SEOUL, Feb. 27 (Korea Bizwire) — Foreign investors have been unloading South Korean stocks over the past month amid the fast spread of the coronavirus and other negatives, data showed Thursday. Offshore investors sold a net 2.4 trillion won (US$1.98 billion) of South Korean equities in the first 26 days of February, according to the [...]
SEOUL, Feb. 26 (Korea Bizwire) — Foreign investors are flocking to the safety of South Korean bonds after pulling out of stocks this year amid the spread of the new coronavirus, data showed Wednesday. Offshore investors held 129.7 trillion won (US$107 billion) worth of listed government and corporate bonds as of Monday, up about 6 [...]
SEOUL, Feb. 20 (Korea Bizwire) — A dark cloud is hanging over the earnings outlook for South Korean securities firms in the wake of the new coronavirus outbreak and a hedge fund scandal, market watchers said Wednesday. The COVID-19 virus outbreak has put the brakes on the local stock market’s rally, which started late last [...]
SEOUL, Feb. 18 (Korea Bizwire) — The market value of Samsung Group units has risen more than 10 percent this year on a strong rally in tech-focused affiliates, a market tracker said Tuesday. The combined market capitalization of Samsung Electronics Co. and 15 other listed firms belonging to South Korea’s top conglomerate came to 524.2 [...]
SEOUL, Feb. 17 (Korea Bizwire) — The prices of South Korea’s preferred stocks have remained bullish this year despite greater market volatility due to the new coronavirus scare, data showed Monday. The price index for preferred shares of the top 20 market-cap companies had climbed 9.11 percent this year as of Friday, according to the [...]
SEOUL, Feb. 16 (Korea Bizwire) — Major non-life insurance firms in South Korea saw their combined net profit fall 39.5 percent last year due to increased losses from their automobile and health insurance segments, industry data showed Sunday. The top eight non-life insurance firms operating in the country reported a combined net profit of 1.75 [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Korea’s state pension provider owns 5 percent or more of over 300 listed companies amid increased shareholder activism by the service, a financial information provider said Monday. The National Pension Service (NPS) held stakes of 5 percent or greater in 313 companies traded on the country’s major and [...]
SEOUL, Feb. 4 (Korea Bizwire) — The craze over purchasing foreign stocks continues among South Korean investors. A rush to buy shares in U.S. tech giants such as Apple Inc. and Tesla Motors Inc. led the craze over purchasing foreign stocks. The Korea Securities Depository reported the value of foreign stock transactions (both buy and [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s stock market has plummeted nearly 6 percent since the first new coronavirus case was confirmed in the country, data showed Sunday, as the deadly virus is increasingly feared to pose downside risks to the global financial market and economic growth. The benchmark Korea Composite Stock Price Index [...]
GWANGJU, Jan. 30 (Korea Bizwire) — Automated teller machines (ATMs) are increasingly losing ground due to a boost in credit card use and the growing popularity of Internet and mobile banking. Some predict that these automated banking devices, which have drastically changed financial culture, will gradually disappear into history. According to data from Kwangju Bank, [...]