The Korea Herald

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...
[Top Bankers] What South Korea’s longest-serving bank chief faces in 2021

Mar 21, 2021

Kim Jung-tai tasked with smooth succession, digitalization, overseas expansion in his final year at Hana
New dividend payout rule to take center stage at banks’ shareholders meetings

Mar 19, 2021

New dividend payout programs are set to take center stage at shareholders meetings next week as banking giants seek to appease shareholders amid growing discontent over new regulations that limit the...
NPS denies rumors of adjusting targets of domestic equity allocation

Mar 19, 2021

South Korea’s largest public pension body, the National Pension Service, on Friday denied local news reports that it was considering reweighting its investment portfolio and raising its domestic stoc...
KCGI in predicament as hostile takeover bid for KAL fizzles out

Mar 18, 2021

KCGI’s history of shareholder activism dates back to late 2018. KCGI first emerged as a blockholder of Hanjin KAL in November 2018. The PEF disclosed that it had a 9 percent stake in the company and...
Decisions loom for Woori, Shinhan executives over Lime fiasco

Mar 18, 2021

The country’s two major lenders Shinhan Bank and Woori Bank have come under scrutiny again over their sale of unsound products of scandal-ridden Lime Asset Management after being called to a financia...
Local private equity firm to inject W80b in T'way Air

Mar 17, 2021

South Korea’s private equity firm JKL Partners is poised to inject 80 billion won ($70.7 million) in Korean low-cost air carrier T‘way Air in April, a filing showed Wednesday. JKL Partners was offer...