SEOUL, Sept. 22 (Korea Bizwire) – It has been pointed out that in order to continue the growth of domestic startup businesses, the ‘exit (investment collection) market’ should be activated. Kim Ju-wan, a consulting partner at McKinsey & Company, stated that the domestic startup ecosystem has entered a typical vicious cycle, at a debate entitled ‘The [...]
SEOUL, Sept. 22 (Korea Bizwire) – The local exchange traded notes (ETNs) market has been luring an increasing amount of investment, with its turnover surpassing the 40 billion won (US$33.9 million) mark for the first time since its launch, the stock market operator said Tuesday. The daily trading volume of ETNs reached a record 41.1 [...]
SEOUL, Sept. 21 (Korea Bizwire) — Loans extended by local banks to individuals for home rentals have spiked over the past five years, market data showed Monday, amid a surge in rental prices driven by record-low interest rates and a shortage of homes for rent. According to the data, loans extended by the six largest [...]
SEOUL, Sept. 18 (Korea Bizwire) — LIG Nex1, a defense unit of South Korean conglomerate LIG Group, said Friday it will go public on the Seoul bourse in October in what will be the first market debut by a local defense company. The initial public offering (IPO) of 6.9 million shares is expected to raise [...]
SEOUL, Sept. 17 (Korea Bizwire) — South Korea’s central bank said Thursday that it will focus on keeping the local financial market stable as international volatility is likely to grow on China’s economic instability and a looming U.S. rate hike. Concerns have been escalating over an economic hard landing in China, South Korea’s top export [...]
SEOUL, Sept. 14 (Korea Bizwire) – As more chiefs of financial firms are jumping on the wage cut bandwagon, high-ranking officials in financial circles are contemplating joining the trend. According to industry watchers, executives from three major financial holding companies including KB, Shinhan and Hana decided to cut their own wages. However, other financial firms are waiting [...]
SEOUL, Sept. 14 (Korea Bizwire) – Samsung and Hyundai Motor groups slashed their cash reserves in the first half of the year, while other major conglomerates increased their cash piles, data showed Sunday. Listed affiliates of Samsung Group, South Korea’s top family-controlled conglomerate, had a combined 40.5 trillion won (US$34.1 billion) in cashable assets as [...]
SEOUL, Sept. 11 (Korea Bizwire) – Wall Street in Yeouido is providing ‘zero commission’ stock trading. There was a time in 2011 when free commissions were a craze, but the period of time it was applied to was a few months, or a year at the longest. However, this time, the applied period is at least one [...]
SEOUL, Sept. 11 (Korea Bizwire) – When an investor asks a researcher at a brokerage firm about market conditions right after the opening of the Korean stock market, the researcher usually replies, “The market direction will be clearer after 10:30 (the time when China’s stock market opens in Korea).” This phenomenon shows that the Chinese [...]
SEOUL, Sept. 10 (Korea Bizwire) – While TV home shopping companies are making profits greater than one trillion won by selling insurance, consumers are facing damages because of dishonest sales tactics. In the meantime, insurance has settled as one of the main revenue streams for home shopping businesses, and the commissions received from insurance companies [...]