Industry

Samsung Electronics market cap tops 1 quadrillion won intra-day, first for South Korean company

Samsung Electronics tops 1 quadrillion won in market capitalisation during trading on Feb. 4, the first South Korean company to do so. Its shares hit a record 169,400 won, up 1.13 percent from the previous session, pushing its market value above 1.002 quadrillion won. The stock has been setting fresh highs since closing above 100,000 won on Oct. 27 last year and rising past 160,000 won the previous day.

Finance

KRX rebuts five key issues in trading hours extension dispute

The Korea Exchange (KRX) has moved to counter controversy over extending trading hours, saying the claims differ from the facts. The exchange outlined its position on five issues tied to the planned launch of a pre- and after-market on June 29. It said member firms will apply internal monitoring systems as in regular trading, and the exchange will conduct market surveillance at the same level as alternative venue NXT. It also pledged guidance on system changes and said phone orders via call centres will be allowed to limit exclusion of older investors.