SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s National Pension Service (NPS) will overhaul its 1,200 trillion won (US$905 billion) investment governance structure to enhance the professionalism and agility of how the world’s third-largest pension fund manages its growing assets. Under the new system, the NPS will split its single Investment Committee into two separate [...]
SEOUL, Nov. 5 (Korea Bizwire) — South Korea’s top financial regulator vowed Wednesday to reconsider compensation standards for investors in the so-called Belgian Fund scandal if evidence of mis-selling is confirmed, as part of a broader push to strengthen consumer protection in the financial sector. Lee Chan-jin, governor of the Financial Supervisory Service (FSS), made the [...]
SEOUL, Nov. 5 (Korea Bizwire) – The number of South Koreans that remain economically inactive rose from a year earlier in 2025, amid a steady increase in the number of people who say they have no particular reason for not working, government data showed Wednesday. A total of 16.22 million individuals had remained economically inactive [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s rapid adoption of industrial robots has boosted employment among younger workers under 45, while reducing job opportunities for older employees, a new study shows—highlighting how automation is reshaping the nation’s labor market and education trends. According to a report released Sunday by the Korea Labor Institute titled [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s National Pension Service (NPS) has achieved its highest-ever investment return this year, buoyed by a record-breaking rally in the local stock market that sent its annual yield soaring above 20 percent as of the end of October, according to industry sources. The fund’s assets under management have surpassed [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s benchmark KOSPI index, which recently broke the 4,000-point mark for the first time in history, has ignited a wave of participation from wealthy individual investors making large-scale trades. According to the Korea Exchange, individual investors placed an average of 28,729 orders worth at least 100 million won ($73,000) [...]
SEOUL, Nov. 3 (Korea Bizwire) — After a steep rally followed by a sharp correction, global gold prices appear to be stabilizing and preparing for another climb, analysts said Sunday. According to data from the Chicago Mercantile Exchange’s COMEX market, December gold futures closed at $4,013.40 per ounce on October 31, down 0.06 percent from the [...]
SEOUL, Oct. 31 (Korea Bizwire) – Global investment banks assessed Friday that the trade deal reached between Seoul and Washington this week has eased uncertainties and is expected to provide an upward momentum to the South Korean stock market. On Wednesday, U.S. President Donald Trump agreed to reduce “reciprocal” tariffs on South Korea to 15 [...]
SEOUL, Oct. 31(Korea Bizwire) — South Korea is set to launch its first interbank-style foreign exchange brokerage platform for institutional clients, allowing companies, pension funds, and asset managers to compare multiple bank quotes in real time and trade at the most favorable rates. FXONE, the nation’s first customer-facing foreign exchange brokerage firm, held its inaugural general [...]
SEOUL, Oct. 30 (Korea Bizwire) – South Korea began exporting its premium “hanwoo” beef to the United Arab Emirates on Thursday, making the Middle Eastern country the fifth official overseas destination for the prized meat, the agriculture ministry said. The government shipped about 1.5 tons of hanwoo worth 250 million won (US$175,426) to the UAE [...]