The KOSPI 200 futures market showed the first contango after the temporary short selling ban implemented in March this year. Under the circumstances, financial investment companies recorded a net purchase of approximately one trillion won and 478.2 billion won in KOSPI on June 3 and 4, respectively.
The benchmark Korea Composite Stock Price Index (KOSPI) closed 1.75 percent up on June 1 from the previous session on the back of foreign and institutional buying. The KOSDAQ rose 3 percent, crossing the 730-point mark for the first time in about a year.The KOSPI surged 35.48 points to close at 2,06
Efforts to develop technology to recycle carbon dioxide, the main culprit of global warming, are increasing related patent applications.The number of patent applications on electrochemical carbon dioxide conversion technology reached 161 over the past five years (2015-2019), said the Korean Intellec
The South Korean government has opened a bulletin board of the T/F for international cooperation on disease control on the English website of the Ministry of Foreign Affairs in order to respond systematically and efficiently to the international community’s call for sharing Korea's experiences i
The Bank of Korea announced on May 20 that residents’ foreign currency deposits in foreign exchange banks increased by US$2.89 billion to US$78.18 billion last month.Early this year, the foreign currency deposits decreased US$4.46 billion in January and US$6.47 billion in February for foreign exchan
South Korea and China have agreed to set up a "fast track" to allow business people to travel between the two countries amid the COVID-19 pandemic, China's top diplomat in South Korea said on April 28.Chinese Ambassador to South Korea Xing Haiming made the remarks during his keynote speech for a
The number of travelers to and from South Korea plummeted over 90 percent in March from a year earlier due to the COVID-19 pandemic. According to data released by the Justice Ministry on April 24, the number of outbound South Koreans and inbound visitors totaled 654,000 in March, a 91.7 percent plun
The average daily volume of foreign exchange dealings hit an all-time high in the first quarter of this year, when the financial market fell into chaos due to the spread of COVID-19.The Bank of Korea announced on April 23 that the daily average of foreign exchange dealings by foreign exchange banks
The Bank of Korea announced on April 20 that the foreign currency deposits of residents added up to US$75.29 billion at the end of last month, up US$6.78 billion from a month earlier. The deposits include US$64.46 billion deposited in the U.S. dollar, which increased US$5.92 billion last month.The r
Samsung Electronics is in consultation with the Chinese government to dispatch semiconductor engineers to China. If the Chinese government, which has blocked foreigners’ entry due to fears of a resurgence of the new coronavirus, grants special entry, it will be the first large-scale business trip by
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. We upgrade our rating on Kangwon Land to Buy. In the short term, the casino should enjoy strong pent-up demand upon a nationwide easing in the Covid-19 crisis. Over the mid/long term, the firm’s sh
The Bank of Korea announced on April 10 that foreign investors posted a net outflow of US$11.04 billion in the South Korean stock market last month, the largest since records began in January 2007.On the other hand, they posted a net inflow of US$3.66 billion in the bond market with the 10-year gove
The amount of outstanding bonds in Korea has surpassed 2,100 trillion won as the issuance of bonds such as financial bonds, government bonds, and asset-backed securities (ABS) increased sharply in March.The Financial Investment Association announced on April 8 that the amount of bonds issued in Marc
The number of foreigners purchasing daily necessities manufactured by South Korean companies is increasing at a rapid pace. With the demand for daily necessities on the rise across the world due to the spread of COVID-19, the exports of their tissue, hand sanitizer and instant noodle products and th
The Financial Supervisory Service and Korea Exchange announced on April 6 that the top 20 South Korean companies in terms of dividend payment are scheduled to pay foreigners a total dividend of US$4.37 billion this month.In the case of Samsung Electronics, which pays quarterly dividends, the upcomin
The Korea Composite Stock Price Index (KOSPI) edged down 0.04 percent to close at 1,717.12 points on March 30.In that trading session, foreign investors net-sold stocks worth 421.4 billion won whereas individual and institutional investors’ net purchases totaled 197.4 billion won and 218.7 billion w
Prime Minister Chung Sye-kyun announced on March 29 that mandatory two-week quarantine will be applied to every person who enters South Korea after March 31.The prime minister presided over the Central Disaster and Safety Countermeasures Headquarters’ meeting on the COVID-19 pandemic in Seoul on Mar
Foreign investors’ Korean corporate bond balance dropped from 119.1 billion won on Feb. 21 to 67.3 billion won on March 24.Although foreigners’ investment in the South Korean corporate bond market has formed a small portion, such a rapid increase in disinvestment has very few precedents. For example
The South Korean government announced on March 26 that the number of confirmed COVID-19 infections in South Korea increased by 104 to 9,241 on March 25. The 104 cases include 30 confirmed at airports and nine found in local communities after arrival from abroad.In other words, those from abroad cons
The South Korean government announced on March 25 that mandatory two-week self-quarantine will be applied, starting from midnight March 27 and regardless of the presence or absence of COVID-19 symptoms, to those entering South Korea from the United States. In the event of any symptom, the same diagn