Amid a decline in overseas real estate prices, funds that invested in offices in the United States and Europe are facing potential losses. It has been estimated that over 1 trillion won was invested in mutual funds that were sold since 2018. The number of investors who have invested in these funds e
South Korean government bond yields have been on a soaring trajectory, surging by nearly 0.5 percentage points in just the past month, and are now heading towards the 5 percent range.According to the Economic Statistics System of the Bank of Korea (BOK) on Oct. 5, the yield on 10-year government bon
Struggling with a bearish trend before the Chuseok holiday, the KOSPI index experienced a sharp decline of over 2 percent on Oct. 4, falling below the 2,400 mark as it was hindered by the rapid increase in U.S. Treasury bond yields. Concurrently, the won-U.S. dollar exchange rate reached its highest
The KOSPI’s market capitalization, which had maintained the 2,000 trillion won (US$1.48 trillion) level since May, saw another sharp decline as it fell below 2,000 trillion won at the end of last month. The persisting “3 Highs” phenomenon – high interest rates, high oil prices, and a strong dollar –
Last month, resident deposits fell below US$100 billion (133.65 trillion won), marking a decline for the first time in four months. This decline is attributed to the strong dollar phenomenon, which has led to a reduction in the conversion value of deposits denominated in euros and yen.According to t
Mirae Asset Securities customers have reaped over 3.5 trillion won (US$2.61 billion) in capital gains from their overseas stock investments over the past three years. Excluding confirmed capital gains, the unrealized profits from the top 10 holdings of these customers also exceed 3 trillion won.Mira
It has been revealed that individuals and corporations residing in South Korea declared virtual assets held in overseas accounts last year, amounting to a staggering 131 trillion won (US$98.72 billion). This constitutes a whopping 70 percent of the total reported amount for overseas financial accoun
The much-anticipated IPO of Doosan Robotics on the KOSPI this year has solidified its offering price at the top of its anticipated range, thanks to massive interest from the world’s largest sovereign wealth funds and asset management companies.According to the domestic economic media Seoul Economic
As the introduction of domestic ESG disclosures in 2025 approaches, there is a growing consensus that the voices of both businesses and the public should be actively considered in the establishment of disclosure standards.During the 7th K-ESG Alliance Conference organized by the Federation of Korean
LG Energy Solution announced on Sept. 19 that it has successfully completed the issuance of a total of US$1 billion in global green bonds including US$400 million with a five-year maturity and US$600 million with a five-year maturity.Their interest rates were set at +100 basis points (bps) and +130
SK innovation has achieved success in its recent rights issue by raising nearly 10 trillion won (US$7.51 billion) as it takes steps to secure future growth opportunities.SK innovation announced on Sept. 15 that it had received 9.56 trillion won in subscription deposits for its public offering, which
Hyundai Mobis is ramping up its investment in global startups with core technologies for future mobility. Its strategy is to increase and support competitiveness in specific fields such as semiconductors and software, autonomous driving sensors, and infotainment. Over the past five years, Hyundai Mo
TheAfrica-Korea Business Summit was hosted at the Peninsula Hotel in Paris by the Korea-Africa Foundation and the Korea Chamber of Commerce and Industry (KCCI) with support from the Ministry of Foreign Affairs of the Republic of Korea. The theme for the business summit was ‘Africa-Korean partnership
Last month foreign investors experienced a net outflow of US$1.7 billion (2.26 trillion won) from their investments in domestic stocks and bonds, marking the first time in 7 months since January that such a substantial withdrawal has occurred. Both stocks and bonds saw capital leaving the market dur
Seo Jung-jin, chairman of Celltrion Group, met with foreign investors and institutional partners to present the blueprint for the group’s merger and its future vision. On Sept. 11 (local time) in New York, Chairman Seo attended the “21st Morgan Stanley Global Healthcare Conference” where he had a di
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Compared with April, Hong Kong and Singapore investors’ outlook toward the Internet sector has improved considerably. We anticipate AI-related momentum and earnings recovery at Internet firms. In
Starting in March of next year, the era of electronic shareholders meetings will commence. With the full introduction of online voting at shareholder meetings, allowing same-day voting, the atmosphere of future shareholder meetings is expected to undergo a significant transformation.According to the
Foreigners switched to selling in the Korean stock and bond markets in August. Foreigners sold more than 1 trillion won worth of Korean stocks in August alone, pushing down their share of listed Korean stocks to the lowest point this year.According to a report about August 2023 foreigner Korean stoc
The Financial Supervisory Service (FSS) has called on foreign securities firms to make self-cleaning efforts to eradicate recurring illegal naked short selling. This means that the FSS has urged the foreign securities firms to learn how Korea’s regulations differ from international practices and to
The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.Market correction nearing an endHyosung TNC shares enjoyed a rally early this year on hopes for China’s economic reopening and robust earnings, but pared all their gains during the steep correction