SEOUL, Jul. 6 (Korea Bizwire) — South Korea’s retail investors are generally staying away from the local bourses, industry data showed Thursday, as foreigners and institutions pushed up stocks to record highs in recent months backed by improving corporate earnings and resilient exports. The KOSPI main bourse has risen 18 percent in the first six [...]
SEOUL, Jul. 3 (Korea Bizwire) — Amid growing preference for emerging markets among global investors, the sales of South Korean equity funds more than quadrupled during the first half of 2017, an industry report said. According to an industry report released on Monday by Mirae Asset Daewoo Securities and EPFR Global, the volume of South [...]
SEOUL, July 3 (Korea Bizwire) – The Financial Services Commission (FSC) is set to pass a reform bill which will require financial companies to record conversations with vulnerable elderly customers when selling derivative-linked securities, in a bid to address concerns over unscrupulous sales tactics. The FSC’s announcement about the new financial reforms came on Sunday amid [...]
SEOUL, July 3 (Korea Bizwire) – South Korea will not undergo a sharp drop in consumption despite the ever-rising household debt, a private think tank said Monday, citing growth in property and financial asset value. Households where the head of the family was over 55 have witnessed a 94.51 percent rise in income and 78.32 [...]
SEOUL, Jun. 30 (Korea Bizwire) — As stock markets of emerging Asian countries rallied this year, Indian funds yielded profits of more than 20 percent on average, outperforming other overseas equity funds. Healthcare funds and Chinese funds also performed well, but Russian and Brazilian funds dropped in value. On February 28, fund rating firm KG [...]
SEOUL, June 26 (Korea Bizwire) – The housing market in Seoul and its adjacent areas are in an expansion phase, South Korea’s central bank said Monday, a move that has prompted the government to crack down on speculative real estate investments. The Bank of Korea (BOK) said in a report that the housing prices in [...]
SEOUL, June 16 (Korea Bizwire) – South Korea’s won currency is likely to remain steady for the time being, despite U.S. Federal Reserve’s move to tighten its monetary policy, analysts here said Friday. The won has risen 6.9 percent against the U.S. dollar so far this year, and the local currency market showed a muted [...]
SEOUL, June 13 (Korea Bizwire) – The chief of South Korea’s central bank on Tuesday renewed his stance to maintain the current monetary easing policy to support growth despite a possible U.S. rate hike this week. “As I mentioned yesterday, we will maintain the accommodative monetary policy to help out with economic recovery. We cannot [...]
SEOUL, May 31 (Korea Bizwire) – South Korean stocks closed higher on Wednesday to snap a two-day losing streak as institutional buyers scooped up medical and telecoms shares offsetting a massive selling spree by foreigners following overnight Wall Street losses, analysts said. The Korean won rose against the U.S. dollar. The benchmark Korea Composite Stock [...]
SEOUL, May 30 (Korea Bizwire) – South Korean stocks ended slightly lower Tuesday as foreign investors and institutions offloaded large-cap stocks in an apparent move to lock in profits. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) shed 9.29 points, or 0.39 percent, to 2,343.68. Bae Sung-young, [...]