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S. Korea to post negative GDP growth due to coronavirus: reportsMarketsApr 5, 2020South Korea is likely to post negative economic growth this year due to the novel coronavirus pandemic, data showed Sunday. The average estimate of the nation’s gross domestic product growth for thi... -
Temasek sells Celltrion stake in block dealMarketsApr 2, 2020Ion Investments, an affiliate of Singaporean investment firm Temasek Holdings, sold millions of shares of Korean biosimilar giant Celltrion and its distribution affiliate Celltrion Healthcare in a bl... -
Hyundai Capital’s global assets surpass W50trMarketsApr 1, 2020Hyundai Capital said Wednesday that assets of its global offices surpassed 50 trillion won ($40.9 billion) in value for the first time since it launched its first overseas branch in the US in 1989. ... -
![[Exclusive] Meritz Securities bond sale raises W1.2tr on path to become ‘mega IB’](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/03/31/20200331000553_0.jpg)
[Exclusive] Meritz Securities bond sale raises W1.2tr on path to become ‘mega IB’MarketsMar 31, 2020Asset management firm Meritz Securities recently sold more than a trillion won of property bonds in a bid to meet government rules that require securities firms to lower debt guarantees, according to... -
Chaotic market puts fate of Korean M&As to testMarketsMar 30, 2020Over the past few months since the outbreak of the novel coronavirus, some employees of Hyundai Development Company, a local real estate developer under the pan-Hyundai empire, have been walking on t... -
Mirae Asset takes lead in local pension fund industryMarketsMar 29, 2020Mirae Asset Global Investments, a Korean asset management firm, has been cementing its leadership in the local personal pension fund market with assets under its management continuing to grow this ye... -
NPS contemplates stance on fate of Hanjin KAL chairmanMarketsMar 25, 2020South Korea’s state pension fund said Wednesday that it will take a final stance Thursday on the family feud centering on management control of Hanjin KAL, holding company of Hanjin Group which runs ... -
Business loans soar in March amid looming coronavirus recessionMarketsMar 24, 2020As the COVID-19 pandemic is expected to cause an economic contraction worldwide, South Korean conglomerates, the main locomotives of the nation’s economy, are increasingly borrowing money from banks ... -
![[News Focus] Are foreign investors behind stock market drop?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/03/23/20200323000715_0.jpg)
[News Focus] Are foreign investors behind stock market drop?MarketsMar 23, 2020Amid the accelerating volatility of South Korea’s stock market, discontent is brewing over foreign investors, accused of being responsible with their rampant short selling. Short sellers, either ins... -
![[Economy in Pandemic Era 3] Overseas property investments to take hit from coronavirus](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/03/22/20200322000014_0.jpg)
[Economy in Pandemic Era 3] Overseas property investments to take hit from coronavirusMarketsMar 22, 2020Highly volatile exchange rates and dampened investment sentiment around the world are now posing challenges to South Korea’s asset management firms, which have been accelerating their expansion into ... -
Viva Republica inches closer to launching brokerage serviceMarketsMar 18, 2020Fintech platform operator Viva Republica said Wednesday that it has received preliminary approval to run a stock trading business from the nation’s financial watchdog, the Financial Services Commissi... -
‘Proxy advisers KCGS and ISS have lost objectivity on Hanjin’MarketsMar 18, 2020Major shareholders of logistics giant Hanjin KAL on Wednesday rebelled against proxy advisory firms Korea Corporate Governance Service and Institutional Shareholder Service for their decision to supp... -
Kakao Bank to be led by sole CEOMarketsMar 17, 2020South Korea’s leading online-only bank Kakao Bank announced Tuesday that Yoon Ho-young, who headed the bank as co-CEO, will now serve as the company’s sole chief. The online bank has been managed by... -
Mirae Asset invests in US-based Impossible FoodsMarketsMar 16, 2020South Korea’s Mirae Asset Financial Group has invested some $150 million in Impossible Foods, a US-based startup that produces meat alternatives, according to reports Monday. Mirae Asset, along with... -
Coronavirus wipes out more than $16tr from global stock marketsMarketsMar 15, 2020The fast-spreading novel coronavirus outbreak has erased $16.7 trillion market capitalization in global stock markets, according to news reports Sunday. The overall market cap in 86 nations dropped ...
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