After demands aired, solution to Qatar crisis seems far off

The Korea Herald > Business > Finance

China stretches finance muscle through AIIB

China has been striving to take the lead in reshaping regional and global economic governance by creating a fresh network that connects Eurasia and South Pacific through a multilateral development fi...

Updated : 2017.06.16 16:40

Seoul stocks end almost flat amid profit-taking

South Korean stocks finished almost flat Friday as foreign investors dumped local shares to lock in recent gains, offsetting a buying spree by institutions and individuals, analysts said. The Korean ...

Updated : 2017.06.16 16:06

Korean think tank to hold forum at AIIB meeting

South Korea's state-run think tank said Friday it will hold a forum on how to promote infrastructure investment in Asia on the sidelines of an annual meeting of a China-led regional lender. During t...

Updated : 2017.06.16 15:39

Rebidding for remaining Incheon airport duty-free store license falls through again

The rebidding to lease out the remaining duty-free store license for Incheon International Airport's new passenger terminal fell through again due to a lack of tenders, the transportation hub operato...

Updated : 2017.06.16 15:31

Finance minister holds talks with head of China-led regional lender

Finance Minister Kim Dong-yeon held talks on Thursday with Jin Liqun, president of a Chinese-led regional lender, during which the two sides agreed to step up cooperation, officials said. The talks ...

Updated : 2017.06.15 21:59

[AIIB] Finance leaders welcome AIIB delegates

Lee Dong-geol, chairman and CEO of the Korea Development Bank I extend my warm congratulations to the 2017 Asian Infrastructure Investment Bank Annual Meeting to be held in Jeju from Friday to Sunda...

Updated : 2017.06.15 18:22

[Photo News] Online banking upgrade

ONLINE BANKING UPGRADE -- Citibank Korea CEO and Citi country officer Park Jin-hei (center) on Thursday speaks on a platform for internet banking services, poised to launch Monday. The unveiled banki...

Updated : 2017.06.15 17:53

Fed hike dents Korean stock markets

South Korea’s stock markets dipped Thursday after the US Federal Reserve on Wednesday decided to raise its benchmark interest rate by 0.25 percent and shrink its balance sheet. The benchmark indexe...

Updated : 2017.06.15 17:52

K bank meets annual goal in deposits

K bank has drawn 520 billion won ($463.1 million) in deposits in total within less than three months since its launch, surpassing its annual goal, according to news reports Thursday. K bank, South K...

Updated : 2017.06.15 17:49

Seoul stocks end lower after US Fed rate hike

South Korean stocks finished lower Thursday as institutional investors dumped major large cap shares to lock in recent gains, following the US rate hike, analysts said. The Korean won lost ground aga...

Updated : 2017.06.15 16:44

Asian countries show high receptivity to smart payment

South Korea, China and Southeast Asian countries appear to be open to adopting new ways of payment involving devices such as smartphones, wearables and other connected devices for greater convenience...

Updated : 2017.06.15 15:31

[Herald Interview] AIIB chief puts quality ahead of quantity in projects

The Asian Infrastructure Investment Bank, a China-backed multilateral development bank, aims to put the quality of projects ahead of quantity, the bank’s head said. Since launching with 57 signator...

Updated : 2017.06.15 14:45

Seoul shares down in late morning on tech losses

South Korean stocks traded lower late Wednesday morning as institutions offloaded large-cap tech stocks in an apparent move to lock in profits, analysts said. The benchmark Korea Composite Stock Pri...

Updated : 2017.06.15 14:39

Banks' foreign currency deposits rises in May

Foreign currency deposits held by banks operating in South Korea rose in May as exporters increased their deposits of dollar-denominated earnings, central bank data showed Thursday. Outstanding fore...

Updated : 2017.06.15 14:04

Seoul shares open tad higher on tech shares

South Korean stocks opened mildly higher Thursday, largely helped by bullish tech large caps, analysts said. The benchmark Korea Composite Stock Price Index inched up 1.05 points, or 0.04 percent, t...

Updated : 2017.06.15 09:29