The Korea Herald

Shinhan Card keeps Wi Sung-ho as CEO

Aug 24, 2016

[ THE INVESTOR ] Shinhan Card announced on Aug. 24 that CEO Wi Sung-ho will maintain his position for another year. The company said the decision was approved at the shareholders meeting Aug. 23....
SK to raise W300b with new bonds

Aug 23, 2016

[ THE INVESTOR ] SK Holdings C&C will issue 300 billion won (US$269 million) in bonds in September. According to finance industry sources, the company will issue 2-, 5- and 7-year bonds to raise...
S. Korea’s exports volume index growth slows in July

Aug 23, 2016

[ THE INVESTOR ] The growth rate of South Korea’s export volume index dropped in July, Bank of Korea said Aug. 23. According to the central bank, Korea’s exports volume index recorded 0.8 percent ...
Korea's KNOC to begin gas production at Donghae-2 field in October

Aug 23, 2016

[ THE INVESTOR ] Korea National Oil Corporation will begin producing natural gas from the Donghae-2 gas field from October, a local daily reported Aug. 22. According to the report, KNOC completed ...
Ruling party lawmaker proposes Korean ‘Lemon law’

Aug 23, 2016

[ THE INVESTOR ] A revised Motor Vehicle Management Act dubbed the Korean version of the US’ “lemon laws” was proposed on Aug. 23. Proposed by Rep. Shim Jae-cheol of the ruling Saenuri Party, the ...
Shinhan BNP Paribas, VinaCapital launch investment fund

Aug 23, 2016

[ THE INVESTOR ] Shinhan BNP Paribas Asset Management will launch a stock investment fund in collaboration with Vietnam’s VinaCapital, the company said Aug. 23. The product will invest in stocks t...
Korea's state oil company KNOC shuts down US$130m Iraq project

Aug 23, 2016

[ THE INVESTOR ] Korea National Oil Corporation will pull out of Iraq’s Sangaw South oil field project. The state-run company has injected about US$130 million into the project since 2008. At the ...
korea's insurance firms profits fall, assets hit 1 quadrillion won

Aug 23, 2016

[ THE INVESTOR ] South Korean insurance companies’ net profits for the first half of the year fell from a year ago, weighed down by life insurance companies’ plunging profits. According to the Fin...
Pizza Hut Korea denies sale reports

Aug 22, 2016

[ THE INVESTOR ] Pizza Hut Korea on Aug. 22 denied reports saying the company was to be sold. Earlier in the day, a local daily had reported that Pizza Hut’s US headquarters was looking to sell its...
DSME faces further credit rating downgrade

Aug 22, 2016

[ THE INVESTOR ] Daewoo Shipbuilding & Marine Engineering 's credit rating could be lowered further, the Korea Investors Service said on Aug. 22. The ailing shipbuilder is currently rated BB. T...
Green Cross Cell, ToolGen to collaborate on cancer therapy

Aug 22, 2016

[ THE INVESTOR ] Cell therapy developer Green Cross Cell and biotechnology firm ToolGen on Aug. 22 signed a memorandum of understanding on collaborating in developing immune therapy for cancer. ...
NPS raises stakes in automotive, chemical, pharmaceutical shares

Aug 22, 2016

[ THE INVESTOR ] The National Pension Service increased its stakes in automotive, chemical and pharmaceutical companies this year, data showed on Aug. 22. According to data provider FnGuide, the N...
Lawmaker seeks to limit accounting firms’ involvement in M&A

Aug 22, 2016

[ THE INVESTOR ] Accounting firms could be prohibited from arranging and representing clients in corporate mergers and acquisitions deals. On Aug. 22, Rep. Park Yong-jin of the main opposition The...
S. Korea’s exports likely to continue decline in August

Aug 22, 2016

[ THE INVESTOR ] South Korea’s exports appear unlikely to recover in August, feeding concerns that figures will drop for the 20th consecutive month. According to the Korea Customs Service, South K...
Pizza Hut puts up S. Korean operations for sale

Aug 22, 2016

[ THE INVESTOR ] Pizza Hut is in talks with private equity funds and other potential buyers for the management rights for Pizza Hut Korea, a local daily reported Aug. 21. According to reports, Piz...