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National Assembly Members Scramble to Raise Funds

National Assembly Members Scramble to Raise Funds

SEOUL, Nov. 3 (Korea Bizwire) — Representatives at the National Assembly are scrambling to collect donations to prepare for next year’s activities. This year, district representatives can collect up to 300 million won (US$265,500) while proportional representatives can collect up to 150 million won. Members of the ruling Democratic Party are speeding up efforts to [...]

Funds Managed by Affiliates of Apollo Complete Tech Data Acquisition

Funds Managed by Affiliates of Apollo Complete Tech Data Acquisition

NEW YORK, June 30 (Korea Bizwire) — An affiliate of certain funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced completion of its acquisition of Tech Data Corporation (Nasdaq: TECD) (“Tech Data”), one of the world’s largest technology distributors. Chief Executive Officer Rich Hume will [...]

Vietnamese-centered Stock Funds Gain Popularity

Vietnamese-centered Stock Funds Gain Popularity

SEOUL, Feb. 28 (Korea Bizwire) — Funds that invest in Vietnamese stocks have enjoyed popularity among South Korean investors lured by the Southeast Asian country’s marked economic growth, market data showed Thursday. The 16 investment funds linked to Vietnamese equities in South Korea saw net inflows of 109.8 billion won (US$98.21 million) over the past [...]

Critics Call for Better Risk Management at Real Estate Trusts and Funds

Critics Call for Better Risk Management at Real Estate Trusts and Funds

SEOUL, Oct. 22 (Korea Bizwire) — As the size of real estate-related financial funds and real estate investment trusts – also known as a type of “shadow banking system” – surpasses 300 trillion won, critics say that the government should do more to manage the risks involved with such investments. According to a financial brief [...]

Money Pouring into Stock Market Funds Hits Record Highs on Market Rally

Money Pouring into Stock Market Funds Hits Record Highs on Market Rally

SEOUL, Feb. 19 (Korea Bizwire) — Money pouring into stock market funds reached new record highs as of late last month, on the strength of the recent market rally, financial data showed Sunday. The total held by investor deposits, money for derivatives trading, repurchase agreements (RP) account receivables for consignment, credit loans for stock investment [...]

Robots to Manage Financial Assets in Korea

Robots to Manage Financial Assets in Korea

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 [...]