The Korea Herald

Seoul stocks nearly flat after roller-coaster ride on coronavirus fears

Feb 3, 2020

South Korean stocks ended nearly flat Monday, with fears of the rapid spread of the new coronavirus weighing down investor sentiments. Stocks on China’s major exchanges plunged on the first trading ...
Coronavirus scare may derail W250b IPO plans in February

Feb 3, 2020

Seven South Korean firms are looking to raise as much as a combined 247 billion won ($206.6 million) through initial public offerings in February, but market watchers are wary as the local stock mark...
Financial sector rolls out support measures for SMEs hit by coronavirus

Feb 3, 2020

South Korea’s financial institutions are announcing measures to assist local businesses -- mostly small and medium-sized enterprises, which are likely to bear the brunt of the recent coronavirus outb...
Electronics comparison startup receives W300m from Kakao Ventures

Feb 3, 2020

Consumer Bridge, which runs electronics comparison website Honey Review, said Wednesday it has attracted seed investment of 300 million won ($251,022) from Kakao Ventures, an investment unit of the n...
NHN, Google expand mobile payment partnership

Feb 3, 2020

NHN, one of South Korea’s largest internet service providers, said Monday that its credit and debit card-based payment services will be available on tech giant Google’s flagship platforms including G...
Seoul stocks plummet nearly 6% amid spread of new coronavirus

Feb 2, 2020

South Korean stocks have fluctuated between losses and gains amid growing fears about the Wuhan coronavirus outbreak around the world. Since health authorities confirmed the first coronavirus case h...
Watchdog imposes ‘heavy sanctions’ on Woori, KEB Hana executives for DLF misselling

Jan 30, 2020

Thursday’s announcement came as a result of the FSS’ third and final round of sanctions committee meetings, which had to be scheduled after the FSS fell short of deciding a punishment for the two len...
Investments in Korean startups hit record high

Jan 30, 2020

The startup market here saw record investments of 4.28 trillion won ($3.61 billion) last year, according to the Ministry of SMEs and Startups on Thursday. The figure was up from 2.38 trillion won in...
Median apartment price in Seoul jumps 50% under Moon govt

Jan 30, 2020

The median price of apartments in Seoul surpassed the 900 million won ($760,000) threshold in January for the first time, according to commercial bank KB Kookmin Bank on Thursday. The bank’s monthly...
[KH Explains] TRS, leverage scheme behind hedge fund debacle in Korea

Jan 29, 2020

The recent brouhaha surrounding hedge fund company Lime Asset Management is stoking concerns about a potential liquidity crunch across the financial market in South Korea. At the heart of the contro...
Investors eye low-risk assets as Seoul stocks trim losses

Jan 28, 2020

Treasury bond yields fall, gold prices rise as Kospi loses 3 percent
NPS wins big from Samsung affiliates’ recent rally

Jan 28, 2020

The overall value of the shares in Samsung affiliates and subsidiaries held by South Korea’s largest institutional investor, the National Pension Service, jumped nearly 60 percent over the past year,...
Seoul stocks open sharply lower amid Wuhan coronavirus woes

Jan 28, 2020

South Korean stocks opened sharply lower Tuesday, the first trading session after the four-day Lunar New Year's holiday, as the fast-spreading Wuhan coronavirus around the globe sapped investor senti...
Market watchers downplay long-term impact of coronavirus in Korea

Jan 27, 2020

Although concerns over the possible impact of the deadly coronavirus on the financial market are rising here, analysts say that the “noise” caused by the contagious virus originating from China will ...
US, Japanese investors biggest players in S. Korean stock, bond markets: FSS

Jan 27, 2020

The number of foreign investors in South Korea’s stock and bond markets exceeded 480,058 last year, up 1,358 from a year earlier, according to the nation’s financial regulator Financial Supervisory S...