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Institutions’ Foreign Securities Holdings Down 5 pct in Q3

Institutions’ Foreign Securities Holdings Down 5 pct in Q3

SEOUL, Dec. 2 (Korea Bizwire) — South Korean institutions’ investment in foreign securities shrank 5 percent in the third quarter due to estimated losses from their bond and stock holdings, central bank data showed Friday. The outstanding value of foreign securities held by local institutional investors stood at US$354.93 billion as of end-September, down $18.69 [...]

S. Korea Seeks to Change Dividend-linked Rules to Attract More Foreign Investment to Stock Market

S. Korea Seeks to Change Dividend-linked Rules to Attract More Foreign Investment to Stock Market

SEOUL, Nov. 28 (Korea Bizwire) — South Korea will push to change regulations in a way that would allow investors to know how much they would receive in dividends before buying stocks in a bid to attract more foreign investment in the local equity market, a senior official of the country’s top financial regulator said [...]

KRX Probing 2 Foreign Brokerages for Improperly Affecting Stock Prices

KRX Probing 2 Foreign Brokerages for Improperly Affecting Stock Prices

SEOUL, Nov. 23 (Korea Bizwire) — South Korea’s bourse operator has launched a probe into two foreign brokerages on suspicions that they might have improperly affected stock prices through massive trading ahead of a global index rebalancing last year, market sources said Wednesday. The Korea Exchange (KRX) is looking into whether those firms — Morgan [...]

Foreigners Turn Net Buyers of Korean Stocks in Oct. on Dip-buying

Foreigners Turn Net Buyers of Korean Stocks in Oct. on Dip-buying

SEOUL, Nov. 9 (Korea Bizwire) — Foreign investors turned net buyers of South Korean stocks in October despite continued global monetary tightening as they picked up oversold shares, central bank data showed Wednesday. Foreigners’ stock investment funds logged a net inflow of US$2.49 billion in October, swinging from the previous month’s net outflow of $1.65 [...]

Card Issuers Downsize Auto Loans amid Difficulty in Raising Funds

Card Issuers Downsize Auto Loans amid Difficulty in Raising Funds

SEOUL, Nov. 8 (Korea Bizwire) — A number of South Korea’s credit issuers and credit finance firms are downsizing their auto installment financing offerings due to the difficulty in raising funds in a prolonged high interest rate. For these companies, installment interest rates for new cars (based on an installment period of 60 months) stood [...]

‘Korean Paper’ Hit Hard by Insurer’s Uncalled Bonds

‘Korean Paper’ Hit Hard by Insurer’s Uncalled Bonds

SEOUL, Nov. 7 (Korea Bizwire) – Foreign currency-denominated securities sold by South Korean financial institutions have taken a big hit from a local insurer’s recent decision not to exercise a call option for long-term hybrid bonds, which is widely feared to negatively affect their future overseas issues. A week ago, second-tier insurer Heungkuk Life Insurance [...]

S. Korean Investors Scoop Up U.S. Tech Stocks Despite Earnings Shocks

S. Korean Investors Scoop Up U.S. Tech Stocks Despite Earnings Shocks

SEOUL, Nov. 7 (Korea Bizwire) — Even during the week when American big tech firms reported disappointing third-quarter results and suffered a sharp decline in stock prices, South Korean investors net bought a substantial amount of their stocks, data showed Sunday. Meta Platforms Inc., the operator of Facebook, ranked first in terms of net buying [...]

SK to Issue Long-term Commercial Papers amid Frozen Corporate Bond Market

SK to Issue Long-term Commercial Papers amid Frozen Corporate Bond Market

SEOUL, Nov. 4 (Korea Bizwire) — SK Group, South Korea’s second-largest conglomerate by assets, is set to issue its first commercial papers (CPs), indicating that even large companies are having difficulty raising funds through the issuance of corporate bonds. SK Inc., the holding company of SK Group, plans to issue three-year and five-year maturity CPs [...]