SEOUL, Oct. 26 (Korea Bizwire) — Trading activity on South Korea’s main stock market has climbed to its highest level in more than four years, propelled by a powerful rebound in semiconductor shares and renewed retail and foreign investor interest. Average daily turnover on the Korea Composite Stock Price Index stood at 16.6 trillion won ($11.5 [...]
SEOUL, Oct. 26 (Korea Bizwire) – Foreigners’ ownership of shares listed on South Korea’s main bourse has topped 1,000 trillion won (US$694 billion) on the back of the robust performance of the market this year, data showed Sunday. The combined value of foreign holdings in the Korea Composite Stock Price Index (KOSPI) market came to [...]
SEOUL, Oct. 24 (Korea Bizwire) — Next week’s Asia-Pacific Economic Cooperation summit will turn the quiet, temple-dotted city of Gyeongju into a theater of global power politics. South Korea, long wedged between the gravitational pulls of Washington and Beijing, suddenly finds itself not as an observer, but as host—and potential broker—of an uneasy regional order. For [...]
SEOUL, Oct. 24 (Korea Bizwire) — South Korean high school graduates who fail to secure employment within three months of finishing school face dramatically lower chances of landing stable, well-paying jobs, according to new research released Thursday. The study, conducted by the Korea Educational Development Institute (KEDI), analyzed 792 high school graduates who did not pursue [...]
Related: Korea to Introduce First-Ever “Life Insurance Pension” Allowing Policyholders to Receive Death Benefits While Alive Understanding the Policy Shift Beginning October 30, South Koreans will be able to access a portion of their life insurance death benefits while still alive — transforming a traditionally posthumous payout into a living financial asset. The Financial Services Commission [...]
SEOUL, Oct. 23 (Korea Bizwire) — Beginning October 30, South Koreans will, for the first time, be able to convert death benefits from their life insurance policies into a steady stream of pension-style payments while still alive — a move regulators hope will reshape the country’s aging-era financial landscape. The Financial Services Commission (FSC) announced [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korea will overhaul its market surveillance framework this month, moving from an “account-based” to an “individual-based” monitoring system in an effort to better detect unfair trading and improve enforcement efficiency, financial regulators announced Wednesday. The Financial Services Commission (FSC) said that amendments to the Enforcement Decree of the Capital [...]
SEOUL, Oct. 22 (Korea Bizwire) — As negotiations over tariff reductions and investment pledges continue between Washington, Seoul, and Tokyo, The Wall Street Journal has cast doubt on the scale and practicality of the enormous investment commitments reportedly sought by the Trump administration. In an editorial published Tuesday, the paper warned that the administration’s demand — [...]
SEOUL, Oct. 22 (Korea Bizwire) — Shinhan Bank is introducing a new interactive savings product that merges gaming and personal finance, targeting younger customers who seek both fun and engagement in their banking experience. The bank said Monday that it has begun pre-registration for its “Arcade Savings” account through the Shinhan SOL Bank app, open until [...]
SEOUL, Oct. 21 (Korea Bizwire) — Samsung Asset Management said Monday it will launch a new exchange-traded fund (ETF) that invests in companies participating in South Korea’s national “Sovereign AI” project, underscoring growing investor confidence in the country’s bid to develop its own artificial intelligence infrastructure. The KODEX Korea Sovereign AI ETF, set to debut on [...]