SEOUL, Jan. 16 (Korea Bizwire) – South Korea will expand investments to secure a new growth strategy to cope with the fast-paced industrial transformation, dubbed the fourth industrial revolution, the science minister said Monday. The remarks were made during a meeting between officials of the Ministry of Science, ICT and Future Planning, and executives of [...]
SEOUL, Jan. 12 (Korea Bizwire) – The net asset of South Korea’s overseas investment fund is forecast to reach 100 trillion won (US$84.5 billion) soon, as investors are seeking higher returns amid declining rates, market watchers said Thursday. The figure hit a record high of 91.7 trillion won on Friday after surpassing the 90 trillion [...]
SEOUL, Jan. 9 (Korea Bizwire) – South Korea’s asset managing giant Mirae Asset Financial Group said Monday that it will invest about 1 trillion won (US$827 million) into building a luxury resort complex on the country’s southwest coast by 2029. In August 2016, a consortium led by the financial group was selected as a preferred [...]
SEJONG, Jan. 4 (Korea Bizwire) – South Korea will invest nearly 14 trillion won (US$11.6 billion) into new energy industries such as solar power this year in a bid to foster the potential sectors as the country’s new growth engines, the ministry here said Wednesday. The Ministry of Trade, Industry and Energy said investment made [...]
SEOUL, Jan. 2 (Korea Bizwire) – Private investors were the big losers in last year’s stock market, a contrast to institutional and foreign investors that ended the year on the plus side, financial industry data showed Monday. The top 20 most-purchased stocks by private investors in the main bourse KOSPI ended 33.07 percent down by [...]
SEOUL, Dec. 29 (Korea Bizwire) – South Korea said Thursday it will revise regulations on the capital market in a bid to foster mega-sized investment banks (IBs) here modeled after Goldman Sachs. The Financial Services Commission (FSC) notified the public of the revision plan in which local brokerages with a huge capital base will be [...]
SEOUL, Dec. 16 (Korea Bizwire) – It has been almost two weeks since China’s ambitious Shenzhen-Hong Kong Stock Connect was launched, but the trading link has so far failed to drum up much excitement, at least from the point of view of Korean investors. According to the Korea Financial Investment Association, the aggregate trade volume [...]
SEJONG/SEOUL, Dec. 15 (Korea Bizwire) – South Korea’s finance minister said Thursday that Asia’s fourth-largest economy has strong economic and financial fundamentals to overcome the current headwinds stemming from the domestic political turmoil and a global economic slowdown. The recent political turbulence sparked by the impeachment of President Park Geun-hye is feared to weigh on [...]
SEOUL, Dec. 13 (Korea Bizwire) – Despite an overall market slump, investors are scrambling to bet on stocks related to presidential hopefuls as an early election is deemed inevitable following the impeachment of President Park Geun-hye, data showed Tuesday. South Korean lawmakers voted overwhelmingly to impeach Park on Friday over a massive corruption and influence-peddling [...]
SEOUL, Dec. 12 (Korea Bizwire) – Crowdfunding is constantly spreading in South Korea as an effective option for both startups and investors, less than a year after the platform was introduced here, government data showed Monday. More than 100 firms, mostly those in the manufacturing, ICT and film-making sectors, have raised a total of 16.3 [...]