The Korea Herald

Seoul shares down on virus concerns, US election uncertainties

Oct 27, 2020

South Korean shares closed lower Tuesday, falling for the second straight session, amid concerns of a global resurgence in COVID-19 cases and growing uncertainties over the US presidential election. ...
Hanwha Asset gains PFM license for mainland China

Oct 27, 2020

Hanwha Asset Management said Tuesday its wholly owned Chinese unit has been granted a private fund management license for mainland China. A PFM license, approved by the Asset Management Association ...
Seoul shares open lower on Wall Street losses

Oct 27, 2020

South Korean stocks opened lower Tuesday, tracking an overnight tumble on Wall Street amid concerns of a global resurgence in COVID-19 cases. The benchmark Korea Composite Stock Price Index (KOSPI) ...
Samsung stocks rally on expectations of succession, possible governance revamp

Oct 26, 2020

Market closely watches scenario of owner family acquiring late chairman’s stake in Samsung Life Insurance
Market in close watch over Samsung inheritance tax

Oct 26, 2020

With heirs to the Samsung empire facing a colossal amount of inheritance tax on stocks owned by their late father Lee Kun-hee, the market is closely watching how they will raise the necessary funds t...
Seoul stocks sink on renewed virus concern, Korean won at 19-month high

Oct 26, 2020

South Korean stocks closed lower Monday as investors remained skeptical of a much-coveted global economic recovery amid a resurgence in the new coronavirus. The Korean won rose to an over 19-month hi...
NH NongHyup sets up Myanmar branch

Oct 26, 2020

NH NongHyup Bank said Monday it has launched its branch office in Yangon, the largest city of Myanmar to expand its presence in the Southeast Asian country. The establishment of Yangon-based branch ...
Big Hit shares slide to new low after stock market debut

Oct 26, 2020

Shares in Big Hit Entertainment, the management agency behind K-pop phenomenon BTS, sunk nearly 10 percent Monday, hitting a new low since the company's market debut earlier this month, as investors ...
Seoul stocks open higher on US stimulus hopes

Oct 26, 2020

South Korean stocks opened slightly higher Monday on hopes of fresh US stimulus to insulate the fallout from the pandemic. The benchmark Korea Composite Stock Price Index (KOSPI) rose 6.17 points, o...
Finance minister turns to YouTube to defend fiscal soundness

Oct 25, 2020

Architect behind government’s real estate countermeasures himself also becomes ‘jeonse’ refugee
Retail traders go on selling spree in Oct.

Oct 25, 2020

Retail traders, which have so far buttressed the pandemic-hit stock market, appear to have begun to unload shares, becoming net sellers in the market, data showed Sunday. According to the nation’s s...
Under late tycoon’s 27-year leadership, Samsung market cap grew 350 times

Oct 25, 2020

Death of Samsung chairman likely to have limited impact on Samsung stocks, analysts say
Finance Ministry to unveil new counterstep to rising jeonse prices this week

Oct 25, 2020

The government is slated to unveil a set of additional real estate policies as early as this week, according to the Ministry of Economy and Finance and related agencies on Sunday. The goal is to ease...
Tax agency mulls taxation for Google's 30% commission

Oct 24, 2020

South Korea's tax agency said Saturday it will consider imposing taxes on Google Inc.'s planned enforcement of a 30 percent commission on in-app purchases of digital content from its Play Store ne...
S. Korea’s remdesivir-themed stocks surge amid US FDA approval

Oct 23, 2020

Remdesivir-related South Korea’s bio firms’ stocks skyrocketed Friday, after the US Food and Drug Administration approved Gilead Sciences’ antiviral drug as a treatment for the coronavirus overnight....