The Korea Herald

Overseas stock transactions hit all-time high amid meme stock fad

MarketsSept 22, 2021

South Koreans’ transactions of foreign shares reached a new high in 2021 as retail investors rushed to trade meme stocks, data showed Wednesday. Domestic investors’ trading of overseas shares was va...
[Feature] How fans are turning favorite K-pop songs into investments

MarketsSept 21, 2021

For instance, Music Cow, a platform for investing in K-pop songs, allows fans to buy shares to own partial copyrights to the song. There are two ways of investing in the song’s copyrights, according...
NPS exposure to Japanese ‘war crimes companies’ reaches W1.57tr: lawmaker

MoneySept 19, 2021

The National Pension Service, Korea‘s largest public pension scheme, has 1.57 trillion won ($1.33 billion) exposure to stocks of what was labeled as “war crimes companies” during the World War 2, dat...
FSS to appeal against court decision favoring Woori chairman

MoneySept 17, 2021

Financial watchdog defies court ruling to hold financial institutions responsible for failing to protect consumers
[Newsmaker] More than 30 crypto exchanges expected to announce shutdown on Friday

MarketsSept 17, 2021

Time ran out Friday for cryptocurrency exchanges to announce the closure of their services if they would not be operable after Sept. 24, marking a critical time that will decide the fate of many cryp...
Shinhan acquires stake in ICT solutions provider for online corporate banking platform

MoneySept 17, 2021

Shinhan Bank said Friday that it has acquired a minority stake in a local information and communication technology solutions and services provider to bolster its partnership for development of a new ...
Seoul stocks rebound ahead of Chuseok holiday

MarketsSept 17, 2021

South Korean stocks closed higher Friday ahead of a three-day holiday as investors weighed the pace of the economic recovery from the pandemic. The Korean won fell against the US dollar. The benchma...
S. Korea has larger classes, lower employment rates among college graduates than OECD averages: education ministry

EconomySept 17, 2021

South Korea has larger class sizes and lower employment rates among the highly educated than Organization for Economic Cooperation and Development (OECD) averages, the education ministry said Friday....
BOK provides less money ahead of Chuseok

MoneySept 17, 2021

The Bank of Korea (BOK) said Friday it has injected a smaller amount of bank notes into circulation this year than a year earlier ahead of the Chuseok fall harvest holiday as private consumption has ...
Stock trading soars 70.5% in 2020 amid investment craze

MarketsSept 17, 2021

Stock transactions in South Korea spiked more than 70 percent in 2020 amid an investment craze among retail investors, data showed Friday. The value of stock trading in Asia's fourth-largest economy...
Uncertainty lingers over private spending recovery: ministry

EconomySept 17, 2021

The South Korean economy is facing continued uncertainty about the recovery of domestic demand as the latest resurgence in COVID-19 cases is denting person-to-person service sectors, the finance mini...
Seoul stocks open lower as investors test waters

MarketsSept 17, 2021

South Korean stocks opened lower Friday ahead of the holiday as investors weigh the pace of an economic recovery from the pandemic. The benchmark Korea Composite Stock Price Index (Kospi) fell 14.08...
OK Savings Bank’s ‘Pak Se-ri tournament’ to kick-off Friday

MoneySept 16, 2021

Female golfers will gather Friday to play in a Korea Ladies Professional Golf Association tournament hosted by OK Savings Bank, which returned this year after being canceled in 2020 due to the COVID-...
[Market Eye] Hyundai Motor’s succession plan a headache to Hyundai Card

MarketsSept 16, 2021

Should Hyundai Card leave Hyundai Motor, card issuer likely to face increased debt financing costs, experts say
KB-Shinhan green fund to finance renewable energy project in Sweden

MoneySept 16, 2021

A green fund jointly invested in by two South Korean banking giants -- KB and Shinhan-- will partly finance a renewable energy project in Sweden, officials said Thursday. The financial holding firms...