Finance & Economy Archives | Be Korea-savvy

Archive by category Finance & Economy

Foreigners Dump Samsung Electronics amid Virus-fueled Recession Fears

Foreigners Dump Samsung Electronics amid Virus-fueled Recession Fears

SEOUL, March 24 (Korea Bizwire) — Foreign ownership of Samsung Electronics Co. has fallen to a 13-month low amid offshore investors’ selling binge sparked by fears over a coronavirus-induced global economic recession, data showed Tuesday. Foreign investors owned 55.37 percent of Samsung Electronics, the world’s No. 1 smartphone and memory chipmaker, as of Friday, according [...]

Derivatives Securities Feared to Lose Money on Sinking Stock, Oil Prices

Derivatives Securities Feared to Lose Money on Sinking Stock, Oil Prices

SEOUL, March 23 (Korea Bizwire) — South Korean investors in derivatives-tied securities could suffer big losses due to a global stock rout and plunging oil prices, industry sources said Monday. Sixteen major securities firms have posted online notices that they have sold a combined 1,077 equity-linked securities (ELS) and derivatives-linked securities (DLS) products that may [...]

Investors Rush for Stock Funds amid Market Crash, Hoping for Rebound

Investors Rush for Stock Funds amid Market Crash, Hoping for Rebound

SEOUL, March 16 (Korea Bizwire) — Investors injected more cash into equity funds as they expect a market rebound following volatility caused by the spreading coronavirus outbreak, data showed Monday. According to data compiled by market tracker FnGuide, the average yield of 961 domestic stock investment funds with a net asset value of 1 billion [...]

Foreign Investors Turn to Net Sellers of Local Stocks in Feb.

Foreign Investors Turn to Net Sellers of Local Stocks in Feb.

SEOUL, March 16 (Korea Bizwire) — Foreign investors became net sellers of South Korean stocks last month, ending their two-month buying spree, data showed Monday. Foreigners sold a net 3.22 trillion won (US$2.6 billion) worth of local stocks in February, according to the data from the Financial Supervisory Service (FSS). American investors sold a net [...]

Institutions Go Long on Stocks amid Market Havoc

Institutions Go Long on Stocks amid Market Havoc

SEOUL, March 13 (Korea Bizwire) — South Korean institutional investors have been loading up on stocks this month despite a virus-induced market crash, data showed Friday. The country’s state pension fund and other institutions remained in net buying mode between March 2 and Thursday, purchasing stocks worth nearly 1.1 trillion won (US$910 million), according to [...]