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Foreign buying on Kospi reaches nearly W3tr

Foreign investors have net purchased nearly 3 trillion won ($2.66 billion) worth of South Korean stocks on the main bourse this month so far, data showed Sunday, adding fuel to a bear market rally. ...

Jan 27, 2019
Finance
Industrial Bank of Korea chief stresses ‘innovation’ as key growth driver in 2019

The chief of the state-run Industrial Bank of Korea urged its employees at home and abroad to embrace client-centric innovation as a key mission for 2019 during a companywide event to share the bank’...

Jan 25, 2019
Finance
BOK freezes key rate at 1.75% for Jan.

The South Korean central bank on Thursday held its policy rate steady for January amid rising uncertainties at home and abroad. In the first monetary policy board meeting of the year, the Bank of Ko...

Jan 24, 2019
Finance
Kyobo Life, SBI Holdings, Kiwoon Savings mull internet-only bank

Financial institutions including Kyobo Life Insurance, SBI Holdings and Kiwoom Savings Bank are mulling jumping into South Korea’s internet-only bank business amid the state’s efforts to foster the s...

Jan 23, 2019
Finance
[Contribution] Lessons from latest market tantrum

By Steve Brice The fourth quarter of 2018 was the second-worst quarter for global stocks since the 2008 financial crisis. No major equity market was spared. A benchmark of global stocks dropped 13 ...

Jan 22, 2019
Finance
Prospects for new internet banks in Korea grim as Naver, Interpark drop out

Prospects of the launch of a new online-only bank in South Korea were dampened this week, as major information and communication technology companies retracted their intentions to enter the banking b...

Jan 22, 2019
Finance
Financial watchdog urges credit card firms to focus on risk management

The head of the financial watchdog on Tuesday called for credit card firms to focus on their risk management processes this year, as global trade wars and market volatility further weigh on the natio...

Jan 22, 2019
Finance
[Photo News] Break rules, create markets

BREAK RULES, CREATE MARKETS -- AIA Group’s regional chief executive Bill Lisle on Monday attends “Rule Breaker + Market Creator,” AIA Life Korea’s annual kickoff meeting held in Seoul’s Seongsu-dong....

Jan 21, 2019
Finance
BOK to entrust transactions of advanced market stocks to local asset managers

South Korea's central bank said Monday that it will entrust local asset management firms with investment of its foreign reserves into advanced market stocks this year. The Bank of Korea held more th...

Jan 21, 2019
Finance
G-20 to take measures to address global imbalances and aging populations

The members of the Group of 20 leading economies have agreed to work together to tackle global imbalances and aging populations, viewing them as structural issues that could hinder sustainable and in...

Jan 20, 2019
Finance
KB, Shinhan regroup as competition heats up for ‘leading bank’ title

Korea's top two banks hold key meetings to recognize recent business performance, to set fresh strategies for new year

Jan 20, 2019
Finance
Korea’s pension fund suffers loss in investment in 10 conglomerates

South Korea’s state-run pension fund suffered valuation losses from its investment in the country’s 10 major conglomerates due to declines in their stocks, data showed Sunday. The National Pension ...

Jan 20, 2019
Finance
4 foreign banks fined W693m for price-fixing of FX derivatives

South Korea‘s antitrust watchdog said Sunday that it has fined four foreign banks 693 million won ($618,000) for fixing the prices of foreign exchange derivatives and selling them to five South Korea...

Jan 20, 2019
Finance
BOK issues catalogue on currency history

The central bank has issued a new art catalogue, offering a periodic introduction to South Korea’s currency, officials said Sunday. The Bank of Korea’s Money Museum has published “Korea’s Money,” a ...

Jan 20, 2019
Finance
Seoul shares to move within limited range next week

South Korean stocks are expected to move sideways next week as concerns about lackluster corporate earnings and China's slowing economy could dent investor sentiment, with eyes trained on ongoing tra...

Jan 19, 2019
Finance

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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