Congressman Slams Korean Nationals Disguised as Foreign Investors
SEOUL, Oct. 15 (Korea Bizwire) – A Parliamentary Inspection revealed that an average of one in five foreign investors turned out to be those establishing corporations in tax havens. Authorities...
View Article10% of Stocks of Top-30 Group Owners Pledged as Collateral…CEO Score
SEOUL, Oct. 16 (Korea Bizwire) – As much as 10 percent of all stocks held by the owner families of top-30 conglomerates is being pledged as collateral for their loans with banks and other financial...
View ArticleCheck Card Refund to Be Made within One Business Day
SEOUL, Oct. 16 (Korea Bizwire) – From now on, users of check cards (or debit cards) will be able to get their refunds right away within one business day, instead of three to six days presently....
View ArticleApple Pay Reportedly Knocks on Door of Korea’s Mobile Payment Market
SEOUL, Oct. 22 (Korea Bizwire) – Apple Inc. is looking into the possibility of moving in to Korea’s electronic payment market, according to sources and reports knowledgeable on the issue. In a...
View Article“Loan Shark” or “Life Saver”? Pros and Cons of Private Money Lenders
SEOUL, Oct. 25 (Korea Bizwire) – A “loan shark” is a derogatory term referring to a person or body that offers loans at extremely high interest rates. Interest rates are so high that their lending...
View ArticleKorean Investors Flock to Hong Kong Stock Markets ahead of Hu-Gang Tong...
SEOUL, Oct. 28 (Korea Bizwire) – Ahead of the implementation of the Shanghai-Hong Kong Stock Connect, or “Hu-Gang Tong,” the volume of direct investment in stock markets in the Greater China Region by...
View ArticleAll Economic Actors See Their Debt Ratio Exceed WEF-set Critical Point
SEOUL, Oct. 29 (Korea Bizwire) – Korea’s economic actors, including households, firms, and governments, have all exceeded the critical point of debt burden as set by the World Economic Forum. According...
View ArticleFinancial Sector to Lose 14.5 Tril. Won If 3 Business Groups Go Insolvent...
SEOUL, Oct. 31 (Korea Bizwire) – A central bank study said the combined loss of banks would be in the range of 14.5 trillion won if three top “most exposed” business groups were gone insolvent at the...
View ArticleTop 10 Business Groups Swamped with Cash…Chaebul.com
SEOUL, Nov. 3 (Korea Bizwire) – A typical excuse by large corporations that “we have no cash to invest” turns out one of the biggest lies they make. Even amid the prolonged recession and worsening...
View Article12 Banks Designated for Won-Yuan Direct Transaction Market Makers
SEOUL, Nov. 4 (Korea Biwire) — A total of 12 domestic and international banks including Shinhan Bank and Bank of Communications have been selected as “market makers” for won-yuan direct transactions....
View Article“CoCo Bond” Fast Emerging as Means for Banks to Procure Capital without...
SEOUL, Nov. 6 (Korea Bizwire) — As the Bank for International Settlements regulation on the capital adequacy ratio is tightened, more and more banks increasingly rely on the issuing of contingent...
View ArticleBank of Communications Kicks off Its Yuan Settlement Bank Operations in Seoul
SEOUL, Nov. 6 (Korea Bizwire) — Bank of Communications held on November 6 a memorandum signing event for the opening of a won-yuan settlement bank in Seoul. Earlier in July this year, the two summits...
View Article15 Tril. Won Flows in to Public Subscription Market to Buy Samsung SDS Stocks
SEOUL, Nov. 7 (Korea Bizwire) — As much as 15 trillion won of money flowed in to a public subscription of Samsung SDS common stocks. It was because it has been a long time since there was a large-scale...
View ArticleKorea’s Tax Income Redistribution Effect Lowest among OECD Members…Report
SEOUL, Nov. 8 (Korea Bizwire) — A study said Korea’s income redistribution effect through taxation is lowest among the Organization for Economic Cooperation and Development member nations. According to...
View ArticleKPS&E and CJ Korea Express Added to MSCI Korea Index
SEOUL, Nov. 08 (Korea Bizwire) –Daum Kakao Inc. will likely to benefit from the recent inclusion of its stock into the Morgan Stanley Capital International (MSCI) Korea Index after an increase of its...
View ArticleActor Ryu Seung-ryong to Become Venture Capitalist
SEOUL, Nov. 9 (Korea Bizwire) — Actor Ryu Seung-ryong and the CEO of his talent management firm Yeo Jun-young will become start-up investors. According to industry sources on November 7, Ryu, famous...
View ArticleGovernment Funds Incur 120 Bil. Won Loss from Wrap Account Mismanagement
SEOUL, Nov. 14 (Korea Bizwire) — A congressional investigation revealed that some of the securities firms took improper profits from government funds entrusted to them. The office of Congressman Kim...
View ArticleFirst Day of Hu-Gang Tong Scheme Implementation Attracts 10 Bil. Won
SEOUL, Nov. 18 (Korea Bizwire) – On the first day of the implementation of the Shanghai-Hong Kong Stock Connect, or “Hu-Gang Tong” scheme, Korean investors put more than 10 billion won in the account....
View ArticleNew Scheme to Allow Banks to Give Corporate Loans Based on CEO’s Ethical...
SEOUL, Nov. 18 (Korea Bizwire) – The government will provide long-term loans to small- and medium-sized enterprises based on ethical performance of their owners and CEOs. It will also allow banks to...
View ArticleLarge Business Groups to Be Mandated to Disclose on Cross-shareholding Details
SEOUL, Nov. 18 (Korea Bizwire) – From now on, all transaction details related to cross-shareholding among business group affiliates must be disclosed to the public. The Fair Trade Commission said on...
View Article
