Blockchain-based karaoke dApp SOMESING announced on Nov. 28 its listing on Dcoin Exchange, a global cryptocurrency exchange platform with which it has signed an MOU on strategic cooperation for global expansion. SOMESING will be listed on Dcoin on Dec. 5.Dcoin Exchange, established in Switzerland, r
The number of overseas investment funds stood at 4,660 as of the end of last month, accounting for 30.3 percent of all funds selling in Korea, the Korea Financial Investment Association said on Nov. 28.This is the first time that the proportion of foreign investment funds exceeded 30 percent of the
Due to a continued outflow of capital from private equity funds (PEFs), fund management companies are experiencing increasing financial difficulty.According to data released by the Financial Supervisory Service (FSS) on Nov. 26, the combined net profit of 275 asset management companies stood at 206.
Samsung Electronics held the C-Lab Outside Demoday event at the Samsung Seoul R&D Campus on Nov. 26. It was attended by more than 300 startup CEOs, investors and Samsung Electronics staff and executive members and 20 startups supported by the C-Lab Outside program introduced their products and servi
The Korea Financial Investment Association announced on Nov. 24 that the balance of overseas investment funds increased from 174.87 trillion won on Nov. 1 to 177,42 trillion won on Nov. 21 with investors shunning the South Korean stock market particularly vulnerable to external uncertainties and foc
The Ministry of SMEs and Startups and the Korean Venture Capital Association announced on Nov. 24 that fresh venture capital investment for the first 10 months of this year added up to 3,524.9 billion won, up 21.7 percent from a year ago. The ministry said that an aggressive private investment and p
KOSPI dipped below 2,100 points by falling more than 1 percent for two days in a row and KOSDAQ fell over 2 percent on Nov. 21, when the won-dollar exchange rate closed at 1,178.1 won per U.S. dollar after soaring eight won in just one day.This was because of the ongoing trade disputes between the U
Individual investors' minimum investment in hedge funds will be raised from the current 100 million won to 300 million won.Eun Sung-soo, chairman of the Financial Services Commission, announced on Nov. 14 a set of measures designed to protect investors in high-risk financial products. The FSC’s
The trading volume on Korea’s primary stock market rebounded to the 6 trillion won range for the first time in about three months. As stock trading has become brisk, the stock index has also been on the rise.According to Korea Exchange, the trading volume on the KOSPI market reached 6.322 trillion w
As Morgan Stanley Capital International (MSCI) has recently announced a plan to rebalance its emerging market index, Korea’s stock market has been divided over whether it will cause an outflow of funds.MSCI has announced that it will raise the proportion of China A-shares in its emerging market (EM)
The Federation of Korean Industries (FKI) announced on Nov. 7 that the foreign direct investments (FDIs) in the United States and China increased year on year in the first half of this year unlike those in South Korea and Japan. Specifically, those in the United States, China, Japan and South Korea
The operator of van-hailing app Tada has been indicted on charges of violating the transportation law, becoming the latest victim of Korea’s stifling regulations on mobility startups.Mobility-related regulations remain unchanged despite the Korean government’s repeated pledges of reform. As a result
South Korean investors’ overseas stock trading value hit an all-time quarterly high in the third quarter of this year along with their overseas securities trading value. This is because the South Korean stock market is moving sideways and South Korean companies’ business outlook is not bright.The Ko
Korea Southern Power Co. (KOSPO) announced on Oct. 28 that it has issued kangaroo bonds worth US$300 million in Australia for the first time since the company was founded. A kangaroo bond is a foreign bond issued in Australian dollars by non-domestic entities, including corporations, financial insti
South Korea’s publicly traded banks and bank holding companies rank 29th among the 34 OECD countries in terms of the price-to-book ratio (PBR), a researcher of the Korea Institute of Finance (KIF) has found.Seo Byeong-ho, a senior KIF researcher said in a report released on Oct. 27 that average PBR
The Financial Supervisory Service announced on Oct. 27 that the collateralized loan obligation (CLO) investment of non-bank institutional investors in South Korea totaled 7,614.9 billion won in the first half of this year. The CLO is a high-risk financial product that triggered the global financial
Korea Midland Power Co. (KOMIPO) is proactively responding to the global trend of energy conversion by actively pushing forward with overseas renewable energy and Clean Development Mechanism (CDM) projects based on its expertise in power generation.KOMIPO is promoting overseas renewable energy proje
The Korea Economic Research Institute (KERI) held a seminar in Seoul on Oct. 21 on whether South Korea is an attractive investment destination. There, foreign entrepreneurs investing in the country expressed a lot of concerns.For example, James Kim, chairman of the American Chamber of Commerce in Ko
Former U.S. National Security Adviser John Bolton will visit South Korea to meet with institutional investors. He is currently an advisory member of Rhone Group, an American private equity fund.Rhone Group is scheduled to have meetings with institutional investors such as the Public Officials Benefi
Aekyung Group and Stonebridge Capital have formed a consortium to take over Asiana Airlines by being selected as the preferred bidder in the tender scheduled for Nov. 7.They announced on Oct. 21 that they would participate in the tender as a strategic investor and a financial investor, respectively.