The Korea Herald

'Banning cryptocurrency exchanges needs more consultations'

MarketsJan 12, 2018

Finance Minister Kim Dong-yeon said Friday that relevant ministries need to hold more consultations over the justice ministry's plan to ban cryptocurrency exchanges, but the government will continue ...
Woori Bank to partially restrict services during Lunar New Year holiday

MarketsJan 11, 2018

South Korea’s Woori Bank announced Wednesday a temporary restriction on use of its debit cards and other services for the Lunar New Year from Feb. 15 to Feb. 18, via its official homepage. The local...
Cryptocurrencies plunge upon Seoul’s ‘all-out ban’ warning

MarketsJan 11, 2018

Cryptocurrency markets at home and abroad responded quickly and radically Thursday on signals by South Korea’s Ministry of Justice that it would seek to shut down all exchanges for digital assets. I...
Korea unveils plans to prop up second-tier stock bourse

MarketsJan 11, 2018

KRX to release new composite stock market indexes, tax relief, funds to prop up Kosdaq
Korea’s crackdown on cryptocurrency sparks backlashes

MarketsJan 11, 2018

Blue House petition board overflowing with investors complaints
Chinese consumers pick safety as top priority for infant goods

EconomyJan 11, 2018

Product safety is the top priority for Chinese consumers of infant goods, a report said Thursday. The report by the Korea Trade-Investment Promotion Agency said South Korean companies need to focus ...
Moon vows chaebol reform, support for vulnerable groups

EconomyJan 10, 2018

President Moon Jae-in on Wednesday reiterated his pledge for conglomerate reform and vowed to protect socially vulnerable clusters from the possible aftermath of the increased minimum wage, underlini...
Korea faces key trade talks with G-2 economies

EconomyJan 10, 2018

South Korea is set to hold tough trade negotiations with the world’s two biggest economies -- the US and China -- this year while navigating rising protectionism around the globe. An early and smoot...
Regulators inspect virtual bank accounts for corporate customers

MarketsJan 10, 2018

South Korea’s financial regulators have inspected banks that have opened virtual accounts for corporate customers amid concerns that such accounts could be exploited as a loophole to attract new inve...
[Herald Interview] ‘Crypto crackdown to adapt to changing tides’

MarketsJan 10, 2018

Decentralized messenger app operator e-Chat warns all-out cryptocurrency ban may lead to flight of blockchain industry
Korea's jobless rate edges up in December

EconomyJan 10, 2018

South Korea's jobless rate rose slightly in December due to seasonal factors, government data showed Wednesday. The unemployment rate stood at 3.3 percent last month, up 0.1 percentage point from a ...
Korea targets 4% growth in exports

EconomyJan 8, 2018

Trade officials here expect Korea’s exports will grow 4 percent on-year in 2018. The target is modest compared to last year’s 15.8 percent growth but will still be challenging, as worsening conditio...
Top financial regulator calls on banks to ‘gate-keep’ cryptocurrency craze

MarketsJan 8, 2018

South Korea’s top financial regulator on Monday called on banks to act as “gatekeepers” in monitoring cryptocurrency-related transactions, elaborating on the need to set off a nationwide survey Monda...
Kakao Bank denies opening business to corporations

MarketsJan 8, 2018

Kakao Bank, South Korea‘s leading direct bank by transaction volume, denied news reports Monday that it is looking to turn to corporations to diversify its customer group, currently solely composed o...
Banks likely to tighten screening for household loans in Q1: BOK

MarketsJan 8, 2018

Banks in South Korea are likely to tighten their rules on household loans in the first quarter of this year amid a recent trend of rising interest rates, central bank data showed Monday. The overall...