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State pension to increase overseas investment to 50% in 2024

South Korea's state pension will gradually increase its overseas investment to some 50 percent of its assets under management in 2024 as part of its effort to boost returns and diversify its portfoli...

May 31, 2019
Finance
Bank of Korea freezes base rate at 1.75%, citing uncertainties

South Korea’s central bank on Friday froze the key interest rate at 1.75 percent, leaving the rate unchanged for six consecutive months, amid lingering concerns over weakening economic growth and ris...

May 31, 2019
Finance
Stock transaction tax cut to take effect Thursday

South Korea’s decision to lower the tax rate on securities transactions by 0.05 percentage point is set to take effect on Thursday, with the financial sector divided on whether it will successfully s...

May 29, 2019
Finance
S. Korean firms issue more than W5tr of ESG-related bonds

South Korean firms have issued more than 5 trillion won ($4.27 billion) worth of environmental, social and governance-related bonds so far this year, which surpasses the volume of the asset class flo...

May 28, 2019
Finance
Kospi-listed firms’ debt-to-equity ratio worsens in Q1

South Korean companies listed on the main bourse saw their average debt-to-equity ratio up by nearly 6 percentage-points in the first quarter of the year, data showed Monday, with analysts citing poo...

May 27, 2019
Finance
[Contribution] Do we hold too much cash?

The Korea Herald is publishing a regular contribution series written by senior investment strategists at Standard Chartered Group Wealth Management. -- Ed. After being desensitized for many years by...

May 27, 2019
Finance
Regulator rejects 2 applications for online banks

In an unexpected turn of events, South Korea’s financial regulator on Sunday rejected applications by two consortia to set up the nation’s third and fourth internet-only banks. One consortium is bac...

May 26, 2019
Finance
S. Korean stocks retreat, won dips amid US’ threat to slap duties

South Korean stocks fell Friday, while the won closed higher against the US dollar, hours after Washington’s remarks that it is considering to impose anti-subsidy duties on nations that undervalue th...

May 24, 2019
Finance
[Photo news] Paving the way to Myanmar

The Industrial Bank of Korea CEO Kim Do-jin (fourth from left) stands with Myanmarese officials ahead of the bank’s investment briefing held Thursday at the Korea Chamber of Commerce and Industry. So...

May 23, 2019
Finance
Inaugural Korea Fintech Week kicks off

The inaugural Korea Fintech Week event kicked off in Seoul Thursday, bringing together more than 50 local startups and 2,500 attendees to share business ideas and clinch new investment opportunities....

May 23, 2019
Finance
Net profit of overseas FI branches jumps 37%

The overseas branches of South Korean financial institutions reported a 37 percent growth in their combined net profit on-year to nearly $1.3 billion last year, data from the Financial Supervisory Se...

May 23, 2019
Finance
Toss vs. Kiwoom: anticipation builds for Korea's third internet-only bank license

As South Korea’s financial regulators prepare to issue new operational licenses for internet-only banks here next week, all eyes are on the approval prospects of Toss Bank and Kiwoom Bank -- the two ...

May 22, 2019
Finance
MBK Partners-Woori Bank consortium selected as new preferred buyer of Lotte Card

Lotte Holdings said Tuesday that it has selected a consortium of MBK Partners and Woori Bank as the new preferred buyer of Lotte Card, amid legal irregularities surrounding former negotiations partne...

May 21, 2019
Finance
Costco Korea to make switch to Hyundai Card this week

Costco Wholesale Korea, the South Korean unit of the US wholesale giant, will officially switch to Hyundai Card as its credit card partner from Friday in line with contract stipulations, the credit c...

May 21, 2019
Finance
Woori conducts first overseas IR meeting as holding firm

Woori Financial Group has conducted its first investor relations meetings abroad after adopting a financial holding firm structure early this year, the firm said Monday. Group Chairman Sohn Tae-seun...

May 20, 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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