Morgan Stanley biggest short seller of Korean stocks

[THE INVESTOR] Foreign securities companies led by Morgan Stanley & Co. International are the biggest short sellers betting against Korean stocks, according to the local bourse operator Korea Exchange on July 6. As the KRX started to impose a new regulation obligating investors to reveal their short positions and information about their identities publicly from June 30, a total of 414 cases were reported, according to filings made under the new regulatory regime.Morgan Stanley headquartersAccord

July 6, 2016

[ANALYST REPORT] Fair Trade Commission rejects SKT’s bid for CJ Hellovision

Yonhap News reported last night that the Fair Trade Commission, in its M&A assessment report, had rejected SKT’s bid to acquire CJ Hellovision, saying it would hinder competition. The FTC pointed out that the combined entity would control more than 60% of the market in 21 of the total of 23 broadcast areas in which CJ operates, thus hurting competition. The two companies have yet to issue an official comment. Decision difficult to understand The decision, if true, is hard to understand for a num

July 6, 2016

Koreans report record amount of inheritance, gift tax in 2015

[THE INVESTOR] South Koreans have declared a record amount of inheritance, gift tax last year, the National Tax Service said on July 5. According to the NTS’ report, Korean people filed a total of 2.189 trillion won (US$ 1.9 billion) in inheritance tax in 2015, a 32.5 percent increase from the previous year. A total of 5,452 people received inheritance, an increase of 13.8 percent on-year.The gift tax stood at 2.362 trillion won last year, up 25.8 percent from the previous year. A total of 98,04

July 6, 2016