Financial Market Archives | Be Korea-savvy

Archive by category Financial Market

Investment Banks Raise South Korea’s Investment Ratings

Investment Banks Raise South Korea’s Investment Ratings

SEOUL, May 24 (Korea Bizwire) – Global investment banks (IBs) have upgraded their investment ratings on South Korean stocks and hiked targets of its benchmark stock index on expectations for higher corporate earnings and other positives, a report showed Wednesday.  Among seven major foreign IBs, UBS, Nomura, Citi, Credit Suisse and Bank of America Merill [...]

S. Korean Stocks Reach Record High of 2,304 Fueled by Foreign Buying

S. Korean Stocks Reach Record High of 2,304 Fueled by Foreign Buying

SEOUL, May 22 (Korea Bizwire) – South Korean shares breached the 2,300-point mark for the first time ever as foreign investors scooped up major tech stocks amid sound corporate earnings, bucking overnight gains on Wall Street, analysts said. The Korean won sharply rose against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) [...]

Foreign Ownership of KOSDAQ Stocks Hits Record High

Foreign Ownership of KOSDAQ Stocks Hits Record High

SEOUL, May 17 (Korea Bizwire) – Foreign ownership of stocks traded on South Korea’s secondary stock market has reached a fresh high on expectations the country’s new government may take steps to boost smaller firms, data showed Tuesday.  As of Thursday, offshore investors held 23.3 trillion won (US$20.8 billion) worth of shares traded on the [...]

National Pension Fund Earns 13 Tln Won from Equity Investments This Year

National Pension Fund Earns 13 Tln Won from Equity Investments This Year

SEOUL, May 12 (Korea Bizwire) – South Korea’s national pension fund has earned nearly 13 trillion won (US$11.5 billion) from stock investments this year thanks to the bullish stock market, data showed Friday.  According to the data by market tracker FnGuide and industry sources, the value of 278 stocks, of which the National Pension Service [...]

S. Korea Imposes Levy on Financial Firms over Foreign Borrowing

S. Korea Imposes Levy on Financial Firms over Foreign Borrowing

SEOUL, May 12 (Korea Bizwire) — South Korea has imposed a levy on financial firms’ non-deposit foreign borrowing to ease volatility in capital flows, the central banks said Thursday. The Bank of Korea said 66 financial companies, including 17 local banks and 34 branches of foreign lenders, are required to pay 0.1 percent of their [...]

Equity Crowdfunding Emerges as New Investment Trend

Equity Crowdfunding Emerges as New Investment Trend

SEOUL, April 14 (Korea Bizwire) – Crowdfunding was a rather alien concept in South Korea up until 2015, when a revision to the Capital Market Act was passed by the National Assembly, paving the way for a practice called equity crowdfunding.  Unlike reward-based crowdfunding, which compensates sponsors with different prizes, equity crowdfunding allows the investor [...]