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Middle-aged consumers emerge as major digital content subscribersMarketsMay 25, 2020Subscription-based streaming services and e-books are no longer the preserve of the tech-savvy younger generation. People in their 50s and 60s are fast becoming a major consumer base in the digital ... -
Acleda Bank lists on KRX-invested Cambodian stock exchangeMarketsMay 25, 2020Acleda Bank, the biggest commercial bank in Cambodia, said Monday it was listed on the Cambodia Securities Exchange in which the Korea Exchange (KRX) has invested. The Cambodian bank had assets of $... -
IBK fined $86m in US over mishandling anti-money laundering programMoneyMay 25, 2020State-run lender Industrial Bank of Korea and its New York branch have been fined $86 million by the Attorney General’s Office for allegedly failing to manage their anti-money laundering program, doc... -
Seoul stocks close higher on hopes of economic stimulusMarketsMay 25, 2020South Korean shares closed sharply higher Monday on hopes of massive economic stimulus steps sought by the local government. The Korean won fell against the US dollar amid the growing tension between... -
Savings banks’ Q1 net profit up 20% on increased interest incomeEconomyMay 25, 2020South Korean savings banks reported a 19.4 percent rise in their combined net profit in the first quarter due to increased interest income, data showed Monday. The combined net income of the 79 savi... -
BOK's rate cut in the offing, but 'when' still being debatedEconomyMay 25, 2020The Bank of Korea (BOK) will be prodded to further slash its key rate to support the virus-stricken economy, experts said Monday, but when it will push down the base rate to an unknown territory rema... -
NH-Amundi names new CMOMarketsMay 25, 2020Seoul-based NH-Amundi Asset Management on Monday named Kim Seung-ho as its new chief marketing officer. Kim was formerly headed the fund management unit at NongHyup Bank. He will serve a one-year te... -
KB Asset launches fund to invest in US blue chipsMoneyMay 25, 2020Seoul-based KB Asset Management said Monday it has launched a fund that targets blue chips listed in the US stock exchanges. The open-ended fund is raising funds from South Korean retail investors a... -
BOK tipped to cut key rate this week: pollEconomyMay 25, 2020The Bank of Korea (BOK) is widely forecast to trim its policy rate this week amid the growing economic fallout from the new coronavirus outbreak, a poll showed Monday. Twelve out of 18 analysts surv...
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Seoul stocks open higher on vaccine hopesMarketsMay 25, 2020South Korean shares opened higher Monday on hopes of a new coronavirus vaccine. The benchmark Korea Composite Stock Price Index (KOSPI) rose 6.16 points, or 0.31 percent, to 1,976.29 in the first 15... -
FSC allows online account switching between 1st, 2nd-tier banksMoneyMay 24, 2020South Korea’s financial regulator said Sunday it will allow customers to swap their online bank accounts among first- and second-tier financial institutions for handling monthly payments. Starting T... -
![[Market Close-up] COVID-19 accelerates shift in South Korea’s stock market landscape](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/05/24/20200524000203_0.jpg)
[Market Close-up] COVID-19 accelerates shift in South Korea’s stock market landscapeMarketsMay 24, 2020Market value of mobile messenger giant Kakao surpasses Hyundai Motor; Naver, NcSoft also among top 10 -
COVID-19 pandemic hit low-income households harder in Q1EconomyMay 24, 2020Income gap between haves, have-nots widened as low-income brackets face job losses -
FSS warns of puffed-up promotion of offshore life insurance plansMarketsMay 24, 2020South Korea’s financial watchdog vowed Sunday to stamp out ill-advised sales promotion of offshore retirement plans through unauthorized online channels such as social media. The Financial Superviso... -
Hana Financial, Hahn & Co. agree to buy H-Line Shipping for W1.8trMoneyMay 24, 2020South Korea’s private equity house Hahn & Co. and Hana Financial Group have agreed to buy a 100 percent stake in H-Line Shipping, former dry bulk cargo arm of bankrupt carrier Hanjin Shipping, for 1....
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01Mysterious children’s illness with potential links to COVID-19 arrives in S. Korea
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03More students return to school in S. Korea
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S. Korea’s first suspected MIS-C cases coronavirus-negative: KCDC04
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05[Newsmaker] Man gets jail for breaking quarantine
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School reopening disrupted by spike in COVID-19 cases06
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07[News Focus] International air routes relaunch, but worries linger
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09[Newsmaker] tvN’s ‘The Ramyeonator’ may be slapped with KCSC warning
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