SEOUL, Aug. 26 (Korea Bizwire) – In a symbolic move to show the government’s determination to help foster South Korea’s parts and materials production industry against Japan’s export restrictions, President Moon Jae-in on Monday invested 50 million won (US$41,135) in a relevant stock fund. He visited the headquarters of NH Nonghyup Bank in Seoul and subscribed [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s financial regulator said Thursday it will begin inspecting financial firms later this week over sales of controversial derivative products that carry the risk of losing nearly all investment. Choi Jong-ku, chairman of the Financial Services Commission (FSC), told lawmakers that financial authorities will start an inspection into [...]
SEOUL, Aug. 19 (Korea Bizwire) — Cases of suspicious financial transactions in South Korea jumped last year, a report showed Monday, in line with the government’s regulations of cryptocurrency trading. A total of 972,320 suspected cases of money laundering or fraud were filed with financial authorities in 2018, up 86.5 percent from a year ago, [...]
SEOUL, Aug. 12 (Korea Bizwire) — The combined value of stocks owned by South Korea’s 100 richest shareholders has fallen 11 percent, as the local stock market is reeling from an escalating trade feud between Washington and Beijing and another trade row between South Korea and Japan, industry data showed Sunday. According to the data [...]
SEOUL, Aug. 9 (Korea Bizwire) — Despite this year’s bear market, robo-advisors (RA) have achieved a return rate that surpassed benchmarks in comparison. Robo-advisors, a combination of the words ‘robot’ and ‘advisor,’ automate the distribution of investment assets through computer algorithms. According to Koscom Corp., South Korea’s technology developer for brokerage houses, the rate of [...]
SEOUL, Aug. 5 (Korea Bizwire) — In the face of the escalating American-Sino trade war, its own trade feud with Japan and its worsening economic conditions, South Korea’s currency is set to further slide in the coming weeks, probably touching the 1,250-won threshold. The Korean won closed at 1,215.30 won against the greenback, plunging 17.3 [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korea’s financial watchdog said Monday it has found no indications of unusual behavior among Japanese investors in the South Korean capital market despite an escalating bilateral trade row. The neighboring countries have been locked in a trade dispute since Tokyo imposed curbs on exports of high-tech materials to [...]
SEOUL, Jul. 29 (Korea Bizwire) — South Korea’s financial watchdog said Monday that there will be limited impact if Japanese savings banks operating here scale back their exposure amid an escalating trade row between the two nations. The value of outstanding loans extended by four Japanese savings banks in South Korea, including SBI Savings Bank [...]
SEOUL, Jul. 28 (Korea Bizwire) — The daily average trading volume at South Korea’s main bourse reached the lowest level in 30 months in July, data showed Sunday, as investors’ sentiment was hurt by the global trade disputes. As of Friday, the daily average trading volume on the main bourse reached 4.3 trillion won (US$3.63 [...]
SEOUL, Jul. 22 (Korea Bizwire) — An increasing number of South Korean finance and investment companies are going beyond preferring suits and ties to allow employees to wear the clothes of their choice. Many finance firms are introducing the new policy to reflect the fact that taking off a tie helps to drop perceived body [...]