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Retail investors' funds soar amid stock market rallyMarketsJan 14, 2021Retail investors' stock-related funds have risen by nearly 20 trillion ($18.2 billion) this year on the back of a surging stock market, industry data showed Thursday. Individuals' stock funds increa... -
S. Korea's export prices down for 5th straight month in DecemberEconomyJan 14, 2021South Korea's export prices fell for the fifth consecutive month in December last year as the local currency continued to strengthen against the US dollar, central bank data showed Thursday. The cou... -
Moon to invest W50m in Korean New Deal funds: Cheong Wa DaeMoneyJan 13, 2021President Moon Jae-in will invest a total of 50 million won ($45,600) into new major funds intended to support the government's Korean-version New Deal project, his office said Wednesday. The presid... -
Netherlands-based brokerage to start business in S. KoreaMarketsJan 13, 2021South Korea‘s top financial regulator said Wednesday it has granted preliminary approval for Netherlands-based brokerage house IMC to operate its financial investment and brokerage business in the co... -
Retail traders hold record-high deposits of W72tr: dataMarketsJan 13, 2021Retail investors’ deposits for stock investments reached a record 72.3 trillion won ($66 billion) as of Monday, according to the Korea Financial Investment Association, a self-regulatory organization... -
South Korean job losses hit 22-year high amid pandemicEconomyJan 13, 2021South Korea’s economy last year suffered its worst year for job losses in 22 years, as companies of all sizes struggled to keep employees in the face of the prolonged pandemic, data showed Wednesday.... -
Seoul stocks snap two-day losing streak on investors' bottom-fishingMarketsJan 13, 2021South Korean stocks snapped a two-session losing streak Wednesday as investors scooped up top caps that recently suffered heavy losses. The Korean won rose against the US dollar. The benchmark Korea... -
SoluM, LG Chem’s battery split-off eye IPOsMarketsJan 13, 2021Battery maker LG Energy Solution, which split off from LG Chem last month, has also kicked off its IPO process by recently sending requests for proposals to brokerage firms ahead of selecting underwr... -
S. Korea to sell W8tr of Treasury bills through Feb.EconomyJan 13, 2021South Korea plans to sell a total of 8 trillion won ($7.3 billion) worth of Treasury bills in the first two months of the year to fund its expansionary fiscal policy, the finance ministry said Wednes... -
NPS vows to beef up overseas investment through reshuffleMoneyJan 13, 2021South Korea‘s public pension scheme, the National Pension Service, pledged Wednesday to add resilience to its capital deployment to overseas assets through a structural reorganization. Through the r... -
S. Korea to inject W30tr into green energy exportsEconomyJan 13, 2021Seeking to boost a green-led economic recovery in the post-pandemic era, South Korea’s government vowed Wednesday to spend 30 trillion won ($27.39 billion) to support local exports of renewable energ... -
Value of newly listed bonds soars 24% in 2020EconomyJan 13, 2021The value of listed bonds in South Korea jumped nearly 24 percent on-year to a new record high in 2020 due to a spike in government debt sale to tackle the coronavirus impact, data showed Wednesday. ... -
Demographic shifts urge Korean insurers to adapt: Moody’sEconomyJan 13, 2021The looming demographic shifts in South Korea are forcing domestic insurers to turn to new growth drivers, as the companies are likely to face flagging sales of their mainstream products and underwri... -
S. Korea's money supply growth quickens in NovemberMoneyJan 13, 2021South Korea's money supply continued to grow quickly in November last year, as loans to households and firms increased amid the coronavirus pandemic, central bank data showed Wednesday. The country'... -
Banks expected to tighten grip on loans in Q1 amid pandemic: pollMoneyJan 13, 2021Banks in South Korea are expected to tighten their lending to households and the small business sector in the first quarter of this year, as credit risks will remain high amid the pandemic, a central...
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