SEOUL, April 27 (Korea Bizwire) — Foreign holdings of South Korean stocks reached a 13-month low, as offshore investors rushed for cash amid the prolonged coronavirus uncertainties, data showed Monday. Foreign investors held 468.2 trillion won (US$379.4 billion) worth of stocks traded on the main bourse as of Friday’s close, or 36.83 percent of the [...]
SEOUL, April 23 (Korea Bizwire) — Mobile trading has become a dominant investment tool in South Korea, propelled by retail investors’ stock rush, bourse operator said Thursday. The mobile trading system (MTS), or smartphone trading, took up the largest 47.6 percent of turnover in terms of trading tools from April 1-17, according to the data [...]
SEOUL, April 21 (Korea Bizwire) — The International Monetary Fund (IMF) said Tuesday that South Korea’s overall financial system appears resilient, but it warned of growing vulnerabilities. The IMF said most parts of South Korea’s banking system appear prudentially strong, but prospects for banks and insurers are dimming due to growth-related uncertainties, low interest rates, [...]
SEOUL, April 20 (Korea Bizwire) — Foreigners’ appetite for South Korean stocks is tipped to grow down the road due to the general election results from last week and improving situations over the new coronavirus here, analysts said Monday. Offshore investors turned net buyers on Friday, ending their selling spree totaling 14.7 trillion won (US$12.1 [...]
SEOUL, April 20 (Korea Bizwire) — Money floating around the South Korean stock market has reached a new record high amid a recent market recovery following a coronavirus-caused rout, data showed Monday. The amount of stock-related funds hit 141.79 trillion won (US$116.5 billion) as of Tuesday, up nearly 24 percent from Jan. 20 when South [...]
SEOUL, April 16 (Korea Bizwire) — South Koreans’ overseas securities investment soared in the first quarter, largely on hopes that the coronavirus-hit stock prices may rebound down the road, data showed Thursday. The local investors’ transactions of overseas securities in January-March came to US$66.6 billion, up 68.2 percent from the previous quarter, according to the [...]
SEOUL, April 15 (Korea Bizwire) — BC Card Co., a credit card processing firm owned by KT Corp., plans to acquire a 34 percent stake in the internet-only K-Bank, the company said Wednesday. The move came after KT’s plan to become the biggest shareholder of K-Bank faltered due to a legal hurdle. BC Card said [...]
SEOUL, April 13 (Korea Bizwire) — Foreigners began raking in Samsung Electronics shares, driven by the chipmaker’s better-than-expected earnings amid the coronavirus scare, data showed Monday. Offshore investors were net buyers of Samsung Electronics for four consecutive sessions from April 7-10, having purchased a net 179 billion won (US$145 million) worth of the company’s stocks [...]
SEOUL, April 10 (Korea Bizwire) — Foreign investors net sold the largest amount of South Korean stocks ever in March, central bank data showed Friday, amid continued jitters in the local stock market caused by the new coronavirus outbreak. Foreigners dumped a net US$11.04 billion worth of local shares in the month, according to the [...]
SEOUL, April 9 (Korea Bizwire) — Individual investors in South Korea have raked in a massive amount of local stocks since the country’s first coronavirus outbreak in January, countering foreigners’ selling mode, data showed Thursday. Since South Korea’s first confirmed case of COVID-19 on Jan. 20 to Thursday’s closing, individuals bought a net 20.6 trillion [...]