SEOUL, March 4 (Korea Bizwire) — Foreign selling of South Korean stocks skyrocketed in February as investors rushed to pull out of emerging markets amid the coronavirus scare, data showed Wednesday. Offshore investors sold a net US$3 billion worth of South Korean stocks last month, compared with net selling of $165 million a month earlier, [...]
SEOUL, Feb. 27 (Korea Bizwire) — Foreign investors have been unloading South Korean stocks over the past month amid the fast spread of the coronavirus and other negatives, data showed Thursday. Offshore investors sold a net 2.4 trillion won (US$1.98 billion) of South Korean equities in the first 26 days of February, according to the [...]
SEOUL, Feb. 26 (Korea Bizwire) — Foreign investors are flocking to the safety of South Korean bonds after pulling out of stocks this year amid the spread of the new coronavirus, data showed Wednesday. Offshore investors held 129.7 trillion won (US$107 billion) worth of listed government and corporate bonds as of Monday, up about 6 [...]
SEOUL, Dec. 31 (Korea Bizwire) — Global chip supplier Samsung Electronics Co. was the most favored stock by foreign investors this year, while Hyundai Motor Co. was the target of a foreign selling binge, data showed Tuesday. Offshore investors, who were net sellers in 2018, net bought 1 trillion won (US$836.9 million) worth of local [...]
SEOUL, Dec. 3 (Korea Bizwire) — Foreign investors’ love for Kakao Corp. seems to be showing no signs of a letup, even during their weekslong sell-off spree of local stocks, on expectations that the operator of the country’s most popular messenger KakaoTalk may get a further boost from its lucrative platform, content and fintech-related businesses, [...]
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, 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 [...]
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 [...]
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 [...]
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 [...]