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Court ruling on Samsung heir adds to stock woes
Court ruling on Samsung heir adds to stock woes
MarketsJan 18, 2021
South Korea’s stock market was dealt a further blow following a conviction of Samsung group heir apparent Lee Jae-yong on Monday, with large-cap stocks posting bigger losses. This comes as a recent rally, largely driven by massive retail investor participation since late 2020, has been followed by a stock market correction in the last two trading days.   The Korea Exchange’s main board Kospi closed at 3,013.93 points, down 2.3 percent from Friday, despite retail investors’ c