The Korea Herald

Watchdogs mull stricter short selling regulations

EconomyMar 2, 2020

Amid foreign investors’ massive short sales, need for stricter rule raised; FSS, FSC differ in views
Seoul stocks open up on technical rebound, Fed comment

MarketsMar 2, 2020

Seoul stocks opened higher on Monday on a technical rebound and comments by the Federal Reserve chairman on a possible rate cut to reassure the markets hit by the spreading coronavirus outbreak. The...
Credit card transactions dip amid coronavirus crisis

MarketsMar 1, 2020

Credit card transactions nearly halved last month as the fast-spreading COVID-19 fears dampened consumer sentiment, according to latest data Sunday. The overall credit card payments from Feb. 1-23 s...
Cashier-less tech on the rise

MarketsMar 1, 2020

BC Card’s experiment of contactless payment system for autonomous convenient store draws market attention
[News Focus] Korean won loses ground to major currencies

EconomyMar 1, 2020

Capital market reflects President Moon’s coronavirus policy
KDB picks 2 external partners to back W120b for supply chain autonomy

MoneyFeb 28, 2020

State-run Korea Development Bank said Friday it had chosen two external partners to operate funds with a combined 120 billion won ($99.2 million) of public money to support South Korea’s drive for su...
Seoul stocks crumble on coronavirus-fueled selling spree

MarketsFeb 28, 2020

Analysts say extra fiscal budget positive, but market reaction cloudy
Hanwha Asset to raise W510b capital in cross-border push

MoneyFeb 28, 2020

Hanwha Asset Management said Friday it planned to raise 510 billion won ($421.7 million) capital from its parent Hanwha Life Insurance, which would bring its total capital to over 700 billion won -- ...
Korean IPOs in February defy coronavirus fears

MoneyFeb 28, 2020

The initial public offerings of South Korean firms in February were largely successful, despite the impact of the new coronavirus on the domestic stock market. This month through Friday, five compan...
Economic indexes for Feb. to plunge amid coronavirus outbreak

EconomyFeb 28, 2020

South Korea’s economic indexes for February could plunge drastically, taking the full impact of the coronavirus outbreak, the government said Friday. “The fast-spreading COVID-19 is increasingly wei...
NTS to capture mask filter manufacturers with illegal profiteering amid virus outbreak

EconomyFeb 28, 2020

South Korea’s tax agency said Friday that it had begun inspections of mask filter manufacturing companies to prevent illegal profiteering amid the new coronavirus outbreak. The National Tax Service ...
MMAA selects 8 external partners to back W130b

MoneyFeb 28, 2020

The Military Mutual Aid Association said Friday it has selected eight South Korean external partners dedicated to investment in private equities and venture capital to back a combined 130 billion won...
Yeouido on guard after COVID-19 case confirmed at Eximbank

MarketsFeb 28, 2020

IFC Seoul Mall also shuts down for quarantine
Rate cut predicted in April due to virus fallout: analysts

EconomyFeb 28, 2020

South Korea's central bank is likely to cut the policy rate in April amid concerns that the spreading novel coronavirus outbreak will hurt Asia's fourth-largest economy, analysts here said Friday. T...
Banks' lending rates slightly drop in Jan.

EconomyFeb 28, 2020

Lending rates on fresh loans extended by banks in South Korea dropped slightly from a month earlier in January, central bank data showed Friday. The average interest rate on all new bank loans came ...