Stigma Effect Larger Than Expected as Penny Stocks Plunge Up to 28%
Shares of Lab Genomics, a KOSDAQ-listed company, were priced at 2,560 won last August. However, the stock has plummeted to the 600 won range this month due to poor performance. As a result, the company was designated as a managed stock on the 12th due to its low stock price. If the stock price does not exceed 1,000 won for more than 45 trading days within the next 90 days, it faces delisting. To avoid this, the company will hold an extraordinary general meeting on the 18th to propose a 5-for-1 s
Blood Product Strategies Abroad: SK Plasma's Technology Transfer vs. GC Green Cross's U.S. Market Focus
Domestic pharmaceutical companies are adopting differing strategies for the blood product market abroad. As demand for blood products continues to rise due to an aging population, securing raw plasma and production technology has become a key competitive advantage, leading to distinct strategies.According to H&I Global Research, the domestic plasma-derived product market is projected to grow from $503.1 million (approximately 712 billion won) in 2024 to $770.6 million (approximately 1.09 trillio
Daishin Securities Reports 243% Surge in Q2 Net Profit Driven by Increased Trading Volume
Daishin Securities has reported significant performance improvements for the second quarter of this year, driven by increased trading volume and expanded valuation gains on its securities holdings.According to Daishin Securities, the consolidated operating profit for the second quarter (April to June) reached 359.9 billion won, a 165.2% increase compared to the same period last year. Pre-tax profit for the same period rose to 320.7 billion won, up 196.0%, while net profit surged to 257.8 billion
Xdinary Heroes' Gunil Leaves the Band, JYP Ends Contract
Band Xdinary Heroes member Gunil has left the group.JYP Entertainment announced on August 13 that "Gunil has officially departed from Xdinary Heroes and will conclude his activities with the team."The agency stated, "We are deeply aware of the seriousness of the situation regarding member Gunil and have had extensive discussions with the artist. As a result, we have mutually agreed to terminate the exclusive contract, concluding that it is no longer feasible for him to continue with the group."T
Special Prosecutors Charge Four in Investigation of Marine's Death
The Special Prosecutors' Team, led by Kwon Chang-young, has charged four individuals, including former Gyeongsangbuk-do Police Chief Choi Joo-won, with obstruction of justice and leaking information related to the death of Marine Chae Soo-geun.On August 13, the Special Prosecutors announced that they have charged Choi and former Gyeongbuk Police Investigation Division Chief Noh Gyu-ho with abuse of authority, while former Presidential Office Civil Affairs Secretary Lee Si-won and former National
Launch of 1 Trillion Won LP Growth Fund with 340 Billion Won from Private Sector
The Ministry of SMEs and Startups and Korea Venture Investment Corp. announced on August 13 that they held the launch ceremony for the 'LP (Limited Partner) Growth Fund' and the 'Third Quarter Fund of Funds Policy Forum' at the Startup Venture Campus (SVC) in Seogyo-dong, Seoul.The LP Growth Fund is an investment platform designed to facilitate participation from various investment institutions in venture capital. It is jointly established by pension funds, financial institutions, industry, and
KDB Life Insurance Finds New Owner in Korea Investment Holdings
The Korea Development Bank has selected Korea Investment Holdings as the preferred bidder for the sale of KDB Life Insurance. This marks Korea Investment Holdings' first foray into the insurance industry.According to financial sources on August 13, the Korea Development Bank held an investment review committee meeting and designated Korea Investment Holdings as the preferred bidder for KDB Life Insurance. The sale involves 116.32 million common shares held by the bank, representing approximately
Samsung Electro-Mechanics Outperforms Samsung Electronics with 31.61% August Gain
Samsung Electro-Mechanics is experiencing a resurgence in its stock price. After reaching an all-time high of 2,417,000 won on June 19, the stock had previously declined but is now on an upward trend. In the past month, it has significantly outperformed its affiliate, Samsung Electronics, driven by strong expectations for increased demand for multilayer ceramic capacitors (MLCC) due to expanded investments in artificial intelligence (AI) servers.According to the Korea Exchange, Samsung Electro-M
Mirae Asset Securities Reports Record Earnings, Analysts Lower Price Targets
Mirae Asset Securities, which announced record earnings on August 12, is facing a cautious evaluation from analysts. Despite reporting nearly 3 trillion won in net profit for the first half of the year, several brokerages have lowered their price targets.According to FnGuide on August 13, among 14 brokerages that issued reports on Mirae Asset Securities from August 12 to that day, 11, excluding NH Investment & Securities, Daol Investment & Securities, and Hana Securities, have reduced their pric
NH Bank Allocates 1 Trillion Won for Final Payment Loans at The DH Bangbae
NH Nonghyup Bank has allocated a loan limit of 1 trillion won for final payment loans for the DH Bangbae apartment complex in Seocho-gu, Seoul, which is set to open next month. According to the financial sector on August 13, NH Bank has granted a loan limit of 1 trillion won for final payment loans at the Bangbae Financial Center. This follows similar allocations of 1 trillion won each by KB Kookmin, Shinhan, and Hana Banks. Woori Bank is currently reviewing the allocation of final payment loa