The Korea Herald

Coronavirus wipes off IPO plans in March

Mar 23, 2020

The coronavirus pandemic and ensuing market volatility are disrupting listing plans of South Korean firms that could otherwise have raised at least 289.5 billion won ($227.8 million), filings showed ...
S. Korea to unveil measures to stabilize markets this week

Mar 23, 2020

South Korea's financial authorities are expected to announce a set of measures this week to help stabilize financial markets roiled by the spread of the new coronavirus, industry sources said Monday....
S. Korea logs 2nd-biggest foreign capital outflow in Asia over virus

Mar 23, 2020

South Korea has suffered the second-largest outflow of foreign stock investment funds among major Asian emerging nations over the past month amid a dollar shortage sparked by the coronavirus pandemic...
Citibank Korea’s WM strategy pays off amid market fluctuations

Mar 22, 2020

Citibank Korea has seen the pool of high-net-worth clients grow on the back of its unique wealth management program, which focuses on strict product screening for the sake of investor security. The ...
[Economy in Pandemic Era 3] Overseas property investments to take hit from coronavirus

Mar 22, 2020

With deadline for payment coming and weaker won, local investment firms anxious over rising risks
S. Korean companies brace for liquidity crisis in April

Mar 22, 2020

South Korean companies are bracing for a possible liquidity crisis in the bond market next month, amid sagging investor sentiment and signs of capital flight due to the coronavirus pandemic, market d...
Foreign brokerages suffer big hit amid price-cutting race

Mar 22, 2020

Foreign brokerages operating in South Korea have reported a drastic fall in their earnings in 2019, with their commission income falling sharply as domestic rivals chewed on their market share. The ...
Officials, experts divided over impact of S. Korea-US currency swap deal

Mar 20, 2020

Stock market rebounds over swap deal, but experts say optimism is premature
Seoul stocks rebound 7% on currency swap deal with US

Mar 20, 2020

South Korean stocks rebounded sharply on Friday as investors were buoyed by the currency swap deal between Seoul and Washington, snapping a freefall of seven consecutive sessions. The Korean won was ...
Kospi plummets below 1,500, lowest in 11 years

Mar 19, 2020

Offshore investors offloaded a net 616.6 billion won of their shares in Kospi market alone on Thursday, posting a net-selling for the eleventh consecutive trading session dating to March 5. According...
Korean firms rush for audit lifeline amid coronavirus spread

Mar 19, 2020

South Korea’s financial regulator said Thursday that 69 domestic companies have sought audit relief due to shortcomings in their reports for 2019, as the novel coronavirus has undermined their key op...
Foreigners sell stocks in S. Korea and other emerging markets

Mar 19, 2020

Foreign investors have sold a large sum of stocks in South Korea and other emerging markets largely due to concerns over the coronavirus pandemic, data showed Thursday. Offshore investors sold a net...
Gold funds lose luster on coronavirus scare

Mar 19, 2020

Gold funds in South Korea have posted dismal returns over the past month amid falling gold prices due to the coronavirus scare, data showed Thursday. Local gold funds with assets of 1 billion won ($...
Viva Republica inches closer to launching brokerage service

Mar 18, 2020

Fintech platform operator Viva Republica said Wednesday that it has received preliminary approval to run a stock trading business from the nation’s financial watchdog, the Financial Services Commissi...
Kospi dips below 1,600-point mark, lowest since May 2010

Mar 18, 2020

South Korean stocks crashed further Wednesday, hitting the lowest point in a decade, as the novel coronavirus panic spread despite stimulus packages released around the globe. The benchmark Kospi op...