The Korea Herald

S. Korea pays 2nd highest dismissal costs among OECD nations

EconomyApr 9, 2019

South Korea ranked second among 36 OECD member countries in terms of the cost of dismissing workers last year, a local think tank said Tuesday. In 2018, Korean companies shouldered the second-highes...
Hanjin chairman’s death exposes cruel effects of owner risk on stocks

MarketsApr 8, 2019

Stock prices of South Korea’s flagship carrier Korean Air and Hanjin KAL soared Monday, buoyed with grave irony by the news of Chairman Cho Yang-ho’s death earlier in the day. Analysts are seeing th...
Woori Financial inks 1st M&A as holding company

MarketsApr 8, 2019

Woori Financial Group said Monday it has closed a deal to acquire Tongyang Asset Management and ABL Global Asset Management, marking its first acquisition deal since the group’s adoption of a holding...
S. Korea’s firms see exports drop, banks enjoy earnings boost in 2018

EconomyApr 7, 2019

South Korea’s major companies saw their exports drop last year, amid sluggish global growth and US-China trade tension, but banks enjoyed record-high revenue on the back of interest earnings, data sh...
Entertainment stocks send rebound signals amid return of star singers

MarketsApr 7, 2019

Return of Blackpink, Twice to help K-pop stocks rebound
S. Korean shares end higher on trade deal hopes

MarketsApr 5, 2019

South Korean shares ended higher Friday, with investors expecting a US-China trade deal. The won fell against the dollar. The benchmark KOSPI rose 3.08 points, or 0.14 percent, to close at 2,209.61...
Korea’s financial supervisor stresses ‘inclusive finance’ and ‘responsible innovation’ in age of fintech

MarketsApr 5, 2019

The chief of South Korea’s financial supervisory body on Friday stressed “inclusive finance” and “responsible innovation” as the key drivers of its regulatory oversight this year as the country prepa...
KVIC sees record profit amid venture boom

MarketsApr 5, 2019

As South Korea’s venture investment hit a record high last year, Korea Venture Investment, South Korea’s fund of funds management institute, saw a jump in revenue growth, data from the Financial Supe...
[News Focus] Inside the ‘excessive dividends’ controversy plaguing foreign banks in Korea

MarketsApr 4, 2019

Standard Chartered Bank Korea, Citibank Korea once again under fire as dividends exceed net profit
Toss Card launched in Korea for online, offline purchases

MarketsApr 4, 2019

Viva Republica, operator of South Korea’s leading mobile payment and finance platform Toss, on Thursday announced the launch of Toss Card for both offline and online use. The Toss Card connects to ...
Govt to submit extra budget bill to curb fine dust, sluggish market

EconomyApr 3, 2019

Finance minister says budget volume likely to remain under W9tr
Global tensions to force trade slowdown in 2019: WTO

EconomyApr 2, 2019

GENEVA -- Global trade growth is expected to be lower in 2019 than it was last year, the World Trade Organization forecast on Tuesday, citing widespread “tensions” and economic uncertainty. The WTO ...
S. Korea nears top among APEC states in use of digital finance

MarketsApr 2, 2019

South Korea was No. 1 among states in the Asia-Pacific region in the utilization of digital finance such as online shopping and internet banking, data showed Tuesday. But it also showed a sharp digi...
Korean branches of foreign banks see 27% hike in 2018 net profit

MarketsApr 2, 2019

The South Korean branches of foreign banks here saw their net profit last year grow 27.4 percent from the previous year, on the back of robust interest income, according to tracking data from the Fin...
S. Korea's consumer price growth hits nearly 20-year low in March

EconomyApr 2, 2019

South Korea's consumer prices rose at the slowest pace in nearly 20 years in March on a drop in petrochemical products and a stabilization of prices of vegetables, government data showed Tuesday. Th...