Money | BusinessKorea

Wednesday, October 18, 2017

Money

Kakao Bank, the second internet-only bank in Korea, will officially open its service to the public on July 27.
Launching Internet-bank Services
24 July 2017 - 4:15pm
Kakao Bank, the second internet-only bank in Korea, will officially open its service to the public on July 27. With an exceptional remittance charge, the bank is expected to change the landscape of...
The total value of funds managed by the National Pension Service (NPS) reached 601 trillion won (US$537.09 billion) as of July 17, making it the world's third-largest in terms of size.
World's Third-largest in Size
24 July 2017 - 11:00am
The size of assets under management by South Korea's state pension fund surpassed the 600 trillion won (US$536.19 billion) mark for the first time. According to the Ministry of Health and Welfare (...
The total amount of foreign ownership of South Korean stocks surpassed the 620 trillion won (US$554.07 billion) mark for the first time ever
Hitting All-time High
24 July 2017 - 10:45am
The total amount of foreign ownership of South Korean stocks surpassed the 620 trillion won (US$554.07 billion) mark for the first time ever, up 17.44 trillion won (US$15.59 billion) in eight trading...
Coinone, a virtual currency exchange, will receive 30 billion won (US$27 million) investment from outside for the time in the virtual currency industry.
First in Korea
21 July 2017 - 1:00pm
Coinone, the nation's third largest virtual currency exchange, will receive 30 billion won (US$27 million) investment from outside for the time in the virtual currency industry. In particular, more...
KEB Hana Bank reportedly will sell part of its stake in its China unit to a Chinese company.
What Happened Really?
21 July 2017 - 12:15pm
According to media reports, Hana Financial Group Chairman Kim Jung-tae and KEB Hana Bank President Ham Young-joo recently met with China Energy Company (CEFC) Chairman Ye Jianming in Seoul and talked...
Nonghyup Financial Group Chairman Kim Yong-hwan (right in the picture) signed an MOU with Bank Mandiri CEO Kartika Wirjoatmodjo on July 17.
Cooperation in Financial Sector
18 July 2017 - 12:15pm
The Nonghyup Financial Group announced on July 17 that it signed an MOU with Bank Mandiri. The Indonesian bank has a total asset of 94 trillion won along with 11 subsidiaries, 3,626 branches and...
The role sharing structure between South Korea and China in terms of trade and investment relationship is getting weaker and the competition between the two is growing more fierce.
Competition Getting Fierce
17 July 2017 - 11:00am
The Bank of Korea (BOK) said in a report titled “China’s economic structural change and its implications” published in “Foreign Economic Focus on July 16 that the competition between South Korea and...
The net value of Korea's overseas investment funds has surpassed 110 trillion won (US$97.04 billion) as big investors look overseas for high returns despite the recent bull of the domestic stock market.
Overseas Investment Funds
17 July 2017 - 10:45am
The Korea Composite Stock Price Index (KOSPI) has soared past 2,400 points level, reaching a new record high every day. However, the net value of South Korea's overseas investment funds has surpassed...
Growing Stability
14 July 2017 - 10:15pm
The Asia-Pacific region continues to be viewed favorably by international investors for its economic and political stability. According to LaSalle’s mid-year Investment Strategy Annual (ISA) 2017,...
The foreign currency deposits in South Korea in June reached a record low.
Foreign Currency Deposit
14 July 2017 - 4:00pm
As businesses began a massive sale of U.S. dollars due to the rise in the won-dollar exchange rate last month, foreign currency deposits in South Korea in June reached a record low. According to a...
The KOSPI exceeded 2,400 for the first time in history at the closing bell
Bullish Stock Market
14 July 2017 - 11:30am
The KOSPI rose to an unprecedented new level. The index exceeded 2,400 for the first time in history at the closing bell and reached even 2,420 in the middle of the market. The KOSPI closed at 2,409....
The top management of the EFT Business Division at Mirae Asset Global Investments discussed investment strategy in the Mirae Asset Global ETF Rally at Fairmont Orchid Hotel in Hawaii in February 2017.
Global Expansion
14 July 2017 - 11:00am
Mirae Asset Global Investments announced on July 13 that the net assets of Mirae Asset Global Exchange ETF which advanced into sixteen countries including Korea, Canada, Australia, Hong Kong, 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: