The Korea Herald

KB Card launches debit card featuring Pengsoo

Feb 17, 2020

Credit card issuer KB Card said Monday that it has rolled out a debit card featuring Pengsoo, a popular penguin character. The newly launched card comes in two designs — one with Pengsoo saying “Pen...
Bithumb agrees partnership with Chinese peer BitMax

Feb 17, 2020

South Korean cryptocurrency exchange Bithumb said Monday that it had signed a memorandum of understanding with Chinese crypto exchange firm BitMax to roll out new crypto services and to tap into glob...
NHN‘s Payco available on Apple platforms

Feb 17, 2020

Internet services provider NHN said Monday that its easy-to-use mobile payment service Payco was now available on US tech giant Apple’s platforms, including Apple Store, Apple Music and iCloud. Unde...
Lime investors face tough compensation fight

Feb 17, 2020

Investors in beleaguered hedge fund Lime Asset Management are facing a bumpy road to get compensation for their losses. By no later than Friday, every investor in the hedge fund is expected to find ...
Hana Bank starts mobile banking service in Hong Kong

Feb 17, 2020

Hana Bank said Monday that it will launch its global mobile banking service in Hong Kong, making it the first Korean lender to provide such service in the global financial hub. The Global 1Q app wil...
Woori Bank merges two Cambodian subsidiaries

Feb 16, 2020

South Korea’s Woori Bank said Sunday it recently merged two of its Cambodian subsidiaries in an effort to provide comprehensive financial services in the Southeast Asian nation. According to the com...
Lime Asset deliberately deceived investors in awareness of losses: FSS

Feb 14, 2020

South Korean fund operator Lime Asset Management and its seller Shinhan Investment deliberately duped investors by concealing their losses and continuing the sale of the related products, the watchdo...
Hana Financial signs W77b deal to acquire The-K Non-Life

Feb 14, 2020

Hana Financial Group said Friday it had inked a sales and purchase agreement with the Korea Teachers’ Credit Union to buy a 70 percent stake in The-K Non-Life Insurance for 77 billion won ($65.1 mill...
KDB realizes revenues on investment in BTS agency, film ‘Parasite’

Feb 14, 2020

A landmark success case was its choice to invest some 12 billion won in the K-pop boy group BTS and its agency Big Hit. That investment reached 75.1 billion won as of November, a return on investment...
KCGI-heiress coalition ups ante to dethrone Hanjin successor

Feb 13, 2020

A coalition of Korean Air heiress and a local activist fund Korea Corporate Governance Improvement on Thursday proposed former SK Group Vice Chairman Kim Shin-bae as an inside board director of Hanji...
FSS to request probe on Woori’s alleged information-theft case

Feb 13, 2020

The nation’s financial watchdog plans to refer Woori Bank’s alleged information-theft case to the prosecution for investigation, according to internal documents acquired by a lawmaker Thursday. The ...
NH Financial to expand global assets fivefold in 5 years

Feb 12, 2020

NH Financial Group, a major Korean banking group, vowed Wednesday to increase its global assets by nearly five times to 6 trillion won ($5.1 billion) by 2025, as part of its new global expansion stra...
Woori Financial names new CEO to flagship bank

Feb 11, 2020

Woori Financial Group on Tuesday announced the appointment of the new head of its flagship commercial banking unit, in a move that is projected to further escalate its tension with the financial auth...
Logistics startup Mesh Korea denies sell-off rumors

Feb 10, 2020

South Korea’s logistics startup Mesh Korea -- operator of algorithm-powered micro delivery service Vroong -- denied rumors Monday that it is selling the stakes of its executives, amid a growing confl...
FSS in hot water for failing to prevent derivatives disaster

Feb 7, 2020

South Korea’s financial watchdog, the Financial Supervisory Service, has become the target of criticism for having failed to prevent the recent fiasco involving derivatives-linked funds. The state-ru...