The Korea Herald

Korean white hat hackers win CTF competition in US

IndustryAugust 14, 2018

South Korean white hat hackers took the first place in the Defcon 26 Hacking Conference Capture the Flag Competition held in Las Vegas from Thursday through Sunday, according to Raonsecure Tuesday. ...
Emerging market woes send Kospi to 15-month low

MarketsAugust 13, 2018

South Korea’s stock markets sank Monday on emerging market instability triggered by the sliding Turkish lira coupled with negative investor sentiment toward listed Korean biotech companies. The top-...
BOK calls for Korea’s 'fundamental' shift in exports to China

MarketsAugust 13, 2018

South Korea’s exports to China maintained on-year growth, overcoming the downtrend until 2016, while new research by the central bank hinted at the need for Korea to shift away from its focus on expo...
Weaker Q2 earnings weigh on market

MarketsAugust 12, 2018

Preliminary earnings of South Korean listed companies are vindicating analysts’ downward revisions of their Q2 projections, due to a lingering US-China trade war impact, data showed Sunday. Of 145 c...
[Eye Plus] Theme park in abandoned gold mine

CultureAugust 9, 2018

Light of various colors from gold to different shades of blue fills a 7.8-kilometer man-made cave located some 12 kilometers southwest of Seoul. The dazzling beams from light-emitting diodes, couple...
Moin resumes cross-border wire transfer with China

MarketsAugust 8, 2018

South Korean financial technology startup Moin resumed its cross-border money transfer service without currency conversion fees double-charged to residents in China, starting Aug. 1, according to Moi...
[Herald Interview] Balancehero urges govt. to support firms targeting India entry

MarketsAugust 7, 2018

The Korea Herald is publishing a series of interviews on promising startups in the financial technology industry. This is the 20th installment. -- Ed. Since taking office in 2014, Indian Prime Minis...
Remittance startup Sentbe steps up operation in Vietnam

MarketsAugust 7, 2018

South Korean remittance startup Sentbe said Tuesday it has signed a memorandum of understanding with Vietcombank Remittance. The move will allow recipients to pick up wired money in an hour on avera...
Kyobo Life’s insurance for education cost celebrates 60 years

MarketsAugust 6, 2018

South Korea’s Kyobo Life Insurance has launched a variable life insurance product that covers an individual’s education expenses for college in line with the company’s original philosophy, the firm s...
Duped investors vent anger, with losses, remorse of ‘treasure ship scam’

MarketsAugust 2, 2018

Before it backtracked, the claim of a South Korean company that it had discovered a “treasure battleship” in South Korean territorial waters was a ray of hope for digital asset investors in search of...
Bank of Korea moves to allow payment with QR codes

MarketsJuly 31, 2018

South Korea’s central bank on Tuesday unveiled plans to create an equivalent to China’s Alipay or WeChat Pay by the first half of 2019, in a move to cut “social costs” of consumers and merchants caus...
P2P lenders’ repayment on Tera Funding tops W200b

MarketsJuly 30, 2018

Peer-to-peer borrowers on South Korean lending platform Tera Funding had repaid 202.4 billion won ($180.6 million) in loans without becoming overdue, as of end-June, according to the startup on Monda...
[Kosdaq Star] Asia Pacific Satellite to ride 5G momentum

MarketsJuly 30, 2018

This is the 59th in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- Ed. Asia Pacific Satellite, a communications satellite hardware manufacturer based in Se...
Korea Post stresses role of postal network in global e-commerce

IndustryJuly 29, 2018

Kang Seong-ju, chief executive of the state-run Korea Post, stressed the role of the postal network in an era of global e-commerce during an annual meeting with Kahala Posts Group members, officials ...
Samsung Securities fined W144m, imposed suspension over dividend fiasco

MarketsJuly 26, 2018

Samsung Securities on Thursday was fined 144 million won ($128,500) and imposed a six-month suspension for parts of its business by the financial authorities over a failure to prevent a dividend fias...