The Korea Herald

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Strong dollar fans fear of foreign capital outflow from Korean market

With the Korean won extending its losing streak against the dollar, analysts voiced concerns on Monday that the prolonged trend may trigger an outflow of foreign capital from the local stock market. ...

May 6, 2019
Finance
Seoul-based PEFs likely to acquire Lotte’s financial arms

Two Seoul-based private equity firms have been selected as the most preferred bidders for the respective acquisition of South Korean-Japanese conglomerate Lotte Group’s nonbanking financial arms Lott...

May 3, 2019
Finance
Korean banks’ household lending growth picks up speed in April

Household loans given out by South Korean banks grew at the fastest rate since the start of the year last month, industry data showed Friday, indicating possible signs of worsening economic condition...

May 3, 2019
Finance
[Photo News] Heading for Myanmar

Government agencies related to investment on Thursday hold a memorandum of understanding, seeking to help South Korean companies expand business in Myanmar. (Front row, from left) Respective represen...

May 2, 2019
Finance
Mirae Asset Daewoo issues world’s first 3-year SRI bond

South Korean brokerage firm Mirae Asset Daewoo has simultaneously issued a three-year dollar-denominated, socially responsible investment bond and five-year senior notes, the firm said Tuesday. This...

May 1, 2019
Finance
WeWork files confidentially to hold initial public offering

WeWork, the world’s biggest co-working company, is planning to go public, joining a wave of highly valued technology startups moving to the U.S. markets. The New York-based company said Monday it fi...

Apr 30, 2019
Finance
FSS’ revival of comprehensive inspection of financial firms prompts concerns

South Korea’s financial regulator will take initial steps in reviving the comprehensive inspection of financial firms within the next few weeks after four years, prompting concerns the practice may k...

Apr 30, 2019
Finance
Korea kick-starts ‘innovative finance’ body, pledging W225tr in investment

South Korea’s special task force for “innovative finance” kicked off its first meeting Tuesday, with the participating government ministries and finance corporations pledging some 225 trillion won ($...

Apr 30, 2019
Finance
MBK teams up with Woori Financial in bid for Lotte Card

Private equity firm MBK Partners has teamed up with Woori Financial Group Inc., a major financial holding firm, in its bid to buy a majority stake in Lotte Card Co., an industry source said Monday. ...

Apr 29, 2019
Finance
KB Financial launches council to support startups

KB Financial Group announced Monday it has launched the “KB Innovation Finance Council” to provide investment and credit support to innovative startups as well as small and medium-sized enterprises. ...

Apr 29, 2019
Finance
Woori Bank strengthens anti-money laundering surveillance system

Woori Bank has established a strengthened anti-money laundering surveillance system whose protocols are on par with global standards to fight financial crime and strengthen compliance, the bank said ...

Apr 28, 2019
Finance
FTC files against KT, puts brake on K bank majority ownership review

South Korea’s Fair Trade Commission said Thursday that it has filed a report with the prosecution against KT over alleged violations of antitrust law, a move that puts the telco’s plans to increase i...

Apr 25, 2019
Finance
Korea to strengthen laws governing companies’ annual shareholder meetings

The Financial Services Commission and the Justice Ministry on Wednesday announced a series of policies aimed at improving local firms’ annual general meeting of shareholders, which have become more o...

Apr 24, 2019
Finance
Envisaging homegrown unicorn, Korea seeks to fend off foreign investor-led round funding

Venture capitalists in the global startup scene have to pay a hefty price -- hundreds of millions of dollars -- to take part in a later-stage round of investment. In South Korea, one of the nations ...

Apr 24, 2019
Finance
Internet-only K bank on brink of financial troubles

KT’s stake increase plans halted by FSC’s indefinite suspension of application review

Apr 23, 2019
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