The Korea Herald

Fintech to pose threat to Korean banks: Moody’s

Jan 29, 2016

The growth of financial technology is a credit negative for Korean banks, global credit rating agency Moody said Thursday, claiming that it will undermine the already-dwindling profitability of brick...
UAMCO caps first debt takeover deal

Jan 28, 2016

The United Asset Management Co., a specialized firm in taking over bad loans held by financial companies, Thursday said it capped the first batch of its investment targets, with the sort-out process ...
BOK cuts growth outook, keeps key rate at record-low of 1.5%

Jan 14, 2016

The Bank of Korea’s monetary policy board Thursday froze the base interest rate at a record-low 1.5 percent, citing soaring household debt, volatility in the China market and low crude prices. The c...
Oil money exit from Korean stocks likely to continue: brokerage

Jan 13, 2016

South Korea is facing an increasing level of oil money exit risks in its stock markets, with the crude-producing economies bracing against falling global oil prices and struggling Chinese economy, a ...
BAT Korea appoints marketing director as new CEO

IndustryDec 29, 2015

Erik Stoel Erik Stoel, marketing director of British American Tobacco Korea, has been appointed its new chief executive, the company announced Tuesday. Stoel will take office on Jan. 1, replacing t...
Debt is Korea’s biggest economic problem: FSC

Dec 29, 2015

Yim Jong-yong Financial Services Commission Chairman Yim Jong-yong pinpointed household and corporate debt as the biggest potential problems for the Korean economy, calling for “fierce reforms” to g...
[Graphic News] IPOs to hit 13-year high

Dec 23, 2015

The number of companies which went public this year on the main KOSPI and tech-heavy KOSDAQ markets reached the highest in 13 years, data showed on Wednesday. As of Tuesday, a total of 119 companies...
Hasty household debt control can backfire on economy: BOK

Dec 22, 2015

Despite households worsening ability to repay debt, Korea should avoid implementing hasty control over the debt to prevent the nation‘s economy from entering recession, Bank of Korea said Tuesday. T...
[Graphic News] Cardholders shun cash advance service

Nov 23, 2015

Credit card holders are reluctant to use the cash advance service due to the high interest rates and alternative loan services, central bank data revealed on Monday. In the January-August period thi...
Chaebol families profit from duty-free race

Nov 17, 2015

(123RF) The chaebol families of Shinsegae Group and Doosan Group earned fast fortunes on the stock market following the government approval of their bids to run duty-free shops in Seoul. Shinsegae ...
[Graphic News] Export prices post worst fall in 9 months

Nov 10, 2015

The monthly export prices fell to a nine-month low in October on the back of a stronger won against the greenback, the South Korean central bank said on Tuesday. The October export price index fell ...
Korea, U.S. to launch precision medicine cohort

HealthOct 23, 2015

Officials from Ministry of Health & Welfare, KNIH, U.S. NIH, and NCC pose after signing a letter of intention to cooperate in precision medicine research in Washington last week. (NCC) The Korean Na...
[Graphic News] Most Korean salary workers paid less than average

Sept 8, 2015

About 63 percent of South Korean wage workers earned less than the average annual salary in 2014, indicating the country’s widening economic polarization. According to the joint report by Rep. Yoon ...
Korea Forest Service adds to urban greenery

Sept 3, 2015

The Korea Forest Service joined hands with citizens and entrepreneurs to bring green forests to hectic urban societies, spurring sustainable urban living in Korea. KFS, the state agency for afforest...
[Graphic News] Travel deficit hits 7-year high on MERS

Sept 2, 2015

Korea’s monthly travel deficit in July soared to a 7-year high, as the Middle East respiratory syndrome outbreak held back foreign travelers from visiting the country, central bank data showed on Wed...