SEOUL, March 14 (Korea Bizwire) — More than half of South Korea’s listed companies received no coverage from securities analysts last year, with research reports heavily concentrated on large-cap stocks and companies listed on the country’s main KOSPI board. According to data released on March 13 by the Korea IR Association’s Corporate Research Center, while the [...]
SEOUL, March 11 (Korea Bizwire) — Amid China’s rapid advancements in high-tech industries, South Korean investors are increasingly turning to Chinese stocks, fueling a surge in trading volumes, according to Chinese state media. China Central Television (CCTV) recently reported, citing data from the Korea Securities Depository, that the total trading volume of Chinese mainland and [...]
SEJONG, March 10 (Korea Bizwire) — Financial authorities in South Korea have announced new measures to encourage domestic investment and support the won’s value, including raising the mandatory domestic stock investment ratio for specialized Individual Savings Accounts (ISA) and lifting restrictions on won-denominated “Kimchi bonds”. The Ministry of Economy and Finance, Financial Services Commission, Bank of [...]
SEOUL, March 9 (Korea Bizwire) — The amount of insurance payments collected in insurance frauds climbed to an all-time high last year, prompting authorities to step up efforts to curb such practices, the financial regulator said Sunday, Insurance scammers took a record 1.15 trillion won (US$794.6 million) through wrongful filings in 2024, up 3 percent [...]
SEOUL, March 7 (Korea Bizwire) — Amid a prolonged economic downturn, a vast majority of South Korean businesses anticipate a financial crisis in 2025, according to a new survey by the Korea Employers Federation (KEF). The survey, conducted in January among 508 domestic companies with at least 50 employees, revealed that 96.9% of respondents expect an [...]
SEOUL, March 6 (Korea Bizwire) — Nearly 1 in 3 large companies in South Korea have reported a deterioration in their financial conditions this year compared with 2024, a survey released Thursday showed. The survey conducted by Mono Research on the country’s top 1,000 firms in terms of sales found that 31 percent of the [...]
SEOUL, March 5 (Korea Bizwire) — The premium on South Korean gold prices, which had been trading more than 20% above international rates, has rapidly declined, leading to heightened market volatility. At one point, domestic gold prices dropped at 15 times the rate of global gold prices, triggering increased investor caution. According to the Korea [...]
SEOUL, March 4 (Korea Bizwire) — Shares of South Korean defense companies surged on March 4 following heightened geopolitical uncertainty after a failed summit between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky, fueling expectations of increased military spending in Europe. According to the Korea Exchange, Hanwha Aerospace [012450] soared 18.01% to close at 701,000 [...]
SEOUL, Feb. 26 (Korea Bizwire) — Stock-backed loans among South Korea’s major conglomerate owners have surged by nearly 1.5 trillion won ($1.05 billion) over the past eight months, reflecting an increasing reliance on equity as collateral amid financial pressures. A recent analysis by corporate research firm Leaders Index, covering 79 of the nation’s largest business [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korean retail investors’ holdings in U.S. stocks have surpassed $100 billion for the first time, as a new survey reveals that corporate innovation remains the primary attraction driving Korean investors toward American capital markets. According to a survey released on February 23 by the Korea Chamber of Commerce and [...]