Planned launch of 2 funds in Seoul rekindles interest in preferred shares

Article Abstract:

Low-priced preferred stocks in the South Korean stockmarket are beginning to attract the attention of bargain-hunting securities investors. The prices of preferred shares dropped in 1994 after the government made changes in the securities law to encourage mergers and acquisitions. Companies at that time dumped preferred stock to buy common stock to strengthen their positions, and they were imitated by retail investors. The potential for a rebound in preferred stocks' prices has prompted some securities firms to launch funds focusing exclusively on such stocks.

Security brokers and dealers, Securities Brokerage, Securities Trading, Evaluation, Securities industry, Preferred stocks, Korea, South

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U.S. decision to extend aid to Pyongyang marks a divergence from Seoul's wishes

Article Abstract:

Many analysts view the US government's decision to provide North Korea with $2 million in aid as a marked departure from South Korean policy. The South Korean government has opposed aid for North Korea, saying that food and emergency supplies were being diverted to the military. The US government denies any dispute with South Korea over the issue but sources disclosed that US officials have been pressuring Seoul to soften its stand.

United States, International relations, United States foreign relations, North Korea, North Korean foreign relations, South Korean foreign relations

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Bad news for Daewoo Group chairman could be good news for securities unit

Article Abstract:

Daewoo Group Kim Woo Choong has allegedly been involved in the money laundering case that led to the imprisonment of Korean Pres. Roh Tae Woo. However, Daewoo Securities, a member of the Daewoo Conglomerate has profited from Kim's connection with the scandal, since it may attract traders who see it as a more profitable company than the rest of the conglomerate.

Daewoo Corp.

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