The Korea Herald

Fitch keeps S. Korea’s credit rating at AA-

EconomyOct 20, 2021

Global credit appraiser Fitch Ratings said Wednesday that it would maintain South Korea’s stable credit rating and keep its economic growth projection positive, citing the country’s economic resilien...
BlackRock becomes 3rd-largest shareholder of Hanwha Solutions

MoneyOct 20, 2021

US-based investment manager BlackRock has become the third-largest shareholder of energy services company Hanwha Solutions, a filing showed Wednesday. BlackRock’s 11 affiliated entities were holding...
Seoul stocks retreat on institutional selling

MarketsOct 20, 2021

South Korean stocks retreated Wednesday, led by strong institutional sell-offs. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) fell 15.91 points, ...
Only 15% of Kospi firms pursue ESG management: survey

MarketsOct 20, 2021

Despite industrywide efforts to promote sustainable corporate management through environmental, social and governance aspects, many South Korean companies appear to be struggling to integrate the val...
Analysts upbeat over Kakao Pay’s valuation

MoneyOct 20, 2021

South Korean mobile payment app operator Kakao Pay embarked on a two-day book building process targeting institutional investors Wednesday, following delays due to local authorities’ requests. The r...
KB Kookmin acquires remaining stake in Cambodia’s Prasac Microfinance

MarketsOct 20, 2021

South Korea’s KB Kookmin Bank said Wednesday that it has acquired the remaining stake in Prasac Microfinance Institution, to wholly own Cambodia’s largest microfinance deposit-taking firm. KB Kookmi...
Number of retail investors' overseas stock accounts soars 74% in H1

MarketsOct 20, 2021

The number of overseas stock accounts held by South Korean retail investors jumped 74 percent in the first half of the year from six months earlier amid their brisk investment in foreign shares, data...
S. Korea considering temporary fuel tax cut amid surging gasoline prices

EconomyOct 20, 2021

South Korea is considering temporarily lowering fuel taxes to ease consumer burden from surging gasoline prices, the country's top economic policymaker said Wednesday. Finance Minister Hong Nam-ki s...
Seoul stocks open higher on US gains

MarketsOct 20, 2021

South Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (Kospi) rose 5.66 points, or 0.19 percent, to 3,034.7 in the first...
Brokerages sharply cut Q3 earnings outlook for major listed firms

EconomyOct 20, 2021

South Korean brokerage houses have sharply lowered their third-quarter earnings outlook for major listed firms amid rising inflation and other negatives, a market tracker said Wednesday. The combine...
[Herald Interview] ‘For durable recovery, S. Korea’s monetary policy can remain accommodative’

EconomyOct 19, 2021

IMF cautious over monetary tightening here, welcomes aggressive fiscal policy, short selling resumption
Seoul halves recommended agency fees to relieve housing price burden

MoneyOct 19, 2021

Legally suggested brokerage fees were lowered around 50 percent starting Tuesday, over implementation of the related law revised to reduce burden on soaring housing prices. For those selling or buyi...
Seoul stocks rebound on easing virus woes, stabilizing currency market

MarketsOct 19, 2021

South Korean stocks rebounded Tuesday on easing concerns about the new coronavirus and the volatility in the currency market. The Korean won rose against the US dollar. The benchmark Korea Composite...
Falling Samsung shares: what it means to S. Korean investors

MarketsOct 19, 2021

Despite being most shorted stock and gloomy outlook on chip industry, over 6 million retail investors remain loyal
[News Focus] Seoul housing prices climb 7% since May

MarketsOct 19, 2021

19% growth seen on-year in capital’s home prices