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Kakao Games pushes for September IPOMarketsAug 4, 2020Kakao Games, the games unit of Korea’s mobile giant Kakao, has submitted a registration statement to the Financial Services Commission, with an intention of listing on the nation’s tech-heavy Kosdaq ... -
Tax authorities zero in on foreigners with multiple homesEconomyAug 3, 2020SEJONG -- The nation’s tax agency has launched a probe targeting 42 foreigners who own multiple apartments here and are alleged to have evaded taxes, as part of the government’s drive to curb surging... -
Global X lists telemedicine, digital health ETF on NasdaqMarketsJul 31, 2020The New York-based provider of exchange-traded funds Global X has listed its ETF -- which invests in global telemedicine and digital health companies -- on the Nasdaq, parent company Mirae Asset Glob... -
NPS to raise overseas investment ratio to 50% by 2024EconomyJul 31, 2020South Korea’s public pension fund National Pension Service said that it will expand its overseas investment proportion to over 50 percent during the next five years, seeking for higher returns amid m... -
Mirae Asset Daewoo to buy back stocks worth W113.4bMarketsJul 30, 2020South Korean brokerage firm Mirae Asset Daewoo said Thursday it plans to repurchase 15 million treasury stocks worth 113.4 billion won ($94.84 million) in an effort to boost shareholder value and sta... -
Kospi briefly touches record high for 2020 on foreign buying spreeMarketsJul 30, 2020South Korea’s main bourse Kospi reached a level not seen in some six months on Thursday, with foreign investors continuing their buying spree for a fifth consecutive session amid the US Federal Reser... -
Samsung stocks back to pre-COVID prices as foreigners returnMarketsJul 29, 2020Samsung Electronics shares bounced back to 60,000 won ($50.30) in nearly five months on Wednesday, with mounting interest of foreign investors for the fourth consecutive session. The stock price of ... -
Gold prices soar to all-time highMarketsJul 28, 2020Gold prices surged to a record high on Tuesday, as investors sought to park their money in safer destinations amid the continued spread of coronavirus and renewed US-China tensions. According to the... -
Koramco’s REIT to invest in 187 gas stationsMarketsJul 27, 2020South Korean firm Koramco REITs Management & Trust said Monday it plans to raise 106.6 billion won ($89.04 million) from retail investors for its market debut on the nation’s main bourse Kospi next m... -
Cigna’s Korean subsidiary denies sell-off rumorsMoneyJul 24, 2020Lina Life Insurance, an affiliate of Cigna, on Friday denied market rumors that it is up for sale. According to recent market rumors, the US-based health service company plans to sell its stake in t... -
‘Korean listed REITs are undervalued amid bio, tech rallies’MarketsJul 22, 2020Despite a number of REITs attempting to make their market debuts on the nation’s main bourse Kospi in the second half, their value remains underestimated, according to the chief of the Korea Associat... -
Scholars hold authorities responsible for hedge fund fiascoMarketsJul 21, 2020Scholars in Seoul on Thursday lashed out at financial authorities, saying their policy drive to nurture local hedge funds five years ago was a hasty decision. Pointing to the dispersed monitoring po... -
![[Market Close-up] Political links to South Korean hedge funds spark controversy](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/07/20/20200720000702_0.jpg)
[Market Close-up] Political links to South Korean hedge funds spark controversyMoneyJul 20, 2020This is the final installment in a two-part series exploring Korea’s troubled hedge funds. -- Ed. Alleged fraud cases involving homegrown hedge fund asset managers in recent months have something in... -
Local PEF’s purchase of Gangnam apartments grabs market attentionMarketsJul 20, 2020A private equity fund operated by a local real estate asset management firm has purchased an entire apartment building consisting of 46 units in Gangnam -- one of Seoul’s most expensive districts -- ... -
Inter-family asset donation rises in 2019 to bypass inheritance tax: NTSEconomyJul 17, 2020The amount of lineally donated assets marked over 30 trillion won ($25 billion), while the number of cases amounting to more than 100 million won also rose in 2019, the country’s tax agency said Frid...
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