The Korea Herald

Korea’s FX reserves sharply drop in March

Apr 3, 2020

South Korea’s foreign exchange reserves last month posted the sharpest drop in over a decade due to the government’s intervention in the foreign exchange market and the strengthened US dollar value, ...
Deal shows virus-hit airlines can sell debt but cost steep

Apr 2, 2020

A bond deal by South Korea’s biggest airline showed that while carriers pummeled by the coronavirus pandemic can still sell debt, they will need to pay a steep price. The fee Korean Air Lines paid u...
Korea's proposed M&As shrink to half in Q1

Apr 2, 2020

The volume of proposed mergers and acquisitions in South Korea has shrunk to about half in the first quarter of 2020, reflecting the impact of the novel coronavirus, data showed Thursday. The first ...
BlackRock offloads W130b stake in NCSoft

Apr 2, 2020

US investment house BlackRock Fund Advisors has offloaded its 1.01 percent stake in South Korea’s game software developer NCSoft to cash out 129.57 billion won ($105.1 million), a filing showed Thurs...
NH brokerage unit tops list of average salary

Apr 2, 2020

NH Investment and Securities, a local brokerage firm under NH Financial Group, last year paid 123 million won ($99,600) in annual salary on average, higher than any company with assets over 10 trilli...
[Market Close-up] Doosan Heavy looks to sell affiliates

Apr 1, 2020

Offloading stakes in key affiliates seen as inevitable, but sales may face hurdles
Hana Bank picks actor Kim Soo-hyun as new model

Apr 1, 2020

Hana Bank said Wednesday that it has selected Korean actor Kim Soo-hyun as its new model for TV commercials. “Kim Soo-hyun embodies the bank’s global image,” said an official. “His strong public imp...
Major banks’ total dividend payouts surge 20% in 2019

Mar 31, 2020

Six major banks in South Korea paid a combined 4.7 trillion won ($3.86 billion) in dividends to shareholders last year, which was nearly 20 percent up from the previous year, their annual reports sho...
Financial regulator backs KDB ownership of insurer

Mar 30, 2020

South Korea’s financial regulator Monday cleared uncertainties, allowing the Korea Development Bank to take control of a local insurer unit for the time being and buy the time to sell it off. A priv...
Card firms' 2019 net down 5.3% on increased costs

Mar 30, 2020

South Korean credit card firms saw their combined net profit fall 5.3 percent in 2019 from a year earlier due mainly to increased loan-loss reserves and marketing spending, data showed Monday. The c...
Hanjin KAL’s proxy war to intensify despite activist fund's defeat

Mar 27, 2020

South Korea’s activist private equity fund Korea Corporate Governance Improvement on Friday vowed to restore Hanjin Group “back on track,” signaling its push for activism despite the Friday defeat. ...
Korean firm buys stake in Russian liver cancer therapy developer for $20m

Mar 27, 2020

Seoul-based Thelma Therapeutics said Friday it has closed a deal to buy 27 percent stake in Russian liver cancer therapy developer for 24.3 billion won ($20 million), to tap the overseas health care ...
$Financial watchdog warns Woori, Hana over board infractions$

Financial watchdog warns Woori, Hana over board infractions

Mar 26, 2020

The Financial Supervisory Service on Thursday issued warnings to two major banking groups here -- Woori and Hana -- directing them to improve their overall transparency and corporate governance. The...
[Weekender] How to raise W100m by 30: Millennial investment strategies

Mar 26, 2020

Defying YOLO image, some millennials start investing in their 20s
KB Card to lease Apple products

Mar 26, 2020

Local credit card issuer KB Kookmin Card said Thursday it will launch a new leasing service of Apple devices -- from iPhones to iPads -- starting April. The company will purchase products on behalf ...