SEOUL, Dec. 7 (Korea Bizwire) – With a parliamentary vote to impeach President Park Geun-hye two days away, the glare of investor attention is focused on its outcome with a rejection more likely to increase stock market volatility than a passage, analysts said Wednesday. Opposition parties and some ruling party lawmakers are slated to put [...]
SEOUL, Nov. 25 (Korea Bizwire) – It’s been a month since Korea began the pilot operation of a robo-advisor for financial investments, and thus far, it has left some positive impressions. According to Koscom, an IT solution company that’s overseeing the test bed, the AI-based system managed to make a profit on all portfolios investing [...]
CHEONGJU, South Korea, Nov. 18 (Korea Bizwire) – Iranian traditional medical company Tooba promised North Chungcheong Province it would make a $2-billion investment in Osong, after signing an agreement with the provincial government in 2015. Although highly regarded at the time, recent circumstances are breeding skepticism, with many questioning the legitimacy of Tooba’s assertions, and [...]
LIMA, Peru, Nov. 17, 2016 (Korea Bizwire) — Over half the businesses in the Asia-Pacific Economic Co-operation’s (APEC) 21 economies (53%) surveyed by PwC this year plan to increase their investments over the next 12 months. This is despite reporting fragile confidence in prospects for revenue growth over the next year and disappointment with pace of progress on [...]
SEOUL, Nov. 15 (Korea Bizwire) – Despite the current economic slump and unstable political circumstances, foreign companies here were found to consider Korea as an important and attractive market. According to accounting firm Samil PwC, 57.8 percent of executives from 73 overseas businesses gave a positive response towards the Korean market from a global business [...]
SEOUL, Nov. 15 (Korea Bizwire) – Investments by the top 30 conglomerates this year up to the third quarter showed a 24 percent drop compared to the same period last year, a tally from a corporate tracker showed Tuesday. The 30 business groups, who control 257 affiliates, invested 45.33 trillion won (US$38.83 billion) on tangible [...]
SEOUL, Nov. 14 (Korea Bizwire) – South Korea’s top Internet portal operator Naver Corp. said Monday that it will join hands with venture capital firms to launch an investment fund worth 50 billion won (US$42.7 million) to nurture the growth of local content services. Naver will invest 40 billion won into the so-called “SB Next [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korea and India on Wednesday launched a joint investment platform to deepen economic ties and corporate investments between the two nation. The investment facilitation team, called “Korea Plus,” was established after President Park Geun-hye and Indian Prime Minister Narendra Modi agreed to expand bilateral economic relations in their [...]
SEOUL, Nov. 2 (Korea Bizwire) – The latest report from the Korea Capital Market Institute (KCMI) revealed that the Q2 2016 balance of overseas stock investment by domestic residents was $159.3 billion, an almost four-fold increase since Q1 2009, shortly after the 2008 financial crisis. According to the institute, the trend was largely driven by [...]
SEJONG, Oct. 28 (Korea Bizwire) – South Korea will invest 1.6 trillion won (US$1.4 billion) into fundamental technologies for the so-called “fourth industrial revolution” in the next decade in a bid to lead the new evolution trend, the country’s top economic policymaker said Friday. “The government will give full support to the development of new [...]