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Brokerages’ income rises, stability declinesMarketsAug 27, 2018South Korea’s securities brokerage houses reported a combined 2.7 trillion won ($2.4 billion) in net profit in the first half of this year, up 40.7 percent on-year, preliminary data showed Monday. T... -
![[Newsmaker] ‘Kim-Jang’ feud winds down, uncertainties remain](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2018/08/26/20180826000222_0.jpg)
[Newsmaker] ‘Kim-Jang’ feud winds down, uncertainties remainEconomyAug 26, 2018Blue House denies rumors of finance minister’s resignation -
Commercial banks’ overseas profit likely to hit record this yearMarketsAug 26, 2018The Korea Federation of Banks on Sunday expressed hopes for local commercial banks’ annual offshore net income from financial branch network operations and investments to mark a record this year. In... -
Costco to end contract with Samsung Card, partner with Hyundai CardMarketsAug 26, 2018Costco Wholesale Korea, the South Korean unit of the US wholesaler, has chosen Hyundai Card as its partner starting next year, according to the Korean card firm Friday. Following Costco’s single-net... -
Over 100,000 vendors use Cashnote to manage card incomeMarketsAug 26, 2018The number of vendors that use the card income management system Cashnote topped 100,000 as of Friday, according to the service provider, financial technology startup Korea Credit Data, Sunday. Cash... -
GS to invest W20tr, hire 21,000 over next 5 yearsEconomyAug 26, 2018Over the next five years South Korea’s chemical and energy giant GS Group will invest 20 trillion won (about $18 billion) and create 21,000 new jobs to promote growth and market competitiveness, comp... -
Seoul mayor backtracks on city renovation plansEconomyAug 26, 2018Seoul Mayor Park Won-soon said Sunday that a plan to renovate two commercial districts in the metropolitan city will be postponed, citing fears on the real estate market that has seen a rise since th... -
KOSPI to move in tight range next week amid lack of momentumMarketsAug 25, 2018South Korean shares are expected to move in a tight range next week amid a lack of clear cut momentum and investors' cautious stance on the ongoing trade dispute between the United States and China, ... -
BOK expected to hold key rate unchanged for August: Moody'sEconomyAug 25, 2018The Bank of Korea will likely maintain its policy rate at the current 1.5 percent next week as Asia's fourth-largest economy is struggling with sluggish employment and global trade disputes, a market... -
Goldman sells new London HQ to Korean pension fundMarketsAug 23, 2018Goldman Sachs has sold his new European headquarters, opening next year in London, to South Korea's National Pension Service for $1.5 billion, the US investment bank has said. Goldman added in a sta... -
AEBS students pick KB as operator of exemplary cultural spaceMarketsAug 23, 2018Students from the Asia Elite Business Scholars group recently visited a bank branch renovated into a cultural space in Seoul run by South Korea’s KB Kookmin Bank. Located in Hongdae in western Seoul... -
‘Largest’ job-focused budget to be proposed for next yearEconomyAug 23, 2018The South Korean government and ruling party on Thursday agreed to propose what they called “the largest-ever” job creation-focused budget for next year, gesturing to spend more funds into supporting... -
NongHyup Bank acquires Cambodian microfinance institutionMarketsAug 22, 2018Seoul-based NongHyup Bank said Wednesday it gained regulatory approval Friday for operation of the Cambodian microfinance institution Samic that Nonghyup acquired in July. The Phnom Penh-based insti... -
![[Advertorial] Citibank Korea boosts global bank’s presence in Asia](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2018/08/22/20180822000795_0.jpg)
[Advertorial] Citibank Korea boosts global bank’s presence in AsiaMarketsAug 22, 2018Citibank has been picked as the “best in corporate trust” for three consecutive years by a Hong Kong financial magazine, with its boosted performances in South Korea and other major countries in the ... -
Shinhan gears up for ING Life takeoverMarketsAug 22, 2018Shinhan Financial Group is gearing up to raise 400 billion won ($357.5 million) through debt funding in its move to take over ING Life Insurance Korea. If Shinhan manages to raise the capital throug...
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