SEOUL, Dec. 3 (Korea Bizwire) – South Korean energy and telecom conglomerate SK Group plans to join hands with Chinese private equity firm Hillhouse Capital Group to create a mutual fund worth 1 trillion won (US$843 million) for investment in the Chinese food industry. SK China, SK’s Chinese unit, held a board meeting recently and passed [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korea’s social responsibility investment (SRI) market is growing rapidly due to interest in investments that place importance on the environment, social responsibility, and governance (ESG). Asset management firms have steadily introduced related funds this year as SRI has grown in importance and the market is expected to expand [...]
SEOUL, Nov. 18 (Korea Bizwire) — Big brokerages in South Korea saw their investment banking unit report solid profits in the first nine months of this year, overtaking commission fees as their main profit driver, data showed Monday. Mirae Asset Daewoo Co., the nation’s largest brokerage, reported an operating profit of 249.8 billion won (US$214.6 [...]
SEOUL, Nov. 14 (Korea Bizwire) – South Korea’s financial regulator on Thursday unveiled a raft of measures to better protect consumers in the wake of improper sales of derivatives linked to overseas interest rates that carry the risk of losing nearly all the money invested in them. Under the measures, banks will be banned from [...]
SEOUL, Nov. 12 (Korea Bizwire) — Green bond issues in South Korea more than doubled this year as energy and chemical firms sought to capitalize on low costs and burnish their corporate image, industry sources said Tuesday. The value of green bonds floated by 11 state and private companies totaled 6.04 trillion won (US$5.18 billion) [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korean investors are shifting their money into stocks out of safer bonds as risk appetite perks up on eased concerns over the U.S.-China trade spat, data showed Monday. Funds reserved for local stocks registered a net inflow of slightly over 320 billion won (US$276 million) in the one-month [...]
SEOUL, Nov. 10 (Korea Bizwire) — Samsung Group’s market capitalization has continued to grow this year, largely led by a sharp increase in the market capitalization of its flagship company, Samsung Electronics, data showed Sunday. As of the end of October, the combined market capitalization of the group’s 16 listed subsidiaries came to about 434.8 [...]
SEOUL, Nov. 5 (Korea Bizwire) — The number of private funds in South Korea has fallen sharply over the past three months in the wake of alleged trading irregularities and a liquidity crisis at a major player, data showed Tuesday. The country’s privately placed funds, including private equity funds and hedge funds, totaled 11,177 as [...]
SEOUL, Oct. 23 (Korea Bizwire) — A recent report has identified a correlation between the incidence of severe weather alerts and a drop in the stock market. Financial markets and consumers were also affected by weather forecasts and weather conditions, with credit card payments rising on sunny days. According to a report released Tuesday by [...]
SEOUL, Oct. 14 (Korea Bizwire) — While the private equity (PE) market has grown at a fast pace since deregulation in 2015, a number of problems have been exposed. According to Korea Financial Investment Association on Sunday, private equity funds (PEFs) are valued at 394.95 trillion won (US$333.2 billion), an all-time record. This year alone, [...]