BEAMSTART Logo

Korean unlisted stock bubble bursts as interest rates rise

Korea Economic Daily LogoKorea Economic Daily2 mo ago

Korean unlisted stock bubble bursts as interest rates rise - Korea Economic Daily

Quick Summary:

Those exchanges such as U-Stockplus, Seoul Exchange and Angel League set up online platforms for unlisted stocks, which had mainly been traded through direct transactions, allowing retail investors to trade those shares.

But tumbles in those major startups’ shares accelerated as more of their industry peers went bankrupt amid growing borrowing costs.“The impact of rising interest rates, which haunted stocks and real estate markets, was extending into unlisted stocks,” said an asset manager.

Kurly Inc., Dunamu Inc.and other major South Korean unlisted stocks plunged as fallout on asset prices from rising interest rates extended into the local over-the-counter (OTC) market.


More Pictures

Korean unlisted stock bubble bursts as interest rates rise - Korea Economic Daily (Picture 1)Korean unlisted stock bubble bursts as interest rates rise - Korea Economic Daily (Picture 2)

or

Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-30 @ 20:50:07 (2 months ago)

News Timezone: GMT +8:00

Ranking: #144 (out of 6690 stories this day)

News Source URL: kedglobal.com

Language: English

Article Length: 731 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 2058909

View Article Analysis

About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 6 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 10 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Korean unlisted stock bubble bursts as interest rates rise" has 731 words across 35 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "Korean unlisted stock bubble bursts as interest rates rise" was covered 2 months ago by Korea Economic Daily, a news publisher based in South Korea.

How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.

The outlet is headquartered in South Korea and publishes an average of 6 news stories per day.

It's most recent story was published 10 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #2058909
  • URL: https://beamstart.com/news/korean-unlisted-stock-bubble-bursts-16698133847848

BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2023 BEAMSTART. All Rights Reserved.