-
Shinhan reviews legal action against Lime AssetMarketsJan 16, 2020Shinhan Bank is considering taking legal action against Lime Asset Management, claiming the fund operator made a unilateral decision last year to hedge its portfolio with a fund sold through the comm... -
Woori mulls appointment of new bank chief over possible FSS sanctionsMoneyJan 15, 2020Woori Financial Group is taking a cautious approach in naming the new chief of its flagship banking business due largely to the recent debacle involving the sale of high-risk private funds, according... -
Lime Asset to freeze additional W500b, FSS likely to launch new probeMarketsJan 15, 2020Local fund operator Lime Asset Management has recently decided to freeze an additional 500 billion won ($431.4 million) of its funds, prompting the Financial Supervisory Service to launch a new probe... -
Moon appointed IBK CEO vows corporate innovation amid stiff union resistanceMoneyJan 14, 2020The state-run Industrial Bank of Korea’s new CEO Yoon Jong-won on Tuesday chaired his first official board meeting, gesturing to carry through his leadership despite the labor union’s resistance. Me... -
K-pop stocks likely to gain traction on improved Seoul-Beijing ties: analystsMarketsJan 13, 2020Big-cap K-pop stocks are projected to rally again this year given positive Seoul-Beijing relations and the return of some big players, analysts here said Monday. Shares of the three biggest entertai... -
Samsung, SK hynix stocks to rally on chip market recovery: analystsMarketsJan 12, 2020Shares of Samsung Electronics and SK hynix -- South Korea’s largest chipmakers -- which hit record highs last week should gain momentum this year on the back of the global semiconductor market’s reco... -
S. Korea to deal with risks from US-Iran tensions, assures limited impact on economy: FMEconomyJan 10, 2020South Korea’s finance minister said Friday that the government would continue to monitor the situation in the Middle East and would respond firmly to any threats, while reassuring them that the tensi... -
Iran's retaliation dents Korean financial marketEconomyJan 8, 2020To combat economic fears stemming from the escalating geopolitical tensions, the financial authorities have bolstered their monitoring and reiterated their commitment on Wednesday to swiftly stabiliz... -
S. Korea’s current account surplus grows to $6b in Nov.EconomyJan 7, 2020South Korea’s current account surplus came to $5.97 billion in November, marking a surplus for the seventh consecutive month, amid sluggish exports, data from the Bank of Korea showed Tuesday. The c... -
![[News Focus] ESG drive of Korean banks in spotlight](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/01/06/20200106000154_0.jpg)
[News Focus] ESG drive of Korean banks in spotlightMoneyJan 6, 2020Bringing both financial sustainability and transparency have been the focus of South Korean banks amid growing calls around the world for good corporate governance practices and increased predictabil... -
Credit card use at restaurants declines for first time in 7 yearsEconomyJan 1, 2020South Korea’s credit card spending in restaurants fell 0.3 percent on-year in September 2018, marking the first on-year decline in nearly seven years, data from the Bank of Korea showed Wednesday. T... -
Woori Financial chief recommended for 2nd termMoneyDec 30, 2019Woori Financial Group Chairman and Woori Bank CEO Sohn Tae-seung is likely to pursue a second term as head of the financial holdings company. On Monday, a group of outside directors responsible for ... -
FSS fines KEB Hana W3b for misselling ETNsMoneyDec 30, 2019South Korea’s financial watchdog on Monday fined KEB Hana Bank, one of four major commercial banks here, nearly 3.2 billion won ($2.7 million) for selling exchange-traded notes without providing suff... -
Hyundai Capital’s car-sharing service helps digitalization of rental firmsMarketsDec 29, 2019Hyundai Capital’s car-sharing service Deal Car has partnered with local small and medium-sized rental firms to help them digitalize their operations and platforms. According to the consumer financia... -
BOK vows to maintain monetary easing stance in 2020EconomyDec 27, 2019South Korea’s central bank said Friday that it plans to keep its monetary easing stance next year in a bid to support economic recovery. “We plan to maintain a monetary easing stance to support reco...
MOST POPULAR
-
01Sampling blunder by BTS member serves as cautionary tale for K-pop act going forward
-
Another wave of mass infections feared in capital area: authorities02
-
03[News Focus] South Korea’s population decreases 10,000 in 6 months
-
[Newsmaker] Over 70 Korean-owned properties suffer damage in US protests04
-
05Child found in suitcase with no heartbeat, stepmom arrested
-
S. Korea adds 49 more COVID-19 patients, most in Seoul area06
-
07Trump’s G-7 invite heralds new status for Korea: Cheong Wa Dae
-
Church-tied virus cases on steady rise ahead of further school reopenings08
-
09Korea to remove ‘alien’ word from ID card issued to foreign residents
-
Disposable cup deposits to be reinstated in 202210