SEOUL, Aug. 28 (Korea Bizwire) — The Bank of Korea submitted a report to the Strategy and Finance Committee of the National Assembly today in which it predicted that this year’s economic growth would fall short of 3 percent despite the improving global economy and supplementary revisions made to the national budget. The central bank [...]
SEOUL, Aug. 28 (Korea Bizwire) — Foreign ownership of listed firms belonging to South Korea’s top 10 conglomerates tumbled nearly 4.6 percent over the past month amid a market correction, data showed Monday. Offshore investors held a combined 349.2 trillion won (US$310 billion) worth of shares in 95 listed firms of the leading business groups [...]
SEOUL, Aug. 24 (Korea Bizwire) — Gold-related funds in South Korea have posted stellar returns over the past month, data showed Thursday, as geopolitical risks chilled the stock market and stoked investors’ flight to safety. Those funds posted an average return of 3.49 percent in the month to Wednesday, the top performer among local investment [...]
SEOUL, Aug. 18 (Korea Bizwire) — Foreign ownership of stocks traded on South Korea’s secondary stock market has hit a new high, data showed Friday, as offshore investors turn to undervalued tech firms there after exiting the main bourse. As of Thursday, offshore investors held 25.98 trillion won (US$22.8 billion) worth of shares traded on [...]
SEOUL, Aug. 11 (Korea Bizwire) – South Korean stocks ended lower Friday as foreign investors sold local stocks amid escalating tensions between North Korea and the United States. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index lost 39.76 points, or 1.69 percent, to 2,319.71. Foreign investors offloaded shares [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korean analysts are divided over how much the local stock market will drop down the road following a recent downturn sparked by foreign selling and other negatives. Some fear the key price index may sink below the psychologically important 2,300-point level on foreign investors’ massive profit-taking, the so-called [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea’s real estate investors may move their money to the stock market following tough government measures to cool the overheating housing market, analysts said Friday. In a desperate bid to rein in soaring apartment prices, the government unveiled a package of measures Wednesday, including the designation of areas [...]
SEOUL, Aug. 2 (Korea Bizwire) — Chip giant SK hynix Inc. posted the highest operating margin among large-gap companies in the second quarter of the year on its strong semiconductor business, data showed Wednesday. The consolidated operating margin of SK hynix, the crown jewel of South Korea’s No. 3 conglomerate SK Group, came to 45.6 [...]
SEOUL, Aug. 1 (Korea Bizwire) — With the likes of Kakao Bank and K-Bank stirring up a storm in the South Korean banking industry, traditional banks are flocking to recruit IT professionals to jump on the online bandwagon. Following the success of online-only banks in recent months that seems to be reshaping the landscape of [...]
SEOUL, Aug. 1 (Korea Bizwire) — A new report has revealed that American and British investors are the biggest traders of South Korean stocks, accounting for over 50 percent of all foreign stock buyers. Data released by the Financial Supervisory Service (FSS) on Tuesday showed stocks traded in the South Korean market by foreign investors [...]