Money | BusinessKorea

Wednesday, February 22, 2017


The won-denominated bond market is stabilizing nowadays, which is being led by Franklin Templeton.
Increasing Bond Investment
20 February 2017 - 11:30am
It has been found that the balance of foreign investment in the South Korean bond market totaled 91.4014 trillion won on February 13, showing an increase of 2.39 trillion won in two months. The...
S. Korean financial authorities notified that Deloitte Anjin’s business would be suspended for three to six months.
Possible Business Suspension
17 February 2017 - 10:45am
The financial authorities of South Korea and those in the local accounting industry are in confrontation with each other over the disciplinary action to be taken against Deloitte Anjin for its poor...
South Korea posted US$49.24 billion in direct overseas investment in 2016, up 18.7 percent from a year earlier.
Focus on Overseas M&As
16 February 2017 - 12:15pm
According to Korea’s direct overseas investment in 2016 released by the Ministry of Strategy and Finance on February 15, Korea posted US$49.24 billion in direct overseas investment (about 56 trillion...
The development of advanced technology will trigger a sea change in the insurance industry in the near future.
Dramatic Changes
15 February 2017 - 12:30pm
Researcher Kim Seok-young at the Korea Insurance Research Institute remarked on February 14 that artificial intelligence (AI) is expected to take the place of insurance planners within five years and...
Korean securities firms are withdrawing their registration as a hedge fund operator recently.
No More Attractive
15 February 2017 - 12:30pm
It has been found that Samsung Securities withdrew its application for registration as a hedge fund operator last month and HMC Investment Securities decided to put off its registration as a hedge...
The Korea Exchange (KRX) is planning to lower derivatives market entry barriers and diversify products in the market.
For Individual Investors
15 February 2017 - 12:15pm
The Derivatives Market Division of the Korea Exchange (KRX) announced its business plan for this year on February 14 at its press conference held in Seoul. According to the plan, the KRX is going to...
Approximately 20 companies are scheduled to go public in the KOSPI market this year.
IPO Market
14 February 2017 - 3:15pm
The Korea Exchange announced on February 13 that KOSPI recorded a total IPO value of 4.2727 trillion won (US$3.63 billion) last year to show a substantial year-on-year growth led by Samsung Biologics...
KB Financial Group Chairman Yoon Jong-kyoo, fourth from left, pose a photo with Vietnamese Prime Minister Nguyen Xuan Phuc, center, at the prime minister's official residence.
Overseas Expansion
14 February 2017 - 2:00pm
As KB Financial Group has seen achievements in its global businesses in Southeast Asia, accelerating the move of its global business, Chairman Yoon Jong-kyoo and the group's chief global strategy...
Financial Services Commission Chairman Yim Jong-yong (right) presided over a meeting in Seoul with organizations planning to take part in the Stewardship Code.
Korean Stewardship Code
14 February 2017 - 10:15am
The Financial Services Commission (FSC) of South Korea held a meeting presided over by its chairman Yim Jong-yong on February 13 to discuss the introduction of the Stewardship Code for transparent...
NH Nonghyup Card President Lee In-ki (third from left) and deputy president of JCB International Kimihisa Imada (fourth from left) pose for a photo after agreeing on forming a strategic partnership.
Joint Brand
13 February 2017 - 10:45am
NH Nonghyup Card announced on Feb. 10 that it has formed a strategic partnership with JCB International, a Japan-based international payment brand, and jointly launched a new brand “W.” The brand...
Securities firms, which painted a rosy outlook for SK Hynix Inc., are now revaluating the memory chipmaker.
Doubt on Super Cycle
13 February 2017 - 10:15am
As the stock prices of SK Hynix dropped over 5% due to the “UBS Shock” on February 10, securities companies, which painted a rosy outlook for SK Hynix Inc., are now revaluating the memory chipmaker....
5 billion AUD currency swap agreement between South Korea and Australia will be extended until February 7, 2020 with its size doubled.
For Financial Stability
9 February 2017 - 4:15pm
The Bank of Korea and the Ministry of Strategy & Finance announced on February 8 that the five billion AUD currency swap agreement between South Korea and Australia, which is to expire on...


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