The Korea Herald

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...
[#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...