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Inverse ETFs Top Performers as Stock Market Plunges

Inverse ETFs Top Performers as Stock Market Plunges

SEOUL, Oct. 19 (Korea Bizwire) — With the South Korean stock market experiencing a heavy correction due to the U.S-China trade war and financial instability among emerging states, Inverse Exchange Traded Funds (ETF) are yielding high profits. FnGuide financial information services announced that 45 Inverse ETFs with over 1 billion won in assets yielded average [...]

Sudden Increase in Real Estate Auction Bids Placed by Corporate Bodies

Sudden Increase in Real Estate Auction Bids Placed by Corporate Bodies

SEOUL, Oct. 19 (Korea Bizwire) — As a recent governmental measure aimed at curbing prices of real estate properties has made it more difficult for individuals to obtain loans to buy properties, there has been an increasing number of people who are placing successful bids for auctions of properties that are tendered under corporations. According [...]

Alcohol, Private Lender Ads Getting Less TV Airtime

Alcohol, Private Lender Ads Getting Less TV Airtime

SEOUL, Oct. 19 (Korea Bizwire) — The number of TV ads for alcoholic beverages and private lenders dropped last year from the year before, records from the communications watchdog showed Friday, apparently as the ads were more broadly distributed to other outlets, such as mobile platforms. Some 19,158 alcohol-related commercials aired on terrestrial and cable [...]

Nearly 9 Trillion Won Spent to Treat Diseases from Bad Habits

Nearly 9 Trillion Won Spent to Treat Diseases from Bad Habits

SEOUL, Oct. 19 (Korea Bizwire) — Nearly 9 trillion won (US$7.92 billion) is spent a year to treat diseases caused by health-harming habits, data from the National Health Insurance Service showed Friday. Records provided for parliamentary audit showed the medical cost due to bad habits, such as smoking, drinking and obesity, amounted to 8.9 trillion [...]

Pope Francis Says May Visit Pyongyang Following Official Invitation

Pope Francis Says May Visit Pyongyang Following Official Invitation

VATICAN, Oct. 18 (Korea Bizwire) — Pope Francis expressed his willingness Thursday to visit North Korea if officially invited, also saying he will “certainly” respond to such an invitation from the communist state. The remarks came in a meeting with South Korean president Moon Jae-in, who paid a courtesy call on the pope to deliver [...]