The Korea Herald

Regulations threaten to hold up blockchain's progress in Korea

MarketsMay 2, 2017

Financial authorities in South Korea have yet to decide on whether to exempt blockchain technology from regulations on financial privacy, which may hurt Korea’s move to pursue the fintech-led fourth ...
[Photo News] Every day is Children's Day

EconomyMay 1, 2017
S. Korea's exports surge 24% in April

EconomyMay 1, 2017

South Korea’s outbound shipments surged 24.2 percent in April from a year prior to $51 billion, mainly boosted by strong sales of ships and semiconductors, data by the Trade Ministry showed Monday. ...
Non-life insurers’ profits rise on smaller loss ratios for cars

MarketsApr 30, 2017

South Korea’s non-life insurers saw their profits rise due to reduced loss ratios for car insurance and the rise in medical insurance rates in the first quarter, data showed Sunday. However, critici...
Banks continue to raise household lending rates

MarketsApr 30, 2017

Commercial lenders in South Korea have raised interest rates for household lending, weighing on household debt, the central bank’s data showed Sunday. Fresh household loans with rates lower than 3 p...
Kospi hits another record high for 2017

MarketsApr 27, 2017

South Korea‘s benchmark Korea Composite Stock Price Index hit another record high for 2017 Thursday, thanks to individual investors’ buying, offsetting its weak start earlier affected by Samsung’s re...
G&B Solutions helps keep pig farms clean, safe

IndustryApr 27, 2017

Green & Blue Solutions, a local manufacturer of odor eliminators based on bio-enzyme technology, has dedicated itself to addressing concerns over the environment of pig farms and helped improve their...
Kospi tops 2,200

MarketsApr 26, 2017

South Korea’s stock market stayed bullish, with its benchmark Korea Composite Stock Price Index crossing the 2,200 mark for the first time in six years Wednesday, amid world market rallies and the ea...
Standard Chartered Bank Korea to hold fintech forum

MarketsApr 26, 2017

Standard Chartered Bank Korea announced Wednesday it plans to hold a forum dedicated to financial technology at its main branch in Korea on May 17. Michael Gorriz, group chief information officer at...
Kospi tops 2,200 for first time in 6 years

MarketsApr 26, 2017

South Korea’s benchmark Korea Composite Stock Price Index topped 2,200 points, for the first time in six years when it opened Wednesday. The main bourse soared 5.52 points, or 0.25 percent, to reach...
ING Life Insurance shares to be offered at W33,000

IndustryApr 24, 2017

ING Life Insurance Korea announced Monday that it would set its share price at 33,000 won ($29.19), above its minimum suggested price at 31,500 won. This marks the first time an insurance company se...
‘Interest margins drive banks' earnings surprise’

MarketsApr 24, 2017

The earnings surprise of major commercial banks in South Korea in the first quarter was partly driven by their improved net interest margins, data showed Monday. The combined net profit of the four ...
FSS punishes 4 securities firms for taking W10b worth rebates

MarketsApr 21, 2017

The Financial Supervisory Service of Korea announced Friday that it took punitive action against Korea‘s four securities firms for receiving rebates from a securities-financing services company. The...
Kakao mulls relisting on main bourse

TechnologyApr 21, 2017

Kakao, the second-largest company by market cap on the second-tier Kosdaq, is mulling moving to the main bourse Kospi, according to the firm Thursday. “Listing on the Kospi is one option we are cons...
KB Financial Group’s net profit soars nearly 60% in Q1 on-year

MarketsApr 20, 2017

KB Financial Group, the second-largest banking group in net assets, posted 870.1 billion won ($763.7 million) of net profit in the first quarter, a 59.7 percent rise on-year, according to the group’s...