The Korea Herald

Corporate investments drop in 2016, led by top 3 conglomerates

Apr 4, 2017

Investments by the country's top 30 conglomerates by assets dropped 18 percent in 2016 from a year earlier, with the top three business groups leading the overall decline, a tally from a corporate tr...
Korean shares edge up on gains in tech shares

Apr 3, 2017

South Korean stocks finished slightly higher Monday helped by gains in information-technology stocks. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose ...
Korea’s first online-only bank starts business

Apr 3, 2017

K bank’s launch overshadowed by strict regulation on conglomerates’ ownership in banks
Mortgage loans edge up in March on increased home transactions

Apr 3, 2017

South Korea's mortgage loans edged up 0.05 percent in March from a month earlier on increased home transactions, bank data showed Monday. The accumulated mortgages rolled out by six major lenders --...
Korean shares up 0.26% in late morning trade

Apr 3, 2017

South Korean stocks extended gains late Monday morning helped by gains in information-technology stocks. The benchmark Korea Composite Stock Price Index rose 5.58 points, or 0.26 percent, to hit 2,1...
Korean shares open higher despite US losses

Apr 3, 2017

South Korean stocks opened higher Monday, despite losses on Wall Street late last week. The benchmark Korea Composite Stock Price Index gained 2.82 points, or 0.13 percent, to 2,163.05 in the first ...
[Kosdaq Star] Improved consumer sentiment, competitiveness to boost CJ O Shopping

Apr 2, 2017

This is the 38th in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. – Ed CJ O Shopping, a leading home-shopping channel in South Korea, is likely to benefit fr...
[Herald Interview] Teachers’ Pension eyeing infrastructure in Europe, Asia

Apr 2, 2017

Teachers’ Pension, South Korea’s second-largest retirement pension, is eyeing investment opportunities in infrastructure projects in Europe and Asia while targeting the fund’s annual yield at 4.2 per...
Guidelines eased on policy loans for low-income earners

Apr 2, 2017

South Korea's financial regulator said Sunday that it has eased guidelines on policy loans for low-income earners, allowing them to benefit from the government-backed micro-financing programs. Detai...
Commercial lenders pressured to accept Daewoo Shipbuilding debt rescheduling

Apr 2, 2017

Creditors of cash-hungry Daewoo Shipbuilding & Marine Engineering Co. are ratcheting up pressure on commercial lenders to accept a massive debt-for-equity swap, a three-year grace period on remaining...
Daily debit card spending in Korea up 15.2% in 2016

Mar 31, 2017

Daily debit card spending rose 15.2 percent in 2016 from a year earlier, central bank data showed Friday, in the latest sign of growing popularity of debit cards that offer tax benefits. Debit card ...
Seoul shares almost flat in late-morning trade

Mar 31, 2017

South Korean stocks traded nearly unchanged late Friday morning, as bearish tech stocks capped gains in foodmakers and oil refiners, analysts said. The benchmark Korea Composite Stock Price Index in...
Export-Import Bank of Korea suffers first loss in 2016

Mar 31, 2017

The Export-Import Bank of Korea, one of South Korea's state-run policy banks, suffered a net loss of 1.46 trillion won ($1.3 billion) last year, hit by higher provisions against its loans extended to...
KRX exports stock IT system to 8 nations

Mar 31, 2017

The South Korean stock market operator said Friday it has exported its advanced IT system for stock trading to Malaysia and seven other countries over the past decade, earning more than 80 billion wo...
Seoul shares open tad higher on steelmaker, auto gains

Mar 31, 2017

South Korean stocks opened slightly higher Friday, buoyed by strong blue chip steelmakers and automobiles, analysts said. The benchmark Korea Composite Stock Price Indexticked up 0.78 point, or 0.04...