SEOUL, May 12 (Korea Bizwire) — Hanwha Asset Management Co. said Wednesday it had listed the ARIRANG US Alternative Investment Top 10 MV exchange traded fund (ETF) on the South Korean bourse. The newly-released EFT invests in the top ten U.S. listed companies with more than 75 percent of their sales or managed assets coming [...]
SEOUL, May 8 (Korea Bizwire) — Turnover of South Korea’s main stock market plunged to similar levels seen during the onset of the COVID-19 pandemic as investors fret over the U.S. monetary tightening, data showed Sunday. The average daily turnover of the KOSPI market stood at 10.7 trillion won (US$8.4 billion) in the April 6-May [...]
SEOUL, May 5 (Korea Bizwire) — In the midst of a decline in the average age of stock investors, the number of Samsung Electronics Co. shareholders who are under 20 years old is rising at a rapid pace, data showed Wednesday. The number of small shareholders in global tech giant in this age group totaled [...]
SEOUL, April 28 (Korea Bizwire) — South Korea’s financial regulator on Thursday unveiled a guideline on the operation of “fractional investment,” vowing to step up monitoring of the fast-growing industry. The Financial Services Commission (FSC) also said it will determine whether fractional investment has the nature of “securities” by “comprehensively” taking into consideration terms of [...]
SEOUL, April 25 (Korea Bizwire) — South Korean brokerage house Hana Financial Investment Co. said on Monday that it signed a deal to purchase 35 percent stake in Vietnam-based brokerage BIDV Securities Co. The 142 billion won (US$113.8 million) deal makes Hana Financial the second largest shareholder of BIDV Securities, bolstering its presence in the [...]
SEOUL, April 24 (Korea Bizwire) — South Korean brokerages posted a 62 percent on-year gain in their combined overseas net profit last year on increased stock trading amid the COVID-19 pandemic, the financial regulator said Sunday. The country’s 13 securities companies reported US$305.9 million in overall overseas net income in 2021, up from $188.5 million [...]
SEOUL, April 21 (Korea Bizwire) — South Korean investors’ holdings of foreign securities reached a new all-time high in the first quarter of the year on an overseas investment boom, data showed Thursday. Local investors held overseas stocks and bonds worth a record US$101.68 billion as of end-March, up 1.08 percent from three months earlier, [...]
SEOUL, April 13 (Korea Bizwire) — Foreigners sold a net of some US$4 billion worth of South Korean stocks in March amid worries over the protracted war in Ukraine and the U.S. Federal Reserve’s aggressive move to tighten its monetary policy, central bank data showed Wednesday. Foreigners’ net stock selling came to $3.93 billion last [...]
SEOUL, April 8 (Korea Bizwire) — Shares of certain companies related to the extended operation of nuclear power plants are surging as the incoming government plans to reuse nuclear power plants that are currently scheduled to be retired. Wednesday’s stock price for Hanshin Machinery Co., a company that produces air compressors for nuclear power plants, [...]
SEOUL, April 6 (Korea Bizwire) — Lee Jae-yong, the chief of Samsung Group, South Korea’s top conglomerate, remained the country’s richest stockholder in the first quarter of the year despite a fall in the value of his shareholdings, a corporate tracker said Wednesday. Stock holdings of Lee, vice chairman of global tech titan Samsung Electronics [...]