SEOUL, July 29 (Korea Bizwire) – ISAs, or Individual Savings Accounts, have been among the most popular financial products in Korea since their launch in the first half of 2016. In a nutshell, an ISA is an integrated asset management account that can consist of various financial products, including savings accounts, stocks, mutual funds, and [...]
SEJONG, July 28 (Korea Bizwire) – South Korea set out new tax code revisions Thursday, seeking to boost corporate investments in new future industries and household income and spending to cope with faltering exports and flaccid domestic demand. The government finalized the plan at a meeting chaired by Finance Minister Yoo Il-ho in Seoul, and [...]
SEOUL, July 27 (Korea Bizwire) – The Small and Medium Business Administration (SMBA) of South Korea announced on July 26 that last year’s angel investment – funds provided for start-up businesses – increased by 67.7 percent, exceeding 100 billion won ($88 million) for the first time since 2003. Considering the tax exemption limit law, investment profits [...]
SEOUL, July 26 (Korea Bizwire) – Shinhan Bank, one of Korea’s leading banks, has stepped forward to improve its work environment for employees by implementing what it calls a ‘Smart Work System’, which launched on Monday. To begin with, the company implemented a work-from-home system for employees who don’t necessarily require the use of a [...]
SEOUL, July 25 (Korea Bizwire) – According to the Small & Medium Business Administration (SMBA), investment in newly-formed venture funds increased by 169.9 percent from 618.1 billion won in H1 2015 to 1.67 trillion won in H1 2016, which was also a record high for the first half of a year. The increasing investment in [...]
SEOUL, Jul. 24 (Korea Bizwire) — The South Korean stock markets will be open for 30 more minutes starting in August, the bourse operator said Sunday, in a bid to add more vitality to the securities industry. Starting Aug. 1, the markets for stocks and gold will close at 3:30 p.m., 30 minutes later than [...]
SEOUL, Jul. 24 (Korea Bizwire) – The portion of stocks traded on the main bourse through mobile devices has hovered above 30 percent this year, data showed Sunday, with the figure anticipated to continue to grow sharply down the road. According to the data compiled by the Korea Exchange (KRX), the main bourse operator, the [...]
SEOUL, Jul. 24 (Korea Bizwire) – South Korea’s Hanwha Group on Sunday said its ranking on the list of the top 500 companies compiled by the U.S. business magazine Fortune shot up in 2016 from a year earlier, apparently helped by its merger and acquisition deals. The defense and chemical conglomerate was placed in the [...]
SEOUL, July 21 (Korea Bizwire) – Offshore investors have been on a buying streak for South Korean stocks, sending their market cap ratio in the main local bourse to a 14-month high, the Korea Exchange said Thursday, but analysts were divided on whether the rally will continue. Shares held by foreign investors as of Tuesday [...]
SEOUL, July 20 (Korea Bizwire) — South Korean firms operating in Vietnam have yet to yield profits expected of the amount of investment they have made in the emerging market, a trade report released Wednesday said. South Korean companies invested an aggregate total of US$15 billion in Vietnam as of the end of last year, [...]