The Korea Herald

Korea reassures economy intact despite NK tension

MarketsSept 28, 2017

The South Korean government on Thursday continued to reassure on the economy’s stability despite escalating security tensions on the Korean Peninsula, as pundits also raised caution that the new leve...
Urban forests key in fight against fine dust

IndustrySept 27, 2017

Urban forests have played a key role in improving the quality of life for those living in metropolitan cities by tackling urban heat island effects and fine dust in South Korea, where more than 90 pe...
Are NK risks denting consumption, domestic economy?

MarketsSept 26, 2017

Signs of downward turns in consumption, the domestic economy as well as the financial market seem to be apparent, amid the saber-rattling between North Korea and the United States, which has heighten...
[Exclusive] Former Alipay Korea country manager to helm Bithumb: source

MarketsSept 26, 2017

Jung Won-shik, former country manager of Alipay Korea, has become the new chief executive of BTC Korea, the operator of South Korea’s largest cryptocurrency exchange Bithumb, a source familiar with t...
Half of stock trades made within day: data

MarketsSept 25, 2017

Nearly half of the entire trade volume in South Korea’s stock market this year until mid-September stemmed from day trading, indicating individual traders’ growing tendency to seek instant profit fro...
[Herald Interview] Hacker-turned-CEO brings digital currency offline

Sept 19, 2017

The Korea Herald is publishing a series of interviews on promising startups in the fintech industry. This is the first installment. -- Ed. While cryptocurrency exchanges among those in their 40s and...
Korea to benchmark Japan’s forestry job creation

IndustrySept 18, 2017

With South Korea aiming to quadruple its forestry employment, Japan’s policy -- which has sparked an interest among the young generation -- could be the thing to aim for. The high-level dialogue Mon...
Possible FOMC tightening to ease uncertainties: analysts

MarketsSept 17, 2017

The United States Federal Open Market Committee’s decision this week to take another step back from yearslong quantitative easing is likely to ease uncertainties for the financial markets in South Ko...
Markets’ 10-day closure to be first in over 30 years

MarketsSept 17, 2017

The Korea Exchange, South Korea’s sole securities market operator, is bracing for the 10-day closing of the market next month, the longest in more than three decades. The main bourse and the seconda...
[News Focus] Korea unshaken by bitcoin plunge, looming China crackdown

MarketsSept 14, 2017

South Korea’s cryptocurrency exchanges largely appear unshaken despite the latest drop in bitcoin price fueled by the Chinese government’s reported plans to shut down domestic bitcoin exchanges, whic...
UNSC’s vote on NK to pose little impact on stocks: analysts

MarketsSept 11, 2017

A vote by the United Nations Security Council to implement further sanctions on North Korea would have limited impact on South Korea’s stock market, analysts here said Monday, amid signs of geopoliti...
Korean banking giants lag behind in global capital standard

MarketsSept 11, 2017

South Korean banks failed to make it into the global top tier in capital volume last year, data showed Monday. According to an estimate by Korea Ratings, none of the country’s banking groups were am...
[Kosdaq Star] Minwise’s foray into fintech buoys foreigner appetite

MarketsSept 10, 2017

This is the 41st in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- Ed The blockbuster debut in July of Kakao Bank, an online-only bank launched by messagin...
Sweeping changes expected in state-run bank leadership

MarketsSept 7, 2017

South Korea’s top state-run financial bodies are expecting leadership changes, with candidates -- who worked for the former Roh Moo-hyun administration -- awaiting presidential approval. The Financi...
Korean banks’ overseas performance jumps nearly 50%, boosted by interest revenue

MarketsSept 6, 2017

South Korean banks saw a nearly 50 percent increase on-year in net profit from offshore banking units in the first half of this year on surge in interest revenue, while the reliance on the overseas b...