The Korea Herald

KB Financial to halt financing of coal-fired power plants

Sept 27, 2020

KB Financial Group said Sunday it has decided to halt financing construction of coal-fired power plants and to expand investment in infrastructure projects aimed at improving and conserving environme...
Eximbank, IFC team up to finance developing countries post-COVID-19

Sept 27, 2020

The Export and Import Bank of Korea and International Finance Corp. have agreed to expand their collaboration in developing countries and to link Korean firms with more opportunities overseas, the fi...
Standard Chartered CEO says S. Korea has potential to be Asia’s financial hub

Sept 24, 2020

SC Bank Korea reported robust operating profit of 236.5 billion won ($201.5 million) for the first half of the year, gaining 19 percent on-year, while most of its local industry rivals struggled with...
Korean lenders struggle with New York hotel-retail project investment

Sept 24, 2020

Major South Korean lenders’ decision to invest some $100 million in a hotel and retail project at 20 Times Square in New York in 2018 has come back to bite them two years later, with the property’s f...
K-Sure, LH join hands to secure overseas development projects

Sept 24, 2020

The Korea Trade Insurance Corporation said Thursday that it had signed a memorandum of understanding with the Korea Land and Housing Corporation to help South Korean companies secure more overseas co...
Standard Chartered CEO cements partnership with S. Korean fintech leaders

Sept 22, 2020

After completing a two-week self-quarantine period in South Korea, London-based Standard Chartered Bank CEO Bill Winters has been traveling back and forth between South Korea’s capital Seoul and Pang...
[Decoding Shareholders] Woori Financial Group on long road to privatization

Sept 22, 2020

W12.7tr government bailout saved lender in 1998, but led to questions about bank’s identity as private institution
NPS joins hands with Keppel Capital for Asia infrastructure investment

Sept 22, 2020

The National Pension Service, South Korea‘s public pension fund, has entered into a strategic cooperation with Singapore-based Keppel Capital to beef up private infrastructure investment in Asia. Ac...
Litigations pile pressure on Mirae Asset Group

Sept 21, 2020

Korean investment banking group Mirae Asset Group is being swamped by litigations at home and abroad, including one against China’s Dajia Insurance Group surrounding high-profile hotel deals in the U...
Banks’ credit loans see sudden drop amid authorities’ warnings

Sept 20, 2020

Major South Korean banks are on the path of tightening their extension of personal unsecured loans, apparently responding to the financial authorities continued efforts to curb “excessive lending.” ...
Shinhan BNP Paribas vows climate action through asset management

Sept 18, 2020

South Korean asset manager Shinhan BNP Paribas Asset Management said Friday that it would beef up efforts to take climate change into account in its asset management business, as part of its green fi...
KB Financial chief vows to boost shares via strong portfolio

Sept 17, 2020

KB Financial Group Chairman Yoon Jong-kyoo, who is likely to keep his role for another three-year term, pledged Thursday to boost the firm’s shares with a strong and versatile portfolio. “As you can...
[Market Close-up] Pandemic polarizes risk appetite in real estate investment

Sept 17, 2020

S. Korean real estate investors say they seek distressed assets, publicly-traded assets for downside protection
Foreign currency deposits hit new high in Aug.

Sept 17, 2020

Foreign currency deposits at banks in South Korea touched a new all-time high in August as companies boosted dollar holdings, central bank data showed Thursday. Outstanding foreign currency-denomina...
KB Financial chief Yoon Jong-kyoo likely to serve 3rd term

Sept 16, 2020

KB Financial Group Chairman Yoon Jong-kyoo should keep his seat for a third term, the banking group’s outside directors decided Wednesday, bolstered by his bold moves in expansion of nonbanking busin...