Investors from Asian countries net purchased 1.8 trillion won (US$1.59 billion) worth of Korean stocks in June, while net selling by foreign investors in general reached 715 billion won (US$633.3 million).Amid a trade war between China and the United States, foreign investors except those from Asian
The National Pension Service (NPS) has been operating without the chief officer of national pension fund management for a year.Temasek Holdings Private Ltd., a state-owned holding company that can be characterized as a national wealth fund owned by the Government of Singapore, sold part of its stake
The Korea Racing Authority (KRA) said on July 6 that it has extended its horse racing export contract with the US, the world's top-class horse racing country, following its entry into the UK in June. The contract will be signed by Sky Racing World, a US-based racing distributor.The KRA signed th
South Korean President Moon Jae-in is making a state visit to India and Singapore from July 8 to 13. On July 9, he will attend a ceremony marking the completion of Samsung Electronics’ new smartphone manufacturing plant in India along with Samsung Electronics vice chairman Lee Jae-yong, who is the o
JW Pharmaceutical Corp. is collaborating with the Agency for Science, Technology and Research (A*STAR), Singapore's largest state-run research agency, to develop innovative drugs. It is the first contract a South Korean pharmaceutical company signed for joint research in the field of basic resea
The Korea Testing & Research Institute (KTR) announced on June 27 that it is increasing its support for exporting companies in need of Halal certification by signing MOUs with multiple global Halal consulting providers. That day, KTR President Byun Jong-rip signed an MOU with ARK in Singapore so tha
Seoul is the fifth most expensive city in the world for expats, according to an annual cost of living report produced by global consulting firm Mercer.Mercer Korea said on June 26 that Hong Kong is the world’s most expensive city for expatriates. Tokyo came in second place, Zurich third, Singapore f
South Korean banks are pushing to enter the global investment banking (IB) market in order to diversify their business portfolio and increase profits. However, some say that they are still in its infancy compared to global banks.According to IB industry sources on June 25, major South Korean banks a
The three major Korean shipbuilders are struggling to attain their new order receipt targets for this year.Hyundai Heavy Industries (HHI) has received US$5.6 billion worth of new orders so far this year, about 38 percent of its target for 2018, which is set at US$14.8 billion. The figure includes th
Amid increasing investment in blockchain technology across the globe, calls are growing that the South Korean government should come up with a policy on initial coin offerings (ICOs). Critics note that the South Korean government’s ban on ICOs does not make much sense as many Korean companies are es
The world's largest investment bank Goldman Sachs is expected to raise funds in South Korea in earnest. It is planning to issue won-denominated bonds in the domestic market in order to finance its investment all around the world.According to investment banking (IB) industry sources on June 18, G
Samsung Electronics ranked No. 1 in brand evaluations by consumers in major Asian countries for seven consecutive years.According to related industry on June 6, Hong Kong-based communication marketing company Campaign Asia Pacific and public opinion survey company Nielsen placed Samsung Electronics
Samsung Electronics disclosed its business vision at the Samsung Electronics 2018 Investors Forum held in Singapore on June 4. A webcast provided live coverage of the session.In the forum, Samsung Electronics introduced its strategies for three growth engine sectors – the foundry business, automotiv
Macrogen announced on June 5 that the company established Macrogen Asia Pacific, a local corporation in Singapore.Macrogen Asia Pacific is Macrogen's second corporation in Asia, with the first one operating in Japan. The new corporation is located in Biopolis, a biomedical research park in Singa
Shinhan Bank has been making continuous investments in its global operations after selecting the global business as one of its core business areas for future growth. Currently, Shinhan Bank overseas network consists of a total of 162 subsidiaries, branches and sales offices in 20 countries. Since 20
Lotte Engineering and Construction (E&C) will make a foray into the Southeast Asian market on a full scale by setting up a branch office in Singapore."We are considering establishing a branch office in Singapore in the second half of this year," said a senior official of Lotte Engineering on May 29.
The CHA Medical Group, renowned for the treatment of infertility, will enter the hospital business in Taiwan. The CHA Medical Group has a plan to create synergies by investing its capabilities for infertility treatment and hospital management in Taiwan while, at the same time, seeking to secure Asia
The National Assembly has officially made a proposal to allow domestic initial coin offerings (ICOs). As the administration is sitting on its hands after imposing a total ban on ICOs in September last year, the National Assembly has come forward with an official recommendation.With the government fa
A Singaporean government-funded research institute will invest US$41 million in Sejong Tech Valley of the Sejong City Administrative Complex to establish a biopharmaceutical developing and manufacturing company.The National Agency for Administrative City Construction (NAACC) said on May 28 that it h
Samsung C&T has received a double-deck underground expressway construction order worth 500 billion won from Singapore.The company announced on May 23 that it has been awarded a contract to build the N107 section of the expressway that runs north and south in the city state.Last November, it was chos