SEOUL, May 30 (Korea Bizwire) — With inter-Korean ties at their high tide, asset managers in South Korea are scrambling to roll out investment funds focused on firms that may benefit from future inter-Korean economic cooperation, industry sources said Wednesday. South and North Korea are enjoying a thaw in their relations following a couple of [...]
SEOUL, May 29 (Korea Bizwire) — Starting in the second half of the year, pet shops will be allowed to sell insurance policies for pets, while online shopping malls will be able to sell travel and leisure insurance. The Financial Services Commission said that the revised bill on insurance sales had passed in a meeting [...]
SEOUL, May 28 (Korea Bizwire) — A growing number of South Korean firms listed on the secondary KOSDAQ market are being led by female executives, though men in their 50s who majored in tech dominate the industry, data showed Monday. The number of female CEOs at the country’s 1,269 firms on the tech-laden bourse came [...]
SEOUL, May 24 (Korea Bizwire) — Prosecutors said Thursday they launched an investigation into officials of Samsung Securities Co. over the massive dividend error in April that jolted the local financial market. The Seoul Southern District Prosecutors’ Office said a probe has begun based on the complaint filed by the Financial Supervisory Service early this [...]
SEOUL, May 22 (Korea Bizwire) — There are over 20,000 overseas funds – the likes of billionaire Paul Singer’s Elliott Management Corp – that have invested in the South Korean stock market, according to the Financial Supervisory Service (FSS). As of March, the number of foreign collective investment companies, or “funds”, registered with the government [...]
SEOUL, May 21 (Korea Bizwire) — As the South Korean population slowly ages, the number of elderly investors over 65 are also on the rise in the finance industry. According to a report released on Saturday by the Financial Supervisory Service, 23.6 percent (23.5 trillion won) of the total funds offered by financial institutions (99.9 [...]
SEOUL, May 21 (Korea Bizwire) — South Korean banks are redoubling efforts to tap into possible business opportunities in North Korea in the wake of a recent thaw in inter-Korean relations, sources said Monday. The two Koreas held a historic summit in late April, adopting a joint declaration that focuses on working toward a complete [...]
SEOUL, May 21 (Korea Bizwire) — As warnings of a bursting bubble and toughening state regulations have led to a drastic downturn of South Korea’s digital currency market, local exchanges are struggling over how to remain viable going forward. Some have moved to diversify their businesses by making the most out of blockchain technology, but [...]
HANOI, May 18 (Korea Bizwire) — The race is on between domestic banks to venture into the Vietnamese market, which has been dubbed the ‘post-China’ economy. The growth rate of the Southeast Asian nation has continued to be high at 6 percent over the last few years, and over 6,500 Korean firms have already entered [...]
SEOUL, May 9 (Korea Bizwire) — An insurance policy that covers individuals with current illness, regardless of its gravity, and former patients with previous treatment records has reached over 50,000 subscriptions within a month of its release. According to research results announced by the Financial Service Commission yesterday, seven insurance companies sold a total of [...]