The Korea Herald

KB Financial chief vows to boost shares via strong portfolio

Sept 17, 2020

KB Financial Group Chairman Yoon Jong-kyoo, who is likely to keep his role for another three-year term, pledged Thursday to boost the firm’s shares with a strong and versatile portfolio. “As you can...
[Market Close-up] Pandemic polarizes risk appetite in real estate investment

Sept 17, 2020

S. Korean real estate investors say they seek distressed assets, publicly-traded assets for downside protection
Foreign currency deposits hit new high in Aug.

Sept 17, 2020

Foreign currency deposits at banks in South Korea touched a new all-time high in August as companies boosted dollar holdings, central bank data showed Thursday. Outstanding foreign currency-denomina...
KB Financial chief Yoon Jong-kyoo likely to serve 3rd term

Sept 16, 2020

KB Financial Group Chairman Yoon Jong-kyoo should keep his seat for a third term, the banking group’s outside directors decided Wednesday, bolstered by his bold moves in expansion of nonbanking busin...
Korean investors close in on US student housing acquisition

Sept 16, 2020

South Korean investors are inching closer to taking over a student housing facility in the United States from US real estate developer Lincoln Ventures for roughly 140 billion won ($119.37 million), ...
Carousell snaps up $80m from Naver-led investors

Sept 16, 2020

Singapore-based online marketplace platform Carousell said Wednesday it had raised a combined $80 million funding from an investor group led by South Korean internet giant Naver. Along with Naver, o...
PAG exits from only Korean portfolio company at discount

Sept 15, 2020

Hong Kong-based private equity investor PAG Asia Capital exited from Korean toy maker Young Toys by selling its entire stake for some 150 billion won ($127 million) to an investor consortium led by l...
Analysts cast doubt on Shinhan‘s motive behind PE-backed capital increase

Sept 13, 2020

Shinhan Financial Group’s plan to increase capital, list new common shares and invite foreign private equity firms as new shareholders in October has left local market watchers with doubts about the ...
Authorities to rein in surging credit loans

Sept 13, 2020

Responding to an explosive surge in Korean lenders’ credit loans extended to borrowers, financial authorities have embarked on working-level talks with banking circles to implement selective loan reg...
[Decoding Shareholders] Is Shinhan breaking ties with Korean-Japanese shareholders?

Sept 13, 2020

Banking group announces capital raise involving Hong Kong-based equity in unlikely moment, prompting questions on motives
Standard Chartered CEO mentors university students in S. Korea

Sept 10, 2020

London-based Standard Chartered Bank CEO Bill Winters mentored Korean university students seeking careers in finance in an contact-free manner as part of his monthlong visit to the country, the lende...
TVXQ’s Yunho stars in Shinhan’s campaign for millennials

Sept 9, 2020

K-pop duo TVXQ’s Yunho was featured in a promotional video for Shinhan Financial Group’s campaign promoting healthy lifestyles for millennials, launched Wednesday. Participants in the three-month so...
COVID-19 changing how Korean LPs think about infrastructure bet

Sept 9, 2020

Korean investors turn to renewable energy, digital infrastructure-linked assets, while ‘Green New Deal’ initiative comes in tandem
FSC to provide safeguards for heavy debtors

Sept 9, 2020

To help delinquent debtors get back on their feet, Korean authorities plan to draft new legislation that enables them to request a debt restructuring program to financial institutions and have a medi...
Korean asset managers take heat from H2O fund freeze

Sept 8, 2020

Korean asset management houses are facing a ripple effect from London-based investor H2O Asset Management‘s decision to halt fund withdrawals for four weeks and to draw up measures to seek redress fr...