The share prices of Korea's cosmetics and duty-free shops which plunged due to concerns over China's retaliation against Korea's THAAD deployment, rebounded sharply across the board.
The main driver behind this rebounding is the rumors that Korea's THAAD deployment may be delayed, which, in turn, would contribute to improving the relations between Korea and China.
On April 17, Hotel Shilla closed at 51,100 won, up 7.47 percent or 3,550 won from the previous trading day. Over the past nine months since the Korean government announced its THAAD deployment plan, the share price of Hotel Shilla declined by about 23 percent.
The stock price of Shinsegae also rose 2.78 percent on the day. The share prices of cosmetics firms also showed strong rebounding. The share prices of the nation's 30 listed cosmetics firms grew by 4.77 percent on average, including It's Skin (6.31%), AmorePacific (5.53%), Amore G (4.58%), and LG Household & Health Care (4.46%).
Mirae Asset Global Investments Co. Ltd. invested 54 billion won ($48 million) last week in mezzanine debt secured on two warehouses leased to FedEx Corporation on behalf of South Korean institutional investors, in its second investment in the logistics facilities&hellip
Hana Financial Group, the parent company of KEB Hana Bank, will acquire a shopping center building and its surrounding land in a small Japanese city in a deal worth around 50 billion won ($44 million), with a view to reselling&hellip
KEB Hana Bank, a leading South Korean lender, has arranged $300 million lease financing for an aircraft portfolio of Avolon, in the first financing arrangement by a South Korean bank for the Irish aircraft leasing firm, according to local newspaper reports.&hellip