The Korea Herald

S. Korean stocks likely to remain range-bound next week

MarketsMay 18, 2019

South Korean shares will likely continue facing downward pressure next week due to lingering effects of the trade dispute between the United States and China but largely remain range-bound, with some...
Lotte Card sale mired in uncertainty over investigation of Hahn & Co., labor union backlash

MarketsMay 17, 2019

The pending sale of Lotte Group’s credit card unit, Lotte Card, appears uncertain, as an executive of its preferred bidder, Hahn & Co., faces an investigation over alleged tax irregularities -- a dev...
Listed firms’ Q1 net dips on sluggish exports

MarketsMay 17, 2019

South Korean listed firms’ profits tumbled nearly 40 percent in the first quarter of the year due to weaker exports, data showed Friday. The combined net profit of 573 non-financial companies liste...
[News Focus] Will Hana’s win over Lone Star affect ISDS arbitration?

MarketsMay 16, 2019

Hana Financial Group’s latest win over Lone Star Funds over the purchase of KEB Hana Bank, formerly known as the Korea Exchange Bank, prevented the South Korean banking group from paying the US priva...
Moon urges more active fiscal policy for growth, welfare

EconomyMay 16, 2019

President Moon Jae-in called Thursday for an aggressive fiscal policy to cope effectively with a slew of "structural" problems in South Korea. He pointed out that Asia's fourth-largest economy is ri...
Jobless rate hits 19-year high in April, job creation slows

EconomyMay 15, 2019

South Korea’s job market prolonged its downswing in April, with unemployment reaching its highest point in 19 years, government data showed Wednesday. The increasing pace of job creation also slowed...
Hana Financial wins suit against Lone Star on KEB deal

MarketsMay 15, 2019

Hana Financial Group, one of South Korea’s four major banking groups, said Wednesday that it has won an international arbitration against US private equity fund Lone Star Funds over its purchase of K...
Jobless rate rises to 4.4% in April

EconomyMay 15, 2019

South Korea's jobless rate rose to 4.4 percent in April, government data showed Wednesday, in the latest sign of a weak job market amid an economic slowdown in Asia's fourth-largest economy. The une...
Samsung Pay marks W40tr in total transactions in Korea

MarketsMay 14, 2019

Samsung Pay, the mobile payment service operated by Samsung Electronics, has reached 40 trillion won ($33.7 billion) in accumulated transactions in South Korea, the company said Tuesday. Since its l...
S. Korean stocks rebound amid intensified US-China trade dispute

MarketsMay 14, 2019

South Korean stock markets rebounded slightly Tuesday after getting off to a weak start, amid signs of escalating tensions between the US and China in a trade war. The nation’s main bourse Kospi clo...
Korea’s finance-banking sector sets aside W584b toward digital transformation projects in 2019

MarketsMay 14, 2019

Technology is shaking up South Korea’s banking-finance industry, with players embracing digital transformation as a core part of their business strategy going forward. Reflecting this shift, 71 of...
Korea’s promissory note market projected to top W10tr

MarketsMay 13, 2019

The market size for promissory notes issued by South Korean investment banks is projected to reach 10 trillion won ($8.5 billion) this year, according to data released Monday, with securities firms s...
S. Korea to send rice to 4 countries facing famine

EconomyMay 13, 2019

South Korea will provide food aid to four countries in the Middle East and Africa currently reeling under famine, the Ministry of Agriculture, Food and Rural Affairs announced Friday. At a ceremonia...
[News Focus] Weak currency prompts fears of capital flight

EconomyMay 13, 2019

SEJONG -- The South Korean won has lost ground against “reserve currencies” such as the euro and the Japanese yen over the past month, in addition to the US dollar. The euro was worth 1,323.25 won a...
Buoyed by BTS, trade surplus of music-related sectors recovers to pre-2016 level

EconomyMay 12, 2019

South Korea’s balance of payments surplus for industries linked to K-pop businesses has recovered to levels seen before China’s 2016 ban on domestic cultural contents over soured diplomatic relations...