The Korea Herald

NPS to be no barrier for Hyosung chairman to extend term

Mar 10, 2020

Despite the National Pension Service’s efforts to actively interfere in the management decisions of scores of domestic companies as a major shareholder, it is likely to leave Hyosung Group untouched....
Shinhan Card to buy Hyundai Capital’s W500b assets for rental car biz

Mar 10, 2020

Shinhan Card said Tuesday it is poised to buy parts of Hyundai Capital’s assets related to its long-term car rental services for around 500 billion won ($417.3 million). The assets will be composed ...
Coronavirus puts Korean venture firms on edge

Mar 8, 2020

The coronavirus fear is increasing financial burdens on listed South Korean venture firms as they are facing more calls for cash redemption from investors. Investors in firms listed on Korea’s devel...
SK Networks shares spike on W1.3tr fuel retailer sell-off

Mar 5, 2020

SK Networks shares rose sharply Thursday on anticipations that its decision to divest its energy retailer unit for 1.3 trillion won ($1.1 billion) would improve the balance sheet. Its shares closed ...
Seoul FX reserves slightly drop in Feb.

Mar 4, 2020

South Korea's foreign exchange (FX) reserves dropped slightly from a month earlier in February, central bank data showed Wednesday, largely on the strengthening of the US dollar that reduced the doll...
Cape Industries faces proxy war over directors, dividends

Mar 3, 2020

South Korea’s ship engine parts maker Cape Industries is facing a proxy fight as its activist shareholders are opposing the firm’s excessive compensation to executives despite piling losses. The inv...
KCGI woos Delta Air Lines for Hanjin control

Mar 2, 2020

A coalition led by South Korea’s activist private equity fund Korea Corporate Governance Improvement called Delta Air Lines a “partner” in its pursuit for a control over Hanjin Group and its crown je...
KDB picks 2 external partners to back W120b for supply chain autonomy

Feb 28, 2020

State-run Korea Development Bank said Friday it had chosen two external partners to operate funds with a combined 120 billion won ($99.2 million) of public money to support South Korea’s drive for su...
Hanwha Asset to raise W510b capital in cross-border push

Feb 28, 2020

Hanwha Asset Management said Friday it planned to raise 510 billion won ($421.7 million) capital from its parent Hanwha Life Insurance, which would bring its total capital to over 700 billion won -- ...
Korean IPOs in February defy coronavirus fears

Feb 28, 2020

The initial public offerings of South Korean firms in February were largely successful, despite the impact of the new coronavirus on the domestic stock market. This month through Friday, five compan...
MMAA selects 8 external partners to back W130b

Feb 28, 2020

The Military Mutual Aid Association said Friday it has selected eight South Korean external partners dedicated to investment in private equities and venture capital to back a combined 130 billion won...
NPS harvests record yield in 2019

Feb 27, 2020

The National Pension Service, South Korea’s largest public pension fund, reaped record investment return in 2019 largely thanks to a bull run in overseas stock markets, its preliminary data showed Th...
Korea's private bad bank eyes 1st exit from distressed assets

Feb 27, 2020

South Korea’s private bad bank, United Asset Management Co. (UAMCO), is betting on exiting from an investment in a distressed company here -- highlighting its growing role in corporate restructuring ...
Daishin, KB Securities, Woori Bank raided in Lime scandal probe

Feb 27, 2020

Prosecutors raided Daishin Securities, KB Securities and Woori Bank on Thursday as part of a probe into the snowballing Lime Asset Management fiasco. Investigators from the Seoul Southern District P...
KB Financial to launch intraboard ESG committee

Feb 26, 2020

KB Financial Group said Wednesday that it plans to set up an intraboard committee focused on environmental, social and corporate governance. The group’s board of directors has decided to officially ...