The Korea Herald

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...
Shinhan Financial becomes 2nd Korean member of VBA

Mar 23, 2021

Shinhan Financial Group said Tuesday it became the first Asian financial holding firm to join the nonprofit Value Balancing Alliance in Frankfurt, Germany, a cross-industry organization developing a ...
Coupang becomes hottest foreign stock for Koreans in debut week

Mar 22, 2021

South Korean investors‘ net capital inflow into Coupang shares came to $87.5 million in its first week on the New York Stock Exchange, data showed Monday. The figure was the highest among foreign st...
Frequent listing and delisting of cryptocurrencies raise concerns and risks

Mar 21, 2021

The number of listed cryptocurrencies has soared in the past four years, as the rapid rise of the price of Bitcoin attracts investor attention to digital assets. However, investors should be cautious...
S. Korean bankers received an average salary of W100m in 2020

Mar 21, 2021

South Korean bankers under four major lenders here saw an average median pay increase of over 8 percent in the past three years, making nearly 100 million won ($88,500) on average last year despite a...