The Korea Herald

Shinhan CEOs get slap on wrist over Lime scandal

Apr 23, 2021

The top executives of Shinhan Financial Group and Shinhan Bank received light sanctions Thursday over the sale of problematic funds structured by hedge fund firm Lime Asset Management. A sanctions c...
BlackRock sells some of Coway stake

Apr 22, 2021

The world‘s largest asset management firm BlackRock has sold a 1.18 percent stake in South Korea’s home appliance rental service firm Coway for 50 billion won ($44.7 million), a filing showed Thursda...
Shinhan Asset to shy away from domestic equities with low ESG scores

Apr 22, 2021

Seoul-based Shinhan Asset Management said Thursday it plans to implement an equity investing framework associated with the environmental, social and governance factors for its domestic large-cap equi...
17 Korean startup founders named Forbes' young innovators

Apr 21, 2021

Founders and leaders of 17 rising startups in South Korea were picked as young innovator by the Forbes in a survey that listed 300 successful entrepreneurs under age 30, the Ministry of SMEs and Star...
Shinhan launches all-around mobile payment solution

Apr 20, 2021

South Korea’s Shinhan Financial Group on Tuesday launched a mobile payment solution, as traditional banking groups seek to bolster their digital capabilities in competition against rising fintech fir...
Shinhan Bank partners Kakao Mobility to support taxi drivers

Apr 20, 2021

Shinhan Bank said Tuesday it has signed a memorandum of understanding with Kakao Mobility to financially support the taxi-hailing company’s employees and cooperate on developing new business models. ...
Korean asset managers rush to ramp up green drive

Apr 20, 2021

South Korea’s asset management companies are beefing up their drive to take environmental, social and governance factors into account, by endorsing an international climate initiative and by creating...
FSC to launch stock lending system for individual short sellers

Apr 19, 2021

The nation’s top financial regulator said Monday it will launch a new stock loan system for retail investors to have better access to stock borrowing for short selling. Short selling is a trading te...
Hana faces crisis over executives’ alleged sexism

Apr 19, 2021

Officials’ misogynist remarks, inappropriate behaviors spark debate amid its ambitious ESG push
What will Citibank’s consumer banking exit strategy be?

Apr 18, 2021

Industry watchers say Citi likely to separately sell off different parts of its retail banking biz
Financial authorities vow to minimize inconveniences from Citigroup’s exit from S. Korea

Apr 16, 2021

Second-tier banks in South Korea likely to bid for Citibank Korea‘s retail biz, according to industry sources
Dongbu-led consortium to take over Hanjin Heavy as debt restructuring nears end

Apr 16, 2021

An investor group led by South Korean builder Dongbu Corp. signed a deal to acquire a controlling stake in debt-saddled shipbuilder Hanjin Heavy Industries & Construction, filings showed Friday. Acc...
Construction workers’ fund to commit W60b to PEs, VCs

Apr 16, 2021

South Korean institutional investor, the Construction Workers Mutual Aid Association, has selected four domestic external partners for its 60 billion-won ($53.7 million) commitment to have exposure t...
Citibank to pull retail biz out of Korea, but no timeline set

Apr 15, 2021

Citibank Korea, the South Korean unit of Citigroup, said Thursday that it would withdraw its retail business as part of its parent company’s reorganization plans for Asia. The decision was made to...
Korea witnesses growing co-investment opportunities: Adams Street Partners

Apr 15, 2021

The burgeoning co-investment market in South Korea has reached maturity enough to offer attractive opportunities for investors, US-based investment firm Adams Street Partners said Thursday. Institut...