The Korea Herald

Moody’s changes A1 credit rating of Citibank Korea on review for downgrade

Oct 29, 2021

Global credit rating agency Moody’s said Friday it has placed the credit rating of Citibank Korea on review for a downgrade citing the bank’s decision to close its retail banking business. The agenc...
Seoul stocks open higher on Wall Street gains

Oct 29, 2021

South Korean stocks opened higher Friday as investor sentiment was uplifted by overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (KOSPI) rose 14.25 points, or 0.47 perc...
Seoul stocks down for 2nd day on inflation concerns

Oct 28, 2021

South Korean stocks retreated for a second straight day Thursday, weighed down by concerns about the increasing inflationary pressure. The Korean won rose against the US dollar. The benchmark Korea ...
FSC chief vows support for banks’ integrated digital platform

Oct 28, 2021

The nation‘s top financial regulator on Thursday vowed policy efforts to forge an integrated online platform for conventional players to accelerate digital transformation of their financial services ...
Seoul stocks open slightly higher on tech advance

Oct 28, 2021

South Korean stocks opened slightly higher Thursday on advances in tech shares, which fueled hopes of a strong earnings report season. The benchmark Korea Composite Stock Price Index (Kospi) added 5...
Citibank’s retail business closure not subject to regulator’s approval: FSC

Oct 27, 2021

The policymaking Financial Services Commission said Wednesday that Citibank Korea’s plans to gradually phase out its consumer banking operations are not subject to the regulator’s authorization. “Ac...
Online mall SSG.com picks IPO managers as it eyes 2022 listing

Oct 27, 2021

SSG.com, the e-commerce arm of South Korean retail giant Shinsegae Group, said Wednesday it has selected managers for its initial public offering with a goal to make a market debut in 2022. Accordin...
Changes in share ownership show power transitions in chaebol: survey

Oct 27, 2021

Descendants of South Korea’s conglomerate founders have inherited more shares and strengthened their control on the companies in recent years, data showed Wednesday, indicating a generational power t...
Seoul stocks slump as investors take profit amid earnings peak-out worries

Oct 27, 2021

South Korean stocks retreated Wednesday as investors attempted to cash in gains amid concerns that the corporate earnings may wane after a strong third quarter. The Korean won fell against the US do...
[News Focus] Outstanding mortgages may top 1,000 trillion won in 2022

Oct 27, 2021

Mortgage loans surge by 200 trillion won since 2017
S&P raises Hanwha General Insurance credit outlook to stable

Oct 27, 2021

Global credit rating agency S&P Global Ratings said Wednesday it raised the credit outlook of Hanwha General Insurance from negative to stable, citing its prospects for future high earnings. The age...
K-pop agencies likely to join W2tr club on hopes of returning stages

Oct 27, 2021

Kiwoom Securities raised its target price of S.M. Entertainment from 78,000 won to 90,500 won, while JYP Entertainment’s target price has been set at 63,000 won from the previous target of 58,000 won...
Fundraising via IPO hits $10b in Korea’s record year

Oct 27, 2021

Fundraising activities via a company’s initial public offering rose sixfold by volume in South Korea‘s capital market during the first three quarters of this year over investors’ growing appetite for...
Seoul stocks open lower on profit-taking

Oct 27, 2021

South Korean stocks opened lower Wednesday as investors attempted to cash in gains. The benchmark Korea Composite Stock Price Index (KOSPI) fell 7.81 points, or 0.26 percent, to 3,041.27 points in t...
W5tr flows into Kakao Pay IPO subscription

Oct 26, 2021

Kakao Pay, which is expected to go public on Nov. 3, attracted more than 5 trillion won ($4.2 billion) during the two-day public subscription for its initial public offering, according to its IPO man...