The Korea Herald

Korea sees more self-made superrich

Sept 13, 2021

Emergence of new businesses fueled by the pandemic appears to have contributed in generational shift in superrich club
Seoul stocks open nearly flat on US stock slump

Sept 13, 2021

South Korean stocks opened nearly flat Monday as investors braced for a fall on Wall Street last week amid concerns over rising inflation. The benchmark Korea Composite Stock Price Index (Kospi) fel...
Foreign investors remain net sellers of Korean stocks in August

Sept 13, 2021

Foreign investors remained net sellers of South Korean stocks last month, extending their selling spree for a fourth consecutive month, data showed Monday. Foreigners sold a net 7.81 trillion won ($...
[Law Talk] Recent legislative changes over online platform businesses in Korea

Sept 12, 2021

Big tech companies grew quickly in the pandemic-hit year of 2020, with many people working from home and purchasing more online, as well as tech giants cutting costs where it matters less and investi...
Monitoring strengthened on crypto exchanges facing shutdown this week

Sept 12, 2021

The Korea Financial Intelligence Unit said Sunday that it was looking closely at cryptocurrency exchanges on the verge of shutting down. The unit is under the Financial Services Commission, the count...
Seoul stocks to face selling pressure on virus, regulation woes

Sept 11, 2021

South Korean stocks are likely to come under selling pressure next week amid concerns about the spreading virus variant and regulation fears that had led to massive sell-offs of giant platform compan...
[Newsmaker] Demand for apartments on rise despite loan restrictions

Sept 10, 2021

Demand for apartments in South Korea’s capital and the surrounding areas continued to rise for two consecutive weeks, despite the central bank’s latest rate hike and financial institutions’ efforts t...
Naver, Kakao shares plunge on moves to regulate IT platforms

Sept 9, 2021

With politicians and regulators joining forces to strengthen monitoring of fast-growing IT platforms, shares of South Korea’s two tech giants plummeted Thursday, losing a combined 19 trillion won ($1...
Seoul stocks plunge more than 1.5% amid virus woes, expiration uncertainties

Sept 9, 2021

South Korea's key stock index tumbled more than 1.5 percent Thursday amid virus concerns and uncertainties from the expiration of options and futures. The Korean won fell against the U.S. dollar. Th...
Seoul stocks open lower amid virus concerns

Sept 9, 2021

South Korean stocks opened lower Thursday amid concerns about the spreading virus cases. The benchmark Korea Composite Stock Price Index (KOSPI) fell 11.54 points, or 0.36 percent, to trade at 3,151...
Carbon tax would cost Korean firms up to W36tr: Nice Rating

Sept 8, 2021

If South Korea passes a carbon tax bill in line with global standards, local companies, particularly those in heavy industries that emit high levels of carbon dioxide, may face between 7.3 trillion w...
Bitcoin, Etheruem fluctuate amid El Salvador’s historic move

Sept 8, 2021

Bitcoin’s trading price declined to about 55 million won ($47,200) locally Wednesday afternoon, only 24 hours after it touched 60 million won for the first time in three months, data from Upbit, Sout...
Seoul stocks down for 2nd day on tech regulation concerns

Sept 8, 2021

South Korean stocks extended losses to the second straight session Wednesday as investors offloaded tech shares amid concerns about regulations against online platform giants. The benchmark Korea Co...
Brokerages overtake banks in ISAs

Sept 8, 2021

Growing number of ISA subscription at securities firms show money moving from banks to equities
Seoul stocks open lower on Wall Street losses

Sept 8, 2021

South Korean stocks opened lower Wednesday, tracking losses on Wall Street amid concerns about the pace of US economic recovery. The benchmark Korea Composite Stock Price Index (KOSPI) fell 18.16 po...