Mirae Asset Global Investments, South Korea’s leading asset management firm, has a long track record both in and out the country. Especially during the volatile market amid the spread of COVID-19 around the globe this year, the firm’s performance has shone, as it newly launched or operated funds with high returns. By using a balanced portfolio strategy, its funds listed on Korea’s benchmark Kosp...

Under the slogan, “Sharing Happiness, Sharing Love,” Korea Investment & Securities has been taking a part in social contribution activities. The brokerage firm has been running a series of projects to support young members of underprivileged households to help them pursue their dreams. As part of its project, the KIS visited Seoul Metropolitan Police Agency on Wednesday and donated 100 million ...

While South Korea’s main bourse has been hitting all-time highs, the country’s stock market also set records in November on the back of an extended buying spree y foreign investors’ Following this month’s rally, both market watchers and investors are keeping a close watch on whether the market will sustain its momentum throughout the year. According to the nation’s sole bourse operator, the Kore...

Korea Investment Management, a fund operating under Korea Investment Holdings, has launched its first Vietnam leverage exchange-traded fund on South Korea’s main bourse, the Kospi, on expectations of a rally in Vietnamese stocks, the company said Thursday. The KINDEX Vietnam VN30 Futures Leverage (H) ETF tracks VN30 Futures. Launched in 2017, VN30 Futures are the Southeast Asian country’s first ...

South Korean midsized automotive parts maker Myoung Shin Industry said Wednesday it is looking to raise as much as 91.2 billion won ($82.3 million) from its initial public offering on the nation’s benchmark Kospi early next month. “We are looking forward to raise our overseas sales from the current 30 percent to 70 percent to become the No. 1 global green car automotive parts maker,” said Park B...

South Korea’s main bourse extended record-setting rallies for the second consecutive session Tuesday, setting a fresh high on hopes of an economic recovery and new coronavirus vaccine developments. The Kospi closed at 2,617.76, up 15.17 points, or 0.58 percent, from the previous session’s close, which itself was an all-time closing number. It even surpassed the intraday record of 2,607.10 marked...

Buoyed by a foreign investors’ buying spree that continued into a 13th consecutive session, South Korea’s benchmark Kospi reached a fresh all-time closing high on Monday, amid growing expectations by local brokerage houses that the main bourse could rise further next year. The main bourse rose 49.09 points, or 1.92 percent, to end at 2,602.59, eclipsing the 2,598.19-point mark reached Jan. 29, 2...

Under the impact of the COVID-19 pandemic and ongoing trade disputes between nations, South Korea’s trade-reliant companies are going through a difficult time. Struggling to survive in this hard time, often likened to the “barley hump,” they have made desperate efforts. The “barley hump,” is a Korean way of describing the lean season, known in some countries as the hunger gap, when the fall harv...

As South Korea’s main bourse hit its yearly high for a third consecutive session on Friday, investors’ expectations have mounted for a fresh yearly high as early as within the year. The Kospi closed at 2,553.50, up 6.08 points or 0.24 percent, from the previous session’s close. It began trading lower at 2,544.06 and experienced a roller-coaster trading session but ended strongly. Retail investo...

South Korea’s leading fintech startup Viva Republica is set to launch a mobile brokerage unit in the first half of next year as it received operational approval from the financial regulator. Named Toss Securities, the envisioned brokerage is the first local securities firm to be set up in 12 years. IBK Securities and KTB Investment & Securities were so far the last two that jumped into the marke...

The price of largest cryptocurrency Bitcoin reached a recent high dating back nearly three years, rising more than 4 percent within 24 hours amid investors’ rising demand for safe investments, digital currency data showed Wednesday. According to US-based cryptocurrency data provider CoinMarketCap, Bitcoin surpassed the $17,000 per bitcoin mark on Tuesday. The figure was the highest since $20,089...

Boosted by the recent surge in stock prices of Samsung Group affiliates, the stockholding value of late group Chairman Lee Kun-hee surpassed the 20 trillion won ($18.07 billion) mark for the first time, data showed Tuesday. According to data compiled by local corporate tracker Chaebul.com, the accumulated stock value of the late chairman came to some 20.08 trillion won as of Monday, soaring abou...

South Korea’s main bourse Kospi, crossed the 2,540-point mark Monday for the first time in nearly 33 months, amid net buying on a massive scale by foreign investors, according to market operator the Korea Exchange. The nation’s benchmark began trading at 2,507.46, up 13.59 points or 0.54 percent from the previous session’s close. It sustained an uptrend to close at 2,543.03, extending its winnin...

Korean brokerage firm Mirae Asset Daewoo has been included in the Dow Jones Sustainability World Index for the ninth consecutive year in recognition of its sustainable efforts for environmental, social and governance, or ESG, causes, the company said Sunday. The Dow Jones Sustainability World Index, the longest-running global sustainability benchmark, provides information about companies’ sustai...

South Korea’s sole bourse operator Korea Exchange and S&P Dow Jones Indices are set to launch a new index Monday that gauges the contributions of companies in reducing carbon emissions in line with the Moon Jae-in administration’s “Green New Deal” initiative, one of the key pillars of its economic stimulus package, the officials said Sunday. The KRX/S&P Carbon Efficiency Green New Deal Index aim...