SEOUL, Jun. 17 (Korea Bizwire) — Uncertainties stemming from the escalating U.S.-China trade dispute and a slowdown in Asia’s fourth-largest economy are changing the way investors here behave, with many apparently rushing to buy what they believe to be safer assets, such as bonds, gold and houses, data showed Monday. Bond prices have skyrocketed to [...]
SEOUL, Jun. 14 (Korea Bizwire) — Various and viable tools are available for citizens here to respond to the ever-growing air pollution, and newlyweds Park Young-eun and Yeo Ryong-koo are also on the lookout for solutions to keep their home safe from fine dust. Recently, the couple who are considering buying a new apartment in [...]
SEOUL, Jun. 13 (Korea Bizwire) — Private investors in the real estate market are turning to Real Estate Investment Trusts (REITs) as the market is suffering from an overall slump following government restrictions. SG Lab, a research arm of the South Korean real estate marketing firm MB& Holdings Co., reported that the number of REITs [...]
SEOUL, Jun. 11 (Korea Bizwire) — The average number of home auctions throughout South Korea has surpassed 5,000 cases over the last two months. According to GG Auction, a South Korean court auction firm, the number of auctions of residences throughout the entire country reached 5,261 cases last month, surpassing 5,000 for the second month [...]
SEOUL, Jun. 10 (Korea Bizwire) — Short-selling of stocks on the South Korean bourses jumped to a seven-month high in May as local shares remained bearish amid escalating trade tension between the U.S. and China, data showed Monday. Daily stock short-selling averaged 537.5 billion won (US$454.8 million) in the main KOSPI and secondary KOSDAQ markets [...]
SEOUL, Jun. 9 (Korea Bizwire) — SK Engineering & Construction Co., a major builder in South Korea, said Sunday a consortium that it’s part of has been named the preferred bidder for a 1 billion-pound (US$1.2 billion) project to build a tunnel across the main river in London. The multinational consortium RiverLinx, comprised of SK [...]
SEOUL, Jun. 9 (Korea Bizwire) — South Korea’s economy is positioned to face heightened downside risks as the trade dispute between the United States and China escalates, hurting global trade and manufacturing activity, a senior presidential secretary said Sunday. “I think we cannot rule out the possibility of the downside risks being drawn out as [...]
SEOUL, Jun. 7 (Korea Bizwire) — After a brief hiatus, local activist hedge fund Korea Corporate Governance Improvement (KCGI) is again ramping up its pressure on Hanjin KAL Corp., the holding company of logistics-centered Hanjin Group which has been increasingly under pressure to improve its corporate governance and even change its management, industry sources said [...]
SEOUL, Jun. 5 (Korea Bizwire) — The Seoul Housing and Communities Corporation (SH) has implemented a firewall system between households to protect the privacy of each home network. In the age of smart homes, where an increasing number of household functions are being connected to the internet, a need for network privacy is becoming more [...]
SEOUL, Jun. 5 (Korea Bizwire) — South Korea’s current account balance was in the red in April, the first deficit in seven years, due to flagging exports and increased dividend transfers, the central bank said Wednesday. The country’s current account deficit came to US$660 million in the month, marking a sharp turnaround from a $4.82 [...]