The Korea Herald

Kakao Games to debut on Kosdaq on Thursday

Sept 8, 2020

Kakao Games, the game developing unit of South Korean mobile giant Kakao, will debut on the tech-heavy Kosdaq market Thursday, the Korea Exchange said Tuesday. The company's public offering price is...
CLSA derides Moon’s New Deal fund

Sept 8, 2020

A report by Hong Kong-based investment bank CLSA lashed out at President Moon Jae-in‘s Korean New Deal initiative and the 20 trillion-won ($16.8 billion) fund to finance the projects, claiming his sc...
BOK to buy 5tr won worth of state bonds by end-year to stabilize market

Sept 8, 2020

The Bank of Korea (BOK) said Tuesday it plans to buy state bonds worth 5 trillion won ($4.2 billion) directly from the market by the end of this year in a bid to stabilize the debt market. The move ...
Seoul stocks surpass 2,400-level on European monetary easing hopes

Sept 8, 2020

South Korean shares gained for a second consecutive session on Tuesday as investors pin hopes on the possibility that the European Central Bank (ECB) may signal further easing moves in its upcoming m...
Apartment prices in Seoul, elsewhere continue to soar

Sept 8, 2020

Despite the government’s claim that the housing market is stabilizing, apartment prices in Seoul increased in August from the previous month and the same was true for other cities across the nation, ...
Seoul stocks open higher on tech, bio gains

Sept 8, 2020

South Korean shares opened higher Tuesday, buoyed by tech and bio gains on the main bourse. The Korea Composite Stock Price Index (KOSPI) rose 16.84 points, or 0.71 percent, to 2,401.06 in the first...
Number of KakaoPay Securities subscribers reaches 2 million

Sept 7, 2020

KakaoPay Securities, the stock brokerage arm of mobile messenger giant Kakao, said Monday that it saw its number of subscribers exceed 2 million some six months after the firm’s official launch on Fe...
[Herald Interview] TBT aims to link innovation-seeking conglomerates with startups

Sept 7, 2020

Local venture capital house focuses on startups with life-changing ideas, digital health care solutions
Bio sector benefits most from K-New Deal Indexes

Sept 7, 2020

In line with the “Korean New Deal” economic stimulus package proposed by the administration of President Moon Jae-in, the nation’s sole bourse operator launched indexes on Monday that will be tracked...
Seoul stocks rebound on Samsung, bio gains

Sept 7, 2020

South Korean shares rebounded Monday, led by an advance in top cap Samsung Electronics and some bio stocks. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index...
Seoul stocks open tad lower over new coronavirus concerns

Sept 7, 2020

South Korean shares opened slightly lower Monday on weak investor sentiment as the country's new coronavirus cases continue to stay at a three-digit figure. The benchmark Korea Composite Stock Price...
[Herald Interview] From organizing portfolios to educating heirs: Total wealth management for the superrich

Sept 6, 2020

Amid an increasing number of affluent people in Korea, Samsung Securities launches a multifamily office similar to Goldman Sachs, UBS
[Newsmaker] Big Hit CEO Bang Si-hyuk likely to hit jack pot with IPO

Sept 6, 2020

The scheduled initial offering of Big Hit Entertainment, the label behind K-pop boy band BTS, is likely to make its CEO Bang Si-hyuk one of the wealthiest people in South Korea The Big Hit CEO is cu...
Some 40,000 retail traders come out empty-handed in Kakao Games IPO preorder

Sept 6, 2020

Although mobile game publisher Kakao Games’ initial public offering subscription last week was the talk of the town in South Korea, some retail investors who took part in the preorder session did not...
Seoul stocks dip more than 1% on Wall Street plunge

Sept 4, 2020

The South Korean stock market dipped by more than 1 percent to snap a three-day winning streak on Friday as market heavyweights came under heavy selling pressure in line with a plunge on Wall Street....