The Korea Herald

Stable US Treasury yields, market rallies support scenario of Kospi rebound in Q2

MarketsApr 6, 2021

South Korea’s benchmark Kospi could log a fresh record high in the second quarter, a local analyst suggested Tuesday, citing stable US Treasury yields and market rallies on Wall Street as fundamental...
NH Investment ‘fully responsible’ for W300b Optimus misselling: FSS

MoneyApr 6, 2021

South Korea’s financial watchdog said Tuesday that it holds NH Investment & Securities, the nation’s second-largest brokerage firm by net assets, entirely accountable for the misselling practices ass...
Financial holding firms' 2020 net down on increased provisions

EconomyApr 6, 2021

South Korea's 10 financial holding firms saw their combined net profit edge down last year, due mainly to higher loan-loss provisions, data showed Tuesday. The combined net profit of KB Financial, S...
Online shopping rises 15% in Feb. amid pandemic

EconomyApr 6, 2021

Online shopping in South Korea grew 15.2 percent on-year in February as more people bought products via e-commerce platforms amid the pandemic, data showed Tuesday. The value of online shopping tran...
Seoul’s hotel transactions, occupancy shrink by half

MarketsApr 6, 2021

Hotel transaction volume in South Korea’s capital city of Seoul fell sharply in 2020 as travel restrictions stemming from the coronavirus pandemic sent shock waves through the accommodation industry,...
S. Korean stocks open higher on Wall Street gains

MarketsApr 6, 2021

South Korean stocks opened higher Tuesday, tracking overnight gains on Wall Street on the back of strong US jobs data. The benchmark Korea Composite Stock Price Index (KOSPI) added 12.36 points, or ...
Foreign IBs hike S. Korea's 2021 growth outlook to 3.8%

EconomyApr 6, 2021

Major global investment banks (IBs) have again upgraded their outlook for South Korea's 2021 economic growth amid growing hopes of a recovery, a report showed Tuesday. As of end-March, nine major gl...
Brokerages’ shares rise on investments in emerging firms

MarketsApr 5, 2021

Shares in local brokerages have risen over the past few days as their investments in rising fintech companies have gained attention from investors. Shares in Hanwha Investment and Securities rose ...
Hanjin KAL stocks plunge as hostile takeover bid comes to standstill

MoneyApr 5, 2021

Shares of Hanjin KAL plunged Monday as a hostile takeover bid of an activist investor group came to a standstill the week prior. Hanjin KAL, the holding company of the Hanjin conglomerate that contr...
FSC chief says HAAH still considering in SsangYong Motor

MoneyApr 5, 2021

Financial Services Commission Chairman Eun Sung-soo said Monday that SsangYong Motor’s likely investor, US automotive distributor HAAH Automotive, asked the government to give more time before it mak...
Concerns rise as South Korea’s household debt nears GDP

MoneyApr 5, 2021

Household debt in South Korea surged to nearly 100 percent of the nation’s gross domestic product, raising concerns that the central bank’s rate hikes may be placing a heavy burden on the household s...
Seoul stocks up for 3rd day on US infrastructure plan

MarketsApr 5, 2021

South Korean stocks advanced for the third straight session on Monday as investors weigh the $2.25 trillion infrastructure proposal in the United States. The Korean won fell against the US dollar. A...
Hyundai Card rolls out credit card with plentiful benefits

MarketsApr 5, 2021

South Korean credit card issuer Hyundai Card has launched new credit cards which offer what the company says "ultimate rewards," for customers. The new credit cards under the Hyundai Card Z brand is...
South Korea considering longer mortgage terms

EconomyApr 5, 2021

Financial authorities to launch nation’s first 40-year mortgage, with 50-year option proposed
Big tech may outsmart banks in data-driven credit scoring: report

MoneyApr 5, 2021

Financial authorities warn of possible market monopoly by tech firms