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Won breaches 7-month low against dollar

South Korea’s local currency fell for four consecutive trading days and breached a seven-month low against the US dollar, amid investor risk aversion and the strengthening dollar following growing fe...

Jun 18, 2018
Finance
Woori Bank to seek approval for holding company structure

South Korea’s Woori Bank is set to apply for regulatory approval Tuesday to adopt a financial holding company structure. Following a regular board of directors’ meeting Tuesday, the bank will submit...

Jun 18, 2018
Finance
Household debt crisis shows little sign of abating: data

The increasing pace of household credit in South Korea showed little sign of abating, data showed Sunday, and the lingering debt crisis is likely to affect Korean households‘ finance amid central ban...

Jun 17, 2018
Finance
Prosecution indicts 38 bank officials for hiring misconduct

The prosecution has indicted 38 officials from South Korean commercial and provincial banks, including former and incumbent chiefs, on charges of exerting inappropriate influence on entry-level emplo...

Jun 17, 2018
Finance
Banks set to jack up lending rates after US rate hike

South Korean banks are poised to raise their lending rates after the key interest rate in the Unites States reached the 2 percent range, market sources said Sunday. As widely expected, the US Fed ra...

Jun 17, 2018
Finance
Police begin probe into Coinrail hacking attack

The South Korean police began an investigation on Monday after Korea’s seventh largest crypto exchange Coinrail lost more than 40 billion ($37 million) in altcoins in an apparent attack by hackers ov...

Jun 11, 2018
Finance
Prosecutors raid Shinhan Bank in probe into hiring irregularities

Prosecutors raided the head office of Shinhan Bank on Monday as part of an investigation into allegations that its officials gave special favors to children of the bank's ranking officials, allowing ...

Jun 11, 2018
Finance
Financial authorities to tighten anti-money laundering rules

Financial authorities plan to tighten anti-money laundering regulations ahead of next year's assessment of South Korea by an intergovernmental organization set up to combat illicit movement of funds,...

Jun 10, 2018
Finance
Wider US-Korea rate gap expected to rekindle concerns of capital outflows

The gap between key South Korean and US interest rates will widen further if the US Federal Reserve raises its key rate again this week, a move that would rekindle worries of capital outflows, accord...

Jun 10, 2018
Finance
Kakao Bank to launch chatbot to upgrade unmanned customer service

Kakao Bank, South Korea’s largest internet-only bank, on Friday showcased a beta version of a customer service chatbot it expects to play a crucial role in enhancing its unmanned operation. The serv...

Jun 8, 2018
Finance
Seoul stocks slump ahead of G-7 summit

South Korean stocks closed lower Friday to end a five-day winning streak as investors tried to lock in profits from recent gains, amid lingering trade concerns ahead of a Group of Seven meeting, anal...

Jun 8, 2018
Finance
[Herald Interview] Cashnote streamlines card income management for retailers

The Korea Herald is publishing a series of interviews on promising startups in the financial technology industry. This is the 16th installment. - Ed. To retail shop owners occupied with day-to-day o...

Jun 5, 2018
Finance
Samsung SDS launches blockchain-powered financial infrastructure

Samsung SDS on Monday launched a financial platform powered by blockchain and artificial intelligence, designed to help the local banking industry to cut cost, minimize security threats and streamlin...

Jun 4, 2018
Finance
Korean markets to close on June 13 for election

South Korea’s financial markets will shut down on June 13 for a designated holiday for local election, according to the Korea Exchange Monday. (Herald DB) Markets trading equities, derivatives and ...

Jun 4, 2018
Finance
Govt. to tighten reporting rules on financial transactions

The government has proposed a bill to toughen the rules for reporting on certain financial transactions, the country's top financial regulator said Sunday. The move is part of Seoul's ongoing effort...

Jun 3, 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 : Shin Chang Hoon
Tel : 02.727.0114