The Korea Herald

Shinhan Financial becomes 2nd Korean member of VBA

Mar 23, 2021

Shinhan Financial Group said Tuesday it became the first Asian financial holding firm to join the nonprofit Value Balancing Alliance in Frankfurt, Germany, a cross-industry organization developing a ...
Coupang becomes hottest foreign stock for Koreans in debut week

Mar 22, 2021

South Korean investors‘ net capital inflow into Coupang shares came to $87.5 million in its first week on the New York Stock Exchange, data showed Monday. The figure was the highest among foreign st...
Frequent listing and delisting of cryptocurrencies raise concerns and risks

Mar 21, 2021

The number of listed cryptocurrencies has soared in the past four years, as the rapid rise of the price of Bitcoin attracts investor attention to digital assets. However, investors should be cautious...
S. Korean bankers received an average salary of W100m in 2020

Mar 21, 2021

South Korean bankers under four major lenders here saw an average median pay increase of over 8 percent in the past three years, making nearly 100 million won ($88,500) on average last year despite a...
[Top Bankers] What South Korea’s longest-serving bank chief faces in 2021

Mar 21, 2021

Kim Jung-tai tasked with smooth succession, digitalization, overseas expansion in his final year at Hana
New dividend payout rule to take center stage at banks’ shareholders meetings

Mar 19, 2021

New dividend payout programs are set to take center stage at shareholders meetings next week as banking giants seek to appease shareholders amid growing discontent over new regulations that limit the...
NPS denies rumors of adjusting targets of domestic equity allocation

Mar 19, 2021

South Korea’s largest public pension body, the National Pension Service, on Friday denied local news reports that it was considering reweighting its investment portfolio and raising its domestic stoc...
KCGI in predicament as hostile takeover bid for KAL fizzles out

Mar 18, 2021

KCGI’s history of shareholder activism dates back to late 2018. KCGI first emerged as a blockholder of Hanjin KAL in November 2018. The PEF disclosed that it had a 9 percent stake in the company and...
Decisions loom for Woori, Shinhan executives over Lime fiasco

Mar 18, 2021

The country’s two major lenders Shinhan Bank and Woori Bank have come under scrutiny again over their sale of unsound products of scandal-ridden Lime Asset Management after being called to a financia...
Local private equity firm to inject W80b in T'way Air

Mar 17, 2021

South Korea’s private equity firm JKL Partners is poised to inject 80 billion won ($70.7 million) in Korean low-cost air carrier T‘way Air in April, a filing showed Wednesday. JKL Partners was offer...
Coupang founder divests $42m stake after NYSE debut

Mar 16, 2021

Coupang founder Kim Bom-suk has divested his stake in the South Korean e-commerce giant worth $42 million, a filing showed Tuesday. According to the disclosure, Kim converted his Class B stocks into...
Residents' foreign currency deposits rise in February

Mar 16, 2021

Foreign currency deposits at banks in South Korea rose in February, mainly due to a gain in corporate holdings of US dollar deposits, central bank data showed Tuesday. Outstanding foreign currency-d...
Creditor slams SsangYong's passive stance on HAAH deal

Mar 15, 2021

The Korea Development Bank, a major creditor of debt-saddled SsangYong Motor, said Monday that the commercial vehicle maker and its labor union had been “uncooperative” when dealing with the proposed...
Woori to compensate victims of Lime misselling

Mar 15, 2021

South Korea’s Woori Bank on Monday has decided to heed to the financial watchdog’s recommendation to compensate to end-investors who dealt with heavy losses due to the lender’s selling of funds tied ...
Schroders Korea raises W100b for global sustainable growth fund

Mar 15, 2021

Schroders Korea said Monday it had pooled over 100 billion won ($88 million) from South Korean end-investors earlier this month through its fund product that is designed to hold a portfolio of its fl...