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Tuesday, January 23, 2018

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Park Hyun-joo, Chairman of Mirae Asset

Leading ETF Market

16 January 2018 - 10:45am
Yoon Yung Sil

Mirae Asset Global Investments announced on January 10 that the net assets of Mirae Asset Global Exchange Traded Funds (ETFs), which entered six countries – South Korea, Canada, Australia, Hong Kong, Columbia and the U.S., exceeded US$20.02 billion (21.33 trillion won).

According to global ETF research firm ETFGI, Mirae Asset Global ETFs ranked 21st in the world in terms of net assets as of the end of November last year.

Mirae Asset Global Investments, which first pushed into the EFT market in 2006 through its TIGER ETF, decided to go global by taking over Horizon ETFs, a...

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Popular Market

16 January 2018 - 10:30am
Yoon Yung Sil

Foreign ownership of the total capitalization of all stocks registered on South Korea’s stock market has increased for three years in a row. In particular, the net purchases of stocks on the tech-heavy secondary KOSDAQ market by foreign investors have more than tripled compared to the previous year. More than half of them were stocks of financial sector.

According to the Korea Exchange (KRX) on January 15, offshore investors bought a net 9.71 trillion won (US$9.11 billion) worth of local stocks in 2017, accounting for 33.16 percent of the total market capitalization. The amount of...

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Due to High-quality Medical Services

16 January 2018 - 10:00am
Choi Mun-hee

The Korea National Enterprise for Clinical Trials (KoNECT) announced on January 15 that the U.S. had the most clinical trials in the world, taking up nearly 24.5 percent of the clinical trial protocol market share, after its analysis of the clinical trials registered with the U.S. National Institutes for Health’s website ClinicalTrials.gov last year.

After the U.S., Germany came in second place with 5.3 percent, followed by the U.K. with 5 percent, Canada with 3.9 percent and China with 3.7 percent. South Korea ranked sixth in the world with a 3.5 percent market share, moving two...

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ESS holds the key to raising the efficiency of unstable renewable energy sources as the Korean government is strongly moving forward with energy conversion policies to expand the proportion of new and renewable energy.

Blue Ocean in Energy Sector

16 January 2018 - 10:00am
Michael Herh

The ESS (Energy Storage System) business is emerging as a “blue ocean. in South Korea.” This is because as the Korean government is strongly moving forward with energy conversion policies to expand the proportion of new and renewable energy such as solar power and wind power generation, ESS holds the key to raising the efficiency of these unstable renewable energy sources.

As a result, the industrial world is intensifying competition to make ESSs a future growth engine. Companies are moving into various fields related to ESSs such as systems and lease.

The Ministry of Trade,...

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Amid Trade Disputes Escalating

16 January 2018 - 9:45am
Jung Min-hee

The Ministry of Trade, Industry & Energy of Korea announced on January 15 that WTO’s final decision was made on January 12 regarding anti-dumping disputes over oil country tubular goods (OCTG) between South Korea and the United States.

In November last year, the Dispute Settlement Body (DSB) of the World Trade Organization (WTO) held a meeting and determined that anti-dumping duties the United States imposed on South Korean OCTG violated the WTO Agreement. The United States did not lodge an appeal and the determination has become the final decision.

The U.S. Department of...

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Record-high Profits Amid Uncertain Variables

15 January 2018 - 2:30pm
Jung Min-hee

The major four South Korean oil refiners are expected to post more than 8 trillion won (US$7.53 billion) in surplus last year for the first time in history thanks to stable oil prices and a boom in non-oil refining business, including petrochemical.

According to oil refining industry sources on January 14, SK innovation Co., GS Caltex Corp., S-Oil Corp. and Hyundai Oilbank Co. are now summing up their sales performance in the fourth quarter last year and the combined operating profit of the four companies are expected to reach 2.1 trillion to 2.3 trillion won (US$1.98 billion to 2....

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An increasing number of information technology (IT) companies, such as gaming and security, have declared to enter the cryptocurrency exchange market.

Due to Unrealistic Policy?

15 January 2018 - 2:00pm
Yoon Yung Sil

The South Korean government is strengthening regulations to eradicate an overheated cryptocurrency speculation but an increasing number of information technology (IT) companies, such as gaming and security, have declared to enter the cryptocurrency exchange market. In particular, they consider the shutdown of cryptocurrency exchanges an unrealistic policy so they are preparing to join the market as planned.

According to related industry sources on January 14, firms that are seeking to run new cryptocurrency exchanges, including NexG and HanbitSoft, are accelerating the establishment...

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The prices of newly listed digital currencies – Civic and Enigma – plunged as much as 99 percent on the domestic exchange Gopax at 11:30 pm on January 12.

Reasons for Regulations

15 January 2018 - 11:00am
Yoon Yung Sil

There is growing recognition that the investment in virtual currencies is speculative due to a series of unusual price movements on a South Korea’s cryptocurrency exchange.

According to industry sources on January 14, the prices of newly listed digital currencies – Civic and Enigma – plunged as much as 99 percent on the domestic exchange Gopax at 11:30 pm on January 12.

As Civic and Enigma became tradable on the Gopax , investors offered Civic at 1,809,900 won (US$1707.45) and Enigma at 1,810,000 won (US$1707.55) and other investors bought the virtual currencies at the same...

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SK Global Chemical and Sinopec established China-Korea Petrochemical in China in 2013.

For Risk Sharing

15 January 2018 - 10:30am
Jung Min-hee

In the past, South Korean companies established local subsidiaries and conducted M&As in most cases to penetrate overseas markets. These days, however, an increasing number of them are opting for risk sharing with local joint venture partners for the same purpose.

The number of such joint ventures is likely to continue to increase for the time being in that the business of South Korean companies in China were negatively affected last year by China's economic retaliation related to THAAD deployment in South Korea. Joint venture establishment has its own side effects though. One...

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The third unit of the Shingori Nuclear Power Plant has been in safe operation without stopping for 389 days since the completion of its construction in December 2016.

Safe and Convenient Model

15 January 2018 - 10:15am
Jung Min-hee

The third unit of the Shingori Nuclear Power Plant has been in safe operation without stopping for 389 days since the completion of its construction in December 2016.

Korea Hydro & Nuclear Power (KHNP) announced that the third unit of the Shingori Nuclear Power Plant has been in safe operation without stopping for 389 days since the completion of its construction in December 2016 and that its first preventive maintenance is implemented on January 12.

The third unit is an APR-1400 reactor developed by South Korea. It is better than previous 1 GW models in terms of...

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