Gold Archives | Be Korea-savvy
South Korea’s Gold ‘Kimchi Premium’ Shrinks Amid Volatile Market

South Korea’s Gold ‘Kimchi Premium’ Shrinks Amid Volatile Market

SEOUL, March 5 (Korea Bizwire) — The premium on South Korean gold prices, which had been trading more than 20% above international rates, has rapidly declined, leading to heightened market volatility. At one point, domestic gold prices dropped at 15 times the rate of global gold prices, triggering increased investor caution. According to the Korea [...]

Jewelry Stores on Edge as Gold Prices Soar and Thefts Rise

Jewelry Stores on Edge as Gold Prices Soar and Thefts Rise

CHANGWON, Feb. 12 (Korea Bizwire) — Jewelry store owners in South Korea’s Changwon region are on high alert following a recent theft of millions of won worth of precious metals, amid record-high gold prices. According to the Korea Precious Metals Retailers Association on February 11, jewelry store owners in South Gyeongsang Province are sharing descriptions of [...]

South Koreans Flock to Gold Amid Political Turmoil and Global Tensions

South Koreans Flock to Gold Amid Political Turmoil and Global Tensions

SEOUL, Dec. 13 (Korea Bizwire) – South Korean investors are increasingly turning to gold as a safe-haven asset, driven by a combination of domestic political turbulence and international geopolitical tensions. The trend comes as gold prices show signs of rebounding after a brief November dip, bolstered by news of renewed Chinese gold purchases following October’s record [...]

Young South Koreans Flock to Convenience Stores for Gold Amid Economic Uncertainty

Young South Koreans Flock to Convenience Stores for Gold Amid Economic Uncertainty

SEOUL, May 22 (Korea Bizwire) – As economic headwinds stir up demand for safe-haven assets, convenience stores in South Korea are seeing a surge of younger buyers snapping up affordable, bite-sized gold bars, underscoring the appeal of the precious metal as a compact investment during turbulent times.  Convenience store operators say sales of card-sized gold bars [...]

Sales of Gold Bars Soar amid Sky-high Gold Prices

Sales of Gold Bars Soar amid Sky-high Gold Prices

SEOUL, April 12 (Korea Bizwire) — With the price of gold surging in recent days, an increasing number of investors are buying actual gold products. According to industry sources, the value of gold bars sold through the nation’s four major banks during the period from April 1 to 6 stood at about 2.49 billion won [...]

S. Korea’s Minting Agency Inks Gold-based NFT Business Agreement

S. Korea’s Minting Agency Inks Gold-based NFT Business Agreement

DAEJEON, Oct. 21 (Korea Bizwire) — South Korea’s state-run minting agency said Thursday that it signed a memorandum of understanding (MOU) with a handful of domestic companies to carry out a gold-based non-fungible token (NFT) business. To broaden the online sales channels of high-end gold products, the Korea Minting and Security Printing Corp. (KOMSCO) joined [...]

Brunswick Exploration Options New Discovery Adjacent to the Fundy Gold Project

Brunswick Exploration Options New Discovery Adjacent to the Fundy Gold Project

MONTREAL, May 13 (Korea Bizwire) – Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to announce that is has signed an amendment to the option agreement made in October 27th 2020 with prospector Robert Murray to acquire a 100% interest in the Menzies Lake Claim (“Property”), located 20 kilometers west of the City of Saint John, New [...]