(Image from StoneX Group Inc. webpage) Transformational acquisition strengthens StoneX’s position as a leading Futures Commission Merchant (FCM) with a premier global derivatives platform R.J. O’Brien is the oldest futures brokerage in the United States, founded in 1914 Firms share a complementary focus on client service and prudent risk management Transaction adds over 75,000 clients [...]
SEOUL, April 13 (Korea Bizwire) — U.S. President Donald Trump’s administration has exempted smartphones, computers and several other electronic devices from a sweeping set of reciprocal tariffs, offering relief to South Korea’s Samsung Electronics Co., Apple Inc. and other global tech firms. The U.S. Customs and Border Protection (CBP) issued a notice Saturday (U.S. time) [...]
SEOUL, April 13 (Korea Bizwire) — Volatility in South Korea’s foreign exchange market surged to its highest level last week since the country extended trading hours for the won–U.S. dollar market, data showed Sunday. The weekly fluctuation in the won–dollar exchange rate reached 67.6 won during the second week of April, which marked the highest [...]
SEOUL, April 11 (Korea Bizwire) — The Korea Exchange announced Friday that it will list three exchange-traded funds (ETFs) on April 15, 2025, all focused on companies involved in the development of humanoid robots. The funds, managed by Samsung Asset Management, KB Asset Management, and Hanwha Asset Management, mark a growing investor interest in next-generation [...]
SEOUL, April 11 (Korea Bizwire) — The government announced plans Friday to inject an additional 9 trillion won (US$6.6 billion) in financing to support exporters facing strong tariffs imposed by U.S. President Donald Trump’s administration and escalating global trade tensions. The decision was made during a meeting of external economic ministers held in Seoul, as [...]
SEOUL, April 11 (Korea Bizwire) — The Finance Ministry said Friday that the government will extend the tariff-rate quota system on pork and egg product imports in an effort to stabilize food prices. Starting May 1, emergency tariff quotas will be applied to 10,000 tons of raw pork for processed foods and 4,000 tons of [...]
SEOUL, April 10 (Korea Bizwire) – South Korean stocks rallied 6.6 percent Thursday as the U.S. administration’s temporary pause of reciprocal tariffs on South Korea improved market sentiment. The Korean won was trading sharply higher against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) soared 151.36 points, or 6.6 percent, to close [...]
SEOUL, April 9 (Korea Bizwire) — South Korean banks will offer English mobile applications and documents this year to help foreign residents get better access to banking services and reduce their inconvenience, the financial watchdog said Wednesday. According to the Financial Supervisory Service (FSS), the number of foreign customers at local banks stood at 8.13 [...]
SEOUL, April 9 (Korea Bizwire) — Household loans extended by South Korean banks rose for the second consecutive month in March, central bank data showed Wednesday, amid rising housing prices in the affluent districts of southern Seoul following state deregulatory moves. Banks’ outstanding household loans stood at 1,145 trillion won (US$774.12 billion) as of end-March, [...]
SEOUL, April 9 (Korea Bizwire) — The National Pension Service (NPS), South Korea’s largest institutional investor, recorded a notable increase of more than ₩8 trillion in the market value of its domestic stock holdings during the first quarter of 2025, buoyed by surging defense and shipbuilding stocks. According to financial data provider FnGuide, as of [...]