SEOUL, Sept. 30 (Korea Bizwire) — An increasing number of South Korea’s major trading partners are implementing import restrictions on Korean products every year, data showed Thursday. Rep. Park Young-soon of the Democratic Party referred to a Korea Trade-Investment Promotion Agency (KOTRA) report that said the number of import restrictions on Korean products rose from [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korean stock investors will be allowed to trade foreign stocks in decimal points via the securities firms of their choice, starting from the end of this year at the earliest. The Korea Securities Depository (KSD) announced that it had completed the setup of a special infrastructure to enable [...]
SEOUL, Sept. 16 (Korea Bizwire) — The volume of transactions processed through the decimal point trading service for foreign stocks has been on an upward trend since it was introduced three years ago. According to data that Rep. Youn Kwan-suk of the ruling Democratic Party received from the Financial Services Commission, the number of users [...]
SEOUL, Sept. 14 (Korea Bizwire) — Starting from next year, retail investors will be able to buy blue-chip stocks costing tens of thousands of won per share in decimal points not only from foreign stock exchanges but also at domestic ones. The Financial Services Commission (FSC), the nation’s top financial regulator, announced that it had [...]
SEOUL, April 19 (Korea Bizwire) — South Korea said Monday it plans to crack down on any illegality involving cryptocurrencies, such as money laundering, until June amid skyrocketing prices of virtual money. The interagency crackdown comes as the latest frenzied buying of bitcoin and other cryptocurrencies raises concerns about speculative investments and potential illegal activities, [...]
SEOUL, March 9 (Korea Bizwire) — The average daily transaction amount of cryptocurrencies is skyrocketing on the back of rising investment fever. The combined transaction amount of the nation’s four major cryptocurrency exchanges totaled 445 trillion won (US$389 billion) during the period from Jan. 1 to Feb. 25, far exceeding last year’s yearly total of [...]
SEJONG, June 4 (Korea Bizwire) — South Korea will allow consumers to get foreign currencies via a no-contact delivery service if they change the Korean won into foreign currencies through a digital platform, Finance Minister Hong Nam-ki said Thursday. The move is part of the government’s efforts to ease regulations as it seeks to revive [...]
NEW YORK, Sept. 18 (Korea Bizwire) — As trading desks across the region brace for the fallout of heightened geo-political and economic risk, being recognized by investors as a market leader is an unparalleled tool to gaining new investors. More than 12,000 votes were cast by some of the regions most influential investors to name [...]
NEW YORK, Jul. 26 (Korea Bizwire) — The Nasdaq Stock Market® (Nasdaq:NDAQ) announced that trading was halted today in M I Acquisitions, Inc. (Nasdaq:MACQ, MACQU, MACQW) at 9:53:11 Eastern Time for “additional information requested” from the company at a last sale price of $11.10, $13.26 and $1.9207 respectively. Trading will remain halted until M I [...]
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, [...]