The Korea Herald

FSS warns KB Savings Bank against lax control of soaring household debt

Sept 7, 2021

Amid the government’s move to bolster household debt management, the Financial Supervisory Service said Tuesday it has handed down a warning to KB Savings Bank over its loose screening for unsecured ...
Both sides claim victory as Kyobo Life-shareholder arbitration ends

Sept 6, 2021

Kyobo Life Insurance and its minority shareholders both argued Monday that they had won an arbitration at the International Chamber of Commerce over a drawn out dispute surrounding shares Kyobo Life ...
[NK DEFECTOR'S EYE] South Korea’s financial market, crypto assets and metaverse through the eyes of NK defectors

Sept 6, 2021

For some, the digital transition of South Korea’s financial markets is an opportunity; for others, coming from a system where banks are distrusted, it’s an uncrossable wall
Toss Bank to expand loan service to thin filers amid delayed kick off

Sept 6, 2021

Toss Bank will expand its loan services to thin filers with little credit history or borrowers with low credits through its advanced credit assessment system while delaying its official launch to nex...
Samsung Asset launches dollar-denominated stock index fund

Sept 6, 2021

Samsung Asset Management said Monday it has launched a dollar-denominated equity index fund that tracks the United States‘ broad-based S&P 500 constituents. This marked the first dollar-denominated ...
[ESG Talk] Reshaping landscape of risk management in times of ESG

Sept 5, 2021

Digital technology advancements have led the business community to popularize the abbreviation VUCA -- short for volatility, uncertainty, complexity and ambiguity -- with great hype and enthusiasm. T...
Banks’ lending rates inch up amid tighter household debt control

Sept 5, 2021

Amid growing pressure from the government’s tightened grip on soaring household debt, South Korean banks’ lending rates sharply edged up in recent months, data showed Sunday. The adjustable rate cha...
[Weekender] Saving little by little with money making apps

Sept 4, 2021

From mobile step counters to secondhand coupons, digital natives look for new ways of making money extra -- but there’s always risks
[Herald Interview] ‘Empowerment of individuals, solution for fair market,’ says WallStreetBets founder

Sept 1, 2021

The way to create a fair market for all is to empower individual investors to keep bureaucratic power in check, the founder of WallStreetBets, a group of US retail investors behind the GameStop saga,...
Namyang Dairy deal trapped in quagmire as chief holds Hahn & Co. accountable

Sept 1, 2021

Scandal-ridden Namyang Dairy Products Chairman Hong Won-sik said Wednesday he and other shareholders scrapped a stake sales and purchase deal with Seoul-based private equity firm Hahn & Co., citing u...
Banks' average capital adequacy ratio rises in Q2

Sept 1, 2021

South Korean banks saw their financial health improve in the second quarter from three months earlier as they reported high net profits and raised capital amid the COVID-19 pandemic, data showed Wedn...
Kakao Pay revises down IPO size after 2-month delay

Aug 31, 2021

South Korea‘s mobile payment app operator Kakao Pay has revised down its target offer price range for the initial public offering of its stocks as its plan to go public underwent a two-month delay, a...
3 crypto exchanges launch ‘travel rule’ joint venture

Aug 31, 2021

South Korea’s three top cryptocurrency exchanges -- Bithumb, Coinone and Korbit -- launched a joint venture to co-develop solutions for a “travel rule” system, the companies said Tuesday. They inves...
Blackstone seeks up to W320b in exit from handbag maker IPO

Aug 31, 2021

New York-based private equity firm Blackstone is attempting to cash in on its holdings in Simone Acc Collection for up to 320.7 billion won ($275.3 million) in a partial exit involving an initial pub...
Hahn & Co. sues Namyang Dairy for breach of contract

Aug 30, 2021

Seoul-based buyout firm Hahn & Co. has filed a lawsuit against Namyang Dairy Products shareholders for failing to abide by a binding contract to sell their controlling shares to them, the nation’s se...