SEOUL, Nov. 2 (Korea Bizwire) – The latest report from the Korea Capital Market Institute (KCMI) revealed that the Q2 2016 balance of overseas stock investment by domestic residents was $159.3 billion, an almost four-fold increase since Q1 2009, shortly after the 2008 financial crisis. According to the institute, the trend was largely driven by [...]
SEOUL, Sept. 12 (Korea Bizwire) – Korea’s entertainment industry has been among the most affected by the government’s recent decision to deploy a THAAD battery, and it has resulted in losses of billions of won for stock-rich celebrities with large stakes in entertainment companies. According to Chaebol.com, a market research firm, the total stock assets (as [...]
SEOUL, Aug. 22 (Korea Bizwire) – Market players in South Korea have placed mixed bets on shares of Samsung Electronics Co. this month, with foreigners remaining a net seller of the stock while local institutional investors keep buying it. Shares of Samsung hit an all-time closing high of 1,675,000 won (US$1,492) last Friday. The stock [...]
SEOUL, Aug. 19 (Korea Bizwire) – South Korean shares hit this year’s new high on Friday, led by the continued rally of the top cap Samsung Electronics. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) gained 0.77 point, or 0.04 percent, to 2,056.24. Samsung Electronics climbed 2.13 [...]
SEOUL, August 3 (Korea Bizwire) – With interest rates remaining at record lows for an extended period of time, the popularity of alternative investments is on the rise. These alternative investments – assets other than the typical stocks, bonds, or cash – have the potential to yield high returns, at the cost of increased risk compared [...]
SEOUL, July 21 (Korea Bizwire) – Offshore investors have been on a buying streak for South Korean stocks, sending their market cap ratio in the main local bourse to a 14-month high, the Korea Exchange said Thursday, but analysts were divided on whether the rally will continue. Shares held by foreign investors as of Tuesday [...]
SEOUL, July 1 (Korea Bizwire) – Thursday, June 30, was a shameful day for the Korean music industry. Park Yoo-chun, a K-pop singer from the group JYJ who’s under high media attention for a sexual assault scandal, and Lee Juno, a 90s pop star from Seo Taiji and Boys who was recently accused of sexual molestation, [...]
SEOUL, June 28 (Korea Bizwire) – A Korean research team has developed an artificial intelligence system that can analyze constantly-changing stocks, exchange rates, and housing prices. A team of scientists from the Ulsan National Institute of Science and Technology, led by professor Choi Jae-sik, developed a ‘Relational Automatic Statistician System’, which is an AI-based system [...]
SEOUL, May 17 (Korea Bizwire) – Shares in Samsung C&T Corp. have been on a downward curve since September when a merger of two major Samsung Group affiliates generated the construction-to-fashion holding company for Samsung Group, analysts said Tuesday. They attributed the fall largely to the company’s drop in overseas orders and sluggish domestic demand for [...]
SEOUL, May 16 (Korea Bizwire) – Foreign investors bought a net 2 trillion won (US$1.7 billion) worth of South Korean stocks last month due to a growing appetite for emerging-market assets, the country’s financial regulator said Monday. Foreigners continued to buy Korean stocks for the second consecutive month in April, bringing their accumulated holdings of [...]