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Vietnamese funds draw attention in S. Korea

South Korean investors have been turning their heads toward funds that invest in Vietnamese stocks, which have been boasting a strong presence among foreign funds, market data showed Thursday, as a s...

Feb 28, 2019
Finance
[News Focus] KEB Hana Bank in tight spot over 3rd term of CEO Ham Young-joo

KEB Hana Bank, one of South Korea’s major commercial banks, is at odds with local financial regulators over the reappointment of its incumbent CEO and President Ham Young-joo as chief for the third t...

Feb 28, 2019
Finance
S. Korea central bank freezes key rate at 1.75% for February

The South Korean central bank on Thursday held its policy rate unchanged at 1.75 percent for February amid widespread concerns over an economic slowdown. The monetary policy board of the Bank of Ko...

Feb 28, 2019
Finance
How far has Korea's FSS got in investigation of Merrill Lynch high-speed trading case?

In August, South Korea’s financial auditor and the Korea Exchange set out to scrutinize Merrill Lynch’s Seoul office over mounting complaints that the US investment bank’s high-speed trading was unfa...

Feb 27, 2019
Finance
Korea's Financial Supervisory Service to crack down on unfair trading

Watchdog to focus on false disclosures, illegal short-selling and high-frequency trading by foreign investment firms

Feb 26, 2019
Finance
Korea to form open financial payment network to boost fintech

South Korea’s financial regulator plans to establish an open interbank payment network this year that can be accessed not only by banks but also financial technology companies, with the goal of bolst...

Feb 25, 2019
Finance
[News Focus] Grand vision aside, who pays for Zero Pay?

Whether it’s a subway station or a local market, it’s easy to spot signs across Seoul promoting Zero Pay, a state-sponsored mobile payment system designed to lower credit card processing costs for sm...

Feb 25, 2019
Finance
Solar stocks buoyed by China’s potential U-turn on subsidies

Stocks of South Korea’s solar energy-related businesses rose Monday on the latest reports that China might be mulling changes to a major solar power subsidy policy announced last year. A meeting bet...

Feb 25, 2019
Finance
Dividend payouts likely to hit record-high W30tr

The total dividend payments by listed companies in South Korea are likely to exceed 30 trillion won ($26.7 billion) this year, data showed Sunday, reaching a record high in light of mounting pressure...

Feb 24, 2019
Finance
NK-related stocks set to fly on Vietnam summit

With the US-North Korea summit scheduled to take place in Hanoi this week, North Korea-related stocks have been buoyed by the latest conciliatory mood, and a rally is forecast into the future. Share...

Feb 24, 2019
Finance
Fintech app Banksalad sees no. of monthly active users triple to 1.5m

Banksalad, South Korea’s leading mobile app for personal finance management, said Friday that the number of its monthly active users had reached 1.5 million, marking a threefold increase from its ave...

Feb 22, 2019
Finance
Korea’s producer price index drops to 12-month low in January

South Korea’s wholesale prices hit a 12-month low in January, affected by a decline in crude oil prices, the Bank of Korea said Friday. The central bank said the producer price index, an economic in...

Feb 22, 2019
Finance
[News Focus] US’ decision on Bitcoin ETF to set mood for Korea‘s cryptocurrency market

The bearish global cryptocurrency market has prompted investors to turn their attention to “safer” bitcoin exchange-traded funds. But South Korean institutions have kept a tight leash on the whole cr...

Feb 20, 2019
Finance
Woori Financial kick-starts nonbanking M&A push with bid for Hi Asset Management

Woori Financial Group has set out to acquire Hi Asset Management, marking the first step in its stated moves to expand its nonbanking business through strategic mergers and acquisitions and strengthe...

Feb 19, 2019
Finance
Hana Financial partners with SKT, Kiwoom Securities seek to form internet bank

Hana Financial Group, South Korea’s third-largest banking group, said Tuesday that it has partnered with SK Telecom and Kiwoom Securities to take aim at forming a new internet-only bank here. The th...

Feb 19, 2019
Finance

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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