The number of foreigners covered by the national health insurance of South Korea exceeded 1.2 million this year and the number of dependents registered by them is close to 200,000. Under the circumstances, a YouTube video posted by a Chinese woman is causing controversy.According to this video, the
Incheon Free Economic Zone (IFEZ) Authority celebrated its 18th anniversary on Oct. 15. IFEZ was designated as Korea's first free economic zone (FEZ) in August 2003. IFEZ Authority opened in October of the same year under the Korean government’s strategy of strengthening national competitiveness
The Ministry of Land, Infrastructure and Transport announced on Oct. 24 that the Special Act on Private Rental Housing would be revised so that every foreigner must report his or her status and period of stay as well as registration number and nationality to become a registered landlord in South Kor
Foreign investors’ listed bond holdings in South Korea exceeded 200 trillion won for the first time in history. According to experts, this is because the South Korean economy is maintaining a high level of creditworthiness and global stock market uncertainties are increasing to make the government b
Democratic Party of Korea lawmaker Song Jae-ho remarked on Oct. 6 that short selling by foreigners totaled 193.776 trillion won in KOSPI and 39.418 trillion won in KOSDAQ from May 3 to Sept. 17.In that period when short selling was partially allowed in the South Korean stock market, their short sell
Incheon Free Economic Zone (IFEZ) Authority announced on Oct. 5 that the IFEZ Global Center recently offered an online cooking course for foreigners living in Songdo International City in Incheon.A total of 16 foreigners attended the course and made three dishes — tofu japchae (Korean glass noodle),
Independent lawmaker Lee Yong-ho said on Sept. 22 that the national health insurance program of South Korea covered 1,219,520 foreigners and 194,133 dependents registered by them at the end of July this year.“No less than nine dependents were registered by one Chinese in 2019 and the same number of
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. Given its nature as a public company, it is difficult for GKL to improve its cost efficiency. Thus, a sales rebound via improved customer accessibility is the only way that the firm can achieve ear
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. Thanks to a rising vaccination rate, the transition to a period of coexistence with Covid-19 is now being discussed. Given this trend, we expect casino accessibility to rebound moving ahead. Recove
COVID-19 has added fuel to the downward trend of Korea's potential growth rate, the Bank of Korea said in a report released on Sept. 13. The central bank says Korea's potential growth rate may fall to 2.0 percent in 2021 and next year due to the COVID-19 shock.The BOK estimated Korea's p
Foreign investors net sold Korean stocks for four consecutive months in August. Last month alone, they net sold nearly 8 trillion won worth of listed stocks. However, in the bond market, they maintained their net-buying trend. Thanks to this, their holdings of listed bonds reached an all-time high a
Cryptocurrency exchange Bithumb announced on Sep. 1 that foreigners who reside abroad and cannot identify themselves using their mobile phones in South Korea can no longer use its services.The exchange also said that even foreigners residing in South Korea can no longer use its services if they fail
Foreigners’ domestic bond holdings hit an all-time high of 8.9 percent of the total on Aug. 20. Specifically, the holdings increased 29.62 percent from 151.3983 trillion won to 196.2404 trillion won from the end of last year to that day and the ratio jumped from 7.3 percent to 8.9 percent in that pe
The Bank of Korea announced on Aug. 19 that South Korea's external financial assets increased by US$85 billion to an all-time high of US$2,073.4 billion in the second quarter of this year."Securities investment increased by US$50.9 billion with foreign stock markets rallying and equity securitie
Individual investors’ stake in Samsung Electronics reached 13.08 percent on Aug. 18, more than double the 6.48 percent recorded at the end of 2020, the Korea Exchange said on Aug. 19.The number of individual shareholders of Samsung Electronics is estimated at over five million. According to Samsung
The U.S. dollar deposit balance in the five biggest banks in South Korea (KB, Shinhan, Hana, Woori and NH) was US$53.89 billion on Aug. 12, a decrease of US$6.366 billion from May 31.The balance increased from US$50.361 billion to US$60.255 billion from Jan. 31 to May 31. However, it decreased to US
The stock price of Samsung Electronics fell 3.38 percent to close at 74,400 won per share on Aug. 13. The price fell for the fourth consecutive day and fell 8.7 percent in that period.On Aug. 13, foreign investors’ net selling in Samsung Electronics amounted to 2,356.7 billion won and that in KOSPI
The Bank of Korea announced on Aug. 12 that foreign investors showed a net investment outflow of US$3.06 billion in the South Korea stock market last month.The net outflow was US$8.23 billion in May and US$440 million in June and the net outflow for the three months is approximately 13.4 trillion wo
Samsung Electronics vice chairman Lee Jae-yong will be put on probation by the Ministry of Justice after his release on parole on Aug. 13.The Suwon Probation Committee, which oversees the Seoul Detention Center where Lee is imprisoned, has decided to apply probation to prospective parolees including
The Korea Financial Investment Association announced on Aug. 10 that foreigners’ net government, monetary stabilization and bank bond purchases added up to 7.7 trillion won, 4.7 trillion won and 0.6 trillion won last month, respectively. Their bond holdings increased 6.4 trillion won to reach an all