The Korea Herald

Internet banks poised to become a force to be reckoned with

Apr 21, 2017

Jang Hong-suk got a credit line for a deposit to buy an apartment. All he did was download an app on his smartphone and open an account before applying for a loan. It took about 20 minutes before Ja...
Korean shares extend gains in late morning trade

Apr 21, 2017

South Korean stocks extended gains late Wednesday morning on a rebound in tech and telecom stocks. The won rose against the US dollar. The benchmark Korea Composite Stock Price Index advanced 18.45 ...
Korea's fiscal spending on SOC projects creates more jobs in Q1: gov't

Apr 21, 2017

South Korea increased fiscal spending on infrastructure-building projects in the first three months of the year contributed to the creation of more jobs, the finance ministry here said Friday. The g...
Banks urged to play 'responsible role' in normalizing Daewoo Shipbuilding

Apr 21, 2017

South Korea's top financial regulator on Friday called for heads of banks to play a "responsible role" in normalizing Daewoo Shipbuilding & Marine Engineering Co., as the bailout plan for the trouble...
Korean shares open higher on US gains

Apr 21, 2017

South Korean stocks opened higher Friday, tracking gains on Wall Street and ahead of major companies' first-quarter earnings reports. The Korean won rose against the US dollar. The benchmark Korea C...
KB Financial Group’s net profit soars nearly 60% in Q1 on-year

Apr 20, 2017

KB Financial Group, the second-largest banking group in net assets, posted 870.1 billion won ($763.7 million) of net profit in the first quarter, a 59.7 percent rise on-year, according to the group’s...
FSC to ease rules for debt-to-equity swaps

Apr 20, 2017

The Financial Services Commission of Korea announced Thursday it would ease regulations for lenders in streamlining the debt restructuring of financially troubled firms. By revising the enforcement ...
Seoul stocks end higher on institutional buying

Apr 20, 2017

South Korean stocks closed higher Thursday as institutions scooped up stocks on bargain hunting. The won rose against the dollar. The benchmark Korea Composite Stock Price Index rose 10.75 points, o...
Shinhan’s net profit surges 29 percent in Q1

Apr 20, 2017

Shinhan Financial Group said its net profit rose to 997.1 billion won in the first quarter this year, a 29 percent gain from a year earlier, mainly due to improved net interest margins and reduced ge...
Korea to support vulnerable borrowers

Apr 20, 2017

South Korea’s financial regulator said Thursday it planned to allow borrowers who cannot repay debts due to a job loss or the death of a relative, to suspend the repayment of the principal for up to ...
Daewoo Shipbuilding files for debt restructuring

Apr 20, 2017

Daewoo Shipbuilding & Marine Engineering filed a petition with the Changwon District Court on Thursday, seeking approval for its 2.9 trillion won ($2.5 billion) bailout plan. If DSME’s mass debt-res...
BOK launches pilot program to achieve coinless Korea

Apr 20, 2017

The Bank of Korea on Thursday launched a pilot program with major distribution giants to push forward its long-term goal of creating a coinless society in Korea by 2020. By partnering convenience st...
Dollar-won volatility widens in Q1

Apr 20, 2017

The volatility in the dollar-won exchange rates slightly increased in the first quarter from the previous three-month period as the US greenback weakened this year, central bank data showed Thursday....
Korean shares turn higher in late morning trade

Apr 20, 2017

South Korean stocks turned higher late Wednesday as foreigners and institutions went bargain hunting. The won fell against the US dollar. The benchmark Korea Composite Stock Price Index advanced 8....
China Ocean Resources on verge of being dropped from Korean stock market

Apr 20, 2017

China Ocean Resources Co., a Hong Kong-based deep-sea fisheries company, is on the verge of being delisted from the South Korean stock market due to its false financial disclosures. If China Ocean R...