Financial Market Archives | Be Korea-savvy

Archive by category Financial Market

S. Korean Richest Stockholders Suffer Asset Decline amid Slumping Market

S. Korean Richest Stockholders Suffer Asset Decline amid Slumping Market

SEOUL, Aug. 12 (Korea Bizwire) — The combined value of stocks owned by South Korea’s 100 richest shareholders has fallen 11 percent, as the local stock market is reeling from an escalating trade feud between Washington and Beijing and another trade row between South Korea and Japan, industry data showed Sunday. According to the data [...]

Robo-Advisors’ One-Year Return Rate Surpasses Benchmark Stock

Robo-Advisors’ One-Year Return Rate Surpasses Benchmark Stock

SEOUL, Aug. 9 (Korea Bizwire) — Despite this year’s bear market, robo-advisors (RA) have achieved a return rate that surpassed benchmarks in comparison. Robo-advisors, a combination of the words ‘robot’ and ‘advisor,’ automate the distribution of investment assets through computer algorithms. According to Koscom Corp., South Korea’s technology developer for brokerage houses, the rate of [...]

Korea Won Set to Lose Further Ground amid Trade Tensions, Fed Concerns

Korea Won Set to Lose Further Ground amid Trade Tensions, Fed Concerns

SEOUL, Aug. 5 (Korea Bizwire) — In the face of the escalating American-Sino trade war, its own trade feud with Japan and its worsening economic conditions, South Korea’s currency is set to further slide in the coming weeks, probably touching the 1,250-won threshold. The Korean won closed at 1,215.30 won against the greenback, plunging 17.3 [...]

Japanese Funds Show No Unusual Signs Despite Trade Row

Japanese Funds Show No Unusual Signs Despite Trade Row

SEOUL, Aug. 5 (Korea Bizwire) — South Korea’s financial watchdog said Monday it has found no indications of unusual behavior among Japanese investors in the South Korean capital market despite an escalating bilateral trade row. The neighboring countries have been locked in a trade dispute since Tokyo imposed curbs on exports of high-tech materials to [...]

S. Korea Sees Limited Impact from Japanese Savings Banks Scaling Back Operations

S. Korea Sees Limited Impact from Japanese Savings Banks Scaling Back Operations

SEOUL, Jul. 29 (Korea Bizwire) — South Korea’s financial watchdog said Monday that there will be limited impact if Japanese savings banks operating here scale back their exposure amid an escalating trade row between the two nations. The value of outstanding loans extended by four Japanese savings banks in South Korea, including SBI Savings Bank [...]

Damage from Cryptocurrency-related Crimes Estimated at 2.7 tln Won

Damage from Cryptocurrency-related Crimes Estimated at 2.7 tln Won

SEOUL, Jul. 21 (Korea Bizwire) — The financial damage caused by cryptocurrency-related crimes reached nearly 2.7 trillion (US$2.3 billion) over the past two years, government data showed Sunday. The financial loss of scams and fraud involving cryptocurrencies came to 2.69 trillion won between July 2017 and June 2019, according to the data from the justice [...]

Professionals Become Advisors in the Thriving Cryptocurrency Market

Professionals Become Advisors in the Thriving Cryptocurrency Market

SEOUL, Jul. 19 (Korea Bizwire) — Professionals from both South Korea and abroad are gathering in the blockchain market as the popularity of cryptocurrencies continues to expand rapidly. Former executives from major IT, finance, and venture investment firms in the country and abroad are joining blockchain businesses as advisors. David Park, the former head of [...]

About 770 Foreigners Granted Resident Status Under Immigrant Investor Program

About 770 Foreigners Granted Resident Status Under Immigrant Investor Program

SEOUL, Jul. 4 (Korea Bizwire) — Nearly 770 foreign investors have been permitted to live legally in South Korea over the past six years under a government immigrant investor program, the Ministry of Justice said Thursday. Under the Immigrant Investor Scheme for Public Business (IISPB) program launched in May 2013, a total of 766 foreigners [...]