The Korea Herald

S. Korean producer prices edge up in Jan.

EconomyFeb 20, 2020

South Korea's producer prices inched up in January from the prior month due to the increased cost of farm and fishery goods, central bank data showed Thursday. The producer price index for all commo...
Fiscal chief seeks to boost spending amid COVID-19 fallout

MoneyFeb 19, 2020

Minister urges people ‘eat out more’ to help struggling restaurants
COVID-19, Lime scandal pump brakes on stock rally

MarketsFeb 19, 2020

The COVID-19 virus entering a new phase here has put the brakes on local stock markets and the attempt for improved performance this year, along with the snowballing Lime Asset Management fiasco that...
Prosecutors raid Lime, Shinhan Investment in misselling probe

MoneyFeb 19, 2020

FSS says nearly half of troubled funds sold through commercial banks
Hahn & Co. to cash out W27.4b in sale of Ssangyong I&C

MoneyFeb 19, 2020

Itcen said the deal will open the doors to its business overseas as an IT solution provider. “(Itcen) will be able to leverage Ssangyong I&C’s brand power and human resources, and this would acceler...
S. Korea's IPOs up 22% in 2019

EconomyFeb 19, 2020

The value of South Korea's initial public offerings rose 22.8 percent in 2019 from a year earlier, data showed Wednesday. IPO proceeds came to 3.21 trillion won ($2.69 billion) last year, compared w...
Watchdog to probe investment firms, banks, brokerages over Lime scandal

MarketsFeb 18, 2020

Looking into a major hedge fund misselling fiasco involving Lime Asset Management, South Korea’s financial watchdog is likely to narrow its focus on three major vendors -- Shinhan Investment, Woori B...
[News Focus] Korea’s household debt surges 100% in a decade

EconomyFeb 18, 2020

Key rate still set at all-time low of 1.25% since Oct. 2019
Weak earnings, coronavirus fears weigh on Korean firms’ credit

MarketsFeb 18, 2020

Korean companies are facing imminent threats of credit downgrades, as they face a double whammy of weak 2019 earnings and novel coronavirus fears weighing on the global economy. Some of the firms ha...
On brighter chip prospects, market cap of Samsung up 10%

MarketsFeb 18, 2020

Only three groups with tech-related businesses see gains in market value; retailers suffer
Jeonbuk Bank’s Cambodian subsidiary posts record-high net profit in 2019

MoneyFeb 18, 2020

Jeonbuk Bank’s Cambodian subsidiary logged record-high annual net profit last year, marking it as one of the most successful Korean banks operating in the Southeast Asian country, the bank’s holding ...
KB Card launches debit card featuring Pengsoo

MoneyFeb 17, 2020

Credit card issuer KB Card said Monday that it has rolled out a debit card featuring Pengsoo, a popular penguin character. The newly launched card comes in two designs — one with Pengsoo saying “Pen...
Bithumb agrees partnership with Chinese peer BitMax

MoneyFeb 17, 2020

South Korean cryptocurrency exchange Bithumb said Monday that it had signed a memorandum of understanding with Chinese crypto exchange firm BitMax to roll out new crypto services and to tap into glob...
NHN‘s Payco available on Apple platforms

MoneyFeb 17, 2020

Internet services provider NHN said Monday that its easy-to-use mobile payment service Payco was now available on US tech giant Apple’s platforms, including Apple Store, Apple Music and iCloud. Unde...
Lime investors face tough compensation fight

MoneyFeb 17, 2020

Investors in beleaguered hedge fund Lime Asset Management are facing a bumpy road to get compensation for their losses. By no later than Friday, every investor in the hedge fund is expected to find ...