The Korea Herald

Seoul shares open lower on steelmaker, insurer losses

May 17, 2017

South Korean stocks opened lower Wednesday, driven by a fall in major steelmakers and insurance companies, analysts said. The benchmark Korea Composite Stock Price Index was down 6.01 points, or 0.2...
Moody’s maintains negative outlook on Korean banks

May 16, 2017

Credit ratings agency Moody’s maintained a negative outlook on the South Korean banking industry, citing worsening business environment amid weak domestic consumer sentiment and banks’ asset quality....
Optimism abounds for Kospi rally

May 16, 2017

Expectations of strong policy drives by President Moon Jae-in are leading to forecasts of a further Kospi rally and a stronger local currency, offsetting rising worries about geopolitical risks. The...
FSS disciplines stock brokers for illegal short-selling

May 16, 2017

The Financial Supervisory Service issued last Thursday a disciplinary warning on stock brokers for short selling using insider information, the regulator said Monday. The FSS said a team of stock tr...
[Photo News] Sejong expects to see a real estate boon

May 16, 2017
BNP Paribas, Deutsche fined for FX collusion

May 16, 2017

South Korea’s anti-trust watchdog said it has fined France’s BNP Paribas and Germany’s Deutsche Bank a combined 176 million won ($157,000) for colluding on foreign exchange forward bids. The Fair Tr...
MBK Partners reduces stake in Coway

May 16, 2017

Korea’s major private equity firm MBK Partners has sold 5 percent stake in Coway, the nation’s largest water purifier maker and rental firm by market share, in the form of a block deal, news reports ...
Korea's money supply up 6.2% in March: BOK

May 16, 2017

The money supply in South Korea jumped 6.2 percent in March from a year earlier, the central bank said Tuesday. The nation's "M2" totaled 2,436.9 trillion won ($2.1 trillion) in March, compared with...
Banks' foreign currency deposits fall in April

May 16, 2017

Foreign currency deposits held by banks operating in South Korea fell in April as exporters reduced their deposits of dollar-denominated earnings, central bank data showed Tuesday. Outstanding forei...
Seoul shares tad down on bearish retailers, pharmaceuticals

May 16, 2017

South Korean stocks inched down after a strong start late Tuesday morning, as shares of key retailers and pharmaceutical companies widened losses, analysts said. The benchmark Korea Composite Stock ...
Korean bourse emerges as top performer worldwide

May 16, 2017

The South Korean stock market has emerged as the best performer in the world over the past month on the back of strong foreign buying, data showed Tuesday. The benchmark Korea Composite Stock Price ...
Seoul shares open higher on tech blue chips

May 16, 2017

South Korean stocks got off to a strong start Tuesday, buoyed by bullish tech large caps, analysts said. The benchmark Korea Composite Stock Price Index climbed 13.38 points, or 0.58 percent, to tra...
Card firms' Q1 net soars 60% on one-off gains

May 15, 2017

The first-quarter earnings of credit card companies in South Korea jumped 59.9 percent from a year earlier due mainly to one-off factors, the country's financial regulator said Monday. The combined ...
Seoul stocks end higher despite foreign selling

May 15, 2017

South Korean stocks closed higher on Monday as individual and institutional buyers scooped up big cap stocks offseting a selling spree by foreigners amid uncertainties at both home and abroad, analys...
Rising debt highlights Moon's relief pledge

May 15, 2017

The ongoing increase of household debt brings focus on whether President Moon Jae-in will manage to fulfill his pledge of curbing swelling household debt, which has long been a drag on South Korea’s ...