SEOUL, May 13 (Korea Bizwire) — Foreign investors continued to net sell South Korean stocks in April amid the coronavirus pandemic but boosted their purchase of local bonds, central bank data showed Wednesday. Foreigners net sold US$4.32 billion worth of local shares in the month, according to the data from the Bank of Korea (BOK). [...]
SEOUL, Sept. 13 (Korea Bizwire) – Securities companies in South Korea have shuttered more than 800 branches over the past seven years. As of the end of June, a total of 1,013 branches were being operated by 55 securities firms in the country, according to the Korea Financial Investment Association. This represents a 44.3 percent plunge [...]
SEOUL, Nov. 28 (Korea Bizwire) – Last week, prosecutors began probing the $8-billion merger in 2015 between two Samsung affiliates – Samsung C&T and Cheil Industries – over the possibility that Choi Soon-sil, the center figure in Korea’s influence-peddling scandal, may have also been behind Samsung’s controversial deal. The merger faced strong challenges from individual [...]
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, Jan. 6 (Korea Bizwire) – South Korea’s securities industry faces an unabated wave of layoffs this year as brokerages strive to bolster their bottom lines and cut costs amid a bearish stock market and growing online stock trading, experts said Wednesday. Over the past several years, local securities companies have been trimming their workforces [...]
SEOUL, May 30 (Korea Bizwire) — Korean stock firms place much more emphasis on recommending their customers to buy stocks rather than sell them. According to the Korea Financial Investment Association and industry representatives on May 29, only 0.3 percent of the stock recommendations given by analysts from 33 Korean firms over the past year [...]
SEOUL, Oct. 28 (Korea Bizwire) – Consumers in South Korea can now enjoy banking and securities services in one sitting. The Financial Services Commission announced on October 24 that it would allow banks to provide banking and securities services at the same time, as a follow-up to a plan to lift financial regulations reported last July. [...]
SEOUL, July 25 (Korea Bizwire) – Ahead of a measure to relax regulations on barriers between different financial services such as banking, securities, and insurance, responses are mixed. Some large financial service firms with operations across multiple areas welcome the announcement while those that are not big enough fret that the measure would change the industry landscape completely [...]
ARMONK, N.Y., Aug. 30, 2013 (Korea Bizwire) – Kiwoom Securities Co., Ltd., South Korea’s leading online financial institution, has turned to IBM (NYSE: IBM) Flash technology to better manage its mounting data volumes and enable faster online trading to a rapidly growing customer base. Managing $2 billion in assets, Kiwoom is the largest online financial service provider in [...]