The Korea Herald

[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...
[News Focus] Convenience, tangible benefits propel prepaid cards to popularity in Korea

MarketsMay 12, 2019

While fintech firms’ prepaid cards are doing well now, skeptics question their sustainability
Despite jitters, bourse closes higher as China-US trade talks extend

MarketsMay 10, 2019

South Korean stock markets rebounded at Friday’s close, after the main bourse fell below 2,100 earlier in the day, reflecting market fluctuations caused by ups and downs in the trade confrontation be...
Uncertainties grow amid US-China trade talks: BOK chief

EconomyMay 10, 2019

The chief of South Korea’s central bank said Friday that uncertainties have grown concerning the prospects of trade talks between the United States and China, after US President Donald Trump warned o...
Chiefs of AIA, SK discuss ways to strengthen social value

MarketsMay 9, 2019

The chiefs of global insurance group AIA and South Korean telecom-to-chips conglomerate SK Group met in Seoul Thursday to discuss ways to cooperate in creating shared value and strengthening social v...
Korean markets tumble on US-China trade tensions

MarketsMay 9, 2019

South Korean markets were rattled Thursday, along with other markets in the region, after US President Donald Trump claimed that Beijing “broke the deal” in the ongoing trade talks with Washington. ...
Deputy PM urges swift passage of extra budget amid growing downside risks

EconomyMay 8, 2019

Fiscal chief puts pressure on opposition to end protest, cooperate in approving extra budget
Korean securities firms post strong Q1 earnings

MarketsMay 8, 2019

South Korean securities firms delivered strong first-quarter earnings this year by shifting their focus from equities to investment banking, principal investments and asset management services. This...
FSC rejects Anyband, leaving Toss, Kiwoom vying for internet-only bank license

MarketsMay 8, 2019

South Korea’s financial regulator has rejected one of three contenders seeking a license to operate a new internet-only bank here, making way for a two-way competition between two local finance power...
S. Korea's current account surplus narrows in March

EconomyMay 8, 2019

South Korea's monthly current account surplus narrowed in March from a year earlier amid slowing exports, central bank data showed Wednesday. The country's current account surplus came to $4.8 billi...
BOK board members skeptical over economic recovery in second half: minutes

EconomyMay 7, 2019

Some board members of the Bank of Korea expressed concerns that a much-coveted recovery in Asia's fourth-largest economy may not take place in the second half of the year, making it more difficult fo...
Ministry unveils final new town project to add 110,000 homes in Seoul area

EconomyMay 7, 2019

Large-scale residential complexes in Goyang, Bucheon to accommodate 58,000 households
Korea moves to ease crowdfunding, asset management regulations

MarketsMay 7, 2019

Under new bill, all SMEs permitted to engage in crowdfunding activities
Strong dollar fans fear of foreign capital outflow from Korean market

MarketsMay 6, 2019

With the Korean won extending its losing streak against the dollar, analysts voiced concerns on Monday that the prolonged trend may trigger an outflow of foreign capital from the local stock market. ...