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Reporter : Lee Min-hyung
Sun, December 3, 2023 | 04:20
Securities firms reduce staff amid financial scandals
Securities firms are reducing their workforces amid their continuous involvement in a series of scandalous financial fiascos.
Mirae Asset holds ETF Rally 2023 for global expansion
Mirae Asset Global Investments has reaffirmed its strong determination to strengthen its brand identity in the global exchange-traded fund (ETF) market. A group of 70 top-level executives of its overseas branches took part in the firm's ETF Rally 2023 event for three days from May 22. As of the end of April, Mirae Asset operates ETF businesses worth 121 trillion won ($91.1 bi...
CEOs of securities companies visit UK, Republic of Ireland
More than a dozen leaders of local securities firms embarked for the United Kingdom and the Republic of Ireland, Sunday, to inspect potential business opportunities and risk factors in real estate markets in the region.
Large-cap tech shares rally after BOK's rate freeze
Korea's major large-cap tech stocks extended a sharp rally, Thursday, buoyed by foreign investors' mass-buying spree, after the Bank of Korea (BOK) announced its widely anticipated decision to freeze its key rate. The latest monetary decision kept the interest rate gap between Korea and the United States unchanged at a historic high of 1.75 percentage points, but this has not...
Financial association to host ICSA annual conference in Seoul
The Korea Financial Investment Association (KOFIA) will host the annual conference of the International Council of Securities Associations (ICSA) in Seoul next month to discuss the latest issues in the global capital market.
Will foreign investors extend record buying spree of Samsung shares?
Samsung Electronics shares are picking up renewed momentum after a rebound on foreign investors' stronger-than-expected buying sprees.
Households pushed to pay debt on rate hikes, shrinking asset market
Amid high interest rates and sluggish sentiment in the stock and real estate markets, fewer people are borrowing money and more people are trying to pay back loans. As a result, the nation's total household debt reported the largest quarterly decline between January and March.
UAE explores investment opportunities in Korea
The United Arab Emirates (UAE) is on track to execute $2 billion (2.63 trillion won) of investments in Korea's promising growth areas such as energy and information and communications technology (ICT), the Korea Development Bank (KDB) said in a statement Monday.
Korean retail investors eye Japanese stock market on weakening yen
Retail investors are increasing their bets on the Japanese stock market, which has displayed an unexpectedly outstanding rally buoyed by exporters' stellar earnings thanks to a weak yen.
Why money flows into internet-only banks from legacy lenders
Legacy banks are losing appeal among customers, as internet-only banks become the more attractive option for depositing savings, data showed.