SEOUL, Oct. 3 (Korea Bizwire) -- South Korean money market funds (MMFs) have suffered huge capital outflow due to growing worries over a financial crisis in Turkey, data showed Wednesday. The MMFs had a combined 91.27 trillion won (US$81.5 billion) under their management as of Friday, the lowest since January 5, 2015, according to [...]
SEOUL, May 23 (Korea Bizwire) – Financial authorities on Wednesday unveiled a set of measures to allow companies to secure loans using their movable assets, including intellectual property and half-finished goods, as collateral. The measures are aimed at helping small and medium-sized enterprises (SMEs) and startups raise funds, the Financial Services Commission (FSC) said in [...]
SEOUL, Sep. 7 (Korea Bizwire) – From now on, government regulation on Korean nationals investing in the domestic stock market disguised as a foreign investor will be strengthened. In addition, the requirements for financial investment firms to submit accounting audit data with financial regulators will be relaxed while the reentry barriers for financial investment firms [...]
SEOUL, South Korea, April 23, 2014 (Korea Bizwire) – The number of private investors who have bought Korea’s listed stocks and bonds has exceeded 10,000. Previously, all foreign investments have been made under institutional names from tax havens such as the Cayman Islands, Virgin Islands and Bermuda. On April 22, the Financial Supervisory Service (FSS) reported that [...]