The Korea Herald

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. ...
Seoul-based PEFs likely to acquire Lotte’s financial arms

MarketsMay 3, 2019

Two Seoul-based private equity firms have been selected as the most preferred bidders for the respective acquisition of South Korean-Japanese conglomerate Lotte Group’s nonbanking financial arms Lott...
Korean banks’ household lending growth picks up speed in April

MarketsMay 3, 2019

Household loans given out by South Korean banks grew at the fastest rate since the start of the year last month, industry data showed Friday, indicating possible signs of worsening economic condition...
[Photo News] Heading for Myanmar

MarketsMay 2, 2019
ASEAN+3 sets base for more local currency swaps to strengthen regional support

EconomyMay 2, 2019

The finance chiefs of 13 Asian countries, including South Korea, on Thursday agreed on a preliminary framework to strengthen regional currency swap agreements, with aims to avoid overreliance on the ...
Korean won performs worst among major currencies against US dollar

EconomyMay 1, 2019

Among major currencies, the South Korean won suffered the steepest monthly decline against the US dollar, reports showed Wednesday, due to the latest trend of a persistently strong greenback. The wo...
S. Korea’s exports slip 2% in April amid chip, China factors

EconomyMay 1, 2019

Weak demand and depreciation of chips pull down exports, minister calls for swift execution of supplementary budget
Mirae Asset Daewoo issues world’s first 3-year SRI bond

MarketsMay 1, 2019

South Korean brokerage firm Mirae Asset Daewoo has simultaneously issued a three-year dollar-denominated, socially responsible investment bond and five-year senior notes, the firm said Tuesday. This...
S. Korea's exports down 2% in April

EconomyMay 1, 2019

South Korea's exports dropped 2 percent in April from a year earlier, extending their on-year fall for the fifth consecutive month, government data showed Wednesday. Outbound shipments came to $48.8...
WeWork files confidentially to hold initial public offering

MarketsApr 30, 2019

WeWork, the world’s biggest co-working company, is planning to go public, joining a wave of highly valued technology startups moving to the U.S. markets. The New York-based company said Monday it fi...
FSS’ revival of comprehensive inspection of financial firms prompts concerns

MarketsApr 30, 2019

South Korea’s financial regulator will take initial steps in reviving the comprehensive inspection of financial firms within the next few weeks after four years, prompting concerns the practice may k...
Korea kick-starts ‘innovative finance’ body, pledging W225tr in investment

MarketsApr 30, 2019

South Korea’s special task force for “innovative finance” kicked off its first meeting Tuesday, with the participating government ministries and finance corporations pledging some 225 trillion won ($...
S. Korea’s production, consumption, investment all rise in March

EconomyApr 30, 2019

Key industrial figures see on-month rise in March on February base effect
MBK teams up with Woori Financial in bid for Lotte Card

MarketsApr 29, 2019

Private equity firm MBK Partners has teamed up with Woori Financial Group Inc., a major financial holding firm, in its bid to buy a majority stake in Lotte Card Co., an industry source said Monday. ...