The Korea Herald

Hyundai Card launches credit card with Naver

Aug 26, 2021

Hyundai Card announced Thursday it has launched a private label credit card in collaboration with IT giant Naver to bolster the credit card issuer’s online retail business. According to the company,...
Korea becomes proving ground for global PEFs

Aug 26, 2021

The exit strategies of global private equity firms in South Korea indicate that Asia‘s fourth-largest economy is becoming a new proving ground for capital allocation in the Asia-Pacific region, accor...
Netmarble offloads KakaoBank shares worth W113b ahead of casino game buy

Aug 26, 2021

Netmarble sold 133 billion won ($114 million) worth of shares in KakaoBank to secure liquidity, a regulatory filing showed on Thursday, ahead of the payment deadline for its acquisition of a social c...
NPS reserve fund tops W900tr in H1

Aug 25, 2021

The National Pension Service had a reserve fund of 908.3 trillion won ($777.7 billion) as of end-June, logging a 7.49 percent financial gain over the past six months, a preliminary estimate showed We...
Hanwha Asset buys shares in brokerage arm from group affiliates

Aug 25, 2021

Hanwha Asset Management said Wednesday it has bought shares in Hanwha Group’s brokerage arm, Hanwha Investment & Securities, from other nonfinancial group affiliates. The asset management firm acqui...
FSC chief nominee: 'cryptocurrencies are not real'

Aug 25, 2021

Financial Services Commission Chairman nominee Koh Seung-beom expressed skepticism on Wednesday over the value of cryptocurrency as a financial asset, confirming his tone in line with the regulator’s...
Citibank Korea again delays decision on exit plan

Aug 24, 2021

Citibank Korea Inc. has again postponed a decision on the exit plan for its retail banking unit amid differences over sale terms, industry sources said Tuesday. Citibank Korea, the South Korean unit...
S. Korea receives additional reserve assets from IMF under SDRs allocation

Aug 23, 2021

South Korea said Monday it has received Special Drawing Rights (SDRs) worth of some $11.7 billion from the International Monetary Fund (IMF) in line with the international organization's move to allo...
Kyobo Life minority shareholders deny collusion with accountants

Aug 22, 2021

Minority shareholders of Kyobo Life Insurance denied having colluded with the company’s accountants to influence the pricing of shares as they sought to exit the company after its failed attempt to g...
Cash-rich Hyundai Engineering makes case for IPO at W10tr valuation: analysis

Aug 22, 2021

South Korean builder Hyundai Engineering’s anticipated initial public offering will bring its equity value to over 10 trillion won ($8.5 billion), as its market debut plan is considered a critical st...
Second-tier banks urged to tighten lending amid soaring household debt

Aug 22, 2021

South Korea’s financial watchdog has called on second-tier banks to tighten lending standards on their extension of personal unsecured loans, as part of a move to curb ballooning household debt, indu...
Korean banks temporarily halt mortgage lending over household debt worries

Aug 20, 2021

South Korean banks have started to temporarily halt their home-backed loans under pressure from financial authorities seeking to rein in the nation’s snowballing household debt, sources said Friday. ...
NH NongHyup to work with Samsung Electronics for digital transformation

Aug 19, 2021

South Korea’s NH NongHyup Bank said Thursday it is collaborating with Samsung Electronics to accelerate digital transformation of its financial businesses. One of the country‘s top commercial banks ...
$HHI acquires Doosan Infracore after Chinese arm dispute resolution$

HHI acquires Doosan Infracore after Chinese arm dispute resolution

Aug 19, 2021

Hyundai Heavy Industries Group has closed an acquisition deal of a 30 percent stake in South Korean machinery manufacturer Doosan Infracore for 850 billion won ($722.5 million), a filing submitted to...
Residents' FX deposits fall in July

Aug 19, 2021

Foreign currency deposits at banks in South Korea fell in July from the previous month as individuals withdrew their FX holdings, central bank data showed Thursday. Outstanding foreign currency-deno...