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Startup True Short launches service tracking institutional short selling

South Korea‘s financial technology startup True Short unveiled Thursday a service that tracks information related to institutional short sellers’ activities. The service, run on paid subscriptions o...

Jun 28, 2018
Finance
Corporate watchdog chief vows stern measures against unfair biz practices

The chief of South Korea's corporate watchdog said Thursday that his agency will get tough on any unfair business practices. "Unfair terms of contracts for subcontractors and any other business prac...

Jun 28, 2018
Finance
Watchdog to probe 3 banks' loan interest miscalculation

South Korea’s financial watchdog said Wednesday it will inspect three banks alleged to have overcharged borrowers for more loans by incorrectly calculating the interest. On Tuesday, KEB Hana Bank, C...

Jun 27, 2018
Finance
[Advertorial] KRX moves to boost coverage of small cap shares through new web portal

The Korea Exchange, South Korea‘s sole market operator, has moved to boost investor attention to small cap shares through a new web portal launched in May. The core function of the web portal, dubbe...

Jun 25, 2018
Finance
Bills on P2P lending, cryptocurrency still pending in National Assembly

Lawmakers have proposed bills to regulate peer-to-peer lending and cryptocurrencies, but the bills have gained little momentum in the National Assembly, industry watchers said Monday. Rep. Min Byung...

Jun 25, 2018
Finance
Woori Bank secures Korea's largest offshore branch network on takeover in Cambodia

Woori Bank has acquired Cambodia’s microfinance institution VisionFund Cambodia, becoming a South Korean financial company with the largest offshore retail branch network. Through the acquisition, t...

Jun 24, 2018
Finance
[Kosdaq Star] Genie Music garners investor attention on anticipated M&A

This is the 57th in a series of articles analyzing major companies traded on the tech-heavy Kosdaq market. -- Ed. Genie Music Corporation, South Korea‘s second-largest music streaming and downloadin...

Jun 24, 2018
Finance
S. Korean shares to move in tight range next week

South Korean shares are expected to remain in a relatively tight range next week as investors take to the sidelines amid global trade tensions, analysts said Saturday. The benchmark Korea Composite...

Jun 23, 2018
Finance
Court grants arrests of ex-Samsung Securities employees for selling bogus shares

Three former Samsung Securities employees were arrested on Thursday for selling unauthorized shares mistakenly given to them as dividends in April. The Seoul Nambu District Court approved the arrest...

Jun 21, 2018
Finance
Corporate watchdog chief vows to step up self-reform efforts

The chief of South Korea's corporate watchdog said Thursday that his agency will redouble its efforts to regain the trust of citizens amid the prosecution's probe into alleged job irregularities invo...

Jun 21, 2018
Finance
Geopolitical risks persist on Korean Peninsula: Moody‘s

Global credit rating agency Moody‘s Investors Service said Wednesday that uncertainty related to the geopolitical risks on the Korean Peninsula persists even after the recent series of summits and pe...

Jun 20, 2018
Finance
Bithumb freezes accounts after W35b of cryptocurrencies stolen

Bithumb, South Korea’s second-largest cryptocurrency exchange in trade volume, said Wednesday it would suspend transactions in user accounts after some 35 billion won ($31.6 million) worth of assets ...

Jun 20, 2018
Finance
[Herald Interview] Diversifying channels for foreign worker remittances

The Korea Herald is publishing a series of interviews on promising startups in the financial technology industry. This is the 17th installment. -- Ed. Foreign workers in South Korea from Southeast A...

Jun 19, 2018
Finance
Arrest warrants sought for 4 Samsung Securities officials in dividend error probe

Prosecutors have filed for arrest warrants for four officials at Samsung Securities Co. for knowingly selling bogus shares that were issued to them by the firm by mistake, a prosecution office said T...

Jun 19, 2018
Finance
Won breaches 7-month low against dollar

South Korea’s local currency fell for four consecutive trading days and breached a seven-month low against the US dollar, amid investor risk aversion and the strengthening dollar following growing fe...

Jun 18, 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
Tel : 02.727.0114