Search results for Sangyeob Oh
Finance
FSC tightens delisting rules, revises market cap, penny stock and disclosure violation criteria
South Korea\'s Financial Services Commission approved changes to Korea Exchange listing rules to speed the removal of troubled companies. The revisions raise market-cap thresholds on a half-year basis, add stocks priced below 1,000 won as a new delisting trigger, and extend full capital impairment criteria to include half-year results. Disclosure violation standards are tightened by lowering the cumulative penalty-point threshold and flagging serious intentional breaches for review.
Finance
KOSPI surges more than 4 percent, breaks above 7,800 to hit record high
South Korea\'s KOSPI surged more than 4 percent early on May 11, breaking above the 7,800 level and setting a record high. The index was up 305.83 points, or 4.08 percent, at 7,803.83 as of 9:02 a.m. Individual investors were net buyers, while foreigners and institutions sold. Samsung Electronics and SK Hynix rose sharply, while LG Energy Solution and Doosan Enerbility fell. The won weakened against the dollar.
Finance
KOSPI breaks through 7,000 for first time as market cap tops 6,000 trillion won
South Korea\'s benchmark KOSPI broke above 7,000 for the first time on Tuesday, and the market value of stocks listed on the main bourse topped 6,000 trillion won for the first time. At 9:56 a.m., KOSPI-listed shares were valued at 6,014.3 trillion won, about three months after first surpassing 5,000 trillion won. The rally was led by big semiconductor stocks including Samsung Electronics and SK Hynix.
