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Value of Overseas Investment Funds Soars over Past Year

Value of Overseas Investment Funds Soars over Past Year

SEOUL, Jul. 16 (Korea Bizwire) — The value of South Korea’s overseas investment funds has jumped more than 40 percent over the past year as big-time investors look overseas for high returns despite the recent bull of the domestic stock market, data showed Sunday. According to the data by the Korea Financial Investment Association, the [...]

NPS, Korea’s Biggest Fund, Suffers Heavy Loss in Samsung Stocks

NPS, Korea’s Biggest Fund, Suffers Heavy Loss in Samsung Stocks

SEOUL, Aug. 26 (Korea Bizwire) – South Korea’s state-run pension fund has suffered heavy valuation losses from its investment in two Samsung Group units over the past two months as the stocks have plunged after their merger plan was approved by shareholders last month, data showed Wednesday. The National Pension Service (NPS) — which holds [...]

PEFs’ Managing Assets Soar 100-fold in 10 yrs

PEFs’ Managing Assets Soar 100-fold in 10 yrs

SEOUL, Mar. 10 (Korea Bizwire) — Local private equity funds (PEFs) saw their combined assets under management soar more than 100-fold in the past 10 years as they have successfully attracted investors seeking higher investment returns, the financial watchdog said Tuesday. A total of 51.2 trillion won (US$45.9 billion) in assets were under management by [...]

Fund Supermarket Officially Sets Sail

Fund Supermarket Officially Sets Sail

SEOUL, Korea, April 25, 2014 (Korea Bizwire) – Online shopping mall for funds called “Fund Supermarket” has officially got under sail. Since it is the first online store for funds which has been supported by the financial investment industry including the government authorities, it is predicted to bring crustal movements to the conventional fund sales [...]

[Kobiz Stats] Annual Rate of Profit of Variable Insurance Funds in Korea

[Kobiz Stats] Annual Rate of Profit of Variable Insurance Funds in Korea

[Related Article]  Insurance Companies Are Losing Money in Variable Funds (Korea Bizwire, April 16) Variable life insurance funds, the bread-and-butter of life insurance companies, are recording a very low rate of return. Over the last year, their average yield was 0.81 percent with about 40.6 percent of the funds having recorded deficit. On April 15, [...]

Insurance Companies Are Losing Money in Variable Funds

Insurance Companies Are Losing Money in Variable Funds

SEOUL, Korea, April 16, 2014 (Korea Bizwire) –Variable life insurance funds, the bread-and-butter of life insurance companies, are recording a very low rate of return. Over the last year, their average yield was 0.81 percent with about 40.6 percent of the funds having recorded deficit. On April 15, the Korea Finance Consumer Federation (KFCF) reported [...]

2014 Environmental Policy Fund of 182.5 billion won reaches all-time high

2014 Environmental Policy Fund of 182.5 billion won reaches all-time high

SEOUL, Korea, 17, Jan. (Korea Bizwire) – Korea Institute of Environmental Technology & Industry (KEITI) under the Ministry of Environment (MOE) announced on the 16th that it will provide the environmental policy fund of 182.5 billion KRW to help business stabilization of small- and medium-sized enterprises (SMEs) in the field of environment. The fund hits [...]