Foreign investors net purchased 15.8 trillion won ($11.67 billion) in the Korean stock market in the first quarter, driven by the popularity of Samsung Electronics and Hyundai Motor shares.
Korea’s financial regulator is tightening its grip on the issuance of convertible bonds in a bid to curb widespread unfair practices that favor large shareholders often at the expense of retail investors.
Corporate direct financing in Korea shrank from a month earlier in October due to a sharp drop in initial public offerings (IPOs), Financial Supervisory Service (FSS) data showed Tuesday.
An increasing number of bond experts in Korea forecast that the country's central bank will raise its key interest rates next month amid aggressive monetary tightening in the United States, a poll showed Friday.
Banks are starting to sell bonds again as the financial markets have recovered enough to handle the flood of paper.
Heungkuk Life Insurance said it has sufficient liquidity to pay off the money it borrowed to redeem bonds last month, and that its recent decision to raise capital was to comply with a regulatory recommendation.
The yield on three-year government bonds reached 3.669 percent, and the yield on 10-year government bonds was at 3.606 percent on Monday, according to the Korea Financial Investment Association on Tuesday.
Korea plans to sell 3.8 trillion won ($2.86 billion) in government bonds next month, the finance ministry said Thursday.
Corporate direct financing in Korea fell 49 percent in October from the previous month as rate hikes weighed on corporate activities, data showed Thursday.
Financial authorities vowed a buyout through a stabilization fund. Gov. Kim promised to fulfill repayment guarantee in January. But the confidence has been lost.
Korea JoongAng Daily Sitemap