An increasing number of South Korean securities companies and asset management firms are releasing products based on the Singapore REITs market, which has grown to approximately 90 trillion won with the government backing.For example, Korea Investment Management listed the KINDEX Singapore REITs ETF
Samsung Group has denied rumors about illegal propofol use by Samsung Electronics vice chairman Lee Jae-yong. The Seoul Central District Prosecutors’ Office is currently looking into the suspicion. According to a local news outlet, an anonymous person filed a report about Lee's repeated use of t
The authors are stock analysts at Shinhan Investment Corp. They can be contacted at johnsoh@shinhan.com and hyungwou@shinhan.com, respectively. -- Ed. Tesla’s electric vehicle (EV) output increased 43.8% YoY to 368,000 units in 2019 from 256,000 in 2018. With a new Gigafactory in Shanghai going into
Honorary professor Choi Joon-seon at the Sungkyunkwan University Law School pointed out that the duty to report applied to those with large shareholdings needs to be adjusted to cover a shareholding of 3 percent or more instead of 5 percent or more so that adverse effects attributable to hedge fund
The South Korean semiconductor industry is expected to take advantage of the Wuhan coronavirus outbreak and the resultant production setback in China. Foreign investors are continuing to buy stocks of South Korean semiconductor companies this month.Korea Exchange (KRX) announced on Feb. 10 that the
Short-term financial products such as money market funds (MMFs) are attracting more and more money. Although the South Korean stock market was expected to attract investors with real estate regulations strengthened and listed companies’ business performances improving, the Wuhan coronavirus cast a c
Merrill Lynch Netherlands is increasing its financing in South Korea by issuing more Arirang bonds, which are won-denominated bonds foreign companies issue in South Korea.The company issued a 30-year Arirang bond worth 30 billion won on Feb. 6. The main office of Merrill Lynch stands surety and the
The Ministry of SMEs and Startups announced on Feb. 7 that Korea Venture Investment Corp. would run a venture fund of 2.52 trillion won this year, including a government budget of 1.1 trillion won.Specifically, the fund is divided into one trillion won for supporting the growth of unicorn companies,
Tesla has emerged as the most favored overseas stock among Korean investors. Riding on the back of the Tesla craze, Samsung SDI, one of the leading secondary battery makers, posted a record high in its stock price, while LG Chem's market cap surpassed that of Hyundai Motor Co. to take fifth plac
While the hedge fund market is in disarray in the aftermath of the Lime Asset Management fiasco, the rankings of securities firms in prime brokerage services (PBSs) have changed.Prime brokerage refers to a bundle of services that investment banks and other major financial institutions offer to hedge
Only 24 South Korean companies put their names on the 2018 list of global top 1,000 R&D investors. Meanwhile, China increased its number from 80 to 147 in four years to beat Japan and come in second behind the United States.The Korea Institute for Advancement of Technology announced on Feb. 5 that t
CATL and Panasonic, the two largest electric vehicle (EV) battery manufacturers in the world, are continuing to improve their business performances. On the other hand, South Korean EV battery manufacturers on the top 10 list, that is, LG Chem, Samsung SDI and SK Innovation, still remain in the red.N
Boryung Holdings announced on Feb. 3 that it established a subsidiary in San Francisco of the United States on Jan. 22 (local time).“We have established the U.S. subsidiary to making efficient investment in the United States by building a network with global pharmaceutical companies, investors and e
The Financial Supervisory Service (FSS) has completed a total inspection of private equity funds (PEFs) after risks related to Lime Asset Management came to the surface two months ago.According to the FSS, some PEF firms are running their funds in a similar way to Lime. They include two firms in clo
Korea Exchange announced on Feb. 2 that the first Wuhan coronavirus patient in South Korea was reported on Jan. 20 and the aggregate value of the South Korean stock market dropped by 104,324 billion won from that day to Jan. 31. Specifically, the aggregate market capitalization of the KOSPI market d
Hanjin Group chairman Cho Won-tae is facing a proxy fight with his elder sister Cho Hyun-ah, a former vice president of Korean Air, over the control of Korea’s 13th largest business group.The two children of the late former Hanjin Group chairman Cho Yang-ho are planning to appeal to minority shareho
The Australian Chamber of Commerce in Korea (AustCham Korea) hosted the 2020 Australia-Korea Business Awards at the Grand Hyatt Hotel in Seoul on Jan. 31. Over 200 dignitaries attended the high-profile event, which was held to recognize companies and individuals which have made significant efforts i
The Ministry of SMEs and Startups announced on Jan. 29 that last year’s venture investment in South Korea hit an all-time high of 4,277.7 billion won, up 25 percent from a year earlier. The amount broke the four trillion won mark last year and almost doubled in two years. The South Korean government
The Korea Securities Depository announced on Jan. 29 that South Korean investors’ foreign currency securities settlement value hit an all-time high of US$171.22 billion with a year-on-year increase of 56 percent last year. The value reached a record high in 2017 and 2018 as well. Specifically, it wa
Market research firm FnGuide said on Jan. 28 that 197 KOSPI-listed companies and 100 KOSDAQ-listed companies are expected to provide cash dividends equivalent to 26.65 percent and 22.46 percent of their net profits per share, respectively. In July last year, the National Assembly Budget Office annou