Money | BusinessKorea

Tuesday, December 12, 2017

Money

The member countries of the Financial Action Task Force (FATF) agreed to pay more attention to prevent money laundering and terrorism financing using virtual currencies.
Common Efforts
7 November 2017 - 1:30pm
The Korea Financial Intelligence Unit (KoFIU) of the Financial Services Commission (FSC) attended the general meeting of the Financial Action Task Force (FATF) in Buenos Aires for six days starting...
The total capital increases of companies listed on the KOSPI market reached 8.9 trillion won (US$8 billion) from the beginning of this year to October 31, up 37.2 percent from a year ago.
Paid-in Capital Increase
7 November 2017 - 1:15pm
The capital increases of companies listed on the benchmark Korea Composite Stock Price Index (KOSPI) grew this year, while that on the secondary KOSDAQ market dropped. The KOSPI saw the total capital...
Korean companies will strengthen their stock dividend policy further in the futureWith their net profit growth and stronger interest of shareholders as well as introduction of the stewardship code.
For The First Time
7 November 2017 - 10:15am
Those who invest in dividend-paying stocks are expected to get more returns than those who put a deposit in a savings account or installment savings account for the first time in South Korea this...
Foreign securities companies accounted for just around 10 percent of the industry's total workforce (eight percent) and paid-in capital (11 percent) despite their large number.
Number Vs. Weight
7 November 2017 - 9:30am
The number of foreign securities companies stood at 22 as of the end of September this year, accounting for 40 percent of the total 55 brokerage players in South Korea. Compared to 2010, the local...
Samsung Bixby's share in the global AI assistant market is expected to be halved within three years.
Dropping by Half
6 November 2017 - 6:30pm
Analysis came out that China's Baidu AI would outperform Samsung’s Bixby and Apple’s Siri within three years in the global smartphone artificial intelligence (AI) assistant market. Bixby's share is...
Due to higher entry barriers to the domestic derivatives market, Korean individual investors are leaving the domestic derivatives market including futures and options and going abroad.
Due to High Entry Barriers
6 November 2017 - 6:15pm
South Korean individual investors are leaving the domestic derivatives market including futures and options and going abroad. This is because there are now higher entry barriers to the domestic...
Local securities companies will be included as a foreign currency bond dealer next year.
Dealing Foreign Currency Bonds
6 November 2017 - 12:45pm
Domestic securities companies will be included as a foreign currency bond dealer to operate foreign exchange reserves of the Bank of Korea (BOK) next year. The BOK announced on November 2 that it...
The KOSDAQ market closed above 700 points on November 3 for the first time in 15 months.
KOSDAQ Market Surging
6 November 2017 - 12:30pm
According to the Korea Exchange (KRX) on November 5, the KOSDAQ ended at 701.13, up 6.17 points, or 0.89 percent, on November 3 from 694.96 at the previous session. It was the first time in 15 months...
Mirae Asset Global Investments President Lee Tae-yong and officials at the Mirae Asset's ETF Business.
World’s First AI-based ETF
3 November 2017 - 2:00pm
Mirae Asset Global Investments announced on November 1 (local time) that it has listed an exchange traded fund (ETF), which invests in the global market using artificial intelligence (AI), on the...
Korean credit card issuers are seeking to push into the Vietnamese market.
Expansion into Overseas
3 November 2017 - 1:45pm
South Korean credit card issuers, which are struggling with unfavorable business environment due to lower credit card fees paid by small and medium stores, are seeking to push into the Vietnamese...
The Chain ID of the Korea Financial Investment Association (KFIA) made its debut on October 31 with KFIA President Hwang Young-gi delivering a congratulatory speech.
Blockchain-based Authentication
1 November 2017 - 11:30am
On October 31, the Korea Financial Investment Association (KFIA) launched the Chain ID, the first blockchain-based joint authentication service in the world. “An increasing number of major global...
KB Kookmin Bank’s opening ceremony of the Uijeongbu Foreign Exchange Service Center
Providing Convenience
31 October 2017 - 5:00pm
KB Kookmin Bank announced on October 29 that it has opened a foreign exchange service center in Uijeongbu to provide convenience for foreign workers in the northern region of Gyeonggi Province. The...

Pages

Subscribe to Money

Copyright 2013 BusinessKorea Co., Ltd.
301 Samdo Building, 12-1
Yeoido-dong, Yeongdeungpo-gu
Seoul, Korea 150-010
Tel: +82-2-578-3220
Fax: +82-2-578-3224
Email: contact@businesskorea.co.kr

 
 

Web design by: