The Korea Herald

[Herald Interview] From organizing portfolios to educating heirs: Total wealth management for the superrich

MarketsSept 6, 2020

Amid an increasing number of affluent people in Korea, Samsung Securities launches a multifamily office similar to Goldman Sachs, UBS
[Newsmaker] Big Hit CEO Bang Si-hyuk likely to hit jack pot with IPO

MarketsSept 6, 2020

The scheduled initial offering of Big Hit Entertainment, the label behind K-pop boy band BTS, is likely to make its CEO Bang Si-hyuk one of the wealthiest people in South Korea The Big Hit CEO is cu...
Some 40,000 retail traders come out empty-handed in Kakao Games IPO preorder

MarketsSept 6, 2020

Although mobile game publisher Kakao Games’ initial public offering subscription last week was the talk of the town in South Korea, some retail investors who took part in the preorder session did not...
Idle money in S. Korea surpasses W1,200tr mark

EconomySept 6, 2020

The volume of short-term floating capital in South Korea surpassed the 1,200 trillion won ($900 billion) mark, as the government seeks to funnel the liquidity into a 20 trillion fund tied to the Kore...
Finance minister expresses concerns over COVID-19, economic impact in talks with Fitch

EconomySept 5, 2020

South Korea's top economic policymaker expressed concerns over the resurgence of the novel coronavirus in the country hurting growth and said efforts are under way to bolster the economy during an on...
Hypermarkets sell, shut stores amid COVID-19 fallout

MoneySept 4, 2020

South Korea‘s hypermarket chain operators are working quickly to sell their discount stores to improve their balance sheet, as fallout from the coronavirus deepens and the domestic retail industry’s ...
Seoul stocks dip more than 1% on Wall Street plunge

MarketsSept 4, 2020

The South Korean stock market dipped by more than 1 percent to snap a three-day winning streak on Friday as market heavyweights came under heavy selling pressure in line with a plunge on Wall Street....
Sign of an exit? Hahn & Co. moves to reduce Ssangyong Cement capital

MoneySept 4, 2020

Ssangyong Cement Industry has proposed reducing its equity capital to pursue higher dividend and enhance shareholder value. Market watchers say the move makes the case for a possible exit of South Ko...
S. Korea sets aside W170b for COVID-19 vaccine development next year

EconomySept 4, 2020

The Ministry of Economy and Finance said Friday it has assigned a budget of 170 billion won ($142.8 million) for 2021 to develop a homegrown vaccine against the novel coronavirus. Designed to suppor...
S. Korea to provide selective cash relief to small biz to cushion COVID-19 impact

EconomySept 4, 2020

South Korea on Friday said it will implement a second round of state emergency relief funds targeted at small business operators and beleaguered families most affected by an explosive surge in COVID-...
Seoul stocks open sharply lower on Wall Street plunge

MarketsSept 4, 2020

South Korean shares opened sharply lower Friday, taking a cue from an overnight plunge on Wall Street. The benchmark Korea Composite Stock Price Index (KOSPI) fell 39.52 points, or 1.65 percent, to ...
How to become a shareholder in BTS label Big Hit

MoneySept 3, 2020

The recent news that the music label behind K-pop sensation BTS was going public thrilled not only market watchers and investors but also the boy band’s fans around the globe, collectively known as “...
[Herald Interview] QuantaMatrix seeks October IPO for overseas entry

MarketsSept 3, 2020

Local microbial diagnostic solution developer plans to enter US, China, Europe, eyes W85.3b via listing
BTS impact spills over into Korean stock market

MarketsSept 3, 2020

Music label Big Hit gives out common shares worth W24b to seven-member boy band
Kyobo chief to chair 2024 Youth Olympic committee

MarketsSept 3, 2020

Shin Chang-jae, chairman of Kyobo Life Insurance, has been named the organizing chief for the Youth Olympic Games, a quadrennial global sports event that is to be held here in 2024, the company said ...