The Korea Herald

FSS vows measures for savings banks

Jun 2, 2017

The Financial Supervisory Service said Friday it would seek pre-emptive measures to protect savings banks against side effects from the government’s anticipated move to lower the limit on their maxim...
Seoul stocks up 1.16% on foreign buying

Jun 2, 2017

South Korean stocks ended slightly higher Friday as foreign investors scooped up large-cap stocks. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index gained 2...
Seoul shares extend gains on foreign buying

Jun 2, 2017

South Korean stocks extended gains late Friday morning as foreign investors scooped up large-cap stocks. The benchmark Korea Composite Stock Price Index gained 22.02 points, or 0.94 percent, to 2,36...
Samsung's Bixby joins forces with local banks

Jun 2, 2017

Samsung Electronics Co. said Friday it has reached an agreement with three local banks to allow users to use banking services via its voice command program, Bixby. The South Korean tech giant said u...
Korean bourse fares best worldwide in May

Jun 2, 2017

South Korea's stock market was white-hot on massive foreign buying in May, emerging as the top performer among bourses in major advanced and emerging countries, data showed Friday. The benchmark Kor...
Savings banks see Q1 profits gain 13.6% on higher interest income

Jun 2, 2017

The combined net profit of South Korea's 79 savings banks rose 13.6 percent on-year for the first quarter of this year, thanks to higher interest income, data showed Friday. Preliminary net profit o...
Stocks open higher on US gains

Jun 2, 2017

South Korean stocks opened higher Friday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index rose 15.33 points, or 0.65 percent, to 2,359.94 in the first 15 min...
YG shares nosedive on reports of Big Bang’s T.O.P marijuana charge

Jun 1, 2017

YG Entertainment’s stock slid 4.2 percent as it was reported that Big Bang’s T.O.P is being investigated after testing positive for marijuana. YG, the agency which Big Bang is signed to, saw share p...
Korea to sell W7.7tr state bonds in June

Jun 1, 2017

South Korea plans to sell a combined 7.7 trillion won ($6.86 billion) of state bonds this month, the finance ministry said Thursday. The government will issue 1.8 trillion won in bonds with a maturi...
Seoul stocks slip on profit-taking

Jun 1, 2017

South Korean stocks ended lower Thursday as foreign investors and institutions cashed in recent gains following a month-long rally amid US uncertainties, analysts said. The Korean won fell against th...
Korean banks’ financial health improves

Jun 1, 2017

The capital adequacy ratio of banks and financial groups in South Korea improved in the first quarter of 2017 on the back of eased risk-weighted assets, data showed Wednesday. On average, based on t...
Daily turnover of won-yuan direct trading dips through May

Jun 1, 2017

The average daily turnover of the South Korean won-Chinese yuan direct trading market in Seoul fell slightly in the first five months of the year from last year, government data showed Thursday. The...
Seoul shares down on foreign, institutional selling

Jun 1, 2017

South Korean stocks traded lower late Thursday morning as foreign investors and institutions offloaded large-cap stocks in an apparent move to lock in profits. The benchmark Korea Composite Stock Pr...
Stocks open lower on profit-taking

Jun 1, 2017

South Korean stocks opened lower on Thursday, as investors attempted to cash in recent gains, but top market cap Samsung Electronics continued to build up gains. The benchmark Korea Composite Stock ...
Banks' Q1 capital ratio improves on reduced risky assets

Jun 1, 2017

South Korean banks saw their financial health improve slightly in the first-quarter of this year, helped by less exposure to risky assets, the financial regulator said Thursday. The average capital ...