SEOUL, April 12 (Korea Bizwire) — Investment funds in South Korea that consider environmental, social and governance (ESG) factors in investment decisions are emerging as a hot trend in the nation’s financial industry. The number of financial products that are classified as equity ESG funds among domestic public offering funds as of Thursday totaled 36 [...]
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 [...]
SEOUL, Aug. 27 (Korea Bizwire) — Deposits at South Korea’s individual retirement pension (IRP) products rose more than 16 percent in the first half of the year to flirt with 30 trillion won, data showed Thursday. The cumulative amount of IRP funds came to 29.5 trillion won (US$24.9 billion) at the end of June, up [...]
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 [...]
BEIJING, Sept. 10 (Korea Bizwire) — Sky9 Capital, an early-stage venture capital firm that invests in Chinese technology start-ups, announced today that it has closed a new set of funds with $440 million in capital commitments, including Sky9 Capital Fund IV, L.P. and Sky9 Capital MVP Fund, L.P. The new funds build on top of [...]
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 [...]
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 [...]
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 [...]
SEOUL, Nov. 30 (Korea Bizwire) – The net asset of South Korea’s overseas investment funds last week hit a record high of 88.2 trillion won (US$75.4 billion) in nearly nine years, government data showed Wednesday. It marked the highest since Dec. 6, 2007, when the corresponding figure came to 87.8 trillion won, according to data [...]
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 [...]