SEOUL, Oct. 24 (Korea Bizwire) – South Korea’s credit default swap has risen by over 25 basis points since the beginning of this year, reaching nearly 70 bps, amid growing political tensions surrounding North Korea and the U.S.’s hardline stance. According to data by financial information firm Markit and Yonhap Infomax, the five-year credit default [...]
SEOUL, Jul. 21 (Korea Bizwire) — An increasing number of South Korean investors are showing interest in government bonds from countries such as Brazil, Mexico and Russia, with the value of Brazilian government bonds sold in South Korea during the first half of this year estimated to be around three trillion won, according to recent [...]
SEOUL, Jan. 17 (Korea Bizwire) – NH Investment & Securities became the first securities firm in Korea to adopt a biometric authentication system that scans veins on the palm of a user’s hand, to be used for financial transactions. According to officials, customers who register their biometric information can take advantage of the new system [...]
SEOUL, Aug. 5 (Korea Bizwire) — Hedge funds in Korea (private equity funds usually available to those with significant financial resources) are attracting wealthy investors – leading to a surging market. A hedge fund is an investment in a variety of assets, with limited regulations, that often generate higher returns than other investment products with similar [...]
SEOUL, Aug. 2 (Korea Bizwire) – South Korea’s top financial regulator unveiled a set of measures Tuesday to foster big investment banks, a move that could expedite the mergers and acquisitions of local brokerage houses. The Financial Services Commission (FSC) said it will allow brokerage houses with a capital base worth more than 4 trillion [...]
SEOUL, May 20 (Korea Bizwire) – Hyundai Motor Group was warned by Korea’s Fair Trade Commission (FTC) on Thursday for missing the deadline for selling off its cross shareholdings. Hyundai and Kia acquired 8.81 million new shares after merging two of their subsidiary companies, Hyundai Steel and Hyundai Hysco, in July 2015. The additional shares [...]
SEOUL, Nov.24 (Korea Bizwire) – Securities firms are changing their window of communication from company newsletters to webzines. Instead of company newsletters that only shared corporate news with employees, webzines are not only providing tips and information on finance, but also other content related to topics such as culture and travel, establishing a multi-communication platform [...]
Seoul, July 20 (Korea Bizwire) – The polarization of consumption is intensifying in the deflated economy as the number of ‘For Me’ spenders – those who spend money generously on what they want and what makes them happy – are increasing. NH Investment & Securities observed that “‘For Me’ spenders are showing a tendency of [...]
SEOUL, July 8 (Korea Bizwire) – Amid the recession in the stock market, the number of securities firms will fall below the 60 mark soon, while the number of asset management and investment consulting firms is on the rise. According to the Financial Supervisory Service on July 6, as of March this year, there are 61 [...]