The Korea Herald

Kookmin Bank to compile feedback on expat banking

Apr 12, 2017

Kookmin Bank launched a group to help the company gather feedback from its expat customers Wednesday. The group is made up of 12 expats, non-Korean online community users and bloggers. It is expecte...
Seoul stocks rebound ending 6-day losing streak

Apr 12, 2017

South Korean stocks closed slightly higher Wednesday ending a six-day losing streak, although the rise was limited due to heightened geopolitical tension surrounding the Korean Peninsula, analysts sa...
Korean shares edge up in late morning trade

Apr 12, 2017

South Korean stocks traded a tad higher late Wednesday morning, but the gain was limited by geopolitical tension surrounding the Korean Peninsula. The benchmark Korea Composite Stock Price Index inc...
Financial holding firms see profits gain 19.6% in 2016

Apr 12, 2017

South Korea's seven financial holding companies saw their combined net profit gain 19.6 percent on year in 2016, helped by solid interest income and lower debt provisions, government data showed Wedn...
Seoul stocks fall for 6th consecutive session

Apr 11, 2017

South Korean stocks closed lower Tuesday, marking the sixth consecutive session drop amid rising concerns over a potential nuclear test by Pyongyang, analysts said. The benchmark Korea Composite Sto...
Financial markets stable despite geopolitical worries

Apr 11, 2017

South Korea's financial regulator said Tuesday geopolitical concerns won't impact financial market stability, while warning that it will sternly deal with spreading unfounded rumors. Jin Woong-sup, ...
Korean shares down in late morning trade

Apr 11, 2017

South Korean stocks traded lower late Tuesday morning following losses from carmakers and mobile carriers. The benchmark Korea Composite Stock Price Index lost 9.46 points, or 0.44 percent, to fall ...
Korean shares open nearly flat on geopolitical concerns

Apr 11, 2017

South Korean stocks opened nearly flat Tuesday as investors remained concerned over the rising speculation that Pyongyang may stage another nuclear test in the near future. The benchmark Korea Compo...
Local currency weakens amid growing security tension

Apr 10, 2017

South Korea’s local currency fell 0.55 percent to close at 1142.2 won against the US dollar Monday, amid growing security tension on the Korean Peninsula. The benchmark Korea Composite Stock Price I...
Net profits of foreign banks plummet in Korea in 2016

Apr 10, 2017

Foreign banks operating business in South Korea saw their net profits plummet by 39 percent in 2016 from a year earlier, with several of them leaving the country due to mounting losses, government da...
Kosdaq firms with false disclosure face toughened penalties

Apr 10, 2017

South Korea's bourse operator said Monday that it has toughened its penalties for tech-laden KOSDAQ firms that falsely disclose information, in a move to try to regain investor confidence. A company...
Korean shares down in late morning trade

Apr 10, 2017

South Korean stocks traded lower late Monday morning as investors took to the sidelines amid increased geopolitical risks. The benchmark Korea Composite Stock Price Index lost 17.98 points, or 0.84 ...
Foreigners remain net buyers of Korean stocks for 4th month

Apr 10, 2017

Foreign investors remained net buyers of South Korean stocks for the fourth straight month in March, led by investors from the United States and Canada, data showed Monday. Offshore investors snappe...
Korean shares open lower on blue chip losses

Apr 10, 2017

South Korean stocks opened lower Monday as key blue chips lost ground. The benchmark Korea Composite Stock Price Index shed 10.96 points, or 0.51 percent, to 2,140.77 in the first 15 minutes of trad...
Will internet-only banks shake up Korea's banking industry?

Apr 9, 2017

High interest in online banks jitters traditional players amid mixed prospects