The Korea Herald

Woori chief faces another penalty for misselling

MoneyApr 9, 2021

South Korea’s financial watchdog on Friday imposed a penalty on Woori Financial Group Chairman Sohn Tae-seung, holding him responsible for its commercial banking unit’s misselling of funds tied to th...
Kakao to suspend trading due to 5-for-1 stock split next week

MarketsApr 9, 2021

Trading in shares of Kakao, South Korea’s top mobile messenger operator, is set to be suspended for three days from Monday, following its decision to carry out its first-ever stock split. By lowerin...
Seoul stocks snap weeklong gains on valuation concerns

MarketsApr 9, 2021

South Korean stocks snapped their weeklong winning streak Friday as foreigners and institutions took a breather amid increased valuation pressure. The Korean won fell against the US dollar. The benc...
Foreigners stay net sellers of S. Korean stocks in March

EconomyApr 9, 2021

Foreign investors remained net sellers of South Korean stocks for a fourth month in March on profit-taking and rising US long-term interest rates, central bank data showed Friday. Foreigners' stock ...
S. Korea's bond issuance falls in March

EconomyApr 9, 2021

Bond issuance in South Korea shrank in March from the previous month due mainly to a tumble in corporate debt sales, industry data showed Friday. The value of bonds sold in Asia's fourth-largest eco...
State deposit insurer KDIC sells 2% stake in Woori Financial

MarketsApr 9, 2021

The state-run Korea Depository Insurance Corp. (KDIC) said Friday it sold a 2 percent stake in Woori Financial Holdings Co. as part of efforts to recoup taxpayer money injected into the company. The...
S. Korea needs preemptive anti-inflation steps: senior official

EconomyApr 9, 2021

South Korea needs to take preemptive measures to cope with escalating concerns over inflation, a senior government official said Friday. The remark by First Vice Finance Minister Lee Eog-weon comes ...
Seoul stocks open tad higher on hopes for global economic recovery

MarketsApr 9, 2021

South Korean stocks opened higher Friday, tracking overnight Wall Street gains amid growing hopes for a global economic recovery. The benchmark Korea Composite Stock Price Index (KOSPI) rose 3.25 po...
Bitcoin on rollercoaster ride amid government warnings

MarketsApr 8, 2021

Bitcoin prices remained unstable Thursday after falling more than 10 percent late Wednesday in a roller-coaster movement that coincided with the government’s warning and a widening price gap with ove...
Seoul stocks up for 6th day on global recovery hope

MarketsApr 8, 2021

South Korean stocks gained for a sixth consecutive session Thursday amid global economic recovery hope. The Korean won fell against the US dollar. After choppy trading, the benchmark Korea Composite...
New Seoul Mayor's deregulation pledge excites market, draws concerns

MarketsApr 8, 2021

Oh likely to push for development of high-rise apartments in city, sparking concerns from central government
S. Korean households’ stock investment hits record-high

EconomyApr 8, 2021

South Korean households spent a record-high net 83.3 trillion (74.5 billion) won in stock investment last year, central bank data showed Thursday, but their borrowing also surged to an unprecedented ...
Oh’s election win likely to boost construction shares

MarketsApr 8, 2021

Construction businesses in the South Korean stock market are likely to benefit from an election win by Seoul Mayor Oh Se-hoon over his pledges focusing on housing redevelopment plans. “Based on plan...
Exports tipped to expand 18.1% in 2021: think tank

EconomyApr 8, 2021

South Korea's exports are expected to expand 18.1 percent on-year in 2021 to set a fresh record high on the back of global economic recovery from the COVID-19 pandemic, a think tank said Thursday. O...
‘Korea’s private equity market hindered by chaebols’

MarketsApr 8, 2021

Foreign investors have a hard time navigating South Korea’s “unique” private equity investment landscape, having to face obstacles such as family-run conglomerates’ dominance in the domestic industry...