The Korea Herald

Brokerages looking ahead to new growth engines, global markets

Jan 2, 2020

Amid a sluggish market and harsher business conditions in 2020, South Korea’s brokerages on Thursday stressed the need to seek new growth engines and market opportunities overseas. Choi Hyun-man, ex...
Banking groups vow to regain customers’ trust in 2020

Jan 2, 2020

With a new year stretching ahead, the chiefs of Korea’s top-tier banking groups underlined the urgent need to restore customers’ trust, defining the latest market situation as a “crisis.” While poin...
[News Focus] Will S. Korea’s stock market recover vitality in 2020?

Jan 1, 2020

Brokerages say Kospi may rise to 2,450, with possibility of falling below 2,000 due to global trade disputes
Probable top-down nomination of new IBK CEO triggers backlash

Dec 31, 2019

The state-run Industrial Bank of Korea faced the new year amid heated controversy concerning the likely nomination of a former senior presidential aide as its next CEO. On Tuesday, Reps. Chae Yi-bai...
Kospi falls below 2,200, Kosdaq rises near 670 in 2019 finale

Dec 30, 2019

South Korea’s stock market continued its sluggish performance on Monday -- the last trading day of 2019 -- amid a lack of significant momentum. The benchmark Kospi closed at 2,197.67 points, down 0....
[Best Brand] Mirae Asset Daewoo banks on diversified global investment

Dec 30, 2019

Mirae Asset Daewoo / Securities firm South Korean brokerage Mirae Asset Daewoo said Monday it had expanded its presence by creating synergy with multiple businesses -- such as investment banking and...
Bithumb faces W80b taxation, despite lack of assessment standards

Dec 29, 2019

South Korea’s tax agency has handed down more than 80 billion won ($68.9 million) in taxation on the market’s top cryptocurrency exchange Bithumb, raising controversies on the lack of assessment stan...
Hyundai Capital’s car-sharing service helps digitalization of rental firms

Dec 29, 2019

Hyundai Capital’s car-sharing service Deal Car has partnered with local small and medium-sized rental firms to help them digitalize their operations and platforms. According to the consumer financia...
[News Focus] Can NPS shareholder engagement curtail power of chaebol?

Dec 29, 2019

The world’s third-largest pension fund, South Korea’s National Pension Service, may opt to present shareholder proposals to its portfolio companies in Korea -- which number as many as 800 -- starting...
Gold investment marks biggest profit in 2019

Dec 29, 2019

Low-risk assets grow popular amid volatility
Hana Financial Investment, Hotel Lotte buy $175m hotel in US

Dec 29, 2019

Korean brokerage Hana Financial Investment said Sunday that it had acquired a premium hotel in the US, marking its first acceptance financing business via strategic partnership. The brokerage firm o...
Regulator to punish heads of 2 banks for derivatives-linked product fiasco

Dec 29, 2019

South Korea's financial regulator is planning to punish the heads of two commercial lenders for their improper sales of derivatives-linked products, industry sources said Sunday. According to the so...
Seoul shares to trade flat on geopolitical issues

Dec 28, 2019

South Korean stocks are predicted to stay mostly flat next week as investors are expected to sit on the sidelines amid the possibility of a provocation by North Korea, analysts said Saturday. The be...
Seoul stocks open lower, tech rally continues

Dec 27, 2019

South Korean shares opened lower Friday as investors cashed in recent profits ahead of the final trading session of 2019 slated for next week. But major tech stocks continued to build up gains. The ...
NH Investment & Securities launches hedge fund firm

Dec 26, 2019

NH Investment & Securities, the country’s second-largest securities firm by net assets, launched a hedge fund company as its own subsidiary, the company said Thursday. NH Hedge Asset Management will...