The Korea Herald

Korea's wealth fund KIC sets sights on commercial properties in Europe, China

FinanceJul 26, 2020

Korea Investment Corp., South Korea's $157 billion sovereign wealth fund, is seeking to buy commercial properties in Europe and China, the company's top executive has said, in what could be its lates...
S. Korea’s housing prices soar ahead of real economy

MarketsJul 26, 2020

South Korea’s housing prices were 2.64 times that of the gross domestic product in 2019, as the property market spiked, central bank data showed Sunday. Last year, the aggregate market price of hous...
Delayed tax payments soar in H1 amid COVID-19 impact

EconomyJul 26, 2020

Delayed tax payments during the first half of this year surged by 28 times from a year earlier, reflecting the cash-strapped reality of local taxpayers amid the COVID-19 pandemic fallout, government ...
[Future of Plastic Cards] With digital payments rising, will plastic cards become things of past?

MarketsJul 26, 2020

Fast-changing market trends led by technology require card behemoths to be adaptable
Shinhan Financial hands over leading bank title to rival KB in Q2

MoneyJul 26, 2020

Hedge fund fiasco becomes game changer in top-tier competition
REIT IPOs elicit lukewarm response from retail investors

MoneyJul 26, 2020

The initial public offerings of South Korean real estate investment trusts are drawing lackluster response from retail investors before their listing on the local stock market, estimates showed Sunda...
Samsung Asset delays merger with hedge fund arm

MoneyJul 26, 2020

Samsung Asset Management disclosed Sunday it has put a merger plan with its wholly owned hedge fund subsidiary on hold. The Seoul-based asset manager that oversees 26.9 trillion won ($22.3 billion) ...
Seoul stocks set for mild gain next week: analysts

MoneyJul 25, 2020

South Korean stocks are expected to log mild gains next week on hopes for a US stimulus package in the pipeline, analysts said Saturday. The benchmark Korea Composite Stock Price Index closed at 2,2...
Cigna’s Korean subsidiary denies sell-off rumors

MoneyJul 24, 2020

Lina Life Insurance, an affiliate of Cigna, on Friday denied market rumors that it is up for sale. According to recent market rumors, the US-based health service company plans to sell its stake in t...
Seoul stocks dip for 3rd day on virus fears, economic woes

MarketsJul 24, 2020

South Korean stocks closed lower for a third consecutive session on Friday, as investor sentiment worsened over the economic fallout from the new coronavirus pandemic. The Korean won fell against the...
JB’s asset management arm buys Milan office building

MoneyJul 24, 2020

An asset management arm of South Korea’s JB Financial Group said Friday it has purchased the headquarters of Italian energy firm ENI for 200 million euros ($232 million) as part of its efforts to exp...
Only one-third of disabled people in S. Korea had jobs in 2019

EconomyJul 24, 2020

SEJONG -- Only one-third of people with disabilities had jobs last year, data showed Friday, underscoring the employment challenges facing disabled people. The employment rate of disabled people sto...
Seoul stocks open lower on virus woes

MarketsJul 24, 2020

South Korean shares opened lower Friday on concerns over the virus pandemic's impact on the export-driven economy. The benchmark Korea Composite Stock Price Index (KOSPI) fell 9.73 points, or 0.44 p...
IGIS drops Gangnam apartment renovation plan amid backlash

MoneyJul 23, 2020

IGIS Asset Management said Thursday it has canceled a plan to renovate an apartment building in Gangnam, an affluent southern district of Seoul, it acquired in April. The nation’s largest commercial...
Top bankers call for level playing field with IT firms

EconomyJul 23, 2020

Top executives of South Korea’s five major banking giants on Thursday requested authorities to maintain fair regulatory standards amid the fast rise of tech-driven financial services that are relativ...