The Korea Herald

NPS to cut back in Korean stock exposure

May 20, 2020

South Korea’s public pension fund National Pension Service on Wednesday has affirmed its plan to shrink its exposure to domestic stocks in a move to ward off uncertainties due to fallout from the cor...
Cross-selling of public funds in APAC to kick off in May

May 19, 2020

Cross-border transactions of public funds will kick off this month in South Korea and four other Asia-Pacific countries, to expand corporate and individual investors’ portfolios, according to the Fin...
W550b Lotte Mart properties deal in legal dispute

May 19, 2020

South Korea’s Ryukyung PSG Asset Management and retailer Lotte Shopping are facing legal action from entities that proposed to buy four Lotte Mart discount stores for some 550 billion won ($448.4 mil...
Banking groups add momentum to digital financing amid coronavirus fallout

May 18, 2020

Among regional financial institutions, JB Financial Group -- the holding group of Jeonbuk and Kwangju banks -- has launched Digital Community, a study group for leader-level employees to analyze digi...
Virus-hit firms look to raise capital to ensure liquidity

May 17, 2020

As the number of moviegoers, air passengers and shoppers shrank sharply largely due to the coronavirus outbreak and social distancing, related companies have recently turned to fundraising efforts to...
Coupang, KB Kookmin to start early payout for virus-hit SMEs

May 15, 2020

E-commerce giant Coupang said Friday it has partnered with KB Kookmin Bank to launch early payout services for merchants, through which small and medium-sized business owners will receive payment for...
Credit card use posts smaller dip in April amid virus slowdown

May 14, 2020

Credit card spending by Koreans dipped at a slower rate in April than the previous month amid the COVID-19 infection slowdown, industry data showed Wednesday. Combined credit card spending last mont...
Shinhan’s investment in HK’s K-pop fund faces redemption delay

May 13, 2020

Shinhan Investment has received a request to delay K-pop-related private equity fund redemption from a Hong Kong-based asset management firm due to underperforming entertainment business, according t...
Kakao joins S. Korea's top-10 market cap heavyweights

May 13, 2020

Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, has entered the top ten stocks by market capitalization on a stellar quarterly performance, data showed Wednesday. The home...
Relief fund donation errors a headache for card issuers

May 13, 2020

On the first day South Korea started to receive applications for COVID-19 relief cash, local card issuers assigned to handle payment processes were met with a flood of unexpected inquiries -- to canc...
KB Kookmin Bank to finance gas pipeline project in Canada

May 12, 2020

KB Kookmin Bank said Tuesday that it has signed a commitment of 240 million Canadian dollars ($171 million) to finance a Coastal GasLink natural gas pipeline project in Canada through a senior loan. ...
Korea Western Power, NH-Amundi invest in Swedish wind farm project

May 12, 2020

By Son Ji-hyoung ( consnow@heraldcorp.com )
Doosan in talks to sell HQ building for W700b

May 11, 2020

Debt-ridden Doosan Group is in talks to sell its real estate asset Doosan Tower to Mastern Investment Management for roughly 700 billion won ($572.3 million), according to industry sources. Doosan a...
DreamCIS likely to reopen Korea’s IPO market

May 11, 2020

South Korea is likely to end its monthslong drought in the initial public offering scene with Seoul-based pharmaceutical services company DreamCIS moving to raise 20.2 billion won ($16.5 million). D...
Samsung Electronics investors grow 5 times after stock split

May 11, 2020

The number of investors holding Samsung Electronics shares surged more than five times after the company divided the face value of stocks two years ago, data showed Sunday. According to data filed b...