Shinhan Alternative Investment Management and US-based private equity fund Carlyle Group have agreed to create a fund to jointly invest in prime infrastructure loans, according to industry sources Monday. The fund, tentatively named “Shinhan Carlyle Infra Credit Fund I” will be launched after both firms finalize the agreement. The $600 million worth fund will be invested in overseas prime infras...

Facing a series of key economic events slated for this week, South Korean stocks are set to rebound slightly with investors weighing hopes against the coronavirus woes, according to market watchers Sunday. At the core is the “New Deal” package scheduled to be unveiled Tuesday -- seeking to create jobs and foster economic growth amid the COVID-19 fallout, President Moon Jae-in’s administration pu...

The goal of turning Seoul, South Korea’s capital city for more than 600 years, into Asia’s premier financial hub has long been a dream. Recent reports on the exit of financiers from Hong Kong might point to a chance for Seoul to achieve its ambition of more than 15 years. But it is rarely mentioned in lists of potential Asian financial hubs. What is worse, authorities seem to have no concrete pl...

Amid the ongoing coronavirus pandemic, stocks related to untact -- non-face-to-face contact -- businesses continued their bullish run in South Korea on Thursday, as investors attempt to profit from the beneficiary sectors. Shares of Kakao, the operator of the local top mobile messenger, began trading at 328,000 won ($274.80), then soared by 24,500 won, up 7.47 percent in early trading hours. The...

SK Biopharmaceuticals shares continued to soar on Tuesday, outpacing its parent company SK Holdings by market capitalization on the nation’s main bourse Kospi. Shares of the bio unit of South Korean conglomerate SK Group began trading at 214,500 won ($179.85), then spiked by 51,500 won, up 24.01 percent, to reach 266,000 won in the first 10 minutes of trading. The stock was still on the rise but...

The Nature Holdings, a lifestyle outdoor firm known for its National Geographic licensed fashion brand, said Monday it is looking to raise as much as 60 billion won ($50.2 million) from its initial public offering on the tech-heavy Kosdaq this month. The firm is offering around 1.2 million shares in the price band of 45,000-50,000 won, CEO Park Young-jun said in a press briefing. The exact share...

SK Biopharmaceuticals, the largest initial public offering of this year so far, continued to perform strong Friday, soaring to a daily limit of 30 percent in the second trading session. The bio unit of South Korean conglomerate SK Group began trading at 127,000 won ($105.75) per share, then spiked 38,000 won, or 29.92 percent, to reach 165,000 won in early trading hours. Throughout the trading ...

South Korea’s public pension fund National Pension Service has posted a return rate of 11.34 percent last year, hitting a 10-year record high, Minister of Health and Welfare Park Neung-hoo said Friday. “After recording a return rate of minus 0.89 percent in 2018, last year’s figure rebounded within just a year. It is the highest return rate since establishing the NPS Investment Management Commit...

Prior to its market debut, local and offshore investors rushed for SK Biopharmaceuticals shares due to its growth potential amid the coronavirus pandemic. The retail investors’ tranche marked the end of its IPO to raise 959.3 billion won through 19,578,310 common shares. In the two-day retail tranche that was held on June 23-24, the shares were oversubscribed 323 times with deposit payments amou...

한국을 ‘아시아 금융허브’로 키우겠다는 정부의 꿈이 또 한차례 멀어지게 됐다. 한국거래소가 개발에 나섰던 주요 아시아 증시의 대표 종목을 담은 ‘아시아 공동 지수’(Asia Index)가 사실상 무산됐기 때문이다. 1일 코리아헤럴드 취재 결과 한국거래소는 한국과 일본, 중국, 홍콩, 대만 등에 위치한 거래소와 협력해 각국 대표 우량주(株)를 담은 지수를 개발하려고 했다. 하지만 복수의 관계자에 따르면 각국의 시장 경제규모, 자본시장 성숙도, 규제 환경 등의 차이로 이미 해당 사업은 손을 놓은 상태인 것으로 밝혀졌다. 한 관계자는 “미국의 S&P 500, 유럽의 유로스톡스 50과 같은 아시아 대표 지수를 만들 계획이었다. 하지만 이미 내부적으로 관련 이야기가 나오고 얼마 지나지 않은 초기 단계에서 바로 ...

South Korea’s drive to launch the first pan-Asian benchmark comprising major blue chip stocks in the region appears to have fallen apart, thanks to political differences and a lack of interest from larger markets. The project, led by the nation’s bourse operator Korea Exchange (KRX), was designed to attract more foreign capital in the stock market, and was hoped to be a precursor of becoming a n...

South Korean stocks dipped about 2 percent Monday, amid renewed fears over the coronavirus outbreak promoted by a resurgence in new confirmed cases over the weekend. The Korean won continued to rise against the US dollar. The nation’s main bourse Kospi opened sharply lower at 2,105.54 -- down 29.11 points, or 1.36 percent, from the previous session’s close. The index continued to move downward t...

South Korea’s National Pension Service sold 1.09 million shares in the nation’s leading hospitality and duty-free operator Hotel Shilla in the second quarter, a filing showed Sunday. As of Wednesday, NPS was holding 9.73 percent voting rights in the hotel and resort unit of Samsung, down 2.74 percentage points from March 31, with 12.47 percent. From April 1 to June 24, the pension fund sold Hot...

The impact of US shareholders has grown on South Korea’s stock market, as they expand investments in large-cap stocks, according to the latest data Sunday. In a survey of shareholders from the US and China with more than 5 percent ownership in the local stock market, investors from the US marked nearly 27.71 trillion won ($23.02 billion) as of June 22, up 52.7 percent, or 18.15 trillion won from...

National Tax Service Commissioner Kim Hyun-jun (center) poses with actor Lee Seo-jin (left) and singer-actor IU, who were appointed as PR ambassadors of the tax agency in Seoul on Wednesday. The two actors, known as model taxpayers, received presidential citations in March for dutifully paying taxes. Lee said while accepting NTS’ honorary role that honest tax payment is the least donation he can ...