SEOUL, Jan. 6 (Korea Bizwire) — Apple Inc. was the top pick by South Korean investors among foreign companies during the fourth quarter of last year as local investors joined the rush to buy shares in the U.S. tech giant on hopes of it making a rally, data showed Monday. Apple outperformed all other market-leading [...]
SEOUL, Dec. 29 (Korea Bizwire) — Gold has posted stellar returns this year, data showed Sunday, as an economic slump, a lengthy Sino-American trade row and other downside risks chilled the stock market and stoked investors’ flight to safety. According to the data compiled by Daishin Securities, the retail price of 1 don of pure [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korean investors are shifting their money into stocks out of safer bonds as risk appetite perks up on eased concerns over the U.S.-China trade spat, data showed Monday. Funds reserved for local stocks registered a net inflow of slightly over 320 billion won (US$276 million) in the one-month [...]
SEOUL, Jul. 28 (Korea Bizwire) — The daily average trading volume at South Korea’s main bourse reached the lowest level in 30 months in July, data showed Sunday, as investors’ sentiment was hurt by the global trade disputes. As of Friday, the daily average trading volume on the main bourse reached 4.3 trillion won (US$3.63 [...]
SEOUL, Jun. 20 (Korea Bizwire) — A recent survey has revealed that the number of overseas stock investors in their 20s has been surging. Shinhan Investment Corp. said Wednesday that its survey of 30,000 customers investing in overseas stocks showed there were 17,340 investors in their 20s as of the end of May, accounting for [...]
DALLAS, Mar. 28 (Korea Bizwire) — Westwood Holdings Group, Inc. (NYSE: WHG), a leading investment manager to institutional investors, private wealth clients and financial intermediaries, today announced the launch of Westwood Sensible Fees™, a simple and innovative fee structure that is part of a new product initiative to solve the fee problem in efficient asset [...]
SEOUL, May 21 (Korea Bizwire) — As the South Korean population slowly ages, the number of elderly investors over 65 are also on the rise in the finance industry. According to a report released on Saturday by the Financial Supervisory Service, 23.6 percent (23.5 trillion won) of the total funds offered by financial institutions (99.9 [...]
ZURICH, Switzerland, Mar. 21 (Korea Bizwire) — Zichain, a Switzerland-based digital asset management company, is pleased to announce that it has secured an USD 1.2m investment from a syndicate of UHNW Hong-Kong based investors, supporting further development of its unique cryptocurrency products. The deal was confirmed while the Company was participating at the Goldman Sachs [...]
SAN FRANCISCO, Jan. 31 (Korea Bizwire) — Trifacta, the global leader in data wrangling, announced $48 million in financing from new strategic investors, including Columbia Pacific, Deutsche Börse, Ericsson, Google, and New York Life along with participation from existing investors Accel, Cathay Innovation, Greylock Partners, Ignition Partners, and Ridge Ventures. This brings Trifacta’s total financing [...]
SEOUL, Jan. 5 (Korea Bizwire) – South Korean investors have pulled about 40 trillion won (US$37.7 billion) out of money market funds (MMFs) over the past seven months as they sought higher returns in stock and property markets, data showed Friday. Outstanding MMFs totaled 99.3 trillion won as of Tuesday, compared with 138.8 trillion won [...]