SEOUL, Feb. 9 (Korea Bizwire) — Foreign investors’ net selling of South Korean securities slowed sharply in January as they increased holdings of stocks amid expectations the U.S. Federal Reserve would slow monetary tightening and China’s economy would recover, central bank data showed Thursday. The value of their combined investment in local securities — stocks [...]
SEOUL, Jan. 12 (Korea Bizwire) – Foreign investors turned net sellers of South Korean securities for the first time in three months in December amid high U.S. interest rates, central bank data showed Thursday. Their combined investment funds in local securities — stocks and bonds — came to a net outflow of US$2.42 billion last [...]
SEOUL, Jan. 13 (Korea Bizwire) — Foreign investors’ net purchase of South Korean securities was the biggest in 12 years last year due largely to their buying spree of local bonds, central bank data showed Thursday. Foreigners bought a net US$38.71 billion worth of Korean securities last year, sharply up from $3.47 billion the previous [...]
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. [...]