The Korea Herald

Pelicana-backed PEF to close W20b deal to acquire Mr. Pizza

MoneyNov 17, 2020

South Korea’s private equity fund backed by fried chicken franchise Pelicana Chicken is on the verge of closing a 20 billion won ($18.1 million) acquisition deal to become the biggest shareholder of ...
Korean flag carriers eye tie-up as policy lender backs W1.8tr deal

MoneyNov 16, 2020

The scheme will allow KDB to use a minimum amount of state funds to shore up the liquidity of Asiana Airlines and at the same time will help Hanjin KAL maintain control over Korean Air by inducing Ha...
Korean institutional investors turn to fast-growing private debt market

MoneyNov 15, 2020

Despite the pandemic increasing the risk of doing so, institutional investors in South Korea said they would venture into unfamiliar nonbank financing bets, such as private debt funds. Representativ...
Former deputy prime minister to head KTCU

MarketsNov 11, 2020

Former Deputy Prime Minister and Education Minister Kim Sang-gon will take the top post of the Korea Teachers’ Credit Union, the institution said Wednesday. Effective Thursday, Kim will serve as cha...
At least W436b to evaporate from Optimus hedge fund scam: FSS

MoneyNov 11, 2020

The Financial Supervisory Service said Wednesday that Optimus Asset Management, a local hedge fund house involved in an alleged fraud case, has incurred at least 436.3 billion won ($393 million) in f...
Weak dollar triggers 15 month-high foreigner influx into stock market

MarketsNov 9, 2020

The weakening US dollar against South Korean won has invited the highest amount of foreign investment in Korean stocks in 15 months, data showed Monday. Foreign investors net bought Korean listed st...
Seoul prime office transactions pick up in search of safety

MarketsNov 9, 2020

Prime office transactions in South Korea’s capital city of Seoul came to 4.6 trillion won ($4.13 billion) during the third quarter of 2020, as real estate investors have searched for safety in times ...
Investors watchful after Biden victory

MarketsNov 8, 2020

With the election of Democrat Joe Biden as the next US president, investors here and abroad are paying keen attention to the impact of the outcome on the financial market. What was widely perceived ...
Shinhan BNP Paribas draws W52b commitment to finance wind turbines

MarketsNov 5, 2020

South Korea’s asset management company Shinhan BNP Paribas Asset Management said Thursday it has snapped up a combined 52 billion-won ($46 million) commitment to a new private fund to finance a wind ...
[KH Finance Forum] COVID-19 provides financial firms new opportunities to go digital, global

EconomyNov 4, 2020

The speech was followed by congratulatory speeches from key figures, including ruling Democratic Party Rep. Youn Kwan-suk, Financial Supervisory Service First Senior Deputy Gov. Kim Kun-ik and Europe...
Pricey Gangnam apartments stand out as homeowners' safe haven

EconomyNov 3, 2020

Apartment units in southern Seoul's Gangnam-gu stood out among housing options in South Korea’s capital city in October in terms of their valuation, as they are increasingly regarded as a safe haven ...
Samsung family in line to inherit W17tr of stocks

MarketsNov 2, 2020

Members of the bereaved Samsung ownership family are expected to see major net worth boosts, as the late Chairman Lee Kun-hee left behind massive amounts of stocks they -- including heir apparent Lee...
[Weekender] Red, white and rose chase coronavirus blues away

Food&BeverageOct 31, 2020

Ko of Kyung Hee University stressed a need to shed light on homegrown wines to discover which ones go well with Korean dishes. One of the newly emerging pairing principles is to look at the ingredie...
NPS reaps 5% return as measures to boost gains are underway

MoneyOct 30, 2020

South Korea’s public pension fund, the National Pension Service, said Friday that it has reaped a 5.07 percent return on its total investments from January to August this year. The nation’s largest ...
Local fintech startup unveils Korea’s first commercial system to rule out naked short selling

MarketsOct 28, 2020

A local startup on Wednesday unveiled the nation‘s first commercial securities lending system targeting institutional investors at home and abroad to help them prevent errors that can lead to naked s...