SEOUL, March 24 (Korea Bizwire) — Foreign ownership of Samsung Electronics Co. has fallen to a 13-month low amid offshore investors’ selling binge sparked by fears over a coronavirus-induced global economic recession, data showed Tuesday. Foreign investors owned 55.37 percent of Samsung Electronics, the world’s No. 1 smartphone and memory chipmaker, as of Friday, according [...]
SEOUL, March 24 (Korea Bizwire) — The new coronavirus outbreak in South Korea has resulted in the rise of insurance subscriptions through online channels. Thanks to the ease of subscribing to insurance plans on the Internet or via mobile devices, the interest of the middle-aged as well as those in their 20s and 30s has [...]
SEOUL, March 23 (Korea Bizwire) — South Korean investors in derivatives-tied securities could suffer big losses due to a global stock rout and plunging oil prices, industry sources said Monday. Sixteen major securities firms have posted online notices that they have sold a combined 1,077 equity-linked securities (ELS) and derivatives-linked securities (DLS) products that may [...]
SEOUL, March 19 (Korea Bizwire) — Gold funds in South Korea have posted dismal returns over the past month amid falling gold prices due to the coronavirus scare, data showed Thursday. Local gold funds with assets of 1 billion won (US$796,000) or more registered an average return of minus 12.45 percent over the last one-month [...]
SEOUL, March 16 (Korea Bizwire) — Investors injected more cash into equity funds as they expect a market rebound following volatility caused by the spreading coronavirus outbreak, data showed Monday. According to data compiled by market tracker FnGuide, the average yield of 961 domestic stock investment funds with a net asset value of 1 billion [...]
SEOUL, March 16 (Korea Bizwire) — Foreign investors became net sellers of South Korean stocks last month, ending their two-month buying spree, data showed Monday. Foreigners sold a net 3.22 trillion won (US$2.6 billion) worth of local stocks in February, according to the data from the Financial Supervisory Service (FSS). American investors sold a net [...]
SEOUL, March 13 (Korea Bizwire) — South Korean institutional investors have been loading up on stocks this month despite a virus-induced market crash, data showed Friday. The country’s state pension fund and other institutions remained in net buying mode between March 2 and Thursday, purchasing stocks worth nearly 1.1 trillion won (US$910 million), according to [...]
SEOUL, March 12 (Korea Bizwire) — South Korean retail investors have remained in a net buying mode this year despite a sharp drop in local stock prices, data showed Thursday. Individual investors have bought a net 14.3 trillion won (US$12 billion) worth of local stocks as of Wednesday this year, according to the data compiled [...]
SEOUL, March 10 (Korea Bizwire) — With the growing number of single-person households in South Korea, the real estate market is also seeing more and more residential complexes supplying small-sized apartments. The market is reducing some of the traditionally popular medium- and large-sized units and expanding the supply of small ones. The number of family [...]
SEOUL, March 10 (Korea Bizwire) — South Koreans continued to reduce their use of cash last year, while their use of credit cards reached record highs both in terms of frequency and amount, a central bank survey showed Tuesday. The people had an average 53,000 won (US$44.20) in their wallet at any given time in [...]