The Korea Herald

Korean golf courses pricier than ever for investors

Mar 7, 2021

South Korea‘s golf courses are carrying heftier price tags as investment destinations than ever, and their transactions are becoming more and more active, as the coronavirus pandemic since last year ...
HK-based Affinity Equity Partners to acquire online recruiting platform

Mar 4, 2021

Hong Kong-based private equity firm Affinity Equity Partners has been selected as the preferred bidder for the acquisition of South Korea’s online recruiting portal Jobkorea. According to sources Th...
Korea requires green energy imports to decarbonize: AIGCC

Mar 4, 2021

South Korea has less potential to decarbonize autonomously than its Asian peers due to the insufficiency of its solar resources and seasonal variations in electricity demand, showed an analysis by As...
Local private equity firm to acquire fledgling hybrid air carrier

Mar 3, 2021

An investor group led by a domestic private equity firm JC Partners is looking to take over the South Korean fledgling hybrid airline Air Premia, industry sources said Wednesday. The consortium comp...
Major banks shed over 1,500 jobs, 200 branches amid COVID-19

Mar 3, 2021

South Korea’s five major banks cut over 1,570 jobs and shut down 238 brick-and-mortar branches last year, as the COVID-19 pandemic pushed them toward digitalization, industry data showed Wednesday. ...
KDB commits $126m financing to satellite project

Mar 3, 2021

South Korea’s state-run lender Korea Development Bank said Wednesday that it had agreed on a $126 million commitment to finance an artificial satellite project in Indonesia. KDB is the first Korean ...
Corporate loan growth decelerates in Q4 amid pandemic

Mar 3, 2021

Loans extended to companies in South Korea grew at a slow pace in the fourth quarter of last year, as manufacturing firms got fewer loans amid the coronavirus pandemic, central bank data showed Wedne...
Loan maturity extended for 6 months

Mar 2, 2021

South Korea’s financial regulator said Tuesday it has extended the grace period for loan repayments until September as part of policy effort to support individuals and businesses reeling from the res...
[Herald Interview] Tailored foreign investing advice gets new twist

Mar 1, 2021

Co-founded in 2012 by Israeli entrepreneur and investor Ohad Topor and co-chairman of Oaktree Capital Management Howard Marks, TCK -- a Korean arm of London-based family office Topor & Co. -- has str...
Financial authorities to inspect firms’ selling of foreign currency insurance

Feb 26, 2021

South Korea’s financial authorities plan to launch an industry-wide probe into insurers selling foreign currency insurance -- which has been gaining popularity here in recent years -- next month, on ...
[Exclusive] Korean investors' $16.8b coal exposure highlights call for climate action

Feb 25, 2021

NPS is world’s 11th-largest coal investor, NongHyup is Korea’s top coal-financing bank, data shows
Incumbent Hana Financial chief to take on 4th term, but only for 1 year

Feb 25, 2021

Kim Jung-tai, the incumbent chairman of Hana Financial Group, was officially tapped by board members to lead the banking giant for another year, the group said Thursday. Hana Financial Group’s recom...
NPS gains W72tr for 2020

Feb 24, 2021

South Korea’s public pension fund, the National Pension Service, has logged a 9.7 percent return last year to gain 72.1 trillion won ($65 billion) in its preliminary estimate, the government said Wed...
Bitcoin moves with extreme volatility amid warnings

Feb 24, 2021

Price plunges more than 20% within two days
Watchdog orders banks to compensate investors for damages from Lime misselling

Feb 24, 2021

South Korea’s financial watchdog on Wednesday ordered two Korean commercial banks -- Woori Bank and the Industrial Bank of Korea -- to compensate end-investors for at least half of the damages they i...