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Reporter : Anna J. Park
Sun, December 5, 2021 | 11:18
NPS invests 27.5 tril. won in PEFs
The National Pension Service (NPS), with assets under management (AUM) of over 830 trillion won ($710 billion), invested 27.5 trillion won in private equity as of the end of last year.
MSCI Korea Index's quarterly review includes SK Bioscience, SKIET, EcoProBM
SK Bioscience, SKIET and EcoProBM have been newly added to the Morgan Stanley Capital International (MSCI) Korea index in its quarterly review released this month. While KMW has been removed from the list, SK Telecom's weight will also be reduced in the index.
FSS chief warns of heavy personnel reshuffle
Jeong Eun-bo, new chief of the Financial Supervisory Service (FSS), aims to conduct a massive personnel reshuffle in an effort to shift the policy direction implemented under his predecessor. Upon taking the top position at the FSS, Jeong asked all 14 executives of the FSS to submit their resignations, creating a stir among staff members, FSS sources said Thursday.
US infrastructure bill benefits local cyclical stocks
With the U.S. Senate passing a $1 trillion bipartisan infrastructure bill Tuesday (local time) that will invest massively in roads, railways, bridges and water facilities, cyclical and energy sector stocks are expected to benefit the most from the 10-year plan.
Supporting credit repair
Financial Services Commission (FSC) Chairman Eun Sung-soo speaks during a meeting with the Korea Federation of Banks (KFB) held in central Seoul, Wednesday. In cooperation with the KFB, the financial regulator is set to announce a series of measures to alleviate local merchants suffering from worsening credit due to the COVID-19 pandemic. Courtesy of FSC
Krafton becomes largest market cap game company on KOSPI
Despite rather lukewarm movement of Krafton's stock price on Tuesday, the developer of the global mega-hit game, “PlayerUnknown's Battlegrounds,” secured the top position in terms of market cap among the local game companies listed on the KOSPI.
Securities firms become selective amid series of IPO plans
As a series of big-name companies are announcing their plans to make their debuts on the country's stock markets in the near future -- later this year or early next year -- local brokerage firms have become more selective than ever over the role of underwriting the IPO process.
Shinhan Life CEO Sung leads insurance firm's innovation
Ever since Sung Dae-kyu took over as Shinhan Life CEO in early July, the insurance arm of Shinhan Financial Group has been evaluated positively for its innovative attempts to refresh the firm's image.
KakaoBank becomes 12th-largest market cap company on KOSPI
KakaoBank was listed on the KOSPI, Friday, in one of most expected IPOs of the year, and ended the day with a positive performance. The internet-only bank's initial price was set at 53,700 won at the beginning of Friday's session, 37.7 percent higher than the offering price of 39,000 won. Despite failing to reach its maximum possible start - a 200 percent jump - the stock con...
Korean millennials shift attention to US market
Local retail investors have recently started to invest more overseas, mainly driven by a “younger generation” searching for what they call “alpha” stocks or those that produce excessive returns.