SEOUL, May 22 (Korea Bizwire) — There are over 20,000 overseas funds – the likes of billionaire Paul Singer’s Elliott Management Corp – that have invested in the South Korean stock market, according to the Financial Supervisory Service (FSS). As of March, the number of foreign collective investment companies, or “funds”, registered with the government [...]
SEOUL, May 21 (Korea Bizwire) — As the South Korean population slowly ages, the number of elderly investors over 65 are also on the rise in the finance industry. According to a report released on Saturday by the Financial Supervisory Service, 23.6 percent (23.5 trillion won) of the total funds offered by financial institutions (99.9 [...]
SEOUL, May 21 (Korea Bizwire) — As warnings of a bursting bubble and toughening state regulations have led to a drastic downturn of South Korea’s digital currency market, local exchanges are struggling over how to remain viable going forward. Some have moved to diversify their businesses by making the most out of blockchain technology, but [...]
SEOUL, May 8 (Korea Bizwire) — South Korea’s major biopharmaceutical firm Samsung BioLogics Co., which has been embroiled in an alleged violation of accounting rules, on Tuesday expressed concern over the financial watchdog’s disclosure of sensitive information. “We express deep concern and regret over the situation where sensitive information surrounding the case, which is under [...]
SEOUL, May 7 (Korea Bizwire) — Investments in stocks carried out using funds loaned to individuals have reached a new record high, according to the Korea Financial Association, which announced yesterday that the balance of loans on margin accounts stood at 1.2 trillion won as of May 3, the highest value ever recorded. The loans [...]
SEOUL, May 4 (Korea Bizwire) — The Korea Exchange announced Thursday that it has initiated a new market surveillance system based on artificial intelligence. The main bourse operator said the construction of the new system, EXIGHT, was complete and a kickoff celebration was held the same day. EXIGHT is a portmanteau of the words “exchange” [...]
SEOUL, May 2 (Korea Bizwire) — The National Pension Service (NPS), a key player in the domestic stock market, included two firms on its blacklist for paying low dividends to shareholders. According to the NPS, a special committee held a meeting on Wednesday last week and voted to reveal that Namyang Dairy Products and Hyundai [...]
SEOUL, Apr. 25 (Korea Bizwire) — Nearly half of cash dividends from South Korean conglomerates last year went to foreign shareholders, with Samsung Electronics leading the pack, data from the financial regulator showed Wednesday. The top 30 listed firms in terms of market cap paid 17.39 trillion won (US$16.13 billion) in cash dividends in 2017, [...]
SEOUL, Apr. 19 (Korea Bizwire) — A peace treaty that would finally end the 1950-53 Korean War, one of the growing prospects for the upcoming cross-border summit next week, may also end the chronic “Korea discount” in the stock market, analysts said Thursday. South Korean President Moon Jae-in will meet North Korea’s top leader Kim [...]
SEOUL, Apr. 18 (Korea Bizwire) — Retail investors have expanded their portfolio in South Korea’s junior KOSDAQ bourse, leading to the market’s recent upturn, data showed Wednesday. On Tuesday, the tech-laden KOSDAQ rose 0.48 percent to close at 901.22, the first time in about two and half months that the index surpassed the 900-point mark. [...]