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 [...]
SEOUL, May 9 (Korea Bizwire) – More than 1,800 jobs vanished from the financial sector in 2015. Financial institutions have downsized their workforces due to weakening profit margins and the increasing ubiquity of fintech and automated branches, which require fewer employees. According to the Financial Supervisory Service (FSS), the number of employees at financial institutions [...]
SEOUL, Jan.29 (Korea Bizwire) – Two leading tech giants, Apple and Facebook, seem to be in different leagues given their recent performance. With demand for smartphones on the wane, industry watchers even predicted a quarter of negative growth for Apple. On the other hand, Facebook is performing far better than market expectations. On January 27, [...]
SEOUL, Dec. 10 (Korea Bizwire) – Foreign investors have been in a selling binge of local stocks as they reduced risky bets ahead of a looming U.S. rate hike, market watchers said Thursday. Offshore investors offloaded 243 billion won(US$207 million) worth of shares traded on the main KOSPI market on Wednesday, extending their selling spree [...]
SEOUL, Dec.3 (Korea Bizwire) – The shock effect of black market deals with analysts and fund managers involved is hitting hard at securities firms in Yeouido. Numerous trade firms and asset management firms have been investigated by the prosecution, with documents and data seized and offices searched. The investigation has revealed even more names in [...]
SEOUL, Nov. 17 (Korea Bizwire) - South Korean listed firms saw their sales edge down in the first nine months of the year but their bottom lines improved on the back of reduced costs for raw materials, the country’s bourse operator said Tuesday. Sales of 498 firms traded on the main KOSPI market totaled 1,205.6 trillion [...]