The Korea Herald

Imported car sales down 6.6% in Sept on part shortages

EconomyOct 6, 2021

Sales of imported vehicles in South Korea fell 6.6 percent in September from a year earlier due to fewer working days and supply glitch that stemmed from parts shortages, an industry association said...
Seoul stocks open higher on Wall Street gains

MarketsOct 6, 2021

South Korean stocks opened higher Wednesday as investor sentiment was uplifted by overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (KOSPI) rose 11.73 points, or 0.4 pe...
Seoul expresses concerns over Washington's info-sharing request on chipmakers

EconomyOct 6, 2021

South Korea's trade ministry on Wednesday expressed concerns over Washington's latest request to local chipmakers to share information on their supply chains amid growing concerns over the leak of ma...
Inflation growth hits over 2% for 6th straight month in Sept.

EconomyOct 6, 2021

South Korea's consumer prices grew more than 2 percent for the sixth consecutive month in September, due largely to high oil prices, data showed Wednesday, indicating a build-up of inflationary press...
S. Korea's FX reserves hit record high in September

EconomyOct 6, 2021

South Korea's foreign reserves rose to an all-time high in September due to a rise in profits from investment of foreign currency assets, central bank data showed Wednesday. The nation's foreign res...
Toss Bank kicks off full operation, targeting low-credit borrowers

MoneyOct 5, 2021

Toss Bank, South Korea’s third internet-only bank, commenced full operations on Tuesday, highlighting its user-friendly financial services that differentiate itself from rivals quickly expanding thei...
Kospi slumps below 3,000 points for first time in 6 months

MarketsOct 5, 2021

Market likely to suffer longer over lingering uncertainties, experts say
[Feature] Fractional share trading in S. Korea faces regulatory hurdles

MarketsOct 5, 2021

Fractional trading in South Korea will kick off next year, offering retail investors wider access to the nation’s stock market. But the new trading system, if implemented without detailed legal consi...
S. Korean stock market nosedives to almost 7-month low

MarketsOct 5, 2021

South Korean stocks plunged to an almost seven-month low Tuesday, as investor sentiment was weakened by the debt ceiling tussle in the United States and debt crises involving Chinese property develop...
[Newsmaker] Finance minister blasted for failing to curb housing prices

EconomyOct 5, 2021

Finance Minister Hong Nam-ki came under fire during a parliamentary inspection on Tuesday for failing to stop the relentless rise in housing prices despite dozens of policy measures implemented in re...
Hahn & Co. eyes W300b in partial exit from secondhand car retailer IPO

MoneyOct 5, 2021

South Korea-based private equity firm Hahn & Co. is poised to cash in on 306.6 billion won ($258.1 million) from an initial public offering of a fully-owned secondhand car retailer K Car on Wednesday...
Digital transformation drives out bank branches, ATMs: data

MoneyOct 5, 2021

Amid the rapid digital transformation brought on by the COVID-19 era, local banks have increasingly turned their backs on brick-and-mortar branches and automated teller machines, data showed Wednesda...
Samsung heir stays S. Korea's richest stockholder

EconomyOct 5, 2021

Lee Jae-yong, the chief of South Korea's top conglomerate Samsung Group, remains the country's richest stockholder despite a fall in the value of his shareholdings, a corporate tracker said Tuesday. ...
Online shopping rises 16.8% in Aug. amid pandemic

EconomyOct 5, 2021

Online shopping in South Korea grew 16.8 percent from a year earlier on solid demand for food delivery services and foodstuffs amid the protracted pandemic, data showed Tuesday. The value of online ...
Seoul stocks open lower on US stock losses

MarketsOct 5, 2021

South Korean stocks opened lower Tuesday, as investor sentiment was hurt by overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index (Kospi) slumped 29.05 points, or 0.96 per...