The Korea Herald

Citibank Korea launches ATMs for US dollar withdrawals

MarketsMay 29, 2017

Citibank Korea said Monday it has introduced automated teller machines enabling bank account holders with local currency to withdraw money in US dollars. The ATMs for foreign exchange transaction we...
Q2 optimism, bullish IT lift Kospi outlook

MarketsMay 28, 2017

The main stock market’s consensus net profit estimate for this year has been raised in the wake of a strong earnings forecast for the second quarter and buoyancy of IT firms at home and abroad. The ...
Kakao applies for Kospi listing

TechnologyMay 25, 2017

Kakao submitted Thursday a set of documents for listing eligibility review on South Korea‘s main bourse, according to the Korea Exchange. Kakao, the second-largest firm listed on the second-tier Kos...
Kospi carries on record run on world rally

MarketsMay 25, 2017

The benchmark index of South Korea‘s main bourse continued its run into an unprecedented high for the fourth straight trading day Thursday, riding on the US market rallies after the release of the US...
Moon’s transition team urges FSC to find new ways to control debt

MarketsMay 25, 2017

The head of President Moon Jae-in’s de facto transition team Thursday urged the Financial Services Commission to adopt a new way to curb household debt and speed up liquidation of debt-ridden firms. ...
Woori Bank introduces robo advisers

MarketsMay 24, 2017

Woori Bank has launched an artificial intelligence-based financial adviser, or “robo adviser,” as well as robots built for customer assistance at local branches. The nation’s fourth-largest commerci...
Kospi ceilingless for 3 consecutive days

MarketsMay 24, 2017

The first-tier stock market in South Korea remained ceilingless for three consecutive days Wednesday. The benchmark Korea Composite Stock Price Index closed at 2,317.34, up 0.24 percent compared to ...
[Newsmaker] Kospi cruises past 2,300, despite foreign selling

MarketsMay 23, 2017

South Korea‘s main bourse extended record-setting rallies for the second consecutive day Tuesday on robust institutional buying that offset foreign selling. The benchmark Korea Composite Stock Price...
Regulators to pave way for 4th credit appraiser

MarketsMay 22, 2017

Financial regulators in South Korea said Monday they were seeking the entry of a fourth credit appraiser into the market, to improve credit rating market confidence and reduce collusive ties between ...
Banking federation embraces 2nd internet-only bank

MarketsMay 22, 2017

Kakao Bank, the second online-only bank in the country set to start its services in June, has joined the Korea Federation of Banks. The KFB said Monday that Kakao Bank had become the 22nd banking in...
‘External uncertainties to heighten stock market sensitivity’

MarketsMay 19, 2017

Developing external uncertainties will heighten sensitivity of the main bourse of South Korea, according to market experts Friday. The first-tier market has been riding on momentum for nearly a mont...
KRX to launch portal on short-selling

MarketsMay 19, 2017

The Korea Exchange will launch a new web portal in June to provide information on short-selling in the local stock market and facilitate individual investors’ access, the market operator said Thursda...
‘Human touch’ vital to digitize banks

MarketsMay 18, 2017

Cultural change in the banking industry looms, with financial technology penetrating into the industry worldwide. But the new technology should be embellished with “human touch,” which would leverag...
Citibank Korea to turn 300 contract positions permanent

MarketsMay 17, 2017

Some 300 contract employees of Citibank Korea will unconditionally become full-time within 2017, the bank said Tuesday. The benefiting employees are office clerks and bank tellers, currently under u...
Optimism abounds for Kospi rally

MarketsMay 16, 2017

Expectations of strong policy drives by President Moon Jae-in are leading to forecasts of a further Kospi rally and a stronger local currency, offsetting rising worries about geopolitical risks. The...