Overseas direct investment by Korean companies totaled $63.4 billion in 2023, with 43.7 percent directed toward the United States.
Recent instances of illegal short selling unearthed by financial authorities indicate “a considerable issue” in the management of global investment banks, Financial Supervisory Service (FSS) Gov. Lee Bok-hyun said Thursday.
The interim results of an investigation by the financial watchdog found that BNP Paribas, HSBC and seven others engaged in illegal short selling with a total value of 211.2 billion won.
Instead of setting the rhetorical goal of turning Korea into an Asian economic hub, the government must take proactive actions to achieve the goal.
Korea's economy grew at the fastest pace in two years, over twice the market estimate of 0.6 percent, as exports expanded and construction investment rose.
Young Koreans are turning to gold investments as the asset's prices reach a record high.
A series of embezzlement and breach of trust cases among several banks has sparked concern about the financial sector's internal control capabilities.
The January-March period posted a new record of foreign direct investment pledges, although realized investments halved on year.
Woori Bank may compensate investors in Hong Kong-tied derivative products for an average of 40 percent of their losses. Other banks could face larger financial burdens due to their high sales volume of the securities.
The Financial Supervisory Service's special judicial police squad raided the headquarters of NH Investment & Securities in western Seoul on Tuesday over the bloated initial public offering of FADU, a fabless solid-state drive and controller company.
Korea JoongAng Daily Sitemap