The Korea Herald

Moon appointed IBK CEO vows corporate innovation amid stiff union resistance

Jan 14, 2020

President Moon urges labor union to accept chief’s appointment
Goldman Sachs, SK to jointly invest W50b in cold warehouse operator

Jan 13, 2020

Global investment bank Goldman Sachs and SK Holdings said Monday they plan to jointly invest 50 billion won ($43.3 million) in Belstar Superfreeze, a South Korean entity that develops and operates co...
[Exclusive] Gender issues cost Deloitte Consulting place in Asia-Pacific unit: sources

Jan 13, 2020

Seoul office confirms exclusion, but denies female leadership was an issue
Visa Korea to launch new services amid changing fintech landscape

Jan 13, 2020

Visa Korea on Monday announced plans to launch new services this year, in an effort to grow its presence in the emerging segments of big data and contactless payment solutions. To help its corporate...
Korean realty investments in Europe jump 122%

Jan 13, 2020

South Korean investments in European commercial real estate assets in 2019 jumped 122 percent on-year to 12.5 billion euros ($13.9 billion), on the back of Korean investors’ foreign exchange hedging ...
Hanjin KAL proxy fight looms as new investor comes to light

Jan 12, 2020

Hanjin KAL, the holding company of South Korea’s No. 1 air carrier Korean Air, is likely to face a proxy fight over its management, after it welcomed affiliates of builder Bando Group as major stakeh...
Green Cross eyes W200b acquisition of EMR software vendor

Jan 12, 2020

A consortium led by South Korean biopharmaceutical company Green Cross has been selected as the preferred bidder for the majority stake sale of UBCare, the nation’s No. 1 electronic medical records s...
Investors accuse Lime, Shinhan, Woori of fraud after hedge fund debacle

Jan 10, 2020

Three individual investors have filed criminal complaints against representatives of Lime Asset Management, Shinhan Investment and Woori Bank, accusing them of fraud and capital market law violations...
KDB, K-Growth to earmark W400b fund for supply chain autonomy

Jan 9, 2020

South Korea‘s state-owned lender Korea Development Bank and state-led fund-of-funds management company Korea Growth Investment (K-Growth) are looking for partners to earmark a combined 400 billion wo...
[News Analysis] Can Delivery Hero-Woowa deal reshape Korea’s food delivery market?

Jan 8, 2020

Antitrust agency’s review of $4b deal likely to redefine boundary of fast-evolving industry
Lime Asset’s fund fiasco weighs on local banks

Jan 7, 2020

Local banks, including Woori and Shinhan, take flak for sales of risky funds
[News Focus] ESG drive of Korean banks in spotlight

Jan 6, 2020

Commitments highlighted for responsible restructuring; critics question nature of ESG initiatives in banking sector saying it doesn’t fit purpose
Korea's FX reserves hit record high in Dec.

Jan 6, 2020

South Korea's foreign exchange reserves climbed to a record high in December on the back of the weakening of the US greenback, which pushed up the dollar value of other foreign currencies held by the...
Major banks up ante for W2tr Prudential Life bid

Jan 5, 2020

Major banking groups in South Korea are revealing their appetite for what could become the largest acquisition deal in the nation’s financial industry this year: a 100 percent stake in Prudential Lif...
Wonik QnC embraces Momentive’s quartz operation for $266m

Jan 3, 2020

South Korea’s fabricated quartz maker Wonik QnC said Friday it had completed an acquisition of quartz and ceramics business units owned by New York-based company Momentive Performance Materials for $...