Investors flee the market, plunging index to 5-year low

Article Abstract:

South Korea's stock market took a severe beating Oct 16, 1997, due to fears of more corporate bankruptcies. The composite index dropped to 579.25, its lowest point in five years following news that companies are seeing debt relief including Tae II Media Co, the country's biggest computer parts manufacturer; Haitai Group, the country's 24th biggest business conglomerate and Ssang Bang Wool Co. Analysts say moves to boost investment inflows such as raising foreign ownership ceiling would not suffice to dampen the bearish mood.

Computer peripheral equipment, not elsewhere classified, Other Computer Peripheral Equipment Manufacturing, Parts for Computer Equip, Computer industry, Computer hardware, Finance, Taeil Media

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Won volatility may dictate Korean stocks' direction in '99

Article Abstract:

The growing strength of the won is worrying South Korean businesses and could influence the direction of the country's stock market in 1999. Several South Korean companies, particularly small- and medium-sized exporters, could give up exporting if the won will keep on rising. Foreign investors are also likely to avoid export-oriented stocks. The South Korea Finance Ministry has asked state-run firms to avoid borrowing from abroad and repay foreign debt with dollars bought locally with the won to slow down the won's movement.

United States, Foreign Trade Companies NEC, Other Miscellaneous Nondurable Goods Wholesalers, WHOLESALE TRADE--DURABLE GOODS, Foreign exchange, Trading companies, Export trading companies, Won (Korea)

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`Korean retail investors delve back into stocks in Seoul

Article Abstract:

The Korean Stock Exchange market witnessed an increase in investor confidence in retail stocks. An estimated $4.25 billion in retail investments were posted as of Jan 1999. This came about after investors transferred their money from low-yielding bond instruments into the stock market. The increased investment activity has spruced up the capital of Korea's Stock Exchange. However, yields from the fixed-income investment dropped below 8%.

South Korea, Retail Trade, Capital funds & cash flow, Retail industry, Securities, Seoul, South Korea

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