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.
It is becoming increasingly difficult for approximately 1,000 trillion won worth of hot money to find investment destinations with the Bank of Korea having lowered the key rate to 1.5 percent in July and to 1.25 percent this month. Despite the lowered interest rate, investors are reluctant to invest
SK Group is continuing to raise funds aggressively by issuing corporate bonds. The group has raised 8,752 billion won through bond issuance so far this year. The amount is estimated to reach 10 trillion won at the end of this year with SK Chemical and SK Siltron about to issue additional corporate b
Some analysts point out that the Korean economy is mostly suffering from external troubles such as Japan’s trade restrictions and trade disputes between China and the United States, let alone its sluggish domestic demand. Making matters worse, the global economic recession contributes to the worseni
Foreign direct investment (FDI) in Korea has rebounded for the first time in five quarters.According to the Ministry of Trade, Industry and Energy on Oct. 10, third-quarter FDI increased 4.8 percent on year to US$3.61 billion, turning around from four consecutive quarters of decline. However, FDI ar
Financial Services Commission (FSC) Chairman Eun Sung-soo has suggested a shift in his stance on private equity funds (PEFs) towards tightening regulations for investor protection.During a news conference on Oct. 10 held to mark his first month on the job, Eun said he had at first agreed with the co
Every major shareholder and executive of a non-listed company must make a public disclosure on shareholding, even in the event of no change in their stake ownership, within five days from the day of listing when the company goes public. In addition, convertible bonds and bonds with warrants are subj
Pension funds and public funds, including the National Pension Service (NPS), are expected to tone down their aggressive stock purchasing after boosting the KOSPI market by purchasing large-cap stocks since August.As negative indicators of the global economy have recently been announced, an increasi
Cryptocurrency data disclosure service provider CrossAngle will start a disclosure service for blockchain projects.CrossAngle, which operates Xangle, a public data disclosure platform for the global cryptocurrency market, said on Oct. 6, “It was difficult to protect investors in the existing cryptoc
As the interest rates of South Korean bonds have increased more than 20 percent over the past month, domestic securities companies which own 212 trillion won (US$176.37 billion) worth of bonds are on alert. A rise in bond interest rates means a fall in bond prices. Therefore, the financial soundness
The Korea Economic Research Institute (KERI) under the Federation of Korean Industries (FKI) has expressed opposition to the government’s plan to revise the Enforcement Decree of the Financial Investment Services and Capital Market Act to allow public pension funds, including the National Pension Se
Hyundai Motor Group has recently elevated the status of investor relations (IR) units of its subsidiaries by putting them under the direct control of company presidents. It is part of its plans to improve the stock performance of the affiliates by expanding the power and responsibility of the IR uni
The Financial Supervisory Service (FSS) said on Oct. 1 that Woori and Hana Banks are suspected of having mis-sold about 20 percent of their controversial derivatives-linked fund (DLF) products.The announcement was based on an inspection into the two banks’ DLF sales records. It found that of the 3,9
The equity-linked securities (ELS) market, which enjoyed great popularity among Korean investors, is slowing down. The size of ELS issuance in September nearly halved from this year’s record high.The amount of ELS issuance, including equity-linked bonds (ELBs), came to 5.18 trillion won (US$4.30 bil
The daily turnover of South Korea's stock market sank to a 10-month low in September.The daily transactions on the main KOSPI and secondary KOSDAQ markets averaged 8.49 trillion won (US$7.07 billion) last month, according to the data released by Korea Exchange (KRX) on Oct. 1. It marked the lowe
The 16 commercial banks operating in Korea sold derivative products worth 193 trillion won (US$160.99 billion) in 4.91 million transactions over the past five years from 2015 to Aug. 7 in 2019. Among them, 60.40 billion won (US$50.39 million) worth of products sold through 976 transactions caused lo
Investors are losing interest in South Korean bond-type funds, which have drawn until recently a large amount of capital amid growing uncertainties in the global financial market and concerns about global economic slowdown.The net outflow of capital from 274 domestic bond-type funds came to 608.10 b