The Korea Herald

Hit by COVID-19 fears, Seoul stocks plunge

MarketsFeb 24, 2020

Gold prices soar for sixth consecutive session as investors eye low-risk assets
Company K Partners launches W124b later-stage venture fund

MoneyFeb 24, 2020

South Korean venture capital firm Company K Partners said Monday it has launched a 124 billion won ($101.7 million) vehicle that targets startups at the later stage of growth, bringing its assets und...
LH plans projects worth W20.5tr to stimulate economy

MoneyFeb 24, 2020

State-run Korea Land & Housing said Monday it plans to place a series of housing and land development project orders worth 20.5 trillion won ($16.8 billion) across the peninsula this year, in order t...
S. Korea to take ‘special actions’ to counter COVID-19 impact on economy

EconomyFeb 24, 2020

The government said Monday it would soon announce “special actions” to deal with the economic impact of the coronavirus outbreak, defining the current situation as an “economic emergency.” It added ...
Special unit launched to probe illegal real estate brokers

EconomyFeb 24, 2020

South Korea’s Ministry of Land, Infrastructure and Transport said Monday that it has launched a squad with investigative powers to effectively crack down on illegal or unfair practices in the real es...
Investors in troubled Lime Asset lose over W634b

MoneyFeb 24, 2020

Troubled hedge fund Lime Asset Management on Monday confirmed total investor losses of 634.1 billion won ($520.3 million) from 173 feeder funds, which were injected in two of its master funds, Pluto ...
JR AMC gets green light for Korea’s 1st cross-border REIT listing

MoneyFeb 24, 2020

South Korean real estate investment firm JR Asset Management (JR AMC) said Monday that it had obtained government approval for the initial public offering of its real estate investment trust, which i...
Korean economy tipped to grow below 2% on virus

EconomyFeb 24, 2020

Major foreign investment banks (IBs) and economic institutes have forecast South Korea's economic growth to be below 2 percent in 2020 due to the fallout of the fast-spreading novel coronavirus. Acc...
Shinhan Bank closes branch on confirmed COVID-19 case

MarketsFeb 23, 2020

Shinhan Bank said Sunday that it is temporarily shutting down its branch at the Seongnam Industrial Complex Financial Center, Gyeonggi Province, after one of its employees tested positive for COVID-1...
Homeplus unionists, MBK lock horns over asset disposal, dividend payout

MoneyFeb 23, 2020

The labor-management feud at South Korea’s hypermarket chain operator Homeplus escalated Sunday, with union members accusing its majority shareholder MBK Partners of profiteering at the expense of th...
Hyundai Capital Bank Europe inks deal to control German lender

MoneyFeb 23, 2020

Hyundai Capital said Sunday that its German subsidiary has become the largest shareholder in a local lender, in an extended move to enhance the group’s mobility strategy. Hyundai Capital Bank Europe...
[Herald Interview] Booming business at fabric maker amid soaring demand for masks

MarketsFeb 23, 2020

Local fabric maker E&H in full swing amid rising COVID 19 cases, seeks Kosdaq debut in H2
Early-stage VC Bass Investment closes new W37.7b vehicle

MoneyFeb 23, 2020

South Korea’s early-stage venture capital house Bass Investment said it had closed its second fund worth 37.7 billion won ($31.1 million) last week, in the latest addition to its initial 28.6 billion...
Deepening COVID-19 crisis triggers rate cut speculations

EconomyFeb 23, 2020

Some observers cite rate cut as inevitable action amid economic fallout
Coronavirus outbreak shakes up retail, realty markets in Korea

MarketsFeb 23, 2020

The COVID-19 outbreak is likely to deliver a severe blow to the South Korean economy, especially in the retail sector and real estate investments, according to global real estate service provider Cus...