The Korea Herald

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Court rejects arrest warrant for Samsung BioLogics CEO
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S. Korean stocks retreat, won dips amid US’ threat to slap duties
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Unification minister hopes better inter-Korean ties lead to resumption of n...
Moon meets farmers planting rice in Gyeongju

Oct 25, 2016 미분류

KRX CEO takes aggressive stance on revamping governance

[THE INVESTOR] Korea Exchange will aggressively push for restructuring of the current governance of the stock trading board operator, said its CEO Jeong Chan-woo on Tuesday. At the first press conference since his inauguration early this month, Jeong affirmed his firm determination in carrying out the long-held government plan aimed at boosting the county’s capital market. KRX CEO Jeong Chan-woo speaks at his first press conference, held in Yeouido, western Seoul, Tuesday. KRXThe governance res

KOSPI underperforms most advanced markets

[THE INVESTOR] South Korea’s main bourse KOSPI has underperformed most advanced markets so far in the second half of the year, industry sources said on Oct. 31. KOSPI finished at 2,019.42 as of Oct.28, up 2.49 percent from the end of June, according to Daishin Securities and other industry sources.The increase was much lower than the average gain of 6.71 percent for the key stock indexes of the Group of 20 advanced economies over the cited period and placed 15th among them.Brazil posted the high

Nov 1, 2016
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Banks raise lending rates for household loans in Sept.

[THE INVESTOR] Bank lending rates on new household loans rose to a six-month high in September and interest paid by banks on new deposits also climbed, according to central bank data on Oct. 27.The average interest rate on fresh household loans extended by local banks came to 3.03 percent last month, up 0.08 percentage point from the previous month, according to the Bank of Korea.The BOK data came a week before the government is set to announce a set of measures to cool the country‘s housing mar

Oct 28, 2016
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Korean institutional investors fund Air France

[THE INVESTOR] South Korea’s two institutional investors have made an investment in aircraft financing for French flag carrier Air France, according to sources on Oct. 26. Public Officials Benefit Association and Korea Federation of SMEs invested US$34 million through mezzanine financing in a Boeing B777-300ER that will be leased to Air France on a 7-year term with an expected annual return of 5 to 6 percent a year. Air France seeks to secure a total of US$115.7 million for the jet in which some

Oct 27, 2016
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KTB, Big Bang Angels sign MOU for crowdfunding

[THE INVESTOR] KTB Investment and Securities has signed a memorandum of understanding with Big Bang Angels, a consulting firm for angel investment, to collaborate on improving the environment for startups and enlivening crowdfunding. The companies will share information on promising startups and systemically pursue crowdfunding and attracting further investment. By Hwang You-mee (glamazon@heraldcorp.com)

Oct 26, 2016
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Samsung Life raises stake in securities affiliate

[THE INVESTOR] Samsung Life Insurance disclosed on Oct. 24 that it has purchased more than 6.13 million shares of Samsung Securities.The purchase was made outside of trading hours for 38,200 won (US$33.58) per share. Samsung Securities closed at 35,800 won Oct. 24. With the latest purchase, Samsung Life’s stake in its affiliate rose to 19.16 percent from 11.14 percent. Samsung Life has explained the move as part of plans for creating more synergy with its affiliates, market watchers say that it

Oct 26, 2016
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S. Korean investors eye Chinese stock funds

[THE INVESTOR] Local investors are focusing on Chinese stock funds ahead of the stock exchange link between Shenzhen and Hong Kong in end-November. According to Korea Fund Ratings on Oct. 25, China-focused equity funds posted a net inflow of 29.8 billion won (US$26.20 million) for the past one-month period, the largest among offshore stock funds.Overall, overseas stock funds suffered a net outflow of 140.2 billion won during the period.The net inflow into Chinese stock funds is in sharp contrast

Oct 26, 2016
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Stock market for startups to open in Nov.

[THE INVESTOR] The Korea Exchange announced on Oct. 25 that an over-the-counter stock market for promising startups will open here on Nov. 14. The new market, named the KRX Startup Market, will be focusing more on technology-intensive startups than other OTC markets oriented toward unlisted large companies and middling firms.Retail investors will be attracted to invest in competitive local startups with great growth potential, the KRX said.Startups wanting to trade their shares on the KSM should

Oct 26, 2016
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Twice comeback helps buoy JYP shares

[THE INVESTOR] Buoyed by seven songs topping an online K-pop chart over the weekend, JYP Entertainment’s stock price on the Kosdaq rose nearly 10 percent for the past one month, according to data from Korea Exchange.JYP, led by veteran musician Park Jin-young, is relatively small in terms of company size compared to its rivals S.M. Entertainment and YG Entertainment, but it is definitely full of growth potential --especially next year, local securities analysts say. Bigger players S.M. and YG ha

Oct 24, 2016
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Korea’s corporate governance still a headache: experts

[THE INVESTOR] Reforms after the 1997 Asian financial crisis improved market regulations in South Korea, however experts insist there is still room for improvement. Government officials, regulators and academics gathered at the Organization for Economic Cooperation and Development’s Asian Roundtable on corporate governance at a hotel in Seoul on Monday to discuss recent corporate governance developments in Korea.Jung Sun-seop, a professor at Seoul National University School of Law, said recent r

Oct 24, 2016
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P2P lending rises in Korea in Q3

[THE INVESTOR] Peer-to-peer lending in South Korea rapidly grew in the third quarter, reaching 188 billion won (US$166 million), according to the data compiled by industry tracker Crowd InstituteP2P lending refers to a new type of loan extension to individuals or businesses through social network services or the Internet, and covers a wide range of services, including loans to startups and self-employed businessmen with their interest rates on such services hovering at 8 percent. The borrowers a

Oct 25, 2016
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Property loans take up 40% of bank loans to self-employed

[THE INVESTOR] Amid the increasing loans of self-employed workers, real estate-related loans take up 40 percent of their local financial institutions’ lending, a report showed on Oct. 24Twelve local banks’ lending to one-man operations came to 185.5 trillion won (US$164 billion) as of end-June this year, up 7.8 trillion won from six months earlier and accounting for 18 percent of their total household loans, according to the report by credit appraiser Korea Ratings.Property and rental business o

Oct 25, 2016
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Fitch unexpectedly keeps Korea’s credit rating unchanged

[THE INVESTOR] Expectations that Fitch Ratings would upgrade South Korea’s sovereign credit rating have been dampened as the agency decided to keep the country’s level at “AA-” for four consecutive years. Fitch Ratings announced Thursday night it kept South Korea’s sovereign credit rating at the current level, due to the remaining long-term challenges of the fourth-largest economy in Asia. Meanwhile, Standard & Poor’s and Moody’s made upgrades in the country’s ratings in August and last December

Oct 21, 2016
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[INTERVIEW] US Fed should be more patient on rate hike

[THE INVESTOR] Amid anticipation building on the US Federal Reserve raising its funds rate in December, an economist from the US suggested the world’s most influential central bank should be more patient, as strong parts of the US economy have started to show signs of weakening.　In the last couple of years, the labor market, housing market and corporate profitability have been strong, buttressing the US economy. But the weakening strength of the three factors could further slow economic growth a

Oct 21, 2016
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Brazil-focused funds show stellar returns

[THE INVESTOR] South Korean funds flowing into Brazilian stocks and resources have seen stellar returns this year, according to a fund evaluation on Oct. 21.According to Zeroin, this year’s cumulative return of local Brazil-related investment funds with net assets of 1 billion won (US$890,000) or more stood at a whopping 60.5 percent as of Oct. 18, far outshining other overseas funds.Overseas equity funds came next with a cumulative yield of 36.7 percent, trailed by funds investing in stocks of

Oct 22, 2016
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The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114