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With low interest rates and nowhere to invest, more opt to simply hold moneyJul 2, 2020Major banks in South Korea saw their time deposits decline from a month earlier in June, while their money market deposits jumped sharply, apparently suggesting more people were hoping to invest thei... -
Watchdog urges full compensation for damages from ponzi-involved Lime fundJul 1, 2020South Korea’s financial watchdog Financial Supervisory Service on Wednesday urged 10 financial institutions to fully compensate for investors’ losses, holding them accountable for their inadvertent d... -
Korean PEF inches closer to KDB Life acquisitionJul 1, 2020Korean private equity firm JC Partners has become a preferred bidder to buy a controlling stake in KDB Life Insurance, in policy lender Korea Development Bank’s move to exit from a troubled financial... -
NPS to invest W800b through private equity firmsJun 30, 2020South Korea’s National Pension Service said Tuesday it has selected five private equity firms as external partners to invest a combined 800 billion won ($665.28 million) in private equities. Accordi... -
FSC urges lenders to build capital buffer for prolonged pandemicJun 30, 2020South Korea’s top financial regulator Tuesday called on local lenders to build up their capital conservation buffer to absorb losses in preparation for the prolonged COVID-19 crisis. “(The FSC) urge... -
NH Bank hires ex-Samsung exec as new chief digital officerJun 29, 2020NH NongHyup Bank said Monday that it will hire Lee Sang-rae, a former executive of Samsung SDS as its chief digital officer, a position that has been vacant for nearly six months. Lee, 56, is the fir... -
NPS joins hands with Allianz to eye $2.3b overseas propertiesJun 29, 2020South Korea’s largest institutional investor National Pension Service said Monday it has inked a partnership with Germany-based Allianz to co-invest in core real estate assets worth $2.3 billion acro... -
NH Prime REIT to invest in NY’s 195 Broadway, Paris’ Tour EqhoJun 28, 2020NH Prime REIT said Sunday it has decided to invest in landmark buildings in New York, Paris and Helsinki to expand its portfolio. South Korean banking group NH Financial’s real estate investment tru... -
![[Herald Interview] ‘Stock investing should be fun, not a battle’](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/06/25/20200625000689_0.jpg)
[Herald Interview] ‘Stock investing should be fun, not a battle’Jun 25, 2020Meritz Asset CEO urges educating young Koreans with basic stock investing for fundamental shift in equity culture -
![[Banks of Future] S. Korean banks transforming for ‘untact’ era](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/06/24/20200624000721_0.jpg)
[Banks of Future] S. Korean banks transforming for ‘untact’ eraJun 24, 2020IT experts from firms including Samsung hired for banks’ digitalization leadership, swift changes due with branch closures, machines replacing tellers -
Optimus fund freeze spooks investors as scrutiny intensifiesJun 24, 2020South Korea’s investment house Optimus Asset Management froze two more feeder funds worth a combined 29.7 billion won ($24.75 million) Wednesday, as prosecutors started to look into fraud allegations... -
Social contributions by financial groups hit record high in 2019Jun 23, 2020The combined spending by Korean financial institutions on social contributions hit a record high in 2019, data showed Tuesday. A total of 22 financial institutions in Korea, including five major loc... -
![[Banks of Future] With online banks rising, financial giants gear up for digital transformation](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/06/22/20200622000685_0.jpg)
[Banks of Future] With online banks rising, financial giants gear up for digital transformationJun 22, 2020The prolonged COVID-19 pandemic has taken its toll on domestic banks this year, with lower interest rate margins and enhanced loan regulations. The key challenge, however, is not the tangible loss s... -
Swedish pension fund blacklists Korean firm for alleged human rights abuses in PeruJun 22, 2020Swedish public pension fund AP7 has added SK Holdings, a South Korean company at the apex of SK conglomerate’s governance structure, to its blacklist of companies to be excluded from its investment u... -
Investment house Optimus under spotlight for alleged fraudJun 21, 2020South Korea’s Optimus Asset Management is being probed by financial authorities over allegations that it had breached contracts with fund investors in its portfolio construction. Investors in the pr...
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