Finance

Despite a historic bull market, retail investors recorded their largest-ever net selling last year, while foreign investors emerged as the biggest winners in terms of returns. According to data released by the Korea Exchange on Wednesday, individual investors posted net sales of 26.36 trillion won in the KOSPI market last year, marking the highest annual net selling figure on record. The previous record was set in 2012, when retail investors sold 15.55 trillion won worth of s

China has tightened its grip on overseas capital held by domestic companies, ordering firms that raised money abroad through initial public offerings to bring those funds back home. The move is expected to ripple through global currency markets and has sparked concern among foreign companies operating in China, including South Korean firms. According to Reuters, the People’s Bank of China and the State Administration of Foreign Exchange issued a new directive on December 26

Public concern and legal action are rapidly escalating following a large-scale personal data breach at Shinhan Card, as the incident was found to involve prolonged illegal activity by internal employees rather than an external cyberattack. According to the credit card industry on December 26, Shinhan Card confirmed that employees at several of its sales offices unlawfully collected and leaked personal information of merchant representatives for the purpose of acquiring new