The Korea Herald

Macquarie IM Korea rebranded after local PEF assumes control

Apr 12, 2021

Macquarie Investment Management Korea has been rebranded as Feynman Asset Management upon an acquisition deal proposed by a South Korean private equity firm, the company said Monday. The asset manag...
BNP Paribas, Shin & Kim holds ESG financing webinar

Apr 11, 2021

BNP Paribas South Korea said Sunday it had recently hosted a webinar to offer insight into green finance at home and abroad, as well as on law firms’ key roles in supporting companies’ environmental,...
Woori chief faces another penalty for misselling

Apr 9, 2021

South Korea’s financial watchdog on Friday imposed a penalty on Woori Financial Group Chairman Sohn Tae-seung, holding him responsible for its commercial banking unit’s misselling of funds tied to th...
NH NongHyup receives preliminary approval for Beijing branch

Apr 7, 2021

South Korea’s NH NongHyup Bank said Wednesday it has earned preliminary approval from China’s financial authorities to open a branch in Beijing. The nation’s sixth-largest lender by assets won the a...
Banking groups signal hope of launching internet-only banks

Apr 6, 2021

South Korean banking groups have approached the financial authorities in hopes of launching their own internet-only lenders, industry insiders said Tuesday, amid the growing popularity of platforms s...
NH Investment ‘fully responsible’ for W300b Optimus misselling: FSS

Apr 6, 2021

South Korea’s financial watchdog said Tuesday that it holds NH Investment & Securities, the nation’s second-largest brokerage firm by net assets, entirely accountable for the misselling practices ass...
Hanjin KAL stocks plunge as hostile takeover bid comes to standstill

Apr 5, 2021

Shares of Hanjin KAL plunged Monday as a hostile takeover bid of an activist investor group came to a standstill the week prior. Hanjin KAL, the holding company of the Hanjin conglomerate that contr...
FSC chief says HAAH still considering in SsangYong Motor

Apr 5, 2021

Financial Services Commission Chairman Eun Sung-soo said Monday that SsangYong Motor’s likely investor, US automotive distributor HAAH Automotive, asked the government to give more time before it mak...
Concerns rise as South Korea’s household debt nears GDP

Apr 5, 2021

Household debt in South Korea surged to nearly 100 percent of the nation’s gross domestic product, raising concerns that the central bank’s rate hikes may be placing a heavy burden on the household s...
Big tech may outsmart banks in data-driven credit scoring: report

Apr 5, 2021

Financial authorities warn of possible market monopoly by tech firms
Daily transactions of internet banking up 21% last year amid pandemic

Apr 5, 2021

Daily transactions of internet banking services in South Korea rose 20.6 percent last year as customers preferred using financial services in a non-contact manner amid the pandemic, central bank data...
Export-Import bank to offer Hyundai Motor W3tr for future mobility development

Apr 4, 2021

The Export-Import Bank of Korea has signed an agreement with Hyundai Motor to provide financial support to the automaker vying with global rivals to take the lead in future vehicle markets. Under t...
S. Korea’s W200b New Deal policy fund sees fast sales

Apr 4, 2021

Retail investors have snapped up almost all of a 137 billion-won ($121 million) fund aimed at promoting government-led projects under the Korean New Deal as of Sunday, as individuals seek to take adv...
Weathering COVID-19 crisis, institutional investors seek more alternative exposure to curb risks

Apr 2, 2021

South Korea‘s institutional investors were seen averting the COVID-19 crisis to take decent returns, and pledged to increase their exposure to alternative assets to control the latent volatility risk...
JB Financial sets up overseas business unit

Apr 1, 2021

JB Financial Group, the holding group of Jeonbuk Bank and Kwangju Bank, said Thursday it has launched a new division in charge of overseas business activities to expand its global presence. The bank...