The Korea Herald

Shinhan Financial to set up W2.1tr fund to support 2,000 startups, 10 unicorns

Dec 22, 2019

Shinhan Financial Group said Sunday it plans to launch a 2.1 trillion won ($1.8 billion) fund to support 2,000 startups and foster 10 unicorns in the next three years. Unicorns refer to privately he...
Recovery of chip industry to boost Korean stock market in 2020: global IBs

Dec 22, 2019

South Korea’s semiconductor industry is projected to walk the road to recovery next year, which will propel the local stock market in turn, recent reports by global investment banks said. Most finan...
Foreigners set to snap 4-month selling streak of Korean stocks in Dec.

Dec 22, 2019

Foreign investors have purchased more South Korean stocks than they have sold so far this month, possibly on the way to ending their four-month selling streak, data showed Sunday. As of Friday, fore...
Foreign currency deposits slightly drop in Nov.

Dec 19, 2019

Foreign currency deposits held by banks in South Korea dropped slightly from a month earlier in November, largely on local businesses taking advantage of favorable exchange rates, central bank data s...
Lotte Group excluded from FSC watchlist upon disposal of financial arms

Dec 19, 2019

South Korea’s fifth-largest conglomerate Lotte Group was excluded from supervision by financial authorities, in line with its disposal of financial subsidiaries earlier this year, the Financial Servi...
2020 to be big year for South Korean IPOs

Dec 18, 2019

With a healthy pipeline of companies seeking initial public offerings next year, industry watchers say the proceeds raised could exceed 10 trillion won ($.8.9 billion) for the first time since 2010. ...
Korean investment in European office market jumps 152%

Dec 18, 2019

South Korean investments in the European office market increased 152 percent as of November on-year, buoyed by a currency-swap premium, but is projected to decline and diversify next year, commercial...
S. Korea formally launches ‘open banking’ service

Dec 18, 2019

16 local banks, 31 fintech firms offer innovative financial service via open access
BOK minutes hint at possible policy rate reduction next year

Dec 17, 2019

Some members of the central bank's rate-setting board see the need for additional steps to boost the country's economic growth and consumer price hikes down the road, minutes from the board's latest ...
Hyundai Card, Korean Air launch private label credit card

Dec 17, 2019

Hyundai Card, a subsidiary of Hyundai Motor Group, has jointly launched an exclusive credit card with flag carrier Korean Air, officials said Tuesday. “Korean Air and Hyundai Card have launched a pr...
[Contribution] Short-termism works... in the short term

Dec 17, 2019

The Korea Herald is publishing a regular contribution series written by senior investment strategists at Standard Chartered Group Wealth Management. -- Ed. We believe the three- to six-month outlook...
Viva Republica gets preliminary approval for 3rd internet-only bank

Dec 17, 2019

Online-only banking sector to face increased competitiveness
Samil PwC publishes sustainability report

Dec 16, 2019

Samil PricewaterhouseCoopers, the local unit of the world’s largest accounting firm, said Monday that it has published a report on its sustainable business operations and accomplishments in 2019. Wh...
JB Financial acquires brokerage in Vietnam, expands in ASEAN region

Dec 16, 2019

JB Financial Group has acquired a Vietnam-based brokerage owned by Morgan Stanley, in line with its recent moves to expand business in the Southeast Asian region, officials said Monday. The holding ...
Listed firms' share buybacks top W19tr in 3-year period

Dec 16, 2019

South Korean listed companies bought back their own shares worth almost 20 trillion won ($17 billion) in total in the past three years, with Samsung Electronics buying back the most, data showed Mond...