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Tuesday, December 12, 2017

Money

The combined net profits of 53 domestic securities companies in the first half amounted to 1.92 trillion won (US$1.7 billion), the highest half-yearly figure after 2.18 trillion won (US$1.92 billion) in the first half of 2015.
Highest Half-yearly Figure
11 September 2017 - 11:30am
As the stock market had maintained bullish in the first half of this year, domestic securities firms saw their net profits reach nearly 2 trillion won (US$1.77 billion). According to the Financial...
Parnas Tower (center) near to the World Trade Tower has the highest rent in Gangnam area, Seoul.
Rent Costs in Gangnam
8 September 2017 - 12:45pm
Parnas Tower and Lotte World Tower, which were completed last year, are office buildings that have the highest rent costs in Gangnam, Seoul. Accordingly, Gangnam Finance Center, which had ranked...
Hyundai Life building.
Restructuring of Insurance Industry
7 September 2017 - 11:30am
After KDB Life, Hyundai Life will start its restructuring. This is the second restructuring of life insurers since the start of this year. The two life insurers started restructurings prior to the...
Samsung Securities will own about 10% of the whole stake in Dragon Capital.
Focusing on Overseas Market
7 September 2017 - 11:15am
Samsung Securities will acquire a stake in Dragon Capital, the largest asset management company in Vietnam. Samsung Securities is aiming to accelerate its inroads into the Vietnamese market by...
Koreans’ average daily spending of all payment methods, excluding cash, stood at 391.5 trillion won (US$345.66 billion) in the first half of this year, up 4.7 percent from a year ago.
Era of Mobile Card
6 September 2017 - 1:45pm
According to a report “Payment Trend in First Half of 2017” release by the Bank of Korea (BOK) on September 5, the average daily spending of all payment methods, excluding cash, stood at 391.5...
Large securities firms are actively hiring experts who worked for foreign companies in order to , prepare for ultra large sized investment bank (IB).
Needed for IB Business
6 September 2017 - 12:15pm
Large securities firms, which are about to become a ultra large sized investment bank (IB), are strengthening its competitiveness by hiring experts who worked for foreign companies. According to IB...
Myeong-dong less crowded than before with fewer Chinese tourists found
Hit by Chinese Retaliation
6 September 2017 - 11:15am
The Bank of Korea announced on September 5 that South Korea recorded a current account surplus of US$7.26 billion in July this year. Although it was in the black for 65 months in a row, the amount of...
South Korea’s foreign exchange reserves totaled US$384.84 billion as of the end of last month, showing a month-on-month increase of US$1.08 billion.
FX Reserves
6 September 2017 - 11:15am
According to the Bank of Korea, South Korea’s foreign exchange reserves totaled US$384.84 billion as of the end of last month, showing a month-on-month increase of US$1.08 billion. Its forex reserves...
The Seoul burse opened on Sept. 4 with the KOSPI index at 2316.89, down 40.8 points (1.73 percent) from the previous trade day and closed at 2329.65, down by 28.04 (1.19%).
Due to N. Korea’s Nuclear Test
5 September 2017 - 3:15am
The financial market is shaking such as a KOSPI market crash due to North Korea's sixth nuclear test. On September 4, the stock market opened with the KOSPI index at 2316.89, down 40.8 points (1.73...
The Korea Asset Management Corporation (KAMCO) has been selected as the preferred bidder for the Asian Development Bank’s consulting project for the banking industry of Mongolia.
Implementing ADB Project
1 September 2017 - 3:00pm
The Korea Asset Management Corporation (KAMCO) and Financial Access (FA), which is a financial consulting firm headquartered in the Netherlands, have been selected as the preferred bidder for the...
Foreign investors’ capital is flowing into China as leading items in the South Korean stock market is losing its strength due to negative factors from home and abroad.
Due to Negative Factors
1 September 2017 - 1:30pm
Foreign investors’ capital in flowing into China as leading items in the South Korean stock market being losing strength due to China’s escalating economic retaliation against Korean firms over the...
Ranking 1st in Asia
31 August 2017 - 10:30am
More than 300 exchange-traded funds (ETFs) have been listed on the domestic stock market. The Korea Exchange (KRX) announced its plan to list 500 ETF items and turn it into the global leading market...

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