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Shinhan invests W77b into delivery, pet grooming servicesJul 12, 2021Shinhan Financial Group will invest in a delivery service provider and an autonomous transportation service startup to upgrade its banking platform and find new revenue streams amid increasing compet... -
Woori Financial to invest W100tr in ESG-related products by 2030Jul 12, 2021Responding to rising demand for sustainability in corporate management, Woori Financial Group has decided to invest 100 trillion won ($87.3 billion) in financial products associated with environmenta... -
Banks to shorten business hours amid COVID-19 resurgenceJul 9, 2021Commercial banks in South Korea are slated to cut back on business hours in line with the highest social distancing rules of Level 4, according to the Korea Federation of Banks on Friday. Local bank... -
Financial authority puts brake on banks’ co-investing in artJul 8, 2021Local lenders have decided to stop providing access to customers looking for fractional art ownership via a mobile application after facing regulatory hurdles, according to sources Thursday. Shinh... -
Bithumb stops accepting new foreign usersJul 8, 2021Bithumb, one of South Korean major cryptocurrency exchanges, will stop accepting registrations of overseas users and block access from traders in four more countries that have been added to a money-l... -
China deepens crypto crackdown with central bank warningJul 6, 2021BEIJING (AFP) -- China's central bank warned companies on Tuesday against assisting cryptocurrency-related businesses as it shut down a software firm over suspected involvement in digital currency tr... -
Jungheung looks to advance Daewoo E&C’s property development prowessJul 6, 2021Jungheung Group said Tuesday it would advance the real estate development prowess of Daewoo Engineering & Construction, as the conglomerate aims to complete the acquisition of the South Korea‘s sixth... -
Local builder Jungheung picked as preferred bidder for Daewoo E&C dealJul 5, 2021The remark came after the consortium, composed of Jungheung and investment bank Mirae Asset Securities, submitted a letter of intent to participate in the bid. Daewoo E&C has been effectively under ... -
How do Korean asset owners brace for inflation?Jul 4, 2021More Korean institutional investors lower bond exposure, turn to alternative assets as policy normalization talks crystalize -
Visang Tax, Pharos Consulting to help taxpayers get back overpaid taxesJul 4, 2021Visang Tax and Pharos Consulting signed a memorandum of understanding to work together to help taxpayers protect their rights by checking whether they have overpaid taxes, at a ceremony held in Seoul... -
![[Weekender] With an eye on the future, financial firms don VR goggles](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2021/07/01/20210701000517_0.jpg)
[Weekender] With an eye on the future, financial firms don VR gogglesJul 3, 2021From metaverse to digitalized financial products, bankers explore virtual world to woo future money makers -
Seoul stocks tipped to rebound next week amid earnings hopeJul 3, 2021South Korean stocks are likely to rebound next week, as optimism for strong corporate earnings is expected to buffer growing virus concerns, analysts said Saturday. The benchmark Korea Composite Sto... -
KIC vows to increase alternative exposure to 21% by 2024Jul 1, 2021Korea Investment Corp., South Korea‘s sole sovereign wealth fund, pledged to increase its exposure to alternative assets to 21 percent by 2024, from 16.1 percent as of May 2021, its Chief Executive O... -
Banks urged to minimize 'unnecessary' household loansJul 1, 2021A top financial regulator called Thursday for banks to minimize "unnecessary" household loans as policymakers warn of growing financial imbalances amid a surge in home prices. Eun Sung-soo, chairman... -
JB Financial sets ESG goals for sustainable growthJul 1, 2021JB Financial Group on Thursday laid out mid-and long-term strategies to step up its sustainable business management focused on environmental, social and corporate governance values. In a statement, ...
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