SEOUL, Jan. 17 (Korea Bizwire) — The Financial Services Commission in South Korea announced that about 2 trillion won of 17.9 trillion won in “hidden” financial assets has been returned to consumers following a successful campaign. The campaign, held from November 13 to December 22 last year, aimed to reunite consumers with their dormant financial assets. Participating [...]
SEOUL, May 25 (Korea Bizwire) – South Korea’s overseas financial assets soared to an all-time high in the first quarter of this year on the back of the growth in foreign direct investment, central bank data showed Wednesday. The country’s external financial assets came to $2.19 trillion as of end-March, up $10.9 billion from three [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s overseas financial assets soared to a new high in the third quarter thanks largely to increased stock investments, central bank data showed Thursday. The nation’s external financial assets came to US$2.10 trillion at the end of September, up $30.6 billion from three months earlier, according to preliminary [...]
SEOUL, June 27 (Korea Bizwire) – Would you trust a robot to manage your financial assets? Korea’s Financial Services Commission (FSC) announced upcoming legislation on Sunday that will allow a ‘robo-advisor’, an AI-based asset management service, to serve as an investment advisor and a manager of investors’ financial assets. Although robo-advisors have performed certain financial [...]
SEOUL, Sept. 2 (Korea Bizwire) — Financial assets of Korean households have turned out to be very low compared to other countries. Experts say that the phenomenon is due to the Korean household practice of having most major assets concentrated on real estate. According to the Korea Financial Investment Association, the portion of financial assets held [...]
SEOUL, Jan. 15 (Korea Bizwire) – Korean upper class members with more than 3 billion won (US$ 2.7 million) in financial assets are mostly interested in inheritance and asset gifts, according to a survey conducted by Samsung Life Insurance’s ‘Samsung Family Office’ on January 14. Samsung Family Office is the insurance company’s asset management center focused [...]