The Korea Herald

BNP Paribas to exit from asset management joint venture with Shinhan

Jan 15, 2021

France-based BNP Paribas Asset Management Holding is set to divest its entire stake in its South Korean joint venture with Shinhan Financial Group, the Korean banking group said Friday. Shinhan BNP ...
Moon to invest W50m in Korean New Deal funds: Cheong Wa Dae

Jan 13, 2021

President Moon Jae-in will invest a total of 50 million won ($45,600) into new major funds intended to support the government's Korean-version New Deal project, his office said Wednesday. The presid...
NPS vows to beef up overseas investment through reshuffle

Jan 13, 2021

South Korea‘s public pension scheme, the National Pension Service, pledged Wednesday to add resilience to its capital deployment to overseas assets through a structural reorganization. Through the r...
S. Korea's money supply growth quickens in November

Jan 13, 2021

South Korea's money supply continued to grow quickly in November last year, as loans to households and firms increased amid the coronavirus pandemic, central bank data showed Wednesday. The country'...
Banks expected to tighten grip on loans in Q1 amid pandemic: poll

Jan 13, 2021

Banks in South Korea are expected to tighten their lending to households and the small business sector in the first quarter of this year, as credit risks will remain high amid the pandemic, a central...
‘No assistance to SsangYong Motor if labor dispute unresolved’

Jan 12, 2021

Policy lender Korea Development Bank Chairman Lee Dong-gull said Tuesday that SsangYong Motor’s fate on getting financial assistance depends on its promise of stopping labor disputes until the cash-s...
KB Financial chief vows to accelerate digital transformation

Jan 11, 2021

KB Financial Group Chairman Yoon Jong-kyoo on Monday urged the group’s employees to strive to gain a digital foothold in the banking industry to become the nation’s No. 1 financial platform company. ...
Credit loans soar again amid relaxed rules, bullish market

Jan 10, 2021

Credit loans climbed back up in the first week of 2021, fueled by a bullish stock market and eased bank loan rules, data showed Sunday. The total credit loan balance of the major five commercial ban...
Korean venture capital E& leads merger of clinical stage biotech firms

Jan 7, 2021

E& Investment, a South Korean venture capital that specializes in the bio and health care sectors, said Thursday that NeuroBo Pharmaceutical, in which the company owns a 40 percent stake, had acquire...
NPS to oppose Korean Air’s capital increase scheme

Jan 5, 2021

South Korea’s public pension fund the National Pension Service said Tuesday it would vote against Korean Air’s plan to issue new common shares, which is deemed pivotal to the planned takeover of debt...
IBK to begin operation in Myanmar this month

Jan 3, 2021

The Industrial Bank of Korea said Sunday it will officially launch and operate a local subsidiary in Yangon, the largest city of Myanmar as early as this month, which marks its third overseas unit, f...
Pandemic sinks FSC plan for 2020 Woori stake sale

Dec 30, 2020

A plan to sell some of the government’s stake in Woori Financial Group this year foundered due to the high market volatility triggered by the COVID-19 pandemic, the financial regulator said Wednesday...
Saemaul Geumgo launched in Laos

Dec 29, 2020

The Korean Federation of Community Credit Cooperatives said Tuesday it has launched Saemaul Geumgo, a community based financial institution supervised by the KFCC, in a rural village in Laos. In par...
Shinhan Bank to accept passports as ID method for contactless services

Dec 29, 2020

Shinhan Bank will accept passports when verifying the personal identification of its mobile customers, as part of its efforts to expand access to the bank’s contactless services to foreign and younge...
[Photo News] BTS stars in KB Kookmin's ad for Indonesia

Dec 28, 2020

KB Kookmin has been expanding its presence in Indonesia in recent years and has so far acquired a 67 percent stake in Bank Bukopin, making it the largest shareholder. By Jung Min-kyung ( mkjung@her...