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BOK hawkish signs abate as uncertainties arise

Central bank holds key rate at 1.5% for nine consecutive months

Aug 31, 2018
Finance
Woori Bank to become 1st Korean commercial bank to shorten workweek

Woori Bank will become South Korea’s first commercial bank to shorten its workweek to 52 hours, a step to be implemented within a yearlong grace period under a government statute designed to help emp...

Aug 30, 2018
Finance
Samsung Securities expands global network for esports market research

South Korean brokerage house Samsung Securities is expanding the global network for esports market research to local investors amid its growing presence in the sports industry. Esports refers to a f...

Aug 30, 2018
Finance
KB Securities Korea’s most penalized brokerage

South Korea’s brokerage house KB Securities was slapped the highest number of disciplinary actions among financial firms here since 2015, data showed Wednesday. (Herald DB) From 2015 to the end of ...

Aug 29, 2018
Finance
Mirae Asset secures foothold in overseas ETF business

Seoul-headquartered asset management firm Mirae Asset Global Investments has secured a foothold for its exchange traded fund-related business through acquisitions overseas. Mirae Asset Tower in Shan...

Aug 28, 2018
Finance
Korea to create W237.5b global fund for startups with Singapore

South Korea and Singapore will set up a fund worth at least 237.5 billion won ($213.2 million) to invest in Korean startups that seek to enter the Singaporean market and vice versa. (Herald DB) The...

Aug 27, 2018
Finance
Brokerages’ income rises, stability declines

South Korea’s securities brokerage houses reported a combined 2.7 trillion won ($2.4 billion) in net profit in the first half of this year, up 40.7 percent on-year, preliminary data showed Monday. T...

Aug 27, 2018
Finance
Commercial banks’ overseas profit likely to hit record this year

The Korea Federation of Banks on Sunday expressed hopes for local commercial banks’ annual offshore net income from financial branch network operations and investments to mark a record this year. (Y...

Aug 26, 2018
Finance
Costco to end contract with Samsung Card, partner with Hyundai Card

Costco Wholesale Korea, the South Korean unit of the US wholesaler, has chosen Hyundai Card as its partner starting next year, according to the Korean card firm Friday. Following Costco’s single-net...

Aug 26, 2018
Finance
Over 100,000 vendors use Cashnote to manage card income

The number of vendors that use the card income management system Cashnote topped 100,000 as of Friday, according to the service provider, financial technology startup Korea Credit Data, Sunday. Cash...

Aug 26, 2018
Finance
KOSPI to move in tight range next week amid lack of momentum

South Korean shares are expected to move in a tight range next week amid a lack of clear cut momentum and investors' cautious stance on the ongoing trade dispute between the United States and China, ...

Aug 25, 2018
Finance
Goldman sells new London HQ to Korean pension fund

Goldman Sachs has sold his new European headquarters, opening next year in London, to South Korea's National Pension Service for $1.5 billion, the US investment bank has said. Goldman added in a sta...

Aug 23, 2018
Finance
AEBS students pick KB as operator of exemplary cultural space

Students from the Asia Elite Business Scholars group recently visited a bank branch renovated into a cultural space in Seoul run by South Korea’s KB Kookmin Bank. Located in Hongdae in western Seoul...

Aug 23, 2018
Finance
NongHyup Bank acquires Cambodian microfinance institution

Seoul-based NongHyup Bank said Wednesday it gained regulatory approval Friday for operation of the Cambodian microfinance institution Samic that Nonghyup acquired in July. (Herald DB) The Phnom Pen...

Aug 22, 2018
Finance
[Advertorial] Citibank Korea boosts global bank’s presence in Asia

Citibank has been picked as the “best in corporate trust” for three consecutive years by a Hong Kong financial magazine, with its boosted performances in South Korea and other major countries in the ...

Aug 22, 2018
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 : Shin Chang Hoon
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