SEOUL, Feb. 26 (Korea Bizwire) — South Korean stocks are expected to face highly volatile sessions next week as investors will pay keen attention to situations in Ukraine and the U.S. Federal Reserve’s updated stance on its monetary policy, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,676.76 on Friday, [...]
SEOUL, Feb. 24 (Korea Bizwire) — POSCO Engineering & Construction Co., the construction arm of South Korea’s leading steelmaker POSCO, said Wednesday it had developed an apartment ventilation system designed to enable management of air quality for each of an apartment’s rooms and featuring a negative pressure function. Existing apartment ventilation systems remove fine dust [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Korea’s overseas financial assets reached an all-time high last year on the back of increased stock investments and investment returns, central bank data showed Wednesday. The country’s external financial assets came to $2.16 trillion as of end-December, up $198.2 billion from a year earlier, according to preliminary data [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korean stock markets are expected to continue to face volatile sessions next week, largely on persistent uncertainties about the U.S.-Russian military standoff over Ukraine, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,744.52 points Friday, little changed from 2,747.71 points a week ago. [...]
SEOUL, Feb. 16 (Korea Bizwire) — Samsung Fire & Marine Insurance Co., South Korea’s top non-life insurer, said Wednesday it will cut its auto insurance premiums by an average 1.2 percent in April on falling loss rates. It will mark Samsung Fire & Marine Insurance’s first premium reduction since 2020, when its car insurance premium [...]
SEOUL, Feb. 16 (Korea Bizwire) — Asset management companies in South Korea have released a string of exchange traded funds (ETFs) with a focus on investment in global hydrogen companies. KB Asset Management Co., an asset management arm of KB Financial Group Inc., said Tuesday that it listed the KBSTAR Global Hydrogen Economy Indxx in [...]
SEOUL, Feb. 14 (Korea Bizwire) — Foreign investors turned net sellers of South Korean stocks in January, but their net investment in local bonds continued to expand, data showed Monday. Foreigners sold a net 1.68 trillion won (US$1.4 billion) worth of local stocks last month, compared with their net purchase of 4.36 trillion won in [...]
SEOUL, Feb. 14 (Korea Bizwire) — Four financial holding firms in South Korea saw their interest income surge nearly 15 percent in 2021 thanks to rising lending rates, industry data showed Monday. The combined interest income of the four holding companies — KB Financial Group Inc., Shinhan Financial Group Co., Hana Financial Group Inc. and [...]
SEOUL, Feb. 12 (Korea Bizwire) — South Korean stocks are likely to fluctuate in a broad range as investors digest the high-flying inflation rates in the United States, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,747.71 points Friday, little changed from 2,750.26 points a week ago. The key stock [...]
SEOUL, Feb. 11 (Korea Bizwire) — South Korea’s state deposit insurer said Friday it sold 2.2 percent of its stake in Woori Financial Holdings Co. for some 239 billion won (US$199 million). The Korea Depository Insurance Corp. (KDIC) said that the pre-market sale of 15.86 million shares came in line with a decision by the [...]