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Reporter : Lee Min-hyung
Thu, January 20, 2022 | 08:16
LG Energy Solution draws record demand in IPO subscription
A two-day public subscription for LG Energy Solution's retail investors ended Wednesday, making history among the nation's initial public offerings (IPO). According to securities industry sources, around 4.4 million retail investors submitted bids worth 114 trillion won ($95.59 billion) for the subscription of the firm's common shares. The battery maker made headlines Tuesday...
Korea Exchange decides to delist SillaJen from Kosdaq
The Korea Exchange decided Tuesday to delist SillaJen from the secondary Kosdaq, citing a dim outlook of the troubled drugmaker's sustainable growth. SillaJen shares have been suspended from trading since May 2020 after its management was mired in an embezzlement scandal.
Fed rate hikes not entirely drag on stock market: AllianceBerstein
The U.S. Fed's planned rate hikes will not necessarily exert downward pressure on the global stock market, even if investors refrain from taking risks at this period of monetary normalization, AllianceBerstein said Tuesday.
Korean banks remain conservative toward cryptocurrency industry
Korean banks are taking a cautious attitude to the emerging digital currency industry, amid lingering concerns over crypto exchange operators' possible security loopholes, industry officials said Monday.
LG Chem, POSCO, Kakao face mounting criticism amid stock fall
Retail investors are crying foul over Korean conglomerates' practice of carving out their key businesses, as this has ended up with a steep stock fall of the mother firms.
Korean stock market could face foreign capital outflow on Fed's earlier rate hike
The Korean stock market is feared to be facing risks of another “taper tantrum” this year, as the U.S. Fed's increasingly hawkish turn prompts concerns about foreign capital outflows from here, analysts said.
Bank of Korea chief leaves door open for additional rate hikes
Bank of Korea (BOK) Governor Lee Ju-yeol hinted Friday that the central bank will continue to hike interest rates in the months to come in a bid to reduce risks on widening financial imbalance and escalating inflationary pressure. The message came later in the day after the central bank raised the key rate by 25 basis points to 1.25 percent during a monetary policy board meet...
Shinhan urges employees to display 'self-leadership' amid uncertainty
Shinhan Financial Group Chairman Cho Yong-byoung has urged his staff to possess a strong sense of “self-leadership,” as part of a key strategy to tackle widening financial uncertainties and toughening industry rivalry.
Citibank Korea to stop sale of consumer banking services in February
Citibank Korea will stop the sale of all consumer banking services and products as of Feb. 15, as part of its decision to shut down its retail banking business in phases here.
Banks' MyData drives draw lukewarm response
Korean commercial banks' much-hyped MyData businesses are drawing a lukewarm response from the market, as they offer “few differentiating factors” from conventional services, industry sources said Thursday.
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