The Korea Herald

FSS slaps heavy sanctions on Woori chief, Shinhan CEO over Lime fiasco

Feb 4, 2021

Top bankers likely to file lawsuits against the FSS’ punishment, officials say
Mirae Asset launches equity fund to bet on clean tech

Feb 4, 2021

South Korea‘s investment house Mirae Asset Global Investments said on Thursday it has launched a new equity fund to invest in domestic companies with clean technology prowess. With the launch, Mirae...
K bank sees record inflow of deposits, new customers in Jan.

Feb 4, 2021

South Korea’s first internet-only lender, K bank, saw a hike in term deposits in January backed by new customers looking to invest in bitcoins through the online bank. Under the partnership between ...
JPMorgan bets on Korean travel agency despite mounting losses

Feb 3, 2021

JPMorgan Asset Management has increased its stake in the ailing Korean travel agency Modetour Network to 7.47 percent, banking on a rebound in the post-COVID era despite piling losses, a filing showe...
S. Korea's FX reserves inch down in January

Feb 3, 2021

South Korea's foreign reserves edged down in January due to the US dollar's strength, which trimmed the value of non-US dollar foreign reserves, central bank data showed Wednesday. The nation's fore...
HAAH bid hinges on SsangYong’s reorganization plan: KDB

Feb 2, 2021

An investor consortium led by US auto retailer HAAH Automotive is ready to lay out plans to buy a stake in troubled South Korean automaker SsangYong Motor once it presents its reorganization plan to ...
BOK board members wary of risks from asset rally: minutes

Feb 2, 2021

Most members of the Bank of Korea's (BOK) monetary policy board voiced concerns about risks from a rally in the nation's stock and housing markets, citing financial imbalances caused by a flood of li...
Myanmar’s military coup rattles S. Korean banks’ ASEAN biz plans

Feb 2, 2021

Lenders shocked as they face unexpected hurdles in the country that was anticipated to bloom as their ASEAN financial hub this year
Fear on Korean version of GameStop looms

Feb 2, 2021

Tension in South Korea’s financial market escalated Tuesday over groups of retail investors vowing to defend themselves in battles with short sellers here if the government moves to lift a temporary ...
Kakao Bank to target loan market for low credit borrowers

Feb 2, 2021

Kakao Bank, South Korea’s second internet-only lender, will expand loans for those with low to moderate credit scores and make a foray into the business loan area within the year, the company’s CEO s...
POBA to allocate W300b to Koramco for real estate investment

Feb 1, 2021

South Korea‘s institutional investor, the Public Officials Benefit Association, is poised to commit 300 billion won ($268.6 million) to alternative asset manager Koramco Asset Management for its inve...
Hyundai Motor, KDB earmark W74.5b to invest in mobility startups

Feb 1, 2021

Hyundai Motor Group said Monday it has partnered with state-run lender Korea Development Bank to create a fund of 74.5 billion won ($66.6 million) to support open innovation of the South Korean autom...
BlackRock emerges as LG Display blockholder

Jan 31, 2021

BlackRock, the world’s largest asset manager, owned over 5 percent of Seoul-based LG Display ordinary shares as of January without the purpose of shareholder engagement, a filing showed Sunday. Blac...
Number of overdraft accounts on rise amid bull market

Jan 31, 2021

The number of new credit loans via overdraft accounts has been on a sharp rise as South Korean retail investors are scrambling to borrow money for stock investment, fueled by a recent market bull run...
Mirae Asset Daewoo logs over W1tr in operating profit

Jan 29, 2021

South Korean brokerage firm Mirae Asset Daewoo said Friday its consolidated operating profit exceeded 1 trillion won last year, making it the first Korean financial company to reach the milestone It...