Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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First snow to fall in Seoul on Wednesday
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Man convicted after binge eating to avoid military service
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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S. Korea not to attend Sado mine memorial: foreign ministry
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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NPS to build defensive portfolio
[THE INVESTOR] Korea’s national pension fund said on July 1 it will adopt a defensive strategy for alternative investments into European markets to protect against potential shocks from the post-Brexit turmoil. The National Pension Service, the world’s third-largest pension fund with 520 trillion won (US$450 billion) in assets, said it will keep a close eye on market conditions after Britain’s decision to leave the EU in order to achieve the 5 percent goal of the annual rate of return this year.
July 1, 2016
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Jangwon Tech to float IPO in July
[THE INVESTOR] Jangwon Tech, a Korean die casting company, will go public on the tech-heavy KOSDAQ in July, the firm’s chief executive said on June 30. The company plans to use the funds from the initial public offering to “expand its production facilities and diversify product portfolio,” said Park Sae-hyuk, CEO of the firm in a press conference held in Seoul. The company is expected to offer 1.5 million shares to the public against the total issue size of 6,045,000 shares at a tentative price
July 1, 2016
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Pace of South Korea’s exports drop slows
[THE INVESTOR] South Korea’s exports may be on the recovery path, with the rate of year-on-year drop decreasing to a 12-month low. According to the Ministry of Trade, Industry and Energy, the country’s June exports showed an on-year drop of 2.7 percent -- the smallest decrease recorded since June 2015 -- to come in at US$ 45.3 billion. Since January 2015, Korea’s monthly exports have been declining, with the rate of decrease rising to 19.1 percent in January this year. The figure recorded in the
July 1, 2016
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FSC chairman warns of Brexit’s long-term impact on global market
[THE INVESTOR] Britain’s decision to quit the European Union could have a lasting impact on global markets in the long term, Korea’s top financial regulator said on July 1. Yim Jong-yong, chairman of Financial Services Commission said the Korean market is moving toward stability after Brexit turbulence but “uncertainties still remain high as Britain’s exit from the EU is the first of its kind.”FSC chairman Yim Jong-yongAlmost US$4 trillion has been wiped out from global equity values since June
July 1, 2016
