SEOUL, Sept. 17 (Korea Bizwire) — Medium-sized cryptocurrency exchanges in South Korea have discontinued trading pairs and payment services using the Korean currency as financial regulators are set to enforce tougher rules, according to market watchers Friday. By next Friday, both foreign and local cryptocurrency exchanges targeting Korean investors must register with the nation’s anti-money [...]
SEOUL, Sept. 17 (Korea Bizwire) — Stock transactions in South Korea spiked more than 70 percent in 2020 amid an investment craze among retail investors, data showed Friday. The value of stock trading in Asia’s fourth-largest economy stood at 35,397.3 trillion won (US$30.2 trillion) last year, up 70.5 percent from a year earlier, according to [...]
SEOUL, Sept. 16 (Korea Bizwire) — The volume of transactions processed through the decimal point trading service for foreign stocks has been on an upward trend since it was introduced three years ago. According to data that Rep. Youn Kwan-suk of the ruling Democratic Party received from the Financial Services Commission, the number of users [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s initial public offering (IPO) market is booming with mega deals this year, already smashing the previous high while several more big deals are scheduled for the remaining months. A total of 73 companies have raised a combined 16.1 trillion won (US$13.9 billion) through their listings in the [...]
SEOUL, Aug. 24 (Korea Bizwire) — Samsung Asset Management Co., South Korea’s top money manager, said Monday that its Samsung Global Metaverse Fund surpassed the 50 billion won mark in assets under management just two months after being released as the ‘metaverse’ emerging as a central theme for investors in the fund market. The fund, [...]
SEOUL, Aug. 22 (Korea Bizwire) — Foreign investors have been on a selling spree of South Korean stocks so far this year, selling nearly 31 trillion won (US$26 billion) of local shares, data showed Sunday. Offshore investors sold a net 30.72 trillion won between Jan. 1 and Friday, compared with net selling of 24.7 trillion [...]
SEOUL, Aug. 20 (Korea Bizwire) — Ko Kwang-nam invested 5 million won (US$4,251) in cryptocurrencies but lost about half of his holdings as the nation’s cryptocurrency markets showed signs of cooling down ahead of tougher regulations. As things stand, Ko, a 30-something office worker in Seoul, is likely to lose most of holdings because he [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korean retail investors have doubled their stake in Samsung Electronics Co. in eight months amid foreigners’ selling spree, data showed Thursday. Local individual investors had net-bought 394 million shares in the global tech behemoth as of Wednesday this year, or 6.6 percent of its outstanding shares, according to [...]
SEOUL, Aug. 17 (Korea Bizwire) — Some foreign cryptocurrency exchanges have distanced themselves from South Korea as Korean authorities are set to enforce tighter regulations against virtual coins. By Sept. 24, cryptocurrency exchanges targeting Korean investors must register with the nation’s anti-money laundering body and disclose their details on risk management. Under the tougher regulations, [...]
SEOUL, Aug. 15 (Korea Bizwire) — Giant chipmaker Samsung Electronics Co. saw its presence on the main bourse drop to the lowest in 23 months in terms of market capitalization amid a sharp drop, data showed Sunday. The tech behemoth’s value stood at some 444 trillion won (US$400 billion) as of Friday, or 19.43 percent [...]