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Alzheimer’s Insurance Increasingly Popular Among S. Koreans

Alzheimer’s Insurance Increasingly Popular Among S. Koreans

SEOUL, Jan. 16 (Korea Bizwire) — Insurance plans for Alzheimer’s disease have jumped in sales after the illness gained public interest in recent months. The Korea Credit Information Services reported on Wednesday that the number of applications for Alzheimer’s insurance plans reached 1.3 million early last year, up threefold since the second half of the [...]

Investors Park More Money in Overseas Funds in Search of High Returns

Investors Park More Money in Overseas Funds in Search of High Returns

SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s overseas investment funds almost doubled in terms of net asset value to account for nearly 30 percent of the country’s investment funds last year, as investors bet on higher yields outside the bearish domestic market, data showed Tuesday. According to the data by the Korea Financial Investment [...]

S. Korean Wealth Creators Accumulate 1.57 bln Won Until Retirement

S. Korean Wealth Creators Accumulate 1.57 bln Won Until Retirement

SEOUL, Jan. 14 (Korea Bizwire) — South Korean wealth creators accumulate an average of 1.57 billion won (US$1.4 million) through savings and investment, a recent study revealed. Standard Chartered Bank Korea Ltd., the local unit of Britain-based banking giant Standard Chartered PLC., joinly conducted a survey of 1,000 wealth creators in Seoul and Busan. They [...]

Beauty Firms, Duty-free Operators Soar amid Hopes for Lifting of China Sanctions

Beauty Firms, Duty-free Operators Soar amid Hopes for Lifting of China Sanctions

SEOUL, Jan. 13 (Korea Bizwire) –- Major South Korean cosmetics and duty-free operators traded higher Monday amid hopes that China may lift its retaliatory economic measures under way for years against Seoul’s decision to deploy a U.S. anti-missile system here. Amorepacific Corp., the country’s top cosmetics maker, closed at 232,000 won(US$200), up 5.22 percent from [...]

Wealth Management Service Increasingly Popular in S. Korea

Wealth Management Service Increasingly Popular in S. Korea

SEOUL, Jan. 6 (Korea Bizwire) — South Korea’s wealth management services market is rapidly expanding as an increasing number of high-net-worth individuals in Asia’s fourth-largest economy look for reliable, effective means to manage their assets. Private banking (PB) and wealth management services have long been exclusively tailored to a limited number of customers that include [...]