SEOUL, Oct. 20 (Korea Bizwire) – South Korea will revise a law and administrative regulations on the local banking industry to make it easier for banks here to tap into insurance and investment-related businesses, and open new offices abroad, the financial regulator said Thursday. The move is meant to give local banks more autonomy in [...]
SEOUL, Oct. 20 (Korea Bizwire) – Korean Air Lines Co. and Asiana Airlines Inc., the country’s two major air carriers, are being shunned by institutional investors in the local debt market as they fret over their high indebtedness, although their third-quarter earnings are forecast to be better than expected, industry sources said Thursday. According to [...]
SEOUL, Oct. 17 (Korea Bizwire) – Shares held by foreign investors at South Korea’s top 30 listed firm have exceeded 315 trillion won (US$278 billion), data showed Sunday. According to the Financial Supervisory Service data submitted to the National Assembly, shares held by foreign investors were 67 percent of the total share ownership as of [...]
IRVINE, Calif., Oct. 13 (Korea Bizwire) — Hosted by VW WIN (OTCQB:VWIN), and the Company’s founder, Dato’ Seri TeikKeng Goh (“Stanley”), VW WIN’s Chairman and Controlling Shareholder, and See Kuy Tan (“Steve”), President, CEO & CFO, the Company’s leaders will explore Asian-American opportunities with U.S. investors Sunday (16), in a champagne and caviar cruise from [...]
IRVINE, Calif., Oct. 12 (Korea Bizwire) — VW WIN Century Inc. (OTCQB:VWIN) an Asian and American-owned publicly traded Company, will hold a series of investment seminars focusing on the opportunities for U.S. investors to participate in the growing synergy between American enterprise and Chinese Entrepreneurs. Hosted by the Company’s founder, Dato’ Seri TeikKeng Goh (“Stanley”), [...]
IRVINE, Calif., Oct. 11 (Korea Bizwire) — VW WIN Century Inc. (OTCQB:VWIN) an Asian and American-owned publicly traded Company, began operations in the U.S. for the first time. The Company’s founder, Dato’ Seri TeikKeng Goh (“Stanley”), VW WIN’s Chairman and Controlling Shareholder, said, “My target is to capitalize on my experience to build businesses in [...]
SEOUL, Oct. 7 (Korea Bizwire) – South Korea will invest more than 400 billion won (US$358 million) over the next five years in developing new virtual reality (VR) products and narrow its technology gap with global leaders, the government said Friday. The plan will focus on developing new and indigenous VR technologies and fostering the [...]
SEOUL, Oct. 7 (Korea Bizwire) – South Korea will relax regulations on local banks’ capital to help them improve profitability and raise global competitiveness, the nation’s top financial regulator said Friday. Yim Jong-yong, chairman of the Financial Services Commission (FSC), admitted that banks here are subject to some “excessive” rules including those on loan loss [...]
SEOUL, Sept. 29 (Korea Bizwire) – South Korea will double its investment in renewable energy technology as the country seeks to harness its climate change policy as a new economic growth driver, a senior diplomat said Thursday. “With recent low oil prices, the global energy market appears relatively stable, but actually it is in a [...]
SEOUL, Sept. 9 (Korea Bizwire) – A recent report by the Korea Creative Content Agency (KOCCA) revealed that the volume of Chinese capital invested in the Korean videogame industry – apart from back-door listings and securing intellectual property purposes – has plummeted to almost zero, after years of aggressive M&A efforts that shook up Korean [...]