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NH Bank forges consortium for cryptocurrency servicesJun 10, 2020NH NongHyup Bank announced Wednesday its partnership with a local law firm as well as blockchain developer to set up a consortium for jointly developing financial services using virtual assets. The ... -
Seoul stocks open lower on profit-takingJun 10, 2020South Korean stocks opened lower Wednesday as investors raked in profits while taking a wait-and-see approach on the results of the US Federal Reserve meeting due this week. The benchmark Korea Comp... -
Viva Republica in hot water over unauthorized payments on its fintech platformJun 9, 2020Viva Republica, which runs the money transfer platform Toss, says it has recently found unauthorized payments made on its system, and is working to find the exact causes of the incident. According t... -
K bank gears up to resume operations after hiatusJun 9, 2020K bank is working to resume operations in July after a monthslong hiatus due to liquidity problems, according to industry insiders Tuesday. South Korea’s first internet-only bank recently announced ... -
Seoul stocks extend rally to 8th session, won sharply upJun 9, 2020South Korean stocks closed higher Tuesday, extending a winning streak to an eighth consecutive session on hopes for economic recovery and ahead of the Fed meeting this week. The Korean won sharply ro... -
Billions traded in first month of data exchange market: FSIJun 9, 2020South Korea’s financial data exchange platform, the first of its kind here, has seen billions of won worth of data being traded there in its month. Since kicking off on May 11, the platform has repo... -
Arrest warrant rejection likely to give Samsung stocks temporary boost: reportJun 9, 2020A court’s rejection of the prosecution’s request to arrest Samsung Electronics Vice Chairman Lee Jae-yong on Tuesday, appears to have temporarily cleared uncertainties surrounding the chip giant’s op... -
Over 310,000 students benefit from Mirae Asset founder’s donationJun 8, 2020Mirae Asset Financial Group founder Park Hyeon-joo has backed a total of 315,119 students over two decades as Park donated his dividend income, the group said Monday. The fund was offered through Mi... -
Market rally likely to continue despite concerns over Covid-19 impactJun 8, 2020The South Korean stock market has been bullish in recent weeks thanks to abundant liquidity here and abroad given efforts to boost the coronavirus-battered economies. The nation’s main bourse Kospi h... -
Seoul stocks extend winning streak to 7th session despite Samsung lossesJun 8, 2020South Korean stocks closed higher Monday, extending a winning streak to a seventh consecutive session despite losses in Samsung Electronics and other Samsung affiliates' shares. The Korean won rose a... -
Authorities to open up public financial database to public for innovationJun 8, 2020As part of its move to nurture the data-based financial industry and financial technology businesses, Korea’s financial authorities will open up 44.5 million pieces of public financial data to the pu... -
Housing prices to climb as lower interest rates drive up demandJun 8, 2020Housing prices in South Korea are expected to rise in the latter half of this year due to growing demand buoyed by lower interest rates, the Eugene Investment and Securities said in its quarterly rep... -
Foreigners extend stock sell-off to 4th straight month in MayJun 8, 2020Foreign investors became net sellers of South Korean stocks in May, extending their selling spree to a fourth straight month, data showed Monday. Foreigners sold a net 4.06 trillion won ($3.3 billio... -
Seoul stocks open higher on Wall Street gainsJun 8, 2020South Korean shares opened higher Friday, tracking gains on Wall Street that followed an estimate-beating jobs report in the United States. The benchmark Korea Composite Stock Price Index (KOSPI) ro... -
![[Banks of Future] Virtual banks come of age in COVID-19 era](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/06/07/20200607000198_0.jpg)
[Banks of Future] Virtual banks come of age in COVID-19 eraJun 7, 2020Amid the lingering virus pandemic, South Korea’s online banks are expanding their foothold faster than expected, and are gearing up for IPOs and partnerships with financial behemoths.
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01Health officials continue to give grim warning over COVID-19
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05[Newsmaker] S. Korea begins using remdesivir to treat COVID-19
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Seoul city moving to pay COVID-19 emergency relief funds to foreigners06
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07Tripartite dialogue falls apart just 15 minutes before striking final deal
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09Infection cases at Daejeon school unnerves education authorities
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