The Korea Herald

S. Korea develops ASF test kits

EconomyMay 19, 2020

South Korea said Tuesday it has developed a new test kit for the African swine fever (ASF) that can pave the way for the country to speed up its battle against the fatal animal disease and reduce its...
Global TV market sinks 16% in Q1 on virus impact

EconomyMay 19, 2020

The global TV market shrank nearly 16 percent in the first quarter of the year due to the coronavirus pandemic, with only South Korean makers reporting slight growth, a market tracker said Tuesday. ...
Seoul stocks open sharply higher on hopes of virus vaccine

MarketsMay 19, 2020

South Korean shares opened sharply higher Tuesday, tracking overnight gains on Wall Street that followed reports of positive results from a vaccine development test. The benchmark Korea Composite St...
[Herald Interview] ‘Long-term views are critical to survive crisis like coronavirus’

MarketsMay 18, 2020

Mirae Asset Venture Capital gauges right timing to exit some of its portfolio companies in H2
Warren Buffett’s stock unload dampens outlook for S. Korean banks

MarketsMay 18, 2020

South Korea’s major financial groups and their flagship lenders are projected to exhibit weaker performances this year, analysts said Monday, as they were rattled by Warren Buffett’s recent offloadin...
Gold prices hit record high on escalating US-China tension

MarketsMay 18, 2020

Gold prices rose to a record high on Monday as investors sought to park their money in safer destinations amid the COVID-19 pandemic and renewed tensions between the US and China, data showed. Accor...
Banking groups add momentum to digital financing amid coronavirus fallout

MoneyMay 18, 2020

Among regional financial institutions, JB Financial Group -- the holding group of Jeonbuk and Kwangju banks -- has launched Digital Community, a study group for leader-level employees to analyze digi...
Seoul stocks close higher on hopes of global stimulus

MarketsMay 18, 2020

South Korean stocks closed higher Monday on hopes of global stimulus measures and rising oil prices. The local currency fell against the US dollar amid a renewed trade dispute between the United Sta...
S. Korea to provide $53m to Latin America in coronavirus-related ODA

EconomyMay 18, 2020

Finance Ministry set to promote ‘K-quarantine’ model globally
NH Investment joins consortium to acquire stake in UAE’s natural gas pipeline

MarketsMay 18, 2020

NH Investment & Securities, the brokerage unit of South Korea’s NongHyup Financial Group, has joined a consortium to acquire a stake in the United Arab Emirates’ state-owned Abu Dhabi National Oil Co...
Offline applications begin for virus relief fund

EconomyMay 18, 2020

The application process for the government's emergency fund to ease economic pain from the novel coronavirus became available offline Monday morning. Applicants can now visit community service cente...
Food makers enjoy two-digit profit hike amid social distancing

EconomyMay 18, 2020

South Korean giant food manufacturers boasted two-digit profit growth in the first three months of this year on brisk demand for instant home meal products amid coronavirus-led social distancing, dat...
Illicit stock trading soars in 2019 amid uncertainties

MarketsMay 18, 2020

Incidents of suspected illicit stock trading soared last year, reflecting the rampant amount of false and exaggerated information in the market amid uncertainties, the Korea Exchange said Sunday. Th...
S. Korean shares open lower on tech, auto losses

MarketsMay 18, 2020

South Korean stocks opened slightly lower Monday with major techs and autos suffering heavy losses. The benchmark Korea Composite Stock Price Index (KOSPI) shed 3.86 points, or 0.20 percent, to 1,92...
Authorities slash subsidies for foreign banks over ‘passive’ approach toward low-rate lending program

EconomyMay 17, 2020

South Korea’s financial authorities have slashed government subsidies for foreign banks that they view as “passive” toward the need to support small businesses hit by COVID-19, officials said Sunday....