SEJONG, July 28 (Korea Bizwire) – South Korea set out new tax code revisions Thursday, seeking to boost corporate investments in new future industries and household income and spending to cope with faltering exports and flaccid domestic demand. The government finalized the plan at a meeting chaired by Finance Minister Yoo Il-ho in Seoul, and [...]
SEOUL, July 27 (Korea Bizwire) – The Small and Medium Business Administration (SMBA) of South Korea announced on July 26 that last year’s angel investment – funds provided for start-up businesses – increased by 67.7 percent, exceeding 100 billion won ($88 million) for the first time since 2003. Considering the tax exemption limit law, investment profits [...]
SEOUL, July 25 (Korea Bizwire) – CLIO, a Korean cosmetics maker, revealed Monday that it had successfully secured a $50 million investment from L Capital Asia, a private equity fund formed in 2009 by LVMH (Moet Hennessy Louis Vuitton). This marks the fund’s second venture with a Korean enterprise following its investment in YG Entertainment [...]
SEOUL, July 25 (Korea Bizwire) – According to the Small & Medium Business Administration (SMBA), investment in newly-formed venture funds increased by 169.9 percent from 618.1 billion won in H1 2015 to 1.67 trillion won in H1 2016, which was also a record high for the first half of a year. The increasing investment in [...]
SEOUL, July 21 (Korea Bizwire) – Offshore investors have been on a buying streak for South Korean stocks, sending their market cap ratio in the main local bourse to a 14-month high, the Korea Exchange said Thursday, but analysts were divided on whether the rally will continue. Shares held by foreign investors as of Tuesday [...]
SEOUL, July 15 (Korea Bizwire) – The Bank of Korea (BOK) revealed on July 15 its ‘Adequacy Analysis of Recent Investment in Construction’ included in the Economic Outlook Report of July 2016, which showed serious concerns regarding the government’s economic stimulus plan focused on the construction industry. The BOK pointed out that Korea is following in the [...]
SEOUL, July 12 (Korea Bizwire) – The latest predictions of the future of the Korean asset management market indicate that the use of robo-advisors, AI-based asset management services, will become more prevalent in coming years. The AI platforms will serve as investment advisors that recommend specific financial products and investment portfolio composition via analysis of [...]
SEOUL, July 6 (Korea Bizwire) – South Koreans with financial assets worth more than 1 billion won (US$860,000) jumped 15.9 percent last year from a year earlier helped by increased returns from their investments in equities and real estate, a private think-tank report said Wednesday. The number of such deep-pocket Koreans climbed to 211,000 in [...]
SEJONG, July 5 (Korea Bizwire) – South Korea will invest a combined 42 trillion won (US$36.6 billion) into the renewable energy sector by 2020 as part of efforts to expand the environmentally friendly power supply system in the country, the trade ministry said Tuesday. Under the plan, new renewable power stations will be built by [...]
SEOUL, July 4 (Korea Bizwire) – The Korean Financial Supervisory Service (FSS) revealed Monday that it will implement a ‘deliberation policy’ in which an investor will be required to take time before making a final decision to invest in high-risk financial products. The policy will take effect as early as this coming August. Currently, citizens [...]