The Korea Herald

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...
[#WeFace] EVs, green loans and less paper: S. Korean banks take baby steps toward ESG

Apr 1, 2021

Despite ‘green campaigns,’ project financing for coal projects remains an issue
NPS returns 2.4%, slightly reduces domestic stock weighting in Jan.

Mar 31, 2021

South Korea‘s largest institutional investor the National Pension Service gained 2.35 percent in January from its allocation, its preliminary data showed Wednesday. The monthly disclosure also showe...
BlackRock to hive off retail fund business in Korea

Mar 31, 2021

US investment firm BlackRock said Wednesday that it aims to sell its onshore retail fund business in South Korea to a local peer, DGB Asset Management, as part of its business restructuring in the co...
Education startup Ringle raises W10b

Mar 31, 2021

Ringle English Education Service, a South Korean education technology startup that provides 1:1 English tutoring services, said Tuesday that it had raised 10 billion won ($8.8 million) from investors...
Korean multistrategy hedge fund is APAC's top performer of 2020: Preqin

Mar 31, 2021

A multistrategy hedge fund by a South Korean manager logged the highest annual net return for 2020 in the Asia-Pacific region, data showed Wednesday. The hedge fund, Gudo TAO Fund 1, net returned 12...
KB Asset fetches W3tr for ESG-themed funds

Mar 31, 2021

The combined value of KB Asset Management’s environmental, social and corporate governance funds exceeded 3 trillion won ($2.7 billion), the South Korean company said Wednesday. Its ESG-themed funds...
IMM PE to exit from Taihan Electric Wire for W251.8b

Mar 29, 2021

IMM Private Equity has agreed to sell a 40 percent stake in Taihan Electric Wire to Hoban E&C for 251.8 billion won ($222.2 million) to exit from the industrial wire maker, a filing showed Monday. T...
S. Korea’s e-payment up 32% to daily average of W700b

Mar 29, 2021

Electronic payments in South Korea increased 32.7 percent on-year in 2020, hitting a record high of 705.5 billion won ($624 million), in terms of daily average transactions, amid the COVID-19 pandemi...
[Feature] Korean banks’ Myanmar ambition dashed by rising political unrest

Mar 28, 2021

Lenders’ overseas expansion strategy in question as Myanmar’s economic development backtracks over turmoil
Major banking groups hint at higher dividends at shareholders meetings

Mar 26, 2021

South Korea’s major banking groups expressed a willingness to review various ways to increase their dividend payouts -- including interim dividends – amid government restrictions that have placed a c...
Eximbank CEO named richest public servant in finance

Mar 25, 2021

The state-run Export-Import Bank of Korea CEO Bang Moon-kyu was named the richest public official in a financial institution, with net worth amounting to some 5.9 billion won ($5.2 million) as of end...
Real estate investment firm Mastern launches US arm

Mar 25, 2021

Seoul-based real estate investment firm Mastern Investment Management said on Thursday that its subsidiary in the United States, Mastern America, began operation earlier this week. The launch will h...