SEOUL, Feb. 16 (Korea Bizwire) — Bond yields in South Korea are climbing at a fast pace on hopes of an economic recovery and more stimulus measures in major economies, analysts said Tuesday. The final offer rate on 10-year Treasurys came to an annual 1.871 percent on the local bond market Monday, the highest return [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s state pension fund is estimated to have chalked up massive profits from its holdings of shares in electric vehicle leader Tesla Motors Inc. with the share price rising at an explosive pace in recent years. The National Pension Service (NPS) made its first disclosure that it owned [...]
SEOUL, Feb. 11 (Korea Bizwire) — Foreign investors raked in bio and chemical shares while dumping chip and auto stocks during the past two weeks of adjustment, putting the key stock index in a tight band. The benchmark Korea Composite Stock Price Index (KOSPI) has been in a lengthy adjustment period since Jan. 26, after [...]
SEOUL, Feb. 9 (Korea Bizwire) — Hyundai Engineering and Construction Co., a major South Korean builder, said Monday it had filed a patent for technology used to produce freeform molds through 3D printing. In collaboration with local 3D printing specialist 3D Factory Co., Hyundai E&C launched the drive to develop 3D printing-based freeform molds in [...]
SEOUL, Feb. 8 (Korea Bizwire) — South Korean retail investors have bet big on global tech giant Samsung Electronics this year, but their investments have failed to pay off due to a recent pullback in its share price, data showed Monday. Local individual investors have purchased a net 13.4 trillion won (US$11.9 billion) worth of [...]
SEOUL, Feb. 8 (Korea Bizwire) — South Korea’s major securities firms are busy expanding their server capacity as the explosive growth in the number of retail investors often causes a delay in access to their mobile trading systems (MTS). NH Investment & Securities Co. restricted some of its online services on Saturday as part of [...]
SEOUL, Feb. 3 (Korea Bizwire) – South Korea’s financial regulator said Wednesday it will again extend a ban on stock short selling until May 2, amid growing calls from retail investors to prohibit the hedging practice. The extension of the ban, which had been set to be lifted on March 15, also came after politicians [...]
SEOUL, Feb. 2 (Korea Bizwire) — Hyundai Capital Services Inc., South Korea’s leading auto finance company, said Tuesday that its has issued global green bonds worth US$600 million. The five-year bonds, which were sold to overseas investors, carry an annual interest rate of 1.25 percent, or the yield on five-year U.S. Treasurys plus a spread [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea will closely monitor a potential increase in market volatility as investors’ herb behavior, illustrated in the U.S. GameStop case, could frequently occur, the vice finance minister said Tuesday. Global stock markets recently underwent high fluctuations after retail investors snapped up shares of U.S. video game vendor GameStop, [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s sovereign wealth fund said Tuesday it earned US$21.8 billion from investment, boosted by stock rallies, as the coronavirus pandemic prompted central banks to cut rates and pump liquidity into markets. Choi Hee-nam, chief executive of Korea Investment Corp. (KIC), told reporters that its return on investment was [...]