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US-China trade dispute weighs on Korea’s financial markets

The value of South Korean won compared to other major currencies fell to a 19-month low as of Sunday, with the ongoing US-China trade disputes weighing down the economy. Asia’s fourth-largest econom...

May 19, 2019
Finance
S. Korean stocks likely to remain range-bound next week

South Korean shares will likely continue facing downward pressure next week due to lingering effects of the trade dispute between the United States and China but largely remain range-bound, with some...

May 18, 2019
Finance
Lotte Card sale mired in uncertainty over investigation of Hahn & Co., labor union backlash

The pending sale of Lotte Group’s credit card unit, Lotte Card, appears uncertain, as the CEO of its preferred bidder, Hahn & Co., faces an investigation over alleged tax irregularities -- a developm...

May 17, 2019
Finance
Listed firms’ Q1 net dips on sluggish exports

South Korean listed firms’ profits tumbled nearly 40 percent in the first quarter of the year due to weaker exports, data showed Friday. The combined net profit of 573 non-financial companies liste...

May 17, 2019
Finance
[News Focus] Will Hana’s win over Lone Star affect ISDS arbitration?

Hana Financial Group’s latest win over Lone Star Funds over the purchase of KEB Hana Bank, formerly known as the Korea Exchange Bank, prevented the South Korean banking group from paying the US priva...

May 16, 2019
Finance
Hana Financial wins suit against Lone Star on KEB deal

Hana Financial Group, one of South Korea’s four major banking groups, said Wednesday that it has won an international arbitration against US private equity fund Lone Star Funds over its purchase of K...

May 15, 2019
Finance
Samsung Pay marks W40tr in total transactions in Korea

Samsung Pay, the mobile payment service operated by Samsung Electronics, has reached 40 trillion won ($33.7 billion) in accumulated transactions in South Korea, the company said Tuesday. Since its l...

May 14, 2019
Finance
S. Korean stocks rebound amid intensified US-China trade dispute

South Korean stock markets rebounded slightly Tuesday after getting off to a weak start, amid signs of escalating tensions between the US and China in a trade war. The nation’s main bourse Kospi clo...

May 14, 2019
Finance
Korea’s finance-banking sector sets aside W584b toward digital transformation projects in 2019

Technology is shaking up South Korea’s banking-finance industry, with players embracing digital transformation as a core part of their business strategy going forward. Reflecting this shift, 71 of...

May 14, 2019
Finance
Korea’s promissory note market projected to top W10tr

The market size for promissory notes issued by South Korean investment banks is projected to reach 10 trillion won ($8.5 billion) this year, according to data released Monday, with securities firms s...

May 13, 2019
Finance
[News Focus] Convenience, tangible benefits propel prepaid cards to popularity in Korea

While fintech firms’ prepaid cards are doing well now, skeptics question their sustainability

May 12, 2019
Finance
Despite jitters, bourse closes higher as China-US trade talks extend

South Korean stock markets rebounded at Friday’s close, after the main bourse fell below 2,100 earlier in the day, reflecting market fluctuations caused by ups and downs in the trade confrontation be...

May 10, 2019
Finance
Chiefs of AIA, SK discuss ways to strengthen social value

The chiefs of global insurance group AIA and South Korean telecom-to-chips conglomerate SK Group met in Seoul Thursday to discuss ways to cooperate in creating shared value and strengthening social v...

May 9, 2019
Finance
Korean markets tumble on US-China trade tensions

South Korean markets were rattled Thursday, along with other markets in the region, after US President Donald Trump claimed that Beijing “broke the deal” in the ongoing trade talks with Washington. ...

May 9, 2019
Finance
Korean securities firms post strong Q1 earnings

South Korean securities firms delivered strong first-quarter earnings this year by shifting their focus from equities to investment banking, principal investments and asset management services. This...

May 8, 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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