Seoul, Jan 4 (IANS) Foreign ownership as a share of total market capitalisation reached its highest level in five years and eight months in December amid a rally in the South Korean equity market, a report showed on Sunday.Foreigners bought a net 3.5 trillion won (US$2.4 billion) worth of local shares in December, raising their stockholdings to 32.9 percent of total market capitalsation, the highest level since April 2020, according to a report published by the Korea Center for International Fin…
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Seoul, Dec 30 (IANS) Foreign currency deposits in South Korea rose for the first time in three months in November, central bank data showed on Tuesday.Outstanding foreign currency-denominated deposits held by residents stood at US$103.55 billion as of end-November, up $1.71 billion from a month earlier, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.The total had reached the highest level in 31 months in August but declined over the following two months, mainly du…
Seoul, Dec 28 (IANS) Experts on Sunday viewed the 1,420 level as an annual average for the won against the U.S. dollar, as financial authorities stepped up verbal intervention to arrest the won’s slide.The Korean won closed at 1,440.3 won against the US dollar on Friday, marking the lowest level since Nov. 4, according to data from Seoul Money Brokerage Services, reports Yonhap news agency.With financial authorities stepping up verbal intervention to curb the won’s weakness, the won rose sharply…