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‘Korean Paper’ Hit Hard by Insurer’s Uncalled Bonds

SEOUL, Nov. 7 (Korea Bizwire) – Foreign currency-denominated securities sold by South Korean financial institutions have taken a big hit from a local insurer’s recent decision not to exercise a call option for long-term hybrid bonds, which is widely feared to negatively affect their future overseas issues. A week ago, second-tier insurer Heungkuk Life Insurance [...]

Korean Investments in Foreign Securities Grows Most in 7 Years in 2014

SEOUL, Mar. 6 (Korea Bizwire) — South Korean institutions’ investments in foreign securities grew at the fastest pace since 2007 last year on a rise in massive buying of foreign bonds and so-called Korean paper, central bank data showed Friday. The outstanding value of foreign securities held by institutional investors jumped by US$20.9 billion in [...]