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South Korean Investors Eye Brazilian, and Mexican Government Bonds

South Korean Investors Eye Brazilian, and Mexican Government Bonds

SEOUL, Jul. 21 (Korea Bizwire) — An increasing number of South Korean investors are showing interest in government bonds from countries such as Brazil, Mexico and Russia, with the value of Brazilian government bonds sold in South Korea during the first half of this year estimated to be around three trillion won, according to recent [...]

National Pension Fund Raises Holdings of Samsung, SK Hynix Stocks

National Pension Fund Raises Holdings of Samsung, SK Hynix Stocks

SEOUL, Jul. 19 (Korea Bizwire) — South Korea’s national pension fund has raised its holdings of stocks in Samsung Electronics Co. and SK hynix Inc. apparently to capitalize on the global semiconductor industry boom, market data showed Wednesday. The National Pension Fund held 85.4 trillion won (US$75.8 billion) worth of stocks in 100 companies in [...]

Value of Overseas Investment Funds Soars over Past Year

Value of Overseas Investment Funds Soars over Past Year

SEOUL, Jul. 16 (Korea Bizwire) — The value of South Korea’s overseas investment funds has jumped more than 40 percent over the past year as big-time investors look overseas for high returns despite the recent bull of the domestic stock market, data showed Sunday. According to the data by the Korea Financial Investment Association, the [...]

Foreign Ownership of Stocks Hit All-time High amid Sound Corporate Earnings: Data

Foreign Ownership of Stocks Hit All-time High amid Sound Corporate Earnings: Data

SEOUL, Jul. 13 (Korea Bizwire) — Foreign ownership of South Korean stocks hit a record high recently, buttressed by sound corporate earnings and expectations of a global economic recovery, market data showed Thursday. The market capitalization of stocks held by foreigners stood at 602 trillion won (US$528 billion) as of Tuesday, the largest ever according [...]

Mo’ Money Mo’ Problems: Digital Currency Landscape Riddled with Fraud

Mo’ Money Mo’ Problems: Digital Currency Landscape Riddled with Fraud

SEOUL, Jul. 12 (Korea Bizwire) — It’s a brave new world that brings new technology but the same old problems. Rising values of cryptocurrencies (digital currencies) such as Bitcoin and Ethereum have attracted the attention of droves of investors and speculators, but fraudulent investment companies have risen up in their wake. The Korean National Police Agency [...]

CJ Cheiljedang to Sell Stake in Samsung Affiliate via Block Deal

CJ Cheiljedang to Sell Stake in Samsung Affiliate via Block Deal

SEOUL, Jul. 12 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading maker of processed foods, said Wednesday it will sell all of its stake in Samsung’s life insurer through block trading, as the company pushes to jack up investment. The company will unload 2.98 million shares worth 357 billion won (US$311 million), or a [...]

S. Korea Ranks 2nd among Emerging Markets in Stock Purchases by Foreigners in H1: Data

S. Korea Ranks 2nd among Emerging Markets in Stock Purchases by Foreigners in H1: Data

SEOUL, Jul. 11 (Korea Bizwire) — South Korea ranked second among emerging economies in the amount of stocks purchased by foreign investors during the first six months this year, market data showed Tuesday. Foreigners net bought US$9 billion worth of South Korean stocks during the January-June period, the second largest only after Taiwan’s $9.4 billion, [...]

Individuals Shy Away from Bullish Market Led by Large Cap Stocks: Data

Individuals Shy Away from Bullish Market Led by Large Cap Stocks: Data

SEOUL, Jul. 6 (Korea Bizwire) — South Korea’s retail investors are generally staying away from the local bourses, industry data showed Thursday, as foreigners and institutions pushed up stocks to record highs in recent months backed by improving corporate earnings and resilient exports. The KOSPI main bourse has risen 18 percent in the first six [...]

South Korean Equity Funds Sold to Global Investors Quadrupled in First Half

South Korean Equity Funds Sold to Global Investors Quadrupled in First Half

SEOUL, Jul. 3 (Korea Bizwire) — Amid growing preference for emerging markets among global investors, the sales of South Korean equity funds more than quadrupled during the first half of 2017, an industry report said. According to an industry report released on Monday by Mirae Asset Daewoo Securities and EPFR Global, the volume of South [...]