The Korea Herald

Seoul stocks end lower on grim economic outlook

MarketsMay 14, 2020

South Korean stocks closed lower Thursday as investor sentiment was dented by a grim forecast for global economic recovery amid the novel coronavirus pandemic. The Korean won fell against the US doll...
Regulator says 16 fintech firms attract over W136b in investment

EconomyMay 14, 2020

South Korea's financial regulator said Thursday that 16 fintech firms and startups have attracted a combined 136.4 billion won ($111 million) in investment over the past year as the country is pushin...
Foreign investors expected to return to stock market from H2

MarketsMay 14, 2020

Foreign investors will return to the Korean stock market starting from the second half of the year if the US job market hits rock bottom in June, according to a local brokerage Thursday. “If figures...
Seoul stocks open lower on Wall Street losses

MarketsMay 14, 2020

Seoul stocks opened lower Thursday, tracking losses on Wall Street amid the new coronavirus pandemic. The benchmark Korea Composite Stock Price Index (KOSPI) fell 24.37 points, or 1.26 percent, to 1...
S. Korea aims to create 1.56m jobs in public sector

EconomyMay 14, 2020

South Korea aims to create 1.56 million jobs in the public sector, Finance Minister Hong Nam-ki said Thursday, as the nation's economy suffered its sharpest job losses in 21 years over the coronaviru...
Credit card use posts smaller dip in April amid virus slowdown

MoneyMay 14, 2020

Credit card spending by Koreans dipped at a slower rate in April than the previous month amid the COVID-19 infection slowdown, industry data showed Wednesday. Combined credit card spending last mont...
[Herald Interview] ‘Private investor engagement key to climate-resilient world’

MarketsMay 13, 2020

Power of responsible investing becoming more visible in pandemic era, says Green Climate Fund’s evaluation head
Seoul office market to face pandemic impact in Q2: report

MarketsMay 13, 2020

Seoul’s prime office building market will face flagging demand due to the coronavirus coupled with new supply in the second quarter, which will create more empty space within the properties and reduc...
Jobs disappear at sharpest pace since 1999

EconomyMay 13, 2020

Finance minister vows to swiftly create 550,000 plus jobs
Banks' Q1 net profit dips 18% on loan-loss provisions

MarketsMay 13, 2020

South Korean banks saw their first-quarter earnings decline 17.8 percent from a year earlier due to increased loan-loss provisions, data showed Wednesday. The combined net profit stood at 3.2 trilli...
Seoul stocks rebound on bargain hunting

MarketsMay 13, 2020

South Korean stocks closed higher Wednesday as investors scooped up bargains amid renewed concerns over the trade row between the United States and China. The Korean won gained against the US dollar....
Douzone Bizon, Celltrion Pharm join MSCI index, but Hanjin KAL omitted

MarketsMay 13, 2020

HDC, Meditox, Hanwha Life removed
Shinhan’s investment in HK’s K-pop fund faces redemption delay

MoneyMay 13, 2020

Shinhan Investment has received a request to delay K-pop-related private equity fund redemption from a Hong Kong-based asset management firm due to underperforming entertainment business, according t...
Kakao joins S. Korea's top-10 market cap heavyweights

MoneyMay 13, 2020

Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, has entered the top ten stocks by market capitalization on a stellar quarterly performance, data showed Wednesday. The home...
Protectionism to put more strain on exports in post-virus era: report

EconomyMay 13, 2020

South Korea's exports, which have been hit hard by the new coronavirus that has halted global supply chains, are not likely to rebound immediately in the post-pandemic era, as its key trade partners ...