The Korea Herald

K-Bank meets more than half of full-year deposit target in 24 days

Apr 27, 2017

K-Bank, South Korea's first Internet-only bank, has achieved more than half of its full-year target of attracting deposits just 24 days after launching operations, the nation's financial regulator sa...
Stocks open lower on Samsung affiliates, automakers

Apr 27, 2017

South Korean stocks got off to a weak start on Thursday, led by losses in Samsung Electronics and its affiliates and automakers. The benchmark Korea Composite Stock Price Index shed 4.74 points, or ...
Kospi tops 2,200

Apr 26, 2017

South Korea’s stock market stayed bullish, with its benchmark Korea Composite Stock Price Index crossing the 2,200 mark for the first time in six years Wednesday, amid world market rallies and the ea...
[Election 2017] How will presidential candidates raise taxes?

Apr 26, 2017

The following is the third in a series of articles breaking down the presidential candidates’ major economic pledges in a simulated question-and-answer format by gathering their answers from official...
Standard Chartered Bank Korea to hold fintech forum

Apr 26, 2017

Standard Chartered Bank Korea announced Wednesday it plans to hold a forum dedicated to financial technology at its main branch in Korea on May 17. Michael Gorriz, group chief information officer at...
BOK chief calls for efforts to better reflect economic reality in GDP

Apr 26, 2017

The head of South Korea's central bank called Wednesday for efforts to better reflect the rapidly changing economic reality in the gross domestic product. GDP -- the broadest measure of an economy's...
Rates for household loans inch up in March

Apr 26, 2017

Bank lending rates on new household loans inched up in March and interest rates paid by banks on new deposits remained unchanged, central bank data showed Wednesday. The average interest rates on fr...
Korean stocks trade at 6-yr high in late morning

Apr 26, 2017

South Korean stocks traded at a six-year high early Wednesday morning, led by gains in tech companies, chemicals firms and automakers. The benchmark Korea Composite Stock Price Index rose 10.01 poin...
More listed firms seek to use shadow voting this year

Apr 26, 2017

A total of 642 listed firms in South Korea have sought the practice of shadow voting this year to meet quorum requirements for approval at their annual meetings of shareholders, sharply up 40 percent...
Kospi tops 2,200 for first time in 6 years

Apr 26, 2017

South Korea’s benchmark Korea Composite Stock Price Index topped 2,200 points, for the first time in six years when it opened Wednesday. The main bourse soared 5.52 points, or 0.25 percent, to reach...
Mortgage-backed deals rise in Q1, but pace of growth slows

Apr 26, 2017

South Korea's residential mortgage-backed securitizations slightly rose in the first quarter of this year, but the pace of quarterly growth slowed because of the government's efforts to curb mounting...
Stocks open higher on gains in tech, autos

Apr 26, 2017

South Korean stocks opened higher Wednesday led by gains in tech companies, chemicals firms and automakers. The benchmark Korea Composite Stock Price Index rose 7.91 points, or 0.36 percent, to 2,20...
Korea's 3rd bourse to ease listing rules

Apr 25, 2017

South Korea's stock market for venture firms and start-ups plans to ease its listing rules, allowing more small firms to raise funds via the market, the nation's financial regulator said Tuesday. Th...
Kospi hits a 6-year high on foreign buying

Apr 25, 2017

South Korean stocks on Tuesday hit a six-year high, on strong buying from foreign investors with the global stock market rally, brokerage data showed. The nation’s benchmark Kospi closed at 2,196.85...
Hyundai Samho lands W300b IMM Private Equity investment

Apr 25, 2017

Hyundai Samho Heavy Industries, a shipbuilding affiliate of Hyundai Heavy Industries, has landed a 300 billion won ($265.7 million) pre-initial public offering investment with IMM Private Equity. Un...