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Seoul stocks end lower on US slump, foreign sellingApr 19, 2017South Korean stocks closed lower Wednesday as foreigners offloaded stocks on profit-taking in the face of overnight losses on Wall Street. The won rose against the dollar. The benchmark Korea Compos... -
Tightened acquisition rules eyed for savings banksApr 19, 2017South Korea's financial watchdog on Wednesday unveiled a set of new regulations on the acquisition of a savings bank by a consumer credit service company in a bid to improve transparency. Under the ... -
Samsung to build $480m PEF for infrastructureApr 19, 2017South Korean investment firm Samsung Asset Management announced Wednesday that it would build a $480 million worth private equity designed to fund infrastructure, by teaming up with the Australian in... -
Woori Bank's Q1 net up 44% on decreased provisionsApr 19, 2017Woori Bank, a major South Korean commercial lender, said Wednesday its first-quarter net profit shot up 43.8 percent from a year earlier due mainly to decreased loan-loss provisions. Net profit jump... -
Korean shares widen losses in late morning tradeApr 19, 2017South Korean stocks widened losses in late Wednesday trading as foreigners and institutions offloaded stocks. The won rose against the US dollar. The benchmark Korea Composite Stock Price Index drop... -
Top accounting firms dominating corporate clienteleApr 19, 2017Accounting firms are in sharp contrast in the scale and number of their corporate clients, with the top four in the field sweeping up half of the listed companies, a state portal said Wednesday. Acc... -
Chief of financial holding firm arrested over stock price manipulationApr 19, 2017The head of a bank holding firm based in the country's second largest city of Busan has been arrested over allegations of stock price manipulation, court officials said Wednesday. The Busan District... -
Korean shares open lower on foreign sellingApr 19, 2017South Korean stocks opened lower Wednesday on foreign selling and losses on Wall Street. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index gained 4.42 points... -
Seoul stocks end higher on institutional buyingApr 18, 2017South Korean stocks closed higher Tuesday as institutions and foreigners became net buyers amid eased uncertainties following the United States' decision not to designate South Korea as a currency ma... -
K bank wins 200,000 customers, W230b deposits in 15 daysApr 18, 2017K bank, South Korea’s first internet-only bank and seventh commercial bank, had drawn more than 200,000 new customers and 230 billion won ($203 million) in deposits as of Tuesday morning, data from t... -
![[News Focus] Timely or premature? Citibank’s bold move draws mixed reaction](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2017/04/18/20170418000845_0.jpg)
[News Focus] Timely or premature? Citibank’s bold move draws mixed reactionApr 18, 2017Bank’s decision to close 80 percent of branches prompts intense backlash as veiled attempt to cut workforce, while experts expect more banks to follow suit -
Korean shares lose steam in late morning tradeApr 18, 2017South Korean stocks lost steam in late Tuesday trading as institutions turned net sellers after scooping up shares amid eased uncertainties. The won rose against the US dollar. The benchmark Korea C... -
Foreigners snap up S. Korean bonds despite NK jittersApr 18, 2017Foreign investors have boosted their won-denominated bond holdings so far this year, industry data showed Tuesday, despite growing tensions on the Korean Peninsula over North Korea's nuclear and miss... -
Korean shares open higher on US gainsApr 18, 2017South Korean stocks opened higher Tuesday, tracking gains on Wall Street, amid eased market uncertainties. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index ... -
PyeongChang 2018 signs KEB Hana Bank as main banking partnerApr 18, 2017Organizers of the 2018 PyeongChang Winter Games on Tuesday signed KEB Hana Bank as their main banking partner. The two sides recently wrapped up their negotiations that began in February and announc...
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