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
The Korea Exchange announced on Aug. 10 that foreign investors accounted for 29.86 percent of the aggregate value of the South Korean stock market on Aug. 6, 29.9 percent on Aug. 9, and 29.61 percent on Aug. 10.According to the Korea Exchange, the ratio fell below 30 percent for the first time since
Kakao Bank placed 11th in terms of market capitalization (excluding Samsung Electronics' preferred shares) on its first day of trading on the KOSPI market.Kakao Bank's stock price closed at 69,800 won on Aug. 6, up 79 percent (38,800 won) from its IPO price of 39,000 won. Foreigners’ net pur
The author is an analyst of Shinhan Investment Corp. He can be reached at jwsung79@shinhan.com. -- Ed. 2Q21consolidated OP beats consensus at KRW46.4bn (TB YoY)Hotel Shilla posted consolidated operating profit of KRW46.4bn for 2Q21, exceeding our estimate (KRW45.1bn) and the consensus (KRW37.2bn). D
The Korea Exchange announced on Aug. 1 that foreigners accounted for 34.12 percent of the aggregate market value of KOSPI on July 29 and the ratio is the lowest level since Aug. 17, 2016.These days, foreign investors are continuing to sell KOSPI stocks. The ratio hit an all-time high of 39.3 percent
Statistics Korea announced on July 29 that the number of single-person households was 6,643,000 and they accounted for 31.7 percent of all households as of Nov. 1 last year. “The ratio of two-person households was 28 percent, three-person 20.1 percent, four-person 15.6 percent, and those with more h
People Power Party lawmaker Hong Suk-joon announced on July 20 that foreigners’ land ownership in South Korea increased from 190,550,794 square meters in 2011 to 253,346,774 square meters in 2020.The lawmaker pointed out that Chinese in particular are increasing their ownership very rapidly. Accordi
The Bank of Korea announced on July 14 that foreigners in the South Korean stock market showed a net investment outflow of US$440 million last month after a net outflow of US$8.23 billion in the previous month.They continued to sell South Korean stocks from December last year to March this year. Alt
Foreign investors recorded a net investment of 9,387 billion won in the South Korean bond market last month, when they recorded a net selling for the second consecutive month in the South Korean stock market.The Financial Supervisory Service announced on July 12 that their net bond purchase and rede