The Korea Herald

Seoul stocks shed over W12tr on coronavirus woes

MarketsFeb 23, 2020

Kospi’s ranking among G-20 dips to 13th from 6th
Seoul stocks extend losses late Friday morning on virus woes

MarketsFeb 21, 2020

South Korean stocks extended losses late Friday morning amid rising concerns over the fast spreading novel coronavirus in the country. The benchmark Korea Composite Stock Price Index (KOSPI) fell 25...
Korea's exports up 12.4% in first 20 days of February

EconomyFeb 21, 2020

South Korea's exports moved up 12.4 percent in the first 20 days of February, customs data showed Friday, led mostly by chips and auto parts. The country's outbound shipments reached $26.3 billion i...
S. Korea takes aim at Gyeonggi to curb housing prices

EconomyFeb 20, 2020

Gov’t tightens loan rules for expensive houses in Suwon, Anyang, Uiwang
[News Focus] Number of de facto jobless up 440,000 in 2 months

EconomyFeb 20, 2020

Compared with two months earlier, the number of de facto unemployed Koreans surged by 440,000 in January from 3.14 million in November. The extended jobless rate, which reflects the people who are u...
KCGI slams KAL owner family for losses, rules out heiress' return to management

MoneyFeb 20, 2020

Hanjin KAL refutes, alliance’s scheme of taking boardroom is arrangement for her return
Hyundai Capital eyes stake in vehicle leasing unit of German firm

MarketsFeb 20, 2020

South Korean auto financing firm Hyundai Capital said Thursday that it is in talks with German car rental giant Sixt SE to acquire a stake in the latter’s vehicle leasing unit, Sixt Leasing SE. The ...
IMM PE in talks to buy Kolmar Korea’s pharma operations, CMO

MoneyFeb 20, 2020

IMM Private Equity is conducting due diligence as it looks to buy some of the operations of cosmetics-to-pharmaceutical business group Kolmar Korea, according to Kolmar Korea on Thursday. The South ...
Vice finance minister briefs US investors, credit raters on Korean economy

EconomyFeb 20, 2020

Vice Finance Minister Kim Yong-beom briefed US investors and officials from credit rating firms in New York on South Korea’s economic situation and government policies, the Ministry of Economy and Fi...
Mirae Asset Daewoo’s overseas ETF wrap account sales surpass W100b

MarketsFeb 20, 2020

South Korean brokerage firm Mirae Asset Daewoo said Thursday its wrap account attracted a record net inflow of 100 billion won ($83.4 million). The fund is the first in Korea to surpass the mileston...
S. Korea's trade with Vietnam up 16.5% annually since FTA

EconomyFeb 20, 2020

South Korea's trade with Vietnam has expanded 16.5 percent annually since the two countries implemented a free trade agreement in 2015, data showed Thursday. The combined trade volume between the tw...
S. Korea goes all-out to boost exports amid new coronavirus spread

EconomyFeb 20, 2020

SEJONG -- South Korea said Thursday it plans to utilize all necessary measures to help local firms weather the economic fallout from the new coronavirus. In January, South Korea's exports fell 6.1 p...
Watchdog chief says he feels sorry over Lime fiasco

MarketsFeb 20, 2020

The head of South Korea's financial watchdog said Thursday he feels sorry for the controversy surrounding the suspension of fund redemption by the country's largest hedge fund Lime Asset Management C...
Refiners, chemical firms feared to take further hit from virus

EconomyFeb 20, 2020

The new coronavirus outbreak is expected to deal a fresh blow to South Korean oil refiners and chemical makers already reeling from worsening profits, industry sources said Thursday. The pessimistic...
S. Korea's economic growth nearly halves in past 2 decades

EconomyFeb 20, 2020

South Korea's economic growth rate has nearly halved in the past two decades due to low productivity and regulations, a local think tank said Thursday. South Korea's economy grew an average of 5 per...