The Korea Herald

Asian stocks nosedive, extending global rout on recession fears

Mar 13, 2020

TOKYO (AFP) -- Asian markets opened in freefall on Friday, extending a global rout that saw bourses experience their worst day in decades on fears of a recession caused by the coronavirus pandemic. ...
Seoul stock market crashes 6% as virus panic deepens

Mar 13, 2020

South Korea's stock market trading was halted Friday minutes after the opening bell due to sharp falls as panic sell-offs sparked by an overnight plunge on Wall Street amid growing concerns over the ...
[COVID-19 Market Impact] IPOs, business meetings delayed, commercial banks on high alert

Mar 12, 2020

Local brokerages and banks in Yeouido, the country’s main investment and financial district, have allowed employees to work from home as part of efforts to contain the new coronavirus. Over 73 percen...
[COVID-19 Market Impact] Stocks in steep decline, fear spreads to real estate, M&As

Mar 12, 2020

The commercial real estate segment will also likely feel the pinch if the pandemic causes a global economic downturn, according to property management firm CBRE. “A negative impact on demand for off...
Seoul stocks plummet to end at lowest since Aug. 2015

Mar 12, 2020

The Kospi plummeted more than 5 percent during Thursday trading, which triggered the stock exchange to temporarily halt trading on Korea’s main bourse, as investor sentiments weighed on the coronavir...
Seoul stocks open lower on US losses, WHO declaration

Mar 12, 2020

Seoul stocks opened lower Thursday, tracking renewed market turmoil on Wall Street, sparked by the UN health body's declaration that the new coronavirus is a pandemic. The benchmark Korea Composite ...
South Korea’s financial groups still lagging in board diversity

Mar 11, 2020

Seeking more female board representation in financial market, critics note limited power of revised rule on gender diversity in South Korea
Assetplus ex-CEO returns to top post

Mar 11, 2020

Assetplus Investment Management said Wednesday it has named Edward Yang as its new CEO following a shareholders meeting. This marks Yang’s return to the top post in four years -- he served in the to...
System errors blamed for investment losses

Mar 11, 2020

Kakao Bank users also failed to open some accounts due to the bank’s ID system error on Monday. The bank’s mobile ID process was delayed for hours as errors occurred on the website operated by the M...
No. of stock-trading accounts surpasses 30m

Mar 11, 2020

Despite the novel coronavirus outbreak continuing to roil financial markets, the number of active security accounts in South Korea has exceeded 30 million for the first time, according to data from t...
Fitch sees limited impact of coronavirus on memory chip market

Mar 10, 2020

Global rating agency Fitch Ratings Inc. said Tuesday the global memory chip market will suffer a limited risk of supply disruptions in the short term from the spreading coronavirus outbreak. The mem...
S. Korea to tighten rules on stock short selling amid market rout

Mar 10, 2020

South Korea's financial authorities said Tuesday they will tighten regulations on stock short selling as part of market stabilization measures amid increased fluctuations sparked by the outbreak of t...
Woori Financial chief files for court injunction against reprimand

Mar 9, 2020

The head of South Korea's Woori Financial Group has sought a court injunction against the financial watchdog's recent reprimand over improper selling of derivatives-linked products, people familiar w...
Renewed coronavirus fear wobbles Korea’s financial markets, volatility increases

Mar 9, 2020

Stock market sees largest drop in 17 months, 3-year Treasurys yield tumbles below 1% for first time
Kolon Industries, SKC finalize stake sale of PI film company

Mar 9, 2020

Korean chemical materials manufacturers Kolon Industries and SKC have sold their stakes in SKC Kolon PI, a polyimide film maker, for some 300 billion won ($250 million) in a bid to acquire seed fundi...