The Korea Herald

Retail investors’ ownership of Samsung Electronics stock doubles

Aug 19, 2021

Increase seems fueled by dividend payouts, stock gifts to children
Seoul stocks open lower on US tapering talks

Aug 19, 2021

South Korean stocks opened lower Thursday as investor sentiment weakened over the US Federal Reserve minutes that hinted at the possibility of an earlier-than-expected tapering timeline. The benchma...
South Korean retail stock investors ‘at risk’ from foreign selling spree

Aug 18, 2021

The routine of South Korean retail investors picking up massively offloaded shares by foreigners has continued since last week, but experts have been raising concerns over growing risks of their buyi...
Seoul stocks snap 8-session losing streak ahead of Fed's minutes release

Aug 18, 2021

South Korean stocks rose Wednesday, snapping an eight-session losing streak as investors expected the US. Federal minutes would cause little ripples on tapering of stimulus policies. The Korean won r...
Bithumb enjoys robust growth in H1

Aug 18, 2021

Bithumb Korea, the operator of a local cryptocurrency exchange, saw a 1,100 percent jump in its net profit, according to a financial statement of Vident, the largest shareholder of the exchange on We...
Seoul stocks open slightly lower on Afghanistan uncertainties

Aug 18, 2021

South Korean stocks opened slightly lower Wednesday, tracking a stock plunge on Wall Street that stemmed from reports on Taliban's earlier-than-expected control of the Afghanistan capital. The bench...
KakaoBank’s net profit jumps 156% in H1

Aug 17, 2021

The company’s interest income accounted for 72 percent of its operating profit, while income from fees and platforms together made up 25 percent. The quarter’s loan growth was driven by housing loans...
Seoul stocks down for 8th day on disappointing Chinese economic data

Aug 17, 2021

South Korean stocks retreated for an eighth straight session Tuesday as disappointing Chinese economic data raised concerns about a slowdown in global economic recovery. The Korean Won fell against t...
Early-morning delivery platforms rush into IPO race

Aug 17, 2021

E-commerce platform companies that gained popularity for their early-morning delivery services in South Korea are rushing to tap the local stock market, which is enjoying high liquidity and increased...
IFC names new regional director of East Asia and Pacific

Aug 17, 2021

The International Finance Corp., a member of the World Bank Group, said Tuesday that it has appointed Kim-See Lim as the new regional director of East Asia and the Pacific. The Malaysian national wi...
Chinese top foreign buyers of Korean real estate

Aug 17, 2021

Amid the steady growth of property ownership by foreign nationals in South Korea, Chinese acquisition of real estate ranked first for the ninth consecutive year, industry data showed Tuesday. Accord...
Seoul stocks open slightly higher on tech rebound, financial gains

Aug 17, 2021

South Korean stocks opened a tad higher Tuesday as tech large caps showed signs of a rebound from their weeklong plunge, in addition to strong advances by financial stocks. The benchmark Korea Compo...
IBK woes continue in Indonesia

Aug 16, 2021

The state-run Industrial Bank of Korea’s Indonesian subsidiary, its largest ASEAN business, fell deeper into the red in the second quarter, while its Korean rivals are raking in robust profits from t...
Samsung Asset’s hedge fund arm merger falls through

Aug 16, 2021

Samsung Asset Management has withdrawn its plan to merge its hedge fund arm following a yearslong delay since the announcement, a filing showed Monday. The proposed merger of Samsung Asset and its w...
Tesla stocks lose luster among Korean investors

Aug 16, 2021

South Korean investors’ appetite for shares in electric vehicle maker Tesla has been on the wane over the past few months, with many turning to vaccine-related stocks, including Moderna, data showed ...