The Korea Herald

KB, SC Bank, Mirae Asset Daewoo get top grades in governance, ESG

Oct 14, 2020

Standard Chartered Bank Korea, KB Financial Group and Mirae Asset Daewoo were recognized for their best practices in corporate governance and ESG management, respectively, the companies said Wednesda...
More than half of card loan users juggle multiple debts

Oct 14, 2020

More than a half of credit card loan users in South Korea pay debts with cash withdrawn from multiple financial institutions, data showed Monday, indicating that both credit card issuers and commerci...
State trade insurer fails to recover overseas debt worth W1.4tr: data

Oct 13, 2020

South Korea’s state-run trade insurance firm has failed to retrieve some 1.4 trillion won ($1.2 billion) so far spent to cover local exporters' losses in their deals with foreign companies, data show...
SC Bank Korea to host webinar on ESG investment

Oct 12, 2020

Standard Chartered Bank Korea said Monday it planned to host a webinar on environmental, social and governance investment on Thursday as such standards become more prominent in the coronavirus pandem...
KB, K-Growth to select partners for social impact investing

Oct 11, 2020

KB Financial Group and the Korea Growth Investment Corp. said Sunday that they would select two external partners to establish funds worth at least 30 billion won ($26 million) as part of their five-...
Tencent-backed Maoyan divests W22b YG Entertainment stake

Oct 11, 2020

Tencent-backed online movie ticket booking platform Maoyan Entertainment has unloaded its stake in YG Entertainment worth a combined 22.1 billion won ($19.2 million) since August, disclosures showed ...
Corporate retirement pension funds’ poor returns draw flak

Oct 9, 2020

Corporate retirement pension funds managed by South Korea’s major commercial banks posted poor returns in the first half of the year, data showed Thursday. Low yields have also drawn criticism from ...
Citibank Korea set to name first female CEO

Oct 7, 2020

Yoo Myung-soon, interim chief executive officer of Citibank Korea, was recommended as the sole candidate for the bank‘s top post, paving the way for her to become the first female CEO of the local br...
KFCC holds exchange program online with Thai Savings and Credit Cooperatives

Oct 7, 2020

The Korean Federation of Community Credit Cooperatives, the nation’s leading mutual financial institution, held an annual exchange program with its counterpart in Thailand to introduce the group’s on...
S. Korean financial firms still vulnerable to cyber attacks overseas

Oct 5, 2020

A string of hacking attempts to break into South Korea’s financial institutions from abroad have continued in recent years, data showed Monday, prompting calls for financial authorities to impose tou...
Pandemic boosts credit card firms’ profits from loans, cash advances

Oct 4, 2020

Lawmaker blames card operators for taking advantage of low-rate loans, ample liquidity
High-rise apartments account for 80% of ‘reverse mortgages’

Oct 4, 2020

More than 80 percent of applicants for reverse mortgages in recent years have been owners of high-rise apartments, data from the Korea Housing Finance Corp. showed Sunday, spurring concerns about ine...
Employee crime cost banks W500b since 2016

Oct 4, 2020

South Korean banks and their customers lost nearly 500 billion won ($428 million) from employees’ financial crimes -- including embezzlement and fraud -- in the last five years, data compiled by the ...
[Herald Interview] Why data centers matter to foreign investors

Oct 4, 2020

Actis looks to capitalize on high demand for data centers accelerated by South Korea’s rapid digital transformation
KDB chief stresses SsangYong Motor’s sustainability as terms of financial aid

Sept 28, 2020

Policy lender Korea Development Bank Chairman Lee Dong-gull said Monday that he is closely reviewing SsangYong Motor‘s fate as a sustainable automaker while refraining from mentioning its plan to pro...