The Korea Herald

Seoul apartment prices in non-Gangnam areas rise upon mortgage ban

Jun 1, 2020

Despite the government’s tightened regulations to curb apartment prices in Seoul, the average rate has risen during the first five months this year, particularly in the middle-class districts, data s...
BC Card’s QR code payment available at 7-Eleven

Jun 1, 2020

Card processing firm BC Card said Monday that its QR code payment system will be available at 7-Eleven convenience stores, operated by retail firm Korea Seven. Korea Seven, a subsidiary of retail gi...
Seoul stocks climb to near 3-month high on hopes of economic recovery

Jun 1, 2020

South Korean stocks closed sharply higher Monday on hopes of a quick economic recovery prompted by a government push for a third supplementary budget and eased concerns over tensions between the Unit...
SCM Lifescience lowers IPO price in second attempt

Jun 1, 2020

South Korea’s biotech firm SCM Lifescience said Monday it has decided to lower its initial public offering price range to attract more investors for its market debut this month on the Kosdaq. By iss...
KB Asset launches AI-powered fund to invest in global ETFs

Jun 1, 2020

Seoul-based KB Asset Management said Monday it has launched an open-ended fund that invests in exchange-traded funds at home and abroad, powered by its own artificial neural network for automated por...
Institutions' investment in foreign securities down in Q1

Jun 1, 2020

South Korean institutions' investment in foreign securities dropped in the first quarter, central bank data showed Monday, partly due to a market slump caused by the COVID-19 pandemic. The combined ...
Seoul stocks open higher on eased US-China tension worries

Jun 1, 2020

South Korean stocks opened higher Monday, buoyed by the milder-than-expected US countermeasures against China's passing of the national securities law on Hong Kong. The benchmark Korea Composite Sto...
[Contribution] Is there value in Asian USD bonds?

May 31, 2020

The Korea Herald is running a regular contribution series written by senior investment strategists at Standard Chartered Group Wealth Management. -- Ed. Prices of Asian US dollar-denominated corpora...
KT&G likely to get slap on wrist for alleged accounting fraud

May 31, 2020

An audit review committee under South Korea’s financial regulator has concluded that tobacco maker KT&G did not intentionally violate accounting rules when it acquired an Indonesian firm in 2011, acc...
Top market cap firms expand presence amid IT, bio boom

May 31, 2020

The combined market cap value of South Korea’s 10 largest companies account for almost 45 percent of the entire market, as IT and bio companies gained popularity amid the continued COVID-19 pandemic,...
Big guns to revive Korea’s lackluster IPO market

May 31, 2020

No. of firms applying for listing quadruples in March-May
Seoul stocks end higher on finance minister's FX intervention comments

May 29, 2020

Seoul stocks ended slightly higher Friday, after South Korea's finance minister hinted at possible intervention in case of volatility in the local currency markets. The Korean won rose against the US...
[Newsmaker] BTS label Big Hit gears for IPO

May 29, 2020

The South Korean music label behind K-pop sensation BTS has filed for a preliminary review for an initial public offering, according to the nation’s stock market operator Korea Exchange (KRX) on Frid...
S. Korea hints at intervention in FX market

May 29, 2020

SEJONG -- South Korea's finance minister said Friday the government will act boldly if volatility rises in the foreign exchange market. Finance Minister Hong Nam-ki said "herd behavior" has been see...
Seoul stocks open lower on Wall Street losses

May 29, 2020

South Korean stocks opened lower Friday, tracking overnight losses on Wall Street amid rising Sino-American tensions over China's passing of a new national security law on Hong Kong. The benchmark K...