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Holiday Inn Express Seoul Hongdae to open in Sept.IndustryAugust 28, 2018South Korean low-cost carrier Jeju Air announced Tuesday that Holiday Inn Express Seoul Hongdae will start operations Saturday in Hongdae, a neighborhood rife with street performances and works of ar... -
Korea to create W237.5b global fund for startups with SingaporeMarketsAugust 27, 2018South Korea and Singapore will set up a fund worth at least 237.5 billion won ($213.2 million) to invest in Korean startups that seek to enter the Singaporean market and vice versa. The state-backed... -
Brokerages’ income rises, stability declinesMarketsAugust 27, 2018South Korea’s securities brokerage houses reported a combined 2.7 trillion won ($2.4 billion) in net profit in the first half of this year, up 40.7 percent on-year, preliminary data showed Monday. T... -
Commercial banks’ overseas profit likely to hit record this yearMarketsAugust 26, 2018The Korea Federation of Banks on Sunday expressed hopes for local commercial banks’ annual offshore net income from financial branch network operations and investments to mark a record this year. In... -
Costco to end contract with Samsung Card, partner with Hyundai CardMarketsAugust 26, 2018Costco Wholesale Korea, the South Korean unit of the US wholesaler, has chosen Hyundai Card as its partner starting next year, according to the Korean card firm Friday. Following Costco’s single-net... -
Over 100,000 vendors use Cashnote to manage card incomeMarketsAugust 26, 2018The number of vendors that use the card income management system Cashnote topped 100,000 as of Friday, according to the service provider, financial technology startup Korea Credit Data, Sunday. Cash... -
AEBS students pick KB as operator of exemplary cultural spaceMarketsAugust 23, 2018Students from the Asia Elite Business Scholars group recently visited a bank branch renovated into a cultural space in Seoul run by South Korea’s KB Kookmin Bank. Located in Hongdae in western Seoul... -
Urban tech startups boosted by efforts of accelerator, foundationIndustryAugust 23, 2018Fledging Korean startups devoted to urban technologies that help cities become more efficient and sustainable have been receiving support from the managers of incubator programs. Startup accelerator... -
K-water hosts seminar on water resource management for Southeast Asian delegatesIndustryAugust 23, 2018The state-led Korea Water Resources Corp., also known as K-water, has invited 18 public servants from Southeast Asian nations to a seminar designed to help enhance the capability to manage water reso... -
NongHyup Bank acquires Cambodian microfinance institutionMarketsAugust 22, 2018Seoul-based NongHyup Bank said Wednesday it gained regulatory approval Friday for operation of the Cambodian microfinance institution Samic that Nonghyup acquired in July. The Phnom Penh-based insti... -
Shinhan gears up for ING Life takeoverMarketsAugust 22, 2018Shinhan Financial Group is gearing up to raise 400 billion won ($357.5 million) through debt funding in its move to take over ING Life Insurance Korea. If Shinhan manages to raise the capital throug... -
![[Herald Interview] Screening matters in crowdfunding: Crowdy](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=601&simg=/content/image/2018/08/21/20180821000717_0.jpg)
[Herald Interview] Screening matters in crowdfunding: CrowdyMarketsAugust 21, 2018The Korea Herald is publishing a series of interviews on promising startups in the financial technology industry. This is the 21st installment. -- Ed. In June, the South Korean mobile game software ... -
Alipay launches mobile tax refund service for tourists to KoreaMarketsAugust 20, 2018Chinese mobile payment platform Alipay announced Monday it had launched a mobile tax refund service so users could claim refunds without visiting offline duty-free shops in airports or cities. To la... -
Weaker dollar eases S. Korea market woesMarketsAugust 20, 2018Downward pressure on South Korea’s markets appears to be on the wane, as the US dollar is taking a breather against currencies in emerging markets including Korea. After opening higher on Monday mor... -
![[Kosdaq Star] Strong Q2 backs DoubleU Games’ plan to move to Kospi](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=601&simg=/content/image/2018/08/19/20180819000104_0.jpg)
[Kosdaq Star] Strong Q2 backs DoubleU Games’ plan to move to KospiMarketsAugust 19, 2018This is the 60th in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- Ed. Listed game software developers in South Korea suffered lackluster performance in th...
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