This is the 42nd in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- EdTwo pieces of good news gave mobile game developer Nexon GT an unexpected month of stellar performance on the stock market. The Kosdaq-listed Nexon GT’s strong performance in September mainly stemmed from its wholly-owned subsidiary Nexon Red’s new game release “AxE” on Sept. 14. In addition, on Wednesday, Nexon GT’s holding company NXC ventured into the b

South Korean stocks closed higher Friday as institutional investors and foreigners bought large-cap stocks ahead of a long holiday next week. The Korean won rose against the US dollar.The benchmark Korea Composite Stock Price Index rose 21.33 points, or 0.90 Percent, to 2,394.47.South Korea's stock markets will be closed from Oct. 2 through Oct. 9 as people celebrate Chuseok -- the equivalent to Thanksgiving Day in the US -- and two other national holidays. The main index advanced for a sec

The Bank of Korea said Friday it has injected a net 7 trillion won ($6.1 billion) in liquidity into the financial system to help keep the money supply stable ahead of the Chuseok holiday. The central bank said its money injection for the 10 business days leading up to the holiday jumped 43.3 percent from a year ago as this year's holiday is the longest in decades. The government gave everyone Monday off to boost domestic consumption, while this year's Chuseok is preceded and followed by other na

South Korean stocks extended gains late Friday morning as institutions turned buyers offsetting foreign selling. The benchmark Korea Composite Stock Price Index rose 13.14 points, or 0.55 percent, to 2,386.28 as of 11:20 a.m.The main index rose for a second consecutive session after a week-long losing streak due to foreign selling. Foreigners continued to sell local stocks for a fifth straight session, offloading about 830 billion won ($725 million) stocks in the past four sessions amid ris

South Korean stocks opened higher Friday on a wave of bargain hunting. The Korean won rose against the dollar. The benchmark Korea Composite Stock Price Index rose 10.04 points, or 0.42 percent, to 2,383.18 in the first 25 minutes of trading.Foreigners became net buyers after dumping more than 830 billion won ($725 million) worth of stocks in the past four sessions due mainly to rising tensions between North Korea and the United States over the former's nuclear and missile development programs.&

The South Korean government on Thursday continued to reassure on the economy’s stability despite escalating security tensions on the Korean Peninsula, as pundits also raised caution that the new level of risk may affect the markets.Deputy Prime Minister and Finance Minister Kim Dong-yeon on Thursday held a ministerial-level meeting to review and discuss the pending situation and economic policies in Seoul.“The persisting North Korea risk is touching off a bit of concerns, but Korea&r

South Korean stocks ended slightly higher Thursday as investors bought large-cap stocks on expectations of solid fourth quarter earnings, ending a seven-session losing streak. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index gained 0.57 points, or 0.02 percent, to 2,373.14.Lee Kyung-min, an analyst at Daishin Securities, said investors purchased large-cap stocks in auto, tech and chemical sectors in anticipation of their strong earnings in the July-Septem

South Korea will take market-stabilizing measures if the country's foreign exchange becomes more exposed to volatility due to an external shock, a senior finance ministry official said Thursday."Foreign exchange rates will be decided autonomously by the market," Deputy Finance Minister Hwang Kun-il said at a symposium in Seoul. "But the government will take action if the rates experience a wide fluctuation in line with standing procedures." He said the government will be

North Korea's successful build-up of its missile and nuclear capability is expected to exert greater impact on South Korea's financial market going forward, a report showed Thursday.A monthly report published by the state-run Korea Development Institute said that uncertainties have accelerated in the Northeast Asian region and the risks have advanced to a more dangerous level as Pyongyang is almost reaching the final stage of testing a nuclear-tipped intercontinental ballistic missile. It n

South Korean stocks extended losses late Thursday morning on increased selling by foreigners amid heightened tensions between North Korea and the United States.The benchmark Korea Composite Stock Price Index fell 4.67 points, or 0.20 percent, to 2,367.58 as of 11:20 a.m.The main index continued to fall for the eighth consecutive session mainly on foreign selling. Foreigners dumped more than 1 trillion won ($876 million) worth of stocks in the past seven sessions due mainly to the North Korea ris

Institutional investors have tended to become net sellers of South Korean stocks ahead of the annual Chuseok holiday over the past five years with foreigners turning net buyers, data showed Thursday.According to the data from the Korea Exchange, institutions were net sellers of local stocks before the Chuseok holiday from 2012-16 except for 2015.Their net selling amounted to 829 billion won ($724 million) last year, while institutional investors' net buying stood at 369 billion won two year ago.

South Korean banks sharply scaled up their investment in tech startups in the first half of the year with their lending to the sector climbing solidly, the financial regulator said Thursday.Domestic lenders' investment in low-credit startups with a high level of technology stood at some 1.2 trillion won ($1.05 billion) in the January-June period, up 48.9 percent from the second half of last year, according to the Financial Services Commission.Their lending to those companies also increased 5.5 p

South Korean stocks opened lower Thursday, despite Wall Street gains, amid growing tensions between North Korea and the United States.  The benchmark Korea Composite Stock Price Index fell 2.83 points, or 0.12 percent, to 2,369.74 in the first 25 minutes of trading.The main index continued to fall for the eighth consecutive session on foreign and institutional selling. Foreigners dumped more than 1 trillion won ($876 million) worth of stocks in the past seven sessions due mainly to the Nort

South Korean stocks ended lower Wednesday as foreign investors offloaded local stocks amid tensions between North Korea and the United States. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index fell 1.75  points, or 0.07 percent, to 2,372.57."Foreign investors sold large-cap tech stocks in the face of persistent North Korean risks," said Kim Ye-eun, an analyst at Cape Investment & Securities. US President Donald Trump said Tuesday he

South Korea's credit default risk has reached a 19-month high on escalating tensions over North Korea's weapons programs, market sources said Wednesday.The credit default swap premium for South Korean foreign exchange stabilization bonds with a five-year maturity came to 74.09 basis points Tuesday, the highest since the 78.86 basis points recorded Feb. 11, 2016.The risk premium also marked a five-session streak of gains and was up 8.69 basis points from five days earlier.The spread reflects the