SEOUL, Aug. 9 (Korea Bizwire) — Despite this year’s bear market, robo-advisors (RA) have achieved a return rate that surpassed benchmarks in comparison. Robo-advisors, a combination of the words ‘robot’ and ‘advisor,’ automate the distribution of investment assets through computer algorithms. According to Koscom Corp., South Korea’s technology developer for brokerage houses, the rate of [...]
SEOUL, Aug. 8 (Korea Bizwire) — POSCO Co., South Korea’s top steelmaker, has developed a new construction technology that allows builders to add up to three stories at a time. The company said Wednesday that the “P-Box Pillar and Reinforced Concrete Beam Jointing Method,” developed with its customers, has been designated as a new technology [...]
SEJONG, Aug. 7 (Korea Bizwire) — Japan did not unveil additional goods on Wednesday to be subject to tougher regulations when shipped to South Korea, but made it clear that it would implement export-related regulations “strictly,” Seoul’s trade ministry said. Seoul has been worrying that Tokyo may include more goods on the list of strictly [...]
SEOUL, Aug. 6 (Korea Bizwire) — Japan is expected this week to unveil goods that will be subject to stricter regulations when exported to South Korea in addition to three key materials crucial to the production of chips and display panels, government sources here said Tuesday. Last week, Tokyo removed South Korea from the so-called [...]
SEOUL, Aug. 5 (Korea Bizwire) — In the face of the escalating American-Sino trade war, its own trade feud with Japan and its worsening economic conditions, South Korea’s currency is set to further slide in the coming weeks, probably touching the 1,250-won threshold. The Korean won closed at 1,215.30 won against the greenback, plunging 17.3 [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korea’s financial watchdog said Monday it has found no indications of unusual behavior among Japanese investors in the South Korean capital market despite an escalating bilateral trade row. The neighboring countries have been locked in a trade dispute since Tokyo imposed curbs on exports of high-tech materials to [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korea said Monday it will spend 7.8 trillion won (US$6.47 billion) over the next five years to nurture its materials, parts and equipment sectors and trim its dependence on Japanese imports in the latest move to cope with the neighbor’s economic retaliation. The move to boost R&D for [...]
SEOUL, Aug. 2 (Korea Bizwire) — Calls for a boycott of Japan-made goods in South Korea are expected to come to a boil as Tokyo went ahead with its threat to widen controls over exports of materials by removing Seoul from a list of trusted trade partners despite repeated calls to scrap the move. A [...]
SEOUL, Jul. 31 (Korea Bizwire) — The Internet insurance market is heating up as Naver, Korea’s largest Internet portal operator, recently announced its plan to jump into the financial industry. South Korea’s top internet portal operator Naver Corp., which has established a separate subsidiary that specializes in providing financial services, aims to provide various financial [...]
SEOUL, Jul. 29 (Korea Bizwire) — South Korea’s financial watchdog said Monday that there will be limited impact if Japanese savings banks operating here scale back their exposure amid an escalating trade row between the two nations. The value of outstanding loans extended by four Japanese savings banks in South Korea, including SBI Savings Bank [...]