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Friday, June 23, 2017

Money

The stock price of ING Life Insurance has recovered the IPO price with the shortest period of time.
Different from Others
23 June 2017 - 11:15am
As the stock price of ING Life Insurance has recovered the IPO price with the shortest period of time among listed life insurance companies, all eyes are on whether the company will break a jinx of...
Five large Korean securities firms will enter the investment bank (IB) business by applying for their own IB license as early as June 30.
Application for IB License
23 June 2017 - 10:45am
Five large Korean securities firms will apply for license for the investment bank (IB) business as early as June 30. Five large Korean securities firms will enter the investment bank (IB) business by...
Asian capital is filling up a vacancy of U.S.-based Franklin Templeton in the domestic bond market as the big player left the Korean market.
Bond Market Instability
22 June 2017 - 3:30pm
Asian capital is filling up a vacancy of U.S.-based Franklin Templeton, a big player in the domestic bond market. The expectation that foreign investors’ share in the won-denominated bond market will...
The total foreign exchange deposits of residents in Korea increased by US$2.55 billion to US$69.94 billion.
Foreign Currency Deposits
22 June 2017 - 10:45am
Foreign currency deposits in South Korea in May went up by more than US$2.5 billion (2.86 trillion won). The Bank of Korea (BOK) announced on June 15 that the total resident foreign exchange deposits...
The KOSPI closed at 2,357.53 on June 21, down 11.70 points, or 0.49 percent, from the previous day as China A-stocks are included in the Morgan Stanley Capital International (MSCI) emerging markets (EM) index.
Aftermath of China’s MSCI Inclusion
22 June 2017 - 10:45am
The benchmark Korea Composite Stock Price Index (KOSPI) closed at the 2,350 level as China A-stocks are included in the Morgan Stanley Capital International (MSCI) emerging markets (EM) index. It...
The won-dollar exchange rate, which was 1,110 won per dollar early this month, has risen above 1,140 won on June 21.
Equal Benchmark Interests
22 June 2017 - 10:45am
Amid weakness of the Korean won continuing due to a US interest rate hike this month, American Otto Warmbier’s death after his returning to the US triggered a firestorm among Americans to deteriorate...
Shutdowns of the Korean branches of the foreign banks including Goldman Sachs are continuing.
Exodus from Korea?
22 June 2017 - 10:30am
Three foreign banks -- Goldman Sachs, Royal Bank of Scotland (RBS) and BBVA -- closed their branches in Korea. The Financial Supervisory Commission (FSC) decided in its regular meeting on June 14...
Chinese capital worth 468 billion won (US$410.13 million) slipped from the domestic stock market this year.
Attention to Money Flow
21 June 2017 - 2:00pm
Due to an anti-Korea sentiment over the deployment of the U.S. Terminal High Altitude Area Defense (THAAD) system and the tight money market in China, Chinese capital worth 468 billion won (US$410.13...
Yoon Woong-won (left), president of KB Kookmin Card and Kevin Kim, president of the Bank of Hope are posing for a photo after signing an agreement on strategic alliance at the Bank of Hope headquarters in Los Angeles on June 19 (local time).
Credit Card Business
21 June 2017 - 12:15pm
KB Kookmin Card signed a strategic agreement on joint business projects in the US with the participation of Yoon Woong-won, president of KB Kookmin Card and Kevin Kim, president of the Bank of Hope...
It is still unclear when an exchange registration system of the virtual currency like Bitcoin, which the market expects, can be introduced in Korea.
Cryptocurrency for Speculation
19 June 2017 - 11:30am
South Korea’s government agencies and financial regulators concluded on June 18 that the rising prices of cryptocurrencies, such as Bitcoin and Ethereum, are based on speculation, rather than...
The market cap rankings of six out of the 10 companies with the largest caps in the KOSPI market have changed at least once since the beginning of this year.
Market Capitalization
16 June 2017 - 1:15pm
It has been found that the market cap rankings of six out of the 10 companies with the largest market caps in the KOSPI exchange have changed at least once since the beginning of this year. The Korea...
A photo of NH Nonghyup Bank’s business agreement on All One Bank with VIMO.
Mobile banking in Vietnam
14 June 2017 - 4:00pm
NH Nonghyup Bank announced on April 4 that the bank will join forces with VIMO, a Vietnamese mobile payment company, and CJ E&M Vietnam, a Korean cultural contents company, in an effort to take...

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