Most Popular
-
1
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
2
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
-
3
Tensions heighten ahead of first president-opposition chief meeting
-
4
Seoul to provide housing subsidy to married couples with newborns
-
5
[Weekender] How DDP emerged as an icon of Seoul
-
6
Rapper jailed after public street fight with another rapper
-
7
Woman gets suspended term for injuring boyfriend with knife
-
8
Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
-
9
[KH Explains] No more 'Michael' at Kakao Games
-
10
NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
-
Woori Financial to hold digital training for employees
Woori Financial Group said Tuesday it would implement an employee training program starting this month, to enhance its digital capabilities. For the program, the group will publish storyboards online about how to create digital financial services, make a good use of e-marketing methods and study consumer trends, officials said. Employees from digital finance units across the banking group’s affiliates -- Woori Bank, Woori Card, Woori Finance Research Institute and Woori FIS, a fina
Nov. 3, 2020
-
SC Bank launches online sales channel to support social ventures
Standard Chartered Bank Korea said Tuesday it had launched an online sales channel on Naver, South Korea’s biggest search portal, to support social ventures operated by young entrepreneurs. The lender has partnered with Naver’s donation platform, called “Happybean,” and opened up an online market there, which will be run until Nov. 30. As of Tuesday, six social enterprises were selling a wide variety of products ranging from food to clothing, while introdu
Nov. 3, 2020
-
Seoul shares open higher on Wall Street gains
South Korean shares opened higher Tuesday, tracking overnight gains on Wall Street ahead of the US presidential election. The benchmark Korea Composite Stock Price Index (KOSPI) rose 25.83 points, or 1.12 percent, to 2,325.99 in the first 15 minutes of trading. The index rose after a 1.46 percent rally the previous session, hoping that the stocks will advance after the US election on Wednesday (Washington time). The upcoming Federal Open Market Committee (FOMC) meeting also boosted investor
Nov. 3, 2020
-
KRX chief likely to lead insurance association
Korea Exchange Chairman Jung Ji-won has been recommended as the sole candidate to take the helm at the General Insurance Association of Korea, an organization that represents domestic general insurance firms, according to news reports Monday. After reviewing four candidates, who also included Meritz Fire & Marine Insurance CEO Kang Young-gu and former Financial Supervisory Commission Vice Chairman Yoo Kwan-woo, an eight-member committee under the insurance association chose Jung. The com
Nov. 2, 2020
-
Seoul jeonse price surges despite tenant protection measures: data
The average price for “jeonse,” one of the most common housing lease systems in Seoul, steeply increased, running counter to the government’s efforts to cool the heated real estate market and protect tenants. The average price of jeonse in the capital city rose by 7.5 percent from 510 million won ($449,000) in August to 536.7 million in October, according to KB Kookmin Bank’s real estate services platform Liiv On. Jeonse refers to a minimum two-year least contract wit
Nov. 2, 2020
-
Korea Herald‘s 1st finance forum to discuss digital innovation in post-coronavirus era
COVID-19 has rattled the economies around the world and Korea is no exception. In light of the prolonged crisis, however, South Korea, an IT powerhouse, is seeking a paradigm shift in its finance sector. To gauge the impact of the virus on the financial and investment sectors and to discuss how to rejuvenate the coronavirus-hit economy with innovative ideas and technology, The Korea Herald, South Korea’s largest English newspaper, holds its first finance forum on Wednesday in Seoul. Un
Nov. 2, 2020
-
Seoul stocks rally ahead of US election, FOMC meeting
Seoul stocks rallied Monday ahead of the upcoming US presidential election and the Federal Open Market Committee (FOMC) meeting. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 33.01 points, or 1.46 percent, to close at 2,300.16. Trading volume was moderate at about 665 million shares worth around 8.4 trillion won ($7.4 billion), with gainers outnumbering losers 683 to 165. Foreigners bought a net 49 billion won, and institutions purchas
Nov. 2, 2020
-
Samsung family in line to inherit W17tr of stocks
Members of the bereaved Samsung ownership family are expected to see major net worth boosts, as the late Chairman Lee Kun-hee left behind massive amounts of stocks they -- including heir apparent Lee Jae-yong -- stand to inherit, data showed Monday. Late Chairman Lee’s personal fortune in the form of stocks -- subject to a handover to the families -- was worth a combined 17.7 trillion won ($15.6 billion) as of Thursday’s market closing, according to data from financial market infor
Nov. 2, 2020
-
Seoul stocks open higher ahead of US election, FOMC meeting
Seoul stocks opened higher Monday ahead of the upcoming US presidential election and the Federal Open Market Committee (FOMC) meeting. The benchmark Korea Composite Stock Price Index (KOSPI) rose 7.37 points, or 0.33 percent, to reach 2,274.52 in the first 15 minutes of trading. Stocks got off to a strong start after the previous session's 2.56 percent plunge. Amid the global COVID-19 resurgence and the US election uncertainties, investors pinned hopes for a dovish signal from the FOMC, whic
Nov. 2, 2020
-
COVID-19 irony: Banking groups set to break records in pandemic
While the global economy seems to be largely struggling under coronavirus woes, South Korea’s major banking groups are projected to see record-high earnings for this year, analysts said Sunday. “There has been an increase in core interest revenues due to a growth in won-denominated loans and a narrow on-quarter decline of the banking groups’ net interest margins by 0.01 percentage point,” a recent note released by local brokerage BNK Securities said. “Their brok
Nov. 1, 2020
-
Kospi records first monthly fall after March
South Korea’s main bourse Kospi saw a monthly dip in October, discontinuing its winning streak following March, when the market hit its rock bottom over market fears on the coronavirus and started a seven-month rebound. Despite the index heading south, retail investors have flocked to high-risk leveraged exchange-traded funds, betting on the local stocks’ recovery, data showed Sunday. According to the nation’s sole securities exchange operator Korea Exchange, Kospi closed at 2
Nov. 1, 2020
-
Seoul shares face high volatility in coming week; US elections, COVID-19 in focus
South Korean shares are likely to face high volatility in the coming week, with key political developments, including the US presidential election and new coronavirus outbreaks, expected to roil global financial markets, analysts said Saturday. The benchmark Korea Composite Stock Price Index (KOSPI) closed at 2,267.15 points on Friday, down 3.97 percent from a week ago. Local analysts said the KOSPI could receive an upward push in the coming week from hopes for third-quarter earnings hikes a
Oct. 31, 2020
-
NPS reaps 5% return as measures to boost gains are underway
South Korea’s public pension fund, the National Pension Service, said Friday that it has reaped a 5.07 percent return on its total investments from January to August this year. The nation’s largest institutional investor, overseeing 789.9 trillion won ($695.3 billion) worth of assets, also unveiled measures to pursue additional gains by wooing more hedge fund partners and enhancing its foreign currency management. At a meeting Friday of the NPS’ Fund Management Committee, We
Oct. 30, 2020
-
NH NongHyup to operate mobile banking business via Naver Cloud Platform
NH NongHyup Bank said Friday that it has partnered with Naver Cloud Platform to use a public cloud system to operate its mobile-based financial services, becoming the first company in the local banking industry to do so. Under the partnership, the lender will employ a financial public cloud system offered by NCP -- the cloud affiliate of South Korea’s leading internet portal operator, Naver -- when running its own mobile banking application All One Bank, which offers savings and d
Oct. 30, 2020
-
Seoul stocks sink over 2.5% on massive foreign sell-offs
South Korean shares plunged more than 2.5 percent Friday, as major tech giants suffered a slump from massive foreign sell-offs. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) plunged 59.52 points, or 2.56 percent, to close at 2,267.15. Trading volume was high at about 775 million shares worth some 11.5 trillion won ($10.1 billion), with losers outnumbering gainers 753 to 123. Stocks widened losses following a weak start, led by a retreat in
Oct. 30, 2020
-
Seoul stocks open lower on tech loss
South Korean shares opened lower Friday despite the overnight Wall Street rebound, as major tech giants suffered a slump. The benchmark Korea Composite Stock Price Index (KOSPI) fell 11.33 points, or 0.49 percent, to 2,315.34 in the first 15 minutes of trading. Stocks came to a weak start, led by top cap tech losses. Pharmaceutical heavyweights that posted stellar gains the previous session also retreated on profit-taking. The Dow Jones Industrial Average rebounded by 0.52 percent to 26,659
Oct. 30, 2020
-
[Advertising Awards] Shinhan’s 'Sobi Mama' campaign finds wit in wise spending
MARKETING AWARDS / GOLD PRIZE SHINHAN CARD By Yoon Seung-won General manager of planning team I would like to extend my gratitude to customers for giving steadfast love to Shinhan Card. I am also honored that Shinhan Card’s Shinhan Pay Fan “Sobi Mama” winning the Gold Prize at the Korea Herald Marketing Awards. As we are on verge of entering the “new normal” era, we are witnessing quick changes in our lives in regard to the digitalization of industries. Customer
Oct. 29, 2020
-
SK Biopharm, SK Chem likely to join MSCI index, but not Big Hit
SK Biopharmaceuticals and SK Global Chemical are likely to be included on the MSCI Korea Index next month, market watchers said Thursday. But Big Hit, the local entertainment agency behind K-pop sensation BTS, is seen as unlikely to make the cut. The Geneva-based MSCI is set to announce the results of its semiannual index review Nov. 11. Other South Korean companies, including Hanmi Science, Doosan Heavy Industries & Construction and Genexine, could also join the index, while Posco Interna
Oct. 29, 2020
-
S. Korean subsidiaries of foreign banks, online giants make top 10 list for gender equality
South Korean subsidiaries of foreign banking groups, online giants and daily necessities makers made the annual list for the 10 best companies working toward gender equality among the country’s 500 largest firms, data showed Thursday. This year’s awarded firms comprised foreign-based lenders Citibank Korea and Standard Chartered Bank Korea, leading local internet firms Naver and Kakao, cosmetics giant Amorepacific, outdoor clothing manufacturer Yongone Corp., LG Group a
Oct. 29, 2020
-
Seoul stocks fall on global virus surge
South Korean stocks closed lower Thursday on foreign and institutional selling as new coronavirus outbreaks in major global economies continued to surge at an alarming rate. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) fell 18.59 points, or 0.79 percent, to close at 2,326.67. Trading volume was moderate at about 488 million shares worth some 10.1 trillion won ($8.9 billion), with losers outnumbering gainers 641 to 221. The KOSPI started ou
Oct. 29, 2020