OnMay 16, the shares of Korea Gas Corp. closed at 51,700 won, up 6.27 percent or3,050 won from the previous day, hitting a one-year high. Korea Gas Corp.imports more than 30 million tons of LNG from overseas and supplies it to thesubsidiaries of Korea Electric Power Corp. and private power generators.
Amongsolar power-related stocks, the shares of S-Energy, a specialist in the productionof solar power modules, surged 15.68 percent. The shares of Woongjin Energy,Shinsung ENG, and OCI also rose sharply 5.83 percent, 4.96 percent, and 4.45percent, respectively. Wind power stocks such as Unison and Dongkuk S&Calso jumped 16.32 percent and 4.67 percent each.
Incontrast, the shares of Korea Electric Power Corp. fell 2.89 percent to 41,950won amid concerns that the shutdown of old thermal power plants would lead toan increase in its electric power production cost.
National Pension Service’s (NPS) recent invitation for investment proposals to domestic private equity and venture capital funds, which amounts to 650 billion won ($577 million), has met with a lukewarm response from fund houses, amid concerns about the $500 billion&hellip
Korea Investment Corporation (KIC) Chief Investment Officer Shinwoo Kang will give a keynote speech in a global real estate and infrastructure summit on Oct. 25 in Seoul, where key investment decision-makers of South Korea’s biggest asset owners are set to&hellip
Asia-based investment firm Pacific Alliance Group (PAG) has bought an office building in southern Seoul from a fund led by the Public Officials Benefit Association (POBA) for around 310 billion won ($273 million), at a time when the growing nuclear&hellip