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Napoli searching for Spalletti replacement after title; Mourinho indicates he'll stay at Roma
Indonesia kicks off multilateral naval exercise amid Asia-Pacific tension
UBS to retain more than 100 Credit Suisse bankers in Asia: source
Putting the K in hip-hop: South Korea's Jay Park
Presidential office recommends collecting KBS license fee separately from electricity bill
Lotte sets up future growth task force in Korea, Japan
Trade fair showcases ASEAN food, beverage
'Korean-German cooperation vital for energy solution'
[Today’s K-pop] Stray Kids’ 3rd LP sells over 2m in single day
fromis_9 blooms with first LP 'Unlock My World'
Indian Embassy celebrates International Day of Yoga
Cabinet approves bill to remove sunset clause for death sentence
Celltrion, Rani team up to develop oral Humira biosimilar for arthritis
Daewoong seeks global expansion of Fexuprazan
Man in 20s indicted for online sexual abuse of teenagers
Seoul shares end higher on Fed's rate-hike pause hopes
[Herald Review] In stories of empowering women, 'Red Book' and '9 to 5' differ in portrayals of men
LG Electronics joins RE100 to go net zero by 2050
Overseas Koreans Agency chance for global business hub: Yoon
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Samsung insurers to invest $650m in Blackstone alternatives portfolio
Sept 28, 2022
Samsung Group’s insurance units signed a deal worth $650 million with US-based private equity firm Blackstone to expand its global alternative asset portfolio, the Korean insurers said Wednesday. Samsung Life Insurance and non-life insurer Samsung Fire & Marine Insurance will invest in overseas real estate, infrastructure and private equities managed by Blackstone through the latest deal. The in...
Saemaul Geumgo mulls new branches in Fiji
Sept 27, 2022
The Korean Federation of Community Credit Cooperatives is expanding international cooperation to help alleviate poverty in developing countries by sharing Koreans’ experience of doing so through savings. Under the guidance of the Ministry of the Interior and Safety, community credit cooperatives, known as Saemaul Geumgo, were set up in Myanmar in 2017, Uganda in 2018 and Laos in 2020. Currently,...
SC Bank Korea offers 2.4% for new money market accounts
Sept 27, 2022
Standard Chartered Bank Korea said it will offer special interest rates of up to 2.4 percent for as long as 60 days to first-time SC customers who deposit 100 million won or more, up to 2 billion won, in money market deposit accounts. Money market deposit accounts pay interest based on the daily account balance. The bigger the deposit, the higher the interest. The promotional rate is offered to...
Brokerages earn W23.6b in short selling fees in H1: data
Sept 27, 2022
Brokerages in South Korea raked in a combined 23.61 billion won ($16.5 million) in fees from handling stock short selling in the first half of this year, data showed Tuesday. The amount compared with 29.28 billion won they earned from short selling-related fees throughout last year, according to the data from the Financial Supervisory Service. The Seoul branch of Morgan Stanley earned the large...
Mirae Asset backs out of W4.1tr IFC deal
Sept 26, 2022
South Korea’s Mirae Asset Global Investments is pulling out of a 4.1 trillion won ($2.86 billion) deal to acquire IFC Seoul, a landmark complex in Yeouido, western Seoul, from Canada’s Brookfield Asset Management, industry sources said Monday. In May, Mirae Asset was picked as the preferred bidder to acquire the IFC Complex, which consists of three office towers, after fierce competition with a ...
Fandom power might change blockchain ecosystem, experts say
Sept 23, 2022
Another speaker at the forum that pointed to the power of fandom was Alexandre Dreyfus, CEO of Socios and Chiliz, an Ethereum-based coin that runs on the Chiliz blockchain. Dreyfus and his business have close ties with the concept of fandom as Socios is a fintech platform for fan engagement and fan monetization of sports teams using blockchain technology. “Our vision is simple: we want to change...
Upbit operator picks NFT venture with BTS’ Hybe as most anticipated project
Sept 22, 2022
Dunamu CEO says Upbit ‘unrattled’ over global crypto exchanges' Korea entry
2022 Upbit Developer Conference kicks off in Busan
Sept 22, 2022
The Upbit Developer Conference, the nation’s largest annual blockchain developer conference, will kick off Thursday, addressing the latest issues and trends in the blockchain industry, the company said Wednesday. The two-day event hosted by Dunamu, the operator of South Korean crypto exchange Upbit, will be held at the Busan Port International Exhibition & Convention Center in person after two y...
Saudi public VC funds in town in search of Korean startups
Sept 20, 2022
Saudi Arabia’s two major public investment funds have arrived in South Korea to look for local startups to add to their portfolios, the Seoul Metropolitan Government said Tuesday. Jada, a fund-of-funds set up by Saudi sovereign wealth fund Public Investment Fund, and fellow state-run Saudi Venture Capital will cooperate with the Seoul government to find Korean “unicorns” or startup companies wit...
KB opens Korea's largest premium private banking branch
Sept 13, 2022
South Korea’s KB Financial Group said Tuesday it has recently opened the nation’s largest premium private banking branch in Seoul in a bid to provide a fuller range of services to its wealthy clients. The seven-story building, named after the bank’s recently launched premium banking service “KB Gold & Wise the First,” is located in Seoul's posh district of Apgujeong. The floor space, themed on b...
[Newsmaker] Apple Pay in final-stage talks to enter Korean market
Sept 7, 2022
Apple Pay is in the final stage of talks with local credit card issuer Hyundai Card to start its Korean services by the end of this year, according to news reports on Wednesday. Apple’s digital payments service, launched in 2014, has since expanded its Asian reach, including China, Japan, Singapore and Hong Kong. But it has struggled to enter Korea mainly due to a lack of technological infrastru...
SK Broadband invests $4m in collaboration platform developer Swit
Sept 7, 2022
SK Broadband has decided to invest $4 million (5.5 billion won) in US collaboration platform developer Swit as the company seeks to boost its competitiveness in the business-to-business sector, the South Korean internet service provider said Wednesday. On top of the investment, SK Broadband said the company will become the sole distributor of Swit in the domestic market while pushing for collabo...
MBK chairman to donate $10m to New York’s Met Museum
Sept 7, 2022
Seoul-based private equity house MBK Partners Founder and Chairman Michael Byung-ju Kim will donate $10 million to help the renovation work of the Metropolitan Museum of Art in New York, both the firm and the museum said Wednesday. “The Metropolitan Museum of Art announced today that Michael ByungJu Kim has pledged $10 million to support the renovation of the Museum’s Oscar L. and H.M. Agnes Hsu...
Foreign reserves fall in August on strong US dollar
Sept 5, 2022
South Korea's foreign reserves fell in August as the strong US dollar reduced the conversion value of euro and other currency-denominated assets, central bank data showed Monday. The country's foreign reserves came to $436.4 billion as of end-August, down $2.2 billion from the previous month, according to the data provided by the Bank of Korea (BOK). Foreign reserves consist of securities and d...
[Market Eye] Lone Star verdict sheds light on Korea’s systematic flaws, experts say
Aug 31, 2022
As South Korea seeks to become Asia’s next financial hub, experts call authorities to draw clear lines, bolster transparency
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[Hello Hangeul] Korea needs to talk about invasion of English alphabet in everyday signage
Busan murder suspect told police she was being manipulated
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3 out of 10 university students witness bullying: report
S. Korea, Japan agree to bury hatchet on radar dispute, boost data sharing
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YouTuber's unauthorized disclosure of suspect's identity stirs controversy
[KH Explains] Hyundai, hit by subsidy cuts in US, bolsters ties with China’s CATL
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Yoon orders stern crackdown on civil organizations misusing government subsidies
BTS' Jungkook to possibly debut solo in July
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S. Korea eyes UN seat as NK rebukes UN body
S. Korea beat Nigeria to advance to semifinals at FIFA U-20 World Cup
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