The Korea Herald

Korea’s FX reserves sharply drop in March

MoneyApr 3, 2020

South Korea’s foreign exchange reserves last month posted the sharpest drop in over a decade due to the government’s intervention in the foreign exchange market and the strengthened US dollar value, ...
NH brokerage unit tops list of average salary

MoneyApr 2, 2020

NH Investment and Securities, a local brokerage firm under NH Financial Group, last year paid 123 million won ($99,600) in annual salary on average, higher than any company with assets over 10 trilli...
Hana Bank picks actor Kim Soo-hyun as new model

MoneyApr 1, 2020

Hana Bank said Wednesday that it has selected Korean actor Kim Soo-hyun as its new model for TV commercials. “Kim Soo-hyun embodies the bank’s global image,” said an official. “His strong public imp...
Gasoline prices dip to 1-year low

EconomyMar 31, 2020

Amid plunging crude oil prices, the nation’s gasoline retail prices dipped below 1,400 won ($1.15) per liter, the lowest level in a year, industry data showed Tuesday. As of March 30, nearly 12,000 ...
Korea mulls direct cash transfers to low-income families

EconomyMar 29, 2020

South Korea announced Sunday that it will supply disaster relief funds to low-income households amid the economic fallout from the coronavirus pandemic. The government will send emergency aid in the...
[Weekender] How to raise W100m by 30: Millennial investment strategies

MoneyMar 26, 2020

“Since I do not work for any organization, I want to make money through freelance jobs like part-time tutoring as well as expanding savings through investments,” she said. In a recent joint survey r...
KB Card to lease Apple products

MoneyMar 26, 2020

Local credit card issuer KB Kookmin Card said Thursday it will launch a new leasing service of Apple devices -- from iPhones to iPads -- starting April. The company will purchase products on behalf ...
BOK to supply dollars next week under swap deal

MoneyMar 25, 2020

The Bank of Korea said Wednesday that it will release its first batch of US dollar reserves in the financial market next week in accordance with a currency swap deal with the US Federal Reserve. “Ne...
[Economy in Pandemic 4] Impact of plunging oil prices on Korean markets

EconomyMar 24, 2020

The plunging crude oil prices may increase pressure on South Korea’s financial market with rising volatility forcing investors to secure cash, not to mention its negative impact on the economy. The ...
[Exclusive] Foreign residents still locked out of online banks

MoneyMar 19, 2020

Concerns about the fast-spreading novel coronavirus are fueling growing demand for “untact banking,” but foreign residents in South Korea still cannot subscribe to online banking services, due to the...
Apartment price gap in Seoul widens

MarketsMar 18, 2020

The price gap between apartments in areas south and north of the Han River has increasingly widened last month, data showed Wednesday. In February, the average price per pyeong (3.31 square meters) ...
NongHyup Financial nominates VP as new CEO for bank unit

MoneyMar 17, 2020

NongHyup Financial Group’s committee for nominating executive members announced Tuesday that it has recommended incumbent Vice President Son Byung-hwan as the sole candidate for the new CEO post of i...
Eximbank donates W250m to virus-hit Daegu

MarketsMar 17, 2020

The state-run Export-Import Bank of Korea has donated 250 million won ($201,000) to nonprofit groups to support small business owners and senior residents living in Daegu, the southeastern city hit h...
Shinhan Bank’s call center workers start remote working

MoneyMar 15, 2020

Shinhan Bank said Sunday that its call center employees will start remote working as part of its preventive measures against the spread of the new coronavirus. A total of 150 call center employees w...
Bank deposits surge amid market volatility fears

MoneyMar 15, 2020

South Korean banks are seeing a surge in deposits, reflecting investors’ concerns amid growing uncertainties in the capital market, according to latest data Sunday. Nearly 36 trillion won ($30 billi...