SEOUL, Jan. 12 (Korea Bizwire) – Foreign investors turned net sellers of South Korean securities for the first time in three months in December amid high U.S. interest rates, central bank data showed Thursday. Their combined investment funds in local securities — stocks and bonds — came to a net outflow of US$2.42 billion last [...]
SEOUL, Jan. 3 (Korea Bizwire) — The value of shares held by South Korea’s 33 major business group chiefs tumbled nearly 30 percent in 2022 amid a bearish stock market, a corporate tracker said Tuesday. The business tycoons held stocks worth a combined 45.9 trillion won (US$35.9 billion) as of the end of December 2022, [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korean stocks ended the year 2022 sharply down, marking the first annual loss in four years on global monetary tightening and economic recession woes. On Thursday, the last trading session of this year, the benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,236.40 points, down 1.93 percent [...]
SEOUL, Dec. 28 (Korea Bizwire) — The number of newcomers on the country’s tech-laden KOSDAQ market this year reached the highest ever since 2002, the bourse operator said Wednesday. A total of 129 firms made their debuts on the KOSDAQ market this year, the highest since 2002, when 153 companies were newly listed, according to [...]
SEOUL, Dec. 21 (Korea Bizwire) — South Korean securities firms were found to be borrowing at low interest rates but issuing loans to customers at significantly higher rates, the country’s financial regulator said Tuesday. Brokerage firms had borrowed funds at an interest rate of 3.02 percent as of Sept. 29, but the interest rates for [...]
SEOUL, Dec. 9 (Korea Bizwire) — Foreign investors remained net buyers of South Korean stocks for the second straight month in November amid expectations the U.S. Federal Reserve will slow the pace of rate increases and China could ease strict coronavirus restrictions, central bank data showed Friday. Foreigners’ stock investment funds logged a net inflow [...]
SEOUL, Dec. 8 (Korea Bizwire) — Asset management firms in South Korea saw their combined net earnings plunge more than 40 percent in the third quarter due to declined fees and profits from securities investments amid sluggish financial markets, data showed Thursday. The combined net income of 414 asset management firms stood at 362.5 billion [...]
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 [...]
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 [...]
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 [...]