글로웍스 (Gloworks ) KOSDAQ-listed stock 034600

On 2010-12-7, Gloworks recorded the #1 turnover of any equity on the KRX, trading 100,288,139 shares out of a total float of 171,602,880 shares. This is a turnover ratio of 58.44%, and they closed at 476 KRW (roughly $0.45) today, up 2.81%. I was curious about this company I had never heard before and visited their corporate site.

The company has a really interesting history. They used to be the music streaming service, "Bugs Music," which was famous (notorious) for providing foreign and domestic music tracks of almost all artists free of charge. Of course this was done without copyright, and after a settlement with domestic music firms about 3~4 years ago, the site changed over to a subscription/pay model. Due to the web-centric nature of music piracy in Korea and the weakness of domestic P2P alternatives (SoriBada was a popular domestic P2P network that was shut down by the courts and Korean record labels; it failed to gain traction in its legal, pay-format reincarnation) Bugs maintained its popularity and was able to survive as a subscriber-only service.

In 2007 they changed their name from Bugs Interactive to Gloworks and embarked on a totally different business model--hard asset investments in Mongolia and Kazahkstan!!! As of 2009, they began developing a gold mine in Mongolia as well as an apartment complex in Kazahkstan. 

They are essentially a penny stock, and according to information from KOSCOM, most of the turnover is due to individual investors trading through 키움증권.

I'm so lazy

After starting this blog, I had lots of ideas for posts, and actually began a long and ambitious post about translating from Korean to English. Unfortunately, I tried to cover too many points and the article never got finished. So here I am with a blank blog and no readers. Boohoo. Here's to laziness! (and procrastination) But seriously, one day I will post up that article on the Korean translation industry...fo' sho'

HELLO, WORLD!

10 PRINT "HELLO, WORLD!"
20 END

This is my inaugural blog entry. In this blog I plan to talk about the work I'm doing and some miscellaneous personal thoughts. I'm an old-school non-programmer, so I thought that a Hello World program in old-school BASIC would be an appropriate first post.

안녕하십니까? 저의 블로그를 찾아주셔서 감사합니다. 앞으로 이 공간에서 제가 하는 일이나 격는 사건에 대해 글을 쓰고자 합니다. 제미있고 유익한 정보를 기재하도록 노력하겠습니다...