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Seoul emphasizes Korea is not a currency manipulator

South Korea‘s finance minister said Friday that his country should not be regarded as a currency manipulator as it strives to enhance transparency in its currency market. Kim Dong-yeon made the argu...

Oct 12, 2018
Finance
Regulator to conduct more inspections into accounting practices at big firms

The financial regulator said Friday it will conduct more inspections into accounting practices at big companies as part of its efforts to toughen rules on corporate accounting standards. In a report...

Oct 12, 2018
Finance
Korean stock markets take largest loss in 7 years on Wall Street plunge

South Korea’s stock markets were routed Thursday following a plunge in stocks at Wall Street amid surfacing doubts about current tech stock valuations in the United States and fears on lingering US-C...

Oct 11, 2018
Finance
Govt. plans to cut maximum legal lending rate to 20%

The government plans to gradually cut the maximum interest rate that private lenders can charge to 20 percent per annum, the financial regulator said Thursday. In a parliamentary audit meeting, Fina...

Oct 11, 2018
Finance
P2P lender 8Percent receives W6b investment

The South Korean startup 8Percent, dedicated to peer-to-peer financing to individuals and small-sized business owners, announced Wednesday it had drawn a combined 6 billion won ($5.3 million) in inve...

Oct 10, 2018
Finance
[Newsmaker] KRX feels heat from calls to cut trading hours

Debate persists over need to raise market liquidity versus concerns about excessive workload

Oct 9, 2018
Finance
Woori Bank to streamline loan evaluation of offshore units

Woori Bank, South Korea‘s fourth-largest commercial bank by assets, said Monday it has created an office in Singapore to streamline loan evaluation of offshore units across Asia. The office, dubbed ...

Oct 8, 2018
Finance
IBK opens consulting service platform for startups

The state-run Industrial Bank of Korea launched a consulting service platform to support small firms and startups last week, bank officials said. IBK said it opened IBK ChangGongong at its Guro bran...

Oct 7, 2018
Finance
Nation Pension loses 9.9 tln from stock investment through July

The National Pension Service (NPS), the country's top institutional investor, lost a whopping 9.9 trillion won (US$8.7 billion) from stock investments through July this year, a lawmaker said Saturday...

Oct 6, 2018
Finance
Lendit to allow secondary market trading

South Korea’s peer-to-peer financing startup Lendit said Thursday that it plans to allow investors and borrowers to trade notes that are not mature by establishing an online secondary market. Lendit...

Oct 4, 2018
Finance
BOK chief hints at rate hike

South Korea's central bank chief on Thursday gave a strong signal for a possible rate hike later this month aimed at reducing the adverse effects from years of low borrowing costs. "Recently, the So...

Oct 4, 2018
Finance
Seoul, Gyeonggi homeowners to be virtually ineligible for additional mortgage loans

South Korea’s financial authorities are reinforcing regulations to dissuade homeowners in Seoul from taking out loans to purchase additional residences, part of ongoing efforts to bring housing price...

Oct 3, 2018
Finance
[Herald Interview] True Short envisions ‘one-stop shop’ for short selling-related data

The Korea Herald is publishing a series of interviews on promising startups in the financial technology industry. This is the 22nd installment. -- Ed. Foreign short selling activities on South Korea...

Oct 2, 2018
Finance
Financial audits drag on lackluster IPO market

Longer-than-expected financial audits are posing hurdles to privately-held companies seeking initial public offerings on South Korea’s stock markets, amid a sharp fall in the volume of total investme...

Oct 1, 2018
Finance
Financial watchdog vows to eradicate phone scams

South Korea's financial watchdog on Monday launched a fresh campaign to eradicate phone scams known as "voice phishing," calling for banks and other financial institutions to make more efforts to pro...

Oct 1, 2018
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 : Yang Sung-jin
Tel : 02.727.0114