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 29 (Korea Bizwire) – Electronics and semiconductors have led the latest stock market boom in Asia’s fourth-biggest economy, data showed Thursday, amid expectations of solid corporate earnings helped by the global economic recovery. Stock prices of Samsung Electronics, SK hynix, and other electronics and semiconductor manufacturers rose 37.32 percent as of Tuesday from the [...]
SEOUL, Jun. 29 (Korea Bizwire) — The debt burden of South Koreans in their 20s and 30s has grown at the fastest pace among all age groups over the past three years amid a spike in household debt, central bank data showed Thursday. The so-called loan-to-income (LTI) ratio for 20-somethings and 30-somethings has risen 36.2 [...]
SEOUL, June 28 (Korea Bizwire) – A private think tank urged the government Wednesday to exempt taxes on income earned by South Korean multinationals abroad so they can easily repatriate funds that can fuel investment in the country. “The core of the new U.S. administration’s tax reform revealed in April is centered on the country [...]
SEOUL, June 27 (Korea Bizwire) – The rapid growth of K Bank is making its rivals nervous, with some bank heads praising the success of Korea’s first internet-only bank as ‘beyond expectations’, and noting that they hope to maintain a good relationship as partners as well as contenders. Speaking to Yonhap News, the heads of major [...]
SEOUL, Jun. 27 (Korea Bizwire) — High household debt and a possible capital flight following expected U.S. rate hikes pose major risks to South Korea this year, a local think tank said Monday. In a seminar held by the Korea Economic Research Institute (KERI) in Seoul, KERI Vice President Song Won-geun said faced with downside [...]
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, Jun. 23 (Korea Bizwire) — The National Pension Service’s low interest loan packages dubbed “Silver Loans” are a big hit among its target demographic of pensioners who are 60 and above. Launched in May of 2012, the Silver Loan (officially titled “Rapid Loans for the Elderly Program”) initiative is still going strong with numerous [...]
SEOUL, Jun. 22 (Korea Bizwire) — According to the Bank of Korea’s latest report submitted to the National Assembly, overall levels of household debt are on the rise. The report concludes that the two major factors responsible are excessive real estate investment and the aging population. Almost two thirds of the average Korean’s financial portfolio [...]
SEOUL, June 22 (Korea Bizwire) – The number of people earning a living by renting property has risen sharply in recent years, government data showed Thursday, amid a market boom brought on by policy measures to prop up the housing market. The total number in the rental and leasing businesses surged to 1,452,000 people as [...]