SEOUL, May 11 (Korea Bizwire) — Foreign investors have ramped up their investment in South Korean bonds this year amid the country’s relatively favorable economic conditions, data showed Monday. Offshore investors held 140.9 trillion won (US$115 billion) worth of listed government and corporate bonds as of end-April, up 17 trillion won from the end of [...]
SEOUL, April 20 (Korea Bizwire) — Foreigners’ appetite for South Korean stocks is tipped to grow down the road due to the general election results from last week and improving situations over the new coronavirus here, analysts said Monday. Offshore investors turned net buyers on Friday, ending their selling spree totaling 14.7 trillion won (US$12.1 [...]
SEOUL, April 19 (Korea Bizwire) — Last week, South Korea ordered the deportation of seven foreigners who went outside despite being under self-isolation, the justice ministry said Sunday. The ministry said it ordered three Vietnamese students in the southwestern city of Gunsan to leave the country on Friday. They were found to have left their [...]
SEOUL, April 16 (Korea Bizwire) — Foreign ownership of South Korean land rose 3 percent in 2019 compared with a year earlier, the land ministry said Thursday. Foreigners owned 248.7 square kilometers — slightly more than four times the size of Manhattan — at the end of 2019. It represents 0.2 percent of South Korea’s [...]
SEOUL, April 13 (Korea Bizwire) — Foreigners began raking in Samsung Electronics shares, driven by the chipmaker’s better-than-expected earnings amid the coronavirus scare, data showed Monday. Offshore investors were net buyers of Samsung Electronics for four consecutive sessions from April 7-10, having purchased a net 179 billion won (US$145 million) worth of the company’s stocks [...]
SEOUL, April 10 (Korea Bizwire) — Foreign investors net sold the largest amount of South Korean stocks ever in March, central bank data showed Friday, amid continued jitters in the local stock market caused by the new coronavirus outbreak. Foreigners dumped a net US$11.04 billion worth of local shares in the month, according to the [...]
SEOUL, April 9 (Korea Bizwire) — The government will suspend visa-free entry and visa waiver programs for 90 countries imposing entry bans on South Koreans from Monday next week as part of efforts to curb the coronavirus inflow from overseas, officials said Thursday. Along with the planned suspension of visa exemptions, all 90-day visas that [...]
SEOUL, April 9 (Korea Bizwire) — South Korea has extended visas for foreigners set to expire soon to prevent them from visiting immigration offices amid the coronavirus pandemic, the justice ministry said Thursday. Under the move, visas for around 60,000 registered foreign nationals that are set to expire by May 31 have been automatically extended [...]
SEOUL, April 8 (Korea Bizwire) — Not only South Koreans but also foreigners residing in the country will be able to file proposals that include ideas to improve the government’s policies. The Ministry of Interior and Safety said that the “Revised Ordinance on Proposal Regulations for Citizens and Public Officials,” which calls for such details, [...]
UIJEONGBU, April 7 (Korea Bizwire) — The Gyeonggi Bukbu Provincial Police Agency announced Monday that it had translated the recently amended legislation on epidemic prevention and control into five languages, including English and Chinese, and distributed the content to local foreigners. Under the new legislation, individuals infected with COVID-19 face up to one year of [...]