SEOUL, March 21 (Korea Bizwire) - Mirae Asset Securities Co. is considering joining a bid to take over Hyundai Securities, industry sources said Sunday. Emboldened by the acquisition of Daewoo Securities from Korea Development Bank, Mirae may join hands with LK Investment Partners, a local private equity fund (PEF). If realized, it would jolt the competition that has [...]
SEJONG, Mar. 21 (Korea Bizwire) — A growing number of college graduates in South Korea remain jobless through their late 20s, attributing to the record high youth unemployment rate last month, data showed Sunday. Out of 114,000 people who had stayed jobless for more than four weeks in February, 80,000, or 70.2 percent, were aged [...]
SEOUL, Mar. 21 (Korea Bizwire) — A growing number of South Korean households had difficulties paying off their debt with their income last year, data showed Sunday, raising concerns over their financial stability and shrinking domestic consumption. “Marginal households” whose debt-to-disposable income ratio is over 40 percent tallied at 1.58 million, accounting for 14.8 percent [...]
SEOUL, March 18 (Korea Bizwire) – An inconspicuous cafe near Gyeongbok Palace in central Seoul might be a typical place where customers would enjoy coffee or small talk with their friends over a cup of tea after lunch in the neighborhood. What draws the eye, however, is that it changes into a different shop at night [...]
SEOUL, March 17 (Korea Bizwire) – Hundreds of South Korean diplomats and business officials gathered at a hotel Thursday to explore new markets overseas amid the lifting of sanctions on Iran and the effectuation of a bilateral free trade pact with China, the Foreign Ministry said. The annual session brings together South Korean ambassadors and other chiefs [...]
SEOUL, March 15 (Korea Bizwire) – South Korean conglomerates are considering revealing their key management decisions and other information in English to better communicate with foreign investors and help with their investment decisions, industry sources said Tuesday. On Monday, the Korea Exchange (KRX) said it will ask some 170 companies listed on the country’s main bourse, [...]
SEOUL, March 15 (Korea Bizwire) – The average amount of debt that Koreans are declaring when applying for personal bankruptcy is getting lower and lower. The phenomenon indicates that many are having difficulties handling even low debt levels without depending on protection offered by bankruptcy. The Korea Legal Aid Corporation analyzed personal bankruptcy data between 2012 [...]
CHUNCHEON, March 14 (Korea Bizwire) – Gangwon Province is prolonging the effective period of the Real Estate Investment Immigration Act at the Alpensia resort in Pyeongchang. The Real Estate Investment Immigration Act was part of a strategy to attract foreign capital investment and successfully host the 2018 Winter Olympic Games. In 2011, Alpensia was designated as one [...]
SEJONG, March 14 (Korea Bizwire) – South Korea’s home sales plunged 24.9 percent last month from a year earlier as the local property market has shown some signs of a slowdown, government data showed Sunday. The number of home transactions reached 59,265 in February compared with a record 78,864 tallied a year ago, according to [...]
SEOUL, March 10 (Korea Bizwire) – After witnessing the future of robots and artificial intelligence (AI) when pro Go player Lee Se-dol lost the first Go match to AlphaGo, robot-related stock prices are showing signs of ascent. DST Robot, a manufacturer listed on KOSDAQ, saw its share price rise to the limit of 6,520 won during [...]