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Watchdog probes banks' alleged hiring irregularities

South Korea's financial watchdog has started an inquiry into allegations that some banks gave special favors to some job candidates related to senior executives, sources said Friday. The Financial S...

Dec 22, 2017
Finance
Cryptocurrency fuels ‘irrational exuberance’: BOK Gov.

South Korea‘s top monetary policymaker expressed concerns on what he called the nation’s “irrational exuberance” that may partly be blamed on the cryptocurrency frenzy among local retail investors, d...

Dec 21, 2017
Finance
Korea to unveil financial deregulation in Q1 next year

South Korea will unveil a package of measures during the first quarter of next year on financial regulatory reforms that would lower entry barriers for new players and boost competition in the local ...

Dec 21, 2017
Finance
Cryptocurrency exchange Youbit shuts down after hack attack

One of South Korea’s cryptocurrency markets, YouBit, was forced to shut down on Tuesday after a hacking attack, the exchange said. Hackers stole about 17 percent of YouBit’s cryptocurrency in the at...

Dec 19, 2017
Finance
Govt. set up W1tr fund for restructuring of SMEs

The government will set up a 1 trillion-won ($918 million) fund to restructure struggling small and medium-sized enterprises as part of its drive for "market-oriented" corporate restructuring, offici...

Dec 18, 2017
Finance
Commercial banks to raise floating mortgage rates this week

South Korea's commercial banks are set to raise floating rates for mortgage loans this week in line with a benchmark money market rate hike, industry officials said Sunday. The top five banks -- KB ...

Dec 17, 2017
Finance
[Herald Interview] Education key to dealing with bitcoin craze

Following phenomenal bitcoin demand by retail investors in South Korea in the past few weeks, local cryptocurrency exchanges might represent the nation’s potential to take the lead in blockchain tech...

Dec 15, 2017
Finance
KCS official blamed for leak of gov't measures against cryptocurrency speculation

A Korea Customs Service official was found to have leaked a government press release announcing a package of measures aimed at curbing cryptocurrency speculation earlier this week, officials said Fri...

Dec 15, 2017
Finance
Cryptocurrency exchanges seek to improve market transparency

South Korea‘s cryptocurrency exchanges said Friday they will adopt self-regulatory measures to boost transparency in the highly speculative market. The Korea Blockchain Association, consisting of 14...

Dec 15, 2017
Finance
Weakest gold in year ‘not relevant’ to bitcoin surge: analyst

South Korean gold prices are at their lowest in almost a year while bitcoin prices rise exponentially, but a Korean analyst on Friday rebutted claims that gold’s decline was down to the bitcoin craze...

Dec 15, 2017
Finance
Turnover of derivatives market gains 9% in H1

The trading volume of South Korea's derivatives market expanded nearly 9 percent in the first half of the year on the back of a bullish stock market, the financial regulator said Friday. The combine...

Dec 15, 2017
Finance
Senior Korean official to protest EU's tax haven blacklisting

A senior foreign ministry official will protest the European Union's recent blacklisting of South Korea as a tax haven country during a meeting in Brussels Friday, a government source said. Deputy F...

Dec 15, 2017
Finance
US rate hike to have little impact on Korean market

South Korea's central bank chief said Thursday that the latest rate rise by the US Federal Reserve will have little impact on the local financial market, as the move was widely expected. "The market...

Dec 14, 2017
Finance
Vulnerable households likely to suffer from increased debt repayments after rate rise: BOK

An interest rate rise in South Korea will increase the debt repayment burdens of vulnerable households who over-extended themselves on mortgages during the low rate period, the central bank said Thur...

Dec 14, 2017
Finance
Fed move heralds possible rate reversal in US, Korea

The US central bank's latest rate hike has raised the possibility of a reversal of key interests in the world's top economy and South Korea next year that could destabilize the local financial market...

Dec 14, 2017
Finance

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Shin Chang Hoon
Tel : 02.727.0114