The Korea Herald

[Exclusive] Hyundai Card says it has 'no plan' for IPO

MoneySept 15, 2021

Fubon-backed Hyundai Card said Wednesday that it has “no plan” to carry out an initial public offering, despite heated market anticipation for the firm’s market debut over the last two years. “We do...
Foreign investors prefer Korean stocks with high growth potential: data

MarketsSept 14, 2021

Foreign investors put more value on high growth potential rather than stability when choosing which domestic stocks to purchase, a report showed Tuesday. According to a report from Korea Economic Re...
[Defector’s eye 2] Defector-turned-startup CEO tries his hand at developing social media platform

EconomySept 14, 2021

This is the second installment in a series of articles on North Korean defectors in transition, and the challenges and opportunities they encounter in the face of South Korea’s financial market and i...
No. of Korean youths who gave up job seeking surges 35%

EconomySept 14, 2021

South Koreans aged between 15 and 29 who were unemployed, not engaged in schooling or housework, and were not seeking jobs increased some 35 percent on-year, data showed Tuesday. As of May, 96,000 w...
Seoul stocks up for 3rd day ahead of US inflation data release

MarketsSept 14, 2021

South Korean stocks advanced for the third straight session Tuesday as investors await the release of US consumer price data, seeking more clues about the Federal Reserve's tapering timeline. The Kor...
Samsung commits to creating 30,000 new youth jobs in 3 years: gov't

EconomySept 14, 2021

Samsung Group on Tuesday promised to create 30,000 new youth jobs in South Korea in three years by expanding its corporate social responsibility initiatives (CSR), the government said. The plan to c...
Rich people from non-Seoul area snapping up Seoul apartments

MoneySept 14, 2021

Rich people living outside the Seoul area are rushing to buy apartments in the capital city to secure real estate as a means for stable investment, data showed Tuesday. According to the Korea Real E...
Residents' FX deposits rise in Aug. amid brisk exports

EconomySept 14, 2021

Foreign currency deposits at banks in South Korea gained in August from a month earlier as exporters increased dollar holdings, central bank data showed Tuesday. Residents' outstanding foreign curre...
S. Korea to expand FTAs with more emerging countries in S.E. Asia, Latin America

EconomySept 14, 2021

South Korea said Tuesday it plans to implement or launch negotiations for a set of new free trade agreements (FTAs) with trading counterparts from Southeast Asia and Latin America this year, as part ...
Seoul stocks open steeply higher ahead of US inflation data release

MarketsSept 14, 2021

South Korean stocks opened steeply higher Tuesday as investors await the release of US consumer price data, seeking more clues about the Federal Reserve's timeline for tapering its stimulus. The ben...
Export prices up for 9th month in August

EconomySept 14, 2021

South Korea's export prices rose in August, marking the ninth straight monthly gain amid a strong recovery in exports, central bank data showed Tuesday. The country's export price index, in terms of...
Take down antitrust hurdles for mergers: KDB chief

MoneySept 13, 2021

Korea Development Bank’s Chairman Lee Dong-gull called on the government to take down the antitrust hurdles standing in the way of proposed mergers, which he said are crucial for businesses to surviv...
Ahead of October launch, Toss Bank secures half a million subscribers

MarketsSept 13, 2021

Toss Bank, which is poised to become the country’s third internet-only bank, attracted more than half a million subscribers to its pre-registration of their deposit accounts in just three days, the c...
Korea’s aging population to sap fiscal health: Fitch

EconomySept 13, 2021

The fast-paced aging of South Korea’s population is likely to undermine the fiscal health of Asia’s fourth-largest economy in the long run amid soaring debt, credit ratings agency Fitch Ratings said ...
Seoul stocks inch up after choppy trading amid inflation, political woes

MarketsSept 13, 2021

South Korean stocks edged up after choppy trading Monday as investors remained cautious after a fall on Wall Street last week amid concerns about rising inflation. The Korean won fell against the US ...