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Crowdfunding platform Wadiz launches offline space to showcase productsMarketsApr 22, 2020South Korean crowdfunding platform Wadiz said Wednesday it has launched an offline space to help fundraising efforts by showcasing products to visitors and funders. Located in eastern Seoul, Gonggan... -
Stocks tank on NK leader's health rumor, oil plungeMarketsApr 21, 2020South Korea’s stock market fluctuated as the geopolitical uncertainties triggered by the health condition of North Korean leader Kim Jong-un and historic oil price plunge sapped investor sentiment. ... -
Talks underway to create bad bank to salvage Lime lossesMarketsApr 20, 2020South Korea’s financial institutions and authorities are in talks to create a bad bank to help companies recoup the losses from disgraced hedge fund Lime Asset Management, according to industry sourc... -
![[Market Close-up] Virus-hit air carriers brace for liquidity crisis](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/04/20/20200420000114_0.jpg)
[Market Close-up] Virus-hit air carriers brace for liquidity crisisMoneyApr 20, 2020South Korea’s major airlines are likely to suffer a sharp revenue decline due to the coronavirus outbreak, putting further pressure on their liquidity, according to market watchers Sunday. Flag carr... -
IPO market stagnates as coronavirus woes drag onMarketsApr 19, 2020South Korea’s market volatility is likely to continue as initial public offering plans for April are slipping through the cracks amid the coronavirus outbreak, according to market watchers Sunday. S... -
Dark clouds loom over credit ratings of Korean firmsMarketsApr 15, 2020South Korean companies are bracing for a massive credit rating downgrade as the novel coronavirus spillover threatens their business outlook, according to industry sources Wednesday. The weakening p... -
Corporate bond market shivers despite steps to calm downMarketsApr 14, 2020Despite the government‘s bond-buying initiative aimed at shoring up liquidity, South Korea’s corporate bond market is rattled by changes in credit outlooks that reflect lingering uncertainties on fal... -
Lime investors to lose over half of principalMoneyApr 13, 2020Investors in two funds of Lime Asset Management, a South Korean hedge fund that fell from grace on a deluge of scandals, are expected to lose over half of their money, according to redemption plans i... -
KDB in talks with local PEF to sell life insurerMoneyApr 13, 2020State-run policy lender Korea Development Bank is in talks with South Korea’s private equity firm JC Partners to sell a life insurer unit as part of its restructuring process, an industry source said... -
SparkLabs partners with Shinhan Capital for startup fundMoneyApr 13, 2020Seoul-based global startup accelerator SparkLabs said Monday it has joined hands with nonbanking lender Shinhan Capital to create a 10.1 billion won ($8.28 million) fund to support early-stage startu... -
Sencoretech’s listing plan is litmus test for Korean IPO marketMoneyApr 10, 2020Attention is centered on what is poised to become the only initial public offering deal in April, as investors are hinging on a change in market tides. Starting Monday, Sencoretech -- a Seoul-based ... -
VIG Partners to acquire funeral service firmMoneyApr 10, 2020South Korea’s midcap buyout fund VIG Partners said Friday it plans to acquire the nation’s leading funeral service firm Preedlife. While neither the acquisition price nor the amount of stake were di... -
Mirae Asset strives for balanced growth in global pushMarketsApr 8, 2020Mirae Asset Financial Group said Tuesday it had topped the 1 trillion won ($820.48 million) mark in the group‘s combined operating profit, net profit and earnings before tax each, quoting its 2019 ea... -
Hotel Shilla closes $121m deal to buy stake in 3Sixty Duty FreeMoneyApr 8, 2020Hotel Shilla, a South Korean operator of luxury hotels and duty-free shops, has closed a $121 million transaction to buy a 44 percent stake in US duty-free shop operator Travel Retail Group Holdings,... -
Can Lotte Food’s leveraging plan be litmus test for stimulus package?MarketsApr 7, 2020South Korea’s food service firm Lotte Food saw a moderate success in raising cash through investment-grade corporate bonds, as a state fund has helped fend off risks from the escalating coronavirus c...
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01New infections up over 500 on flare-up in religious community infections
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09S. Korea pushes to embrace cohabiting couples, non-traditional families
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