The Korea Herald

S. Korea to supervise non-holding financial groups

Jun 7, 2020

In an effort to stem unfair practices and illegal activities, South Korean authorities propose to set up a system to oversee non-holding financial conglomerates, which have been in the blind spot of ...
Shinhan BNP Paribas draws W520b to support domestic solar projects

Jun 7, 2020

Shinhan BNP Paribas said Sunday it has clinched a combined 520 billion won ($430.1 million) commitment to create a fund to support small firms dedicated to 280-megawatt solar energy projects across S...
Global X launches actively-managed emerging markets bond ETF

Jun 4, 2020

New York-based provider of exchange-traded funds Global X ETFs has launched an emerging markets bond ETF in its first actively managed strategy, its parent Mirae Asset Global Investments said Thursda...
Ardian vows more Asian investments as historic secondary fund closes

Jun 3, 2020

France-based international private investment house Ardian said Wednesday it seeks to accelerate its push for more secondary investments in Asia, as the company has reached a historic-high $19 billio...
Mirae Asset Global Investments seeks 1st REITs IPO in Q3

Jun 3, 2020

South Korea’s investment firm Mirae Asset Global Investments said Wednesday it is eyeing its first initial public offering for its real estate investment trust followed by a listing on the nation’s m...
Social casino gaming firm DoubleDown Interactive eyes $100m US IPO

Jun 3, 2020

South Korean social casino game developer and publisher DoubleDown Interactive is seeking to get listed on the tech-heavy Nasdaq bourse in the United States, according to its prospectus Wednesday. F...
Shinhan BNP Paribas manages alternative portfolio for NHIS

Jun 2, 2020

Seoul-based Shinhan BNP Paribas Asset Management said Tuesday it has started to work as a fund manager for the National Health Insurance Service’s 1.4 trillion won ($1.14 billion) alternative investm...
Hanwha Asset bets on e-commerce, data, health care stocks amid coronavirus

Jun 2, 2020

Seoul-based Hanwha Asset Management said Tuesday it is betting on new growth opportunities of companies dedicated to e-commerce, data infrastructure and health care by creating a fund investing in su...
Laundry service startup Laundrygo snaps up W17b

Jun 2, 2020

South Korea’s same-day laundry service startup Laundrygo said Tuesday it had raised a 17 billion won ($13.9 million) series B round funding from multiple venture capital houses, amid growing demand f...
Retrieval rate of bailout funds up 0.1% in Q1

Jun 1, 2020

The rate of bailout funds recouped from companies that borrowed from the government since the 1997 Asian financial crisis rose 0.1 percent in the first quarter to 69.3 percent, the country’s financia...
S. Koreans held 3.9 credit cards on average in 2019: data

May 31, 2020

South Korean held 3.9 credit cards on average last year, data showed Sunday, as credit card holdings in the country continue to increase as more people use credit cards as their preferred payment met...
KIC’s investment in marijuana producers not questionable, says experts

May 28, 2020

With South Korea’s sovereign wealth fund sparking a media debate over its investment in marijuana producers, some experts here said Wednesday that the case can hardly be seen as breaching its commitm...
One Equity Partners to unload Celltrion Healthcare stake at discount

May 27, 2020

One Equity Partners, a spinoff of JPMorgan dedicated to middle market investment, is reportedly looking to unload part of its stake in South Korea’s drug distributor Celltrion Healthcare through a bl...
Banks' lending rates further drop in April on aid package

May 27, 2020

Lending rates on fresh loans extended by banks in South Korea dropped sharply from a month earlier in April, central bank data showed Wednesday, apparently due to stimulus measures that supplied mass...
Overseas card spending dips by most in over decade in Q1 amid pandemic

May 26, 2020

Overseas card spending by South Koreans dropped at the fastest rate in over a decade in the first three months of this year on a sharp decline in the number of outbound travelers caused by the COVID-...