to see their quarterly Performance reach a record high once again. The business showings of the two companies have hit a new record high every quarter from the beginning of
Lotte Group announced on September 14 that it is going to sell its Lotte Mart stores in China and selected Goldman Sachs as the lead manager to that end. The group has yet to decide whether to sell all of them or only some of them.Lotte Mart has a total of 112 stores in China. 87 out of them have be
Large securities firms, which are about to become a ultra large sized investment bank (IB), are strengthening its competitiveness by hiring experts who worked for foreign companies.According to IB industry sources on September 5, KB Securities is the most aggressive company that hires experts who wo
The National Pension Service (NPS) is planning to introduce a factor-based smart beta strategy in stock investment. The strategy has already received attention in the public offering fund market for foreign sovereign wealth funds and individual investors. However, some raise concerns over whether it