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Stock Funds in Emerging Markets Thrive with High Profitability

Stock Funds in Emerging Markets Thrive with High Profitability

SEOUL, March 23 (Korea Bizwire) – Stock funds in emerging financial markets have become a newfound investment destination among South Koreans this year, with promising returns, said local market researcher KG Zeroin.  According to data compiled by the firm, of overseas stock funds with a minimum of 1 billion won ($892,618) in assets and a [...]

Market Cap of Foreign-Owned Stocks Tops 511 Tln Won

Market Cap of Foreign-Owned Stocks Tops 511 Tln Won

SEOUL, March 14 (Korea Bizwire) – The combined market capitalization of South Korean stocks held by foreigners has exceeded 511 trillion won (US$445 billion), hitting an all-time high, data showed Tuesday.  Foreigners have purchased a net 4.22 trillion won worth of shares here this year alone, helping drive up the benchmark index KOSPI to 2,117.59 [...]

Protectionism in US and China Takes Toll on South Korean Economy

Protectionism in US and China Takes Toll on South Korean Economy

SEOUL, March 7 (Korea Bizwire) – Import restrictions in the U.S. and China against South Korean products targeting steel, electronics and cosmetics are on the rise, the Korea International Trade Association said today. As of February, 23 restrictions are being imposed on Korean products exported into the US, and 13 in China. The number is up [...]

Mobile Devices More Popular Than Desktop PCs for Korean Online Shoppers

Mobile Devices More Popular Than Desktop PCs for Korean Online Shoppers

SEOUL, Mar. 7 (Korea Bizwire) – Over half of South Korean consumers now shop online through a mobile device, rather than a desktop computer, according to Statistics Korea. In January of this year, online shopping through mobile devices accounted for more than 58 percent of all online sales in South Korea, the highest percentage since records [...]

Korean Youth Increasingly Indifferent to Stock Investing

Korean Youth Increasingly Indifferent to Stock Investing

SEOUL, Feb. 21 (Korea Bizwire) – The local stock market is struggling to attract young investors amid prolonged economic hardships, a record high youth unemployment rate, and an increasing number of “house poor” individuals and families.  Besides the fact that the benchmark Korea Composite Stock Price Index (KOSPI) has hovered in the same 1,850 – [...]

NPS Set to Buy 10 Tln Won of Stocks This Year

NPS Set to Buy 10 Tln Won of Stocks This Year

SEOUL, Feb. 7 (Korea Bizwire) – South Korea’s state pension fund plans to invest nearly 10 trillion won (US$8.8 billion) in top-cap Samsung Electronics and other domestic stocks this year, a senior official said Tuesday, sparking hopes it could help boost the local stock market.  The planned investment would raise stock investments by the National [...]

Foreign Holdings of S. Korean Stocks Top 500 Tln Won

Foreign Holdings of S. Korean Stocks Top 500 Tln Won

SEOUL, Feb. 6 (Korea Bizwire) – The total value of South Korean stocks under foreign ownership has exceeded 500 trillion won (US$440 billion) for the first time on indications of a global economic recovery and improved earnings by some local giants, data showed Monday.  Foreign investors owned 501.9 trillion won worth of shares here as [...]

Digital Disruption Sweeps Through Korean Banking Industry

Digital Disruption Sweeps Through Korean Banking Industry

SEOUL, January 30 (Korea Bizwire) – Digital disruption and cutthroat competition are shaking up the banking industry, with thousands of employees making the transition away from financial services jobs that were long considered as some of the most lucrative in Korea. The emergence of the fintech revolution leaves the prospects for the banking industry uncertain. [...]