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FSC designates 9 fintech services for finance regulatory sandbox scheme

South Korea’s financial regulator on Wednesday designated nine financial technology services as the first participants in the newly enacted “regulatory sandbox” policy for the finance sector. The Fi...

Apr 17, 2019
Finance
Hyundai Capital, Santander Group launch JV Banco Hyundai Capital Brasil

Hyundai Capital, the financing arm of South Korea’s Hyundai Motor Group, and Santander Brasil celebrated the launch of their joint venture, Banco Hyundai Capital Brasil S.A., in Sao Paulo on Wednesda...

Apr 17, 2019
Finance
[News Focus] Korea to launch ‘open banking’ system at year-end

Leniency for fintech firms brings both expectations for innovation and concerns for safety

Apr 16, 2019
Finance
FSS, BOK co-audit 4 major banks over loans to small business owners

South Korea’s chief financial supervisory body and the central bank on Monday launched a joint audit into the country’s four major commercial banks to scrutinize their loan products offered to small ...

Apr 15, 2019
Finance
[News Focus] Korea’s 1st-generation internet banks face murky future amid regulatory hurdles, incoming competition

Since their launch two years ago, South Korea’s two internet-only banks, Kakao Bank and K bank, have steadily built up a sizeable user base, proving the merits of branchless banks to financial consum...

Apr 14, 2019
Finance
Savings deposits above W1b rise at record pace

Large-sum savings deposits over 1 billion won ($880,000) increased at the fastest pace in eight years in 2018, central bank data showed Sunday. According to the Bank of Korea, such accounts topped 5...

Apr 14, 2019
Finance
Brokerages to gain from oil price rally, weakened won

Local brokerages are projecting a rosy outlook with their high-risk investment products, amid an ongoing oil price rally coupled with signs of a weakened Korean currency, analysts said Sunday. “The ...

Apr 14, 2019
Finance
Mirae Asset Global Investments boasts distinguished global portfolio

South Korea’s Mirae Asset Global Investments has been making notable strides in its global investments, which the firm attributed to more direct engagement in deals with overseas investment banks and...

Apr 11, 2019
Finance
Shinhan’s fintech innovation hub to ramp up startup support with FOF firm

Shinhan Futures Lab, a South Korean innovation hub owned by Shinhan Financial Group , said on April 11 it is poised to ramp up support for startups by teaming up with Korean fund of funds managemen...

Apr 11, 2019
Finance
Korea issues gov’t bonds worth record-high W48tr in Q1

The volume of fixed-income securities issued by the South Korean government reached an all-time high of 48.5 trillion won ($42.5 billion) in the first quarter, according to the Korean Financial Inves...

Apr 10, 2019
Finance
FSC tries to soothe credit card sector reeling from transaction fee cuts

The chief of South Korea’s top financial regulator met with the CEOs of local credit card companies Tuesday to finalize measures aimed to diversify income sources and prevent further losses suffered ...

Apr 9, 2019
Finance
Goldman Sachs affiliate again faces fine for naked short selling

South Korea’s financial authority has fined a Goldman Sachs affiliate 72 million won ($63,000) for naked short selling, marking the third case of the US-based investment bank facing sanctions here. ...

Apr 9, 2019
Finance
BOK head to attend G20, IMF meetings this week

South Korea's central bank chief will attend international meetings this week to discuss pending economic and financial issues with this counterparts from the world's major economies, the Bank of Kor...

Apr 9, 2019
Finance
Hanjin chairman’s death exposes cruel effects of owner risk on stocks

Stock prices of South Korea’s flagship carrier Korean Air and Hanjin KAL soared Monday, buoyed with grave irony by the news of Chairman Cho Yang-ho’s death earlier in the day. Analysts are seeing th...

Apr 8, 2019
Finance
Woori Financial inks 1st M&A as holding company

Woori Financial Group said Monday it has closed a deal to acquire Tongyang Asset Management and ABL Global Asset Management, marking its first acquisition deal since the group’s adoption of a holding...

Apr 8, 2019
Finance

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
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