The Korea Herald

Hit by COVID-19 fears, Seoul stocks plunge

Feb 24, 2020

Gold prices soar for sixth consecutive session as investors eye low-risk assets
Shinhan Bank closes branch on confirmed COVID-19 case

Feb 23, 2020

Shinhan Bank said Sunday that it is temporarily shutting down its branch at the Seongnam Industrial Complex Financial Center, Gyeonggi Province, after one of its employees tested positive for COVID-1...
[Herald Interview] Booming business at fabric maker amid soaring demand for masks

Feb 23, 2020

Local fabric maker E&H in full swing amid rising COVID 19 cases, seeks Kosdaq debut in H2
Coronavirus outbreak shakes up retail, realty markets in Korea

Feb 23, 2020

The COVID-19 outbreak is likely to deliver a severe blow to the South Korean economy, especially in the retail sector and real estate investments, according to global real estate service provider Cus...
Seoul stocks shed over W12tr on coronavirus woes

Feb 23, 2020

Kospi’s ranking among G-20 dips to 13th from 6th
Seoul stocks extend losses late Friday morning on virus woes

Feb 21, 2020

South Korean stocks extended losses late Friday morning amid rising concerns over the fast spreading novel coronavirus in the country. The benchmark Korea Composite Stock Price Index (KOSPI) fell 25...
Hyundai Capital eyes stake in vehicle leasing unit of German firm

Feb 20, 2020

South Korean auto financing firm Hyundai Capital said Thursday that it is in talks with German car rental giant Sixt SE to acquire a stake in the latter’s vehicle leasing unit, Sixt Leasing SE. The ...
Mirae Asset Daewoo’s overseas ETF wrap account sales surpass W100b

Feb 20, 2020

South Korean brokerage firm Mirae Asset Daewoo said Thursday its wrap account attracted a record net inflow of 100 billion won ($83.4 million). The fund is the first in Korea to surpass the mileston...
Watchdog chief says he feels sorry over Lime fiasco

Feb 20, 2020

The head of South Korea's financial watchdog said Thursday he feels sorry for the controversy surrounding the suspension of fund redemption by the country's largest hedge fund Lime Asset Management C...
COVID-19, Lime scandal pump brakes on stock rally

Feb 19, 2020

The COVID-19 virus entering a new phase here has put the brakes on local stock markets and the attempt for improved performance this year, along with the snowballing Lime Asset Management fiasco that...
Watchdog to probe investment firms, banks, brokerages over Lime scandal

Feb 18, 2020

Looking into a major hedge fund misselling fiasco involving Lime Asset Management, South Korea’s financial watchdog is likely to narrow its focus on three major vendors -- Shinhan Investment, Woori B...
Weak earnings, coronavirus fears weigh on Korean firms’ credit

Feb 18, 2020

Korean companies are facing imminent threats of credit downgrades, as they face a double whammy of weak 2019 earnings and novel coronavirus fears weighing on the global economy. Some of the firms ha...
On brighter chip prospects, market cap of Samsung up 10%

Feb 18, 2020

Only three groups with tech-related businesses see gains in market value; retailers suffer
Hyundai Capital’s ‘inclusive’ corporate culture wins local support

Feb 16, 2020

Auto finance firm among top employers in Canada
Individual Lime investors face losing entire principal

Feb 16, 2020

The entire amount of financial losses stemming from Lime’s funds is expected to rise to more than $1 billion, sparking deep distrust in private fund operatives and concerns over a lack of protective ...