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About 770 Foreigners Granted Resident Status Under Immigrant Investor Program

About 770 Foreigners Granted Resident Status Under Immigrant Investor Program

SEOUL, Jul. 4 (Korea Bizwire) — Nearly 770 foreign investors have been permitted to live legally in South Korea over the past six years under a government immigrant investor program, the Ministry of Justice said Thursday. Under the Immigrant Investor Scheme for Public Business (IISPB) program launched in May 2013, a total of 766 foreigners [...]

Seoul Mayor Vows to Offer Cash to Foreign Investors

Seoul Mayor Vows to Offer Cash to Foreign Investors

SEOUL, Mar. 25 (Korea Bizwire) — Seoul Mayor Park Won-soon said Monday his municipal government will provide wholehearted support, including cash, to foreign companies investing in the capital city. The Seoul Metropolitan Government will create six industrial clusters in the city to accommodate foreign enterprises, Park said in an address at a special luncheon meeting [...]

Foreign Investors See Opportunity in Local Bourse

Foreign Investors See Opportunity in Local Bourse

SEOUL, May 22 (Korea Bizwire) — There are over 20,000 overseas funds – the likes of billionaire Paul Singer’s Elliott Management Corp – that have invested in the South Korean stock market, according to the Financial Supervisory Service (FSS). As of March, the number of foreign collective investment companies, or “funds”, registered with the government [...]

Seoul Delays Implementing Tax Change for Foreign Investors

Seoul Delays Implementing Tax Change for Foreign Investors

SEJONG, Feb. 6 (Korea Bizwire) — South Korea’s finance ministry said Tuesday it would delay the implementation of a revised tax scheme designed to widen the taxation base among foreign investors in the face of strong calls from related industries to scrap such a move. Under the revised tax schemes, the Seoul government was planning [...]

Foreigners Pick Up Financial Shares, Drop Electronics in 2017

Foreigners Pick Up Financial Shares, Drop Electronics in 2017

SEOUL, Jan. 15 (Korea Bizwire) — Foreign investors picked up financial and chemicals shares on the KOSPI, South Korea’s main bourse, last year while selling off electronics and construction stocks, data from the Korea Exchange showed Monday. Offshore investors bought 6.58 trillion won (US$6.17 billion) worth of local stocks in 2017, of which financial stocks [...]

Dividend Payouts to Foreigners Soar 20 pct This Year

Dividend Payouts to Foreigners Soar 20 pct This Year

SEOUL, Nov. 16 (Korea Bizwire) –South Korean listed firms’ dividend payouts to foreign investors jumped more than 20 percent in the first nine months of the year due mainly to increased earnings, central bank data showed Thursday. Local listed companies paid foreign investors US$14.09 billion in dividends in the January-September period, up 20.5 percent from [...]

Foreigners Buy S. Korean Stocks and Bonds on Eased Tensions with N. Korea

Foreigners Buy S. Korean Stocks and Bonds on Eased Tensions with N. Korea

SEOUL, Nov. 8 (Korea Bizwire) — Foreign investors bought South Korean stocks and bonds worth US$3.48 billion in October due to expectations of improved corporate earnings amid eased tensions on the Korean Peninsula, the central bank said Wednesday. Local stocks and bonds bought by foreign investors stood at $2.84 billion and $650 million, respectively, the [...]

Foreigners Sell S. Korean Stocks and Bonds for Second Straight Month over N. Korea Risks

Foreigners Sell S. Korean Stocks and Bonds for Second Straight Month over N. Korea Risks

SEOUL, Oct. 18 (Korea Bizwire) — Foreign investors offloaded South Korean stocks and bonds worth US$4.3 billion in September due to profit-taking amid North Korea risks, the central bank said Wednesday. Foreign investors sold local stocks and bonds worth $830 million and $3.47 billion, respectively, the Bank of Korea (BOK) said. It marked the second [...]

Foreigners Sell US$3.25 bln of S. Korean Stocks and Bonds in Aug.

Foreigners Sell US$3.25 bln of S. Korean Stocks and Bonds in Aug.

SEOUL, Sept. 13 (Korea Bizwire) — Foreign investors offloaded South Korean stocks and bonds worth US$3.25 billion in August due to security jitters and profit-taking, the central bank said Wednesday. Foreign investors sold local stocks and bonds worth $1.33 billion and $1.91 billion, respectively, the Bank of Korea (BOK) said. It marked the first sell-off [...]