The Korea Herald

Applications for Techstars Korea’s first batch to close March 1

MarketsFeb 12, 2020

Techstars Korea, a South Korean unit of Colorado-based global startup accelerator Techstars, said Wednesday applications for its first accelerating program in the nation will close on March 1. The f...
Fitch affirms S. Korea's credit rating at 'AA-'; outlook stable

EconomyFeb 12, 2020

SEJONG -- Global credit appraiser Fitch Ratings said Wednesday it has kept South Korea's foreign currency credit ratings unchanged at "AA-" with a stable outlook. Fitch's rating for South Korea has ...
ICT exports down for 15th consecutive month in Jan.

EconomyFeb 12, 2020

SEJONG -- South Korean exports of information and communication technology products dropped for the 15th straight month in January due to sluggish shipments of chips, displays, and mobile devices, da...
Online credit card use up 44.5% over coronavirus fears

EconomyFeb 11, 2020

Online credit card spending by South Korean consumers rose 44.5 percent in the fourth week of January, amid fears of the novel coronavirus outbreak, industry data showed Tuesday. According to data c...
Woori Financial names new CEO to flagship bank

MoneyFeb 11, 2020

Woori Financial Group on Tuesday announced the appointment of the new head of its flagship commercial banking unit, in a move that is projected to further escalate its tension with the financial auth...
Korea to employ Silicon Valley-inspired SAFE venture investment method

MarketsFeb 11, 2020

South Korea is poised to employ a Silicon Valley-style venture capital instrument starting from July, to let startups raise funds with fewer strings attached. The Ministry of SMEs and Startups promu...
FSC to have final say on FSS-Woori dispute

MarketsFeb 11, 2020

Regulator to review watchdog’s sanctions decision on chief of banking group
S. Korea expanding efforts to normalize supply chain amid coronavirus spread

EconomyFeb 11, 2020

South Korea said Tuesday it is making efforts to minimize the economic fallout of the new coronavirus as local manufacturers' production lines have been partially disrupted due to shortages of Chines...
NPS posts highest return on investment since 2010

MarketsFeb 11, 2020

South Korea’s state pension fund National Pension Service said on Tuesday that it posted the highest return on investment in 10 years in 2019 largely due to the bullish stock markets here and abroad....
Household debt growth sharply decelerates in Jan.

EconomyFeb 11, 2020

The household debt extended by banks in South Korea slowed sharply in January from a month earlier due to a seasonal factor, central bank data showed Tuesday. Fresh bank loans extended by banks to l...
Korea's exports jump 69.4% in first 10 days of Feb.

EconomyFeb 11, 2020

SEJONG -- South Korea's exports jumped 69.4 percent in the first 10 days of February, mainly due to rising shipments of cars and semiconductors, customs data showed Tuesday. The country's exports st...
[News Focus] Battle intensifies to become ‘Korea’s Goldman Sachs’

MarketsFeb 10, 2020

Hana Financial is the latest to enter IB market amid concerns over brokerages focusing on real estate, not startups
Logistics startup Mesh Korea denies sell-off rumors

MoneyFeb 10, 2020

South Korea’s logistics startup Mesh Korea -- operator of algorithm-powered micro delivery service Vroong -- denied rumors Monday that it is selling the stakes of its executives, amid a growing confl...
MMAA chief meets US PEF Rhone, ex-Trump adviser Bolton

MarketsFeb 10, 2020

South Korea's institutional investor Military Mutual Aid Association said Monday its Chief Executive Kim Do-ho held a closed-door meeting with a batch of top officials at US-based private equity hous...
[News Focus] Woori, FSS lock horns over Sohn’s leadership

MarketsFeb 10, 2020

The conflict between Woori Financial Group and South Korea’s financial watchdog has escalated over the disputed leadership of its top executive in light of the alleged extensive financial product mis...