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 [...]
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 [...]
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 [...]
SEOUL, Jul. 13 (Korea Bizwire) — Samsung Electronics Co.’s market cap has grown to exceed that of the entire secondary bourse and more than make up for the company’s erased stocks this year, data showed Thursday. The market cap of the tech firm as of the end of trading Wednesday was 362 trillion won (US$316.7 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]