SEOUL, June 18 (Korea Bizwire) – South Korea’s financial regulator has issued a consumer alert warning the public about a rise in fraudulent schemes involving fake promises of imminent stock market listings—an increasingly sophisticated scam targeting retail investors amid the country’s recent market rebound. According to the Financial Supervisory Service (FSS), scam operators are falsely [...]
SEOUL, Jun. 25 (Korea Bizwire) – The co-living phenomenon in South Korea has seen remarkable growth, with facilities in Seoul now able to accommodate up to 7,000 residents, according to a recent report by Savills Korea, a global real estate services provider. The report, titled “2024 Korea Co-Living Report” and released on June 24, highlights the [...]
SEOUL, Aug. 4 (Korea Bizwire) — The number of retail investors accessing mobile trading systems (MTS), or smartphone trading, is rapidly rising amid sharp fluctuations in the share prices of secondary battery materials producers. According to industry sources, the daily active users (DAU) for five major brokerages — Mirae Asset Securities Co., Samsung Securities Co., [...]
SEOUL, Nov. 7 (Korea Bizwire) — Even during the week when American big tech firms reported disappointing third-quarter results and suffered a sharp decline in stock prices, South Korean investors net bought a substantial amount of their stocks, data showed Sunday. Meta Platforms Inc., the operator of Facebook, ranked first in terms of net buying [...]
SEOUL, July 20 (Korea Bizwire) — Three in 10 South Korean adults have invested in stock funds, with an average investment of close to 40 million won (US$30,480), a poll showed Tuesday. The Korea Financial Investors Protection Foundation conducted a survey of 2,500 adults between 25 and 64 years of age, 28 percent of whom [...]
SEOUL, June 6 (Korea Bizwire) — South Korean investors are continuing to buy shares in electric vehicle leader Tesla Inc. despite the plunging price, data showed Sunday. Local investors bought US$1.03 billion worth of Tesla shares last month, the highest since last December, according to the data from the Korea Securities Depository. As such, South [...]
SEOUL, May 18 (Korea Bizwire) — The shocking implosion of the TerraUSD and Luna cryptocurrencies threw many young investors into a panic, some of them saying their entire assets were blown up or even leaving suicidal messages. In a crash starting a week earlier, the once bullish TerraUSD and sister coin Luna had lost almost [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korean investors’ holdings of foreign securities touched a new all-time high in 2021 on an overseas investment boom, data showed Thursday. Local investors had held overseas stocks and bonds worth US$100.59 billion as of end-2021, up 39.3 percent from a year earlier, according to the data from the [...]
SEOUL, Dec. 23 (Korea Bizwire) — Turnover of South Korea’s main bourse plumbed a 19-month low in December as retail investors flee stocks for higher returns, data showed Thursday. The average daily turnover of the KOSPI market stood at slightly over 10 trillion won (US$8.39 billion) for 16 trading sessions till Wednesday, according to the [...]
SEOUL, Dec. 7 (Korea Bizwire) — South Korea’s senior investors over 60 years of age are actively investing in foreign stocks as returns in the domestic stock market remain uninspiring. The number of foreign stock accounts held by domestic retail investors stood at around 3.9 million in late October, double the roughly 1.9 million recorded [...]