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Koscom acquires HSBC-owned IT asset management businessMarketsAug 26, 2020South Korean firm Koscom disclosed Wednesday that it plans to acquire HSBC Fund Services Korea, to dive into the asset management sector. After a year of preparation for the takeover, the company ha... -
Hedge fund sells off stake in local builder Taeyoung E&CMoneyAug 26, 2020South Korean hedge fund Must Asset Management is moving to divest its stake in domestic builder Taeyoung Engineering & Construction, a month after it declared an end to its shareholder engagement, ac... -
Seoul stocks close nearly flat on virus resurgenceMarketsAug 26, 2020South Korean shares closed nearly flat on Wednesday, as investor sentiment was spooked by increasing new COVID-19 cases in the country. The Korean won fell against the US dollar. The benchmark Korea... -
Kakao Games aims to raise up to W384b on stock market debutMarketsAug 26, 2020Kakao Games, the gaming arm of local mobile messenger giant Kakao, said Wednesday it was looking to raise as much as 384 billion won ($298 million) in its initial public offering on the nation’s tech... -
S. Korea, Indonesia eye broader ties to overcome pandemic falloutEconomyAug 26, 2020South Korea and Indonesia on Wednesday agreed to expand their economic ties to overcome the economic fallout from the new coronavirus pandemic. Trade officials from Seoul and Jakarta held a two-day ... -
Apartment prices in Seoul show signs of stabilizing: finance ministerEconomyAug 26, 2020Apartment prices in Seoul have shown signs of stabilizing since the government unveiled a set of measures to cool prices and supply more homes, Finance Minister Hong Nam-ki said Wednesday. Hong also... -
Seoul stocks open tad higher on Wall Street gainsMarketsAug 26, 2020South Korean shares opened slightly higher Wednesday on overnight tech gains on Wall Street, despite concerns over the recent surge in new coronavirus outbreaks. The benchmark Korea Composite Stock ... -
Homegrown walk-thru virus testing booth patentedMarketsAug 25, 2020South Korea’s patent office, the Korea Intellectual Property Office, said Tuesday that it has completed registration of the nation’s first patent for a booth that enables people to get tested for the... -
![[Green & New] Time for action on ‘Green New Deal’: EU envoy](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/08/25/20200825000683_0.jpg)
[Green & New] Time for action on ‘Green New Deal’: EU envoyEconomyAug 25, 2020The Korea Herald is publishing a series of articles to address the Moon Jae-in administration’s “Green New Deal” policy, one of the key pillars of the so-called “Korean New Deal” economic stimulus pa... -
Seoul stocks up for 3rd session on vaccine hopesMarketsAug 25, 2020South Korean shares extended gains to a third session on Friday, as optimism for new coronavirus vaccines fueled hopes of an economic rebound. The Korean won rose against the US dollar. The benchmar... -
Asset management firms’ net profits soar 46% in Q2MarketsAug 25, 2020The combined net profits of asset management firms in South Korea jumped 46 percent on-year during the April-June period this year amid the local stock market’s sharp rebound, data showed Tuesday. T... -
Consumer sentiment improves, pessimism over housing market remains in AugustEconomyAug 25, 2020South Korea’s consumer sentiment rose for the fourth consecutive month in August, boosted by optimism for economic improvement, but doubts that recent measures will cool the heated real estate market... -
![[M&A Weekly] Toshiba, Carlyle manage to exit failing Korean equity investment](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/08/25/20200825000592_0.jpg)
[M&A Weekly] Toshiba, Carlyle manage to exit failing Korean equity investmentMoneyAug 25, 2020Foreign investors in two Korean companies -- Unison and Yakjin Trading -- managed to sell their stakes earlier this week, but only at significant losses, disclosures showed Tuesday. The sale price w... -
Korean investors join IFC-led financing package for infra projects in APAC during fiscal year 2020MoneyAug 25, 2020Korean investors have partly invested in a $650 million financing package for two infrastructure projects in Asia-Pacific countries during its fiscal year from July 2019 to June 2020, International F... -
Seoul stocks open higher on vaccine hopesMarketsAug 25, 2020South Korean shares opened higher Tuesday, as optimism for new coronavirus vaccines fueled hopes of an economic rebound in the financial markets. The benchmark Korea Composite Stock Price Index (KOS...
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