Lovely liquidity: Seoul bourse may be due for sustained rally
Article Abstract:
The Korea Stock Exchange in Seoul, South Korea, is expected to sustain a positive performance following the announcement by the Ministry of Finance that foreigners will be allowed to own up to 20% in most South Korean firms. With the announcement made on Jan 15, 1993, observers believe that renewed investor confidence will ensure the continued ascent in the stock market index. In addition to the new ceiling in foreign ownership, the possibility of a prolonged decline in interest rates and 20% growth in corporate earnings shouldalso serve to sustain the bullish stock market.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Reforming with caution
Article Abstract:
South Korea may be one Asia's fastest rising economies but its capital markets are nowhere as developed as those of its international peers. The Ministry of Finance still exercises tight control over the operations of the market. However, there are plans of liberalizing the market to be in step with the rest of the world. Such financial reform would not come easily especially in the area of interest rates. The country's financial authorities would have to exercise the political will to give up some measure of control.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Marked by the market
Article Abstract:
South Korea's stock market prices have plunged prompting financial authorities to think of new accounting methods to revalue equity holdings. The introduction of new regulations has been postponed, however, because of both political and economic reasons. The present government would not want to rock the boat during an election year. Furthermore, financial institutions could be scared off by reforms prompting them to sell big amounts of their stock portfolio to the detriment of the stock market.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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