SEOUL, May 21 (Korea Bizwire) — Corporate direct financing in South Korea surged more than 20 percent from a month earlier in April on a sharp increase in bond issuance, data showed Tuesday. Local companies raised a combined 24.6 trillion won (US$18.1 billion) by selling stocks and bonds last month, up 20.1 percent from the [...]
SEOUL, May 14 (Korea Bizwire) – Taihan Electric Wire emerged as the most actively traded stock on South Korea’s equity market on May 13, buoyed by expectations that the artificial intelligence boom will spur investment in power infrastructure to support expanding data centers. Shares of Taihan Electric Wire closed at 18,110 won on the main Kospi [...]
SEOUL, May 10 (Korea Bizwire) — Foreign investors scooped up Korean stocks in April for the sixth consecutive month on the back of hopes for a recovery in the chipmaking sector, central bank data showed Friday. Offshore investors bought a net US$1.92 billion worth of local stocks last month, following $3.84 billion worth of purchases [...]
SEOUL, May 7 (Korea Bizwire) — The vice chief of South Korea’s financial regulator highlighted the country’s strong economic conditions Tuesday, saying the economy is entering a recovery phase while its financial market remains very stable. Kim So-young, vice chair of the Financial Services Commission (FSC), made the remark in a video conference with representatives [...]
SEOUL, April 30 (Korea Bizwire) – South Korean public firms’ liabilities reached another high in 2023 as they borrowed more money for projects meant to ease housing problems and build infrastructure, the finance ministry said Tuesday. The combined debt of 324 public companies came to 709 trillion won (US$572.17 billion) last year, up 5.7 percent [...]
SEOUL, Apr. 25 (Korea Bizwire) – South Korea unveiled a plan Thursday to detect illegal stock short selling via a centralized monitoring system after it banned such trades in November last year. Under the plan, the Korea Exchange, the country’s bourse operator, will set up a monitoring system to detect illegal trades that short stocks [...]
SEOUL, Apr. 24 (Korea Bizwire) – The persistently high interest rate environment in South Korea has triggered a wave of cancellations for low-yielding savings-type insurance policies, driving down the two-year policy retention rate at insurers to a mere 65% last year, according to data released on April 23. The Financial Supervisory Service (FSS), the government’s financial [...]
SEOUL, Apr. 23 (Korea Bizwire) — Finance Minister Choi Sang-mok met with experts of economic and international affairs Tuesday and discussed responses to growing uncertainties in the Middle East, the finance ministry said. During a meeting of the international economic advisory panel in Seoul, experts called on the government to “check developments and assess potential [...]
SEOUL, April 21 (Korea Bizwire) – Corporate direct financing in South Korea shrank more than 22 percent from a month earlier in March due to a sharp decline in corporate bond issuances, data showed Sunday. Local firms raised a combined 20.5 trillion won (US$14.86 billion) by selling stocks and bonds last month, down 22.5 percent [...]
WASHINGTON, April 19 (Korea Bizwire) – The won-dollar exchange rate may move toward stabilization if tensions in the Middle East do not escalate further, the chief of South Korea’s central bank forecast Friday, noting “many uncertainties” stemming from developments in the region. Bank of Korea (BOK) Gov. Rhee Chang-yong made the prediction as concerns over [...]