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 [...]
SEOUL, Sept. 17 (Korea Bizwire) — Stock transactions in South Korea spiked more than 70 percent in 2020 amid an investment craze among retail investors, data showed Friday. The value of stock trading in Asia’s fourth-largest economy stood at 35,397.3 trillion won (US$30.2 trillion) last year, up 70.5 percent from a year earlier, according to [...]
SEOUL, Aug. 10 (Korea Bizwire) — Domestic investors using robo-advisor services turned out to have a preference for domestic exchange traded funds (ETFs), a brokerage house said Monday. Kiwoom Securities Co. analyzed investment trends of 10,000 customers who set investment goals through the company’s KiwooGo robo-advisor. The analysis showed that the most favored portfolio type [...]
SEOUL, June 2 (Korea Bizwire) — South Korean investors’ purchase of shares in electric vehicle leader Tesla Inc. hit a one-year low in May amid a drop in its price, data showed Wednesday. Domestic investors bought a net US$80.8 million worth of Tesla shares in May, the lowest amount in one year, according to the [...]
SEOUL, April 27 (Korea Bizwire) – One of South Korea’s top financial officials has recently drawn the ire of investors in cryptocurrency when he lectured them, saying they were walking “on the wrong path” and needed to correct themselves. Appearing in a meeting at the National Assembly on Thursday, Financial Services Commission (FSC) Chairman Eun [...]
SEOUL, March 3 (Korea Bizwire) — The number of South Koreans in their 30s who opt to directly invest in stocks rather than other types of financial assets is increasing at a rapid pace. Rep. Yoo Gyeong-joon of the main opposition People Power Party recently analyzed investment data from Statistics Korea. The analysis showed that [...]
SEOUL, Feb. 19 (Korea Bizwire) — Gold prices in South Korea hit a 10-month low as hope of an economic recovery has made the bullion less attractive, data showed Friday. A gram of gold changed hands at 63,900 won (US$57.7) on the domestic market Friday, down 0.48 percent from the previous session, according to the [...]
SEOUL, Feb. 15 (Korea Bizwire) — YouTube channels run by South Korean brokerage houses are seeing spikes in the number of subscribers as retail investors are scrambling to collect tips and expertise. Mirae Asset Smart Money, a YouTube channel run by Mirae Asset Daewoo Co., is gaining attention after company’s Chairman Park Hyun-joo appeared in [...]