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Institutions’ Foreign Securities Holdings Down 5 pct in Q3

Institutions’ Foreign Securities Holdings Down 5 pct in Q3

SEOUL, Dec. 2 (Korea Bizwire) — South Korean institutions’ investment in foreign securities shrank 5 percent in the third quarter due to estimated losses from their bond and stock holdings, central bank data showed Friday. The outstanding value of foreign securities held by local institutional investors stood at US$354.93 billion as of end-September, down $18.69 [...]

Imports of Leisure Equipment Up 2.5 pct Through Oct. amid Pandemic

Imports of Leisure Equipment Up 2.5 pct Through Oct. amid Pandemic

SEOUL, Nov. 30 (Korea Bizwire) — South Korea’s imports of camping and hiking equipment rose 2.5 percent on-year through October this year, data showed Wednesday, as more people enjoyed activities avoiding crowds amid the pandemic. The combined imports of leisure equipment, including camping and hiking gear, came to US$304 million in the January-October period, rising [...]

Overseas Card Spending Continues to Grow on Soaring Outbound Travel

Overseas Card Spending Continues to Grow on Soaring Outbound Travel

SEOUL, Nov. 29 (Korea Bizwire) — South Koreans’ overseas card spending continued to grow in the third quarter as outbound travel spiked bolstered by eased pandemic curbs, central bank data showed Tuesday. The amount of money spent overseas by South Koreans with cards, including credit and debit cards, came to US$3.81 billion in the July-September [...]

Retail Sales Up 7.3 pct in October on Growing Outdoor Activities

Retail Sales Up 7.3 pct in October on Growing Outdoor Activities

SEOUL, Nov. 29 (Korea Bizwire) — Retail sales in South Korea grew 7.3 percent on-year in October, as people’s outdoor activities and demand for various services grew amid eased antivirus curbs, data showed Tuesday. The combined sales of 25 major offline and online retailers came to 14.66 trillion won (US$10.95 billion) last month, compared with [...]

Experts Worry About Financial Crisis Due to Spiking Borrowing Costs: BOK Survey

Experts Worry About Financial Crisis Due to Spiking Borrowing Costs: BOK Survey

SEOUL, Nov. 27 (Korea Bizwire) — Nearly 60 percent of economic and financial experts worry that South Korea could face a financial crisis in the short term amid concerns that spiking borrowing costs could weigh on businesses and households, a central bank survey showed Sunday. According to the survey that the Bank of Korea (BOK) [...]