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Seoul to set up online data platform to fight virusesMarketsJul 2, 2020The government said Thursday it plans to establish a so-called “bio data station” -- an online data platform for biotechnology -- in a bid to accelerate research and development in the emerging secto... -
Kakao Pay Securities highlights fun factor in stock tradingMarketsJul 1, 2020Riding the wave of contactless service, Kakao Pay Securities, a brokerage backed by mobile messenger operator Kakao, said Wednesday that it would take the stock trading scene to the next level by add... -
FSS finds no proof on alleged hacking attempts of Toss: sourcesMarketsJun 30, 2020South Korea’s financial authorities have tentatively concluded that unauthorized payments made on fintech platform Toss were not caused by any security breach, according to sources Tuesday. The Fina... -
US drug firm backed by GC LabCell attracts $78m in Series A fundingMarketsJun 26, 2020GC LabCell, a manufacturer of cell therapy products, said on Friday that its US strategic partner Artiva Biotherapeutics has raised $78 million in Series A funding round. Launched in March last year... -
Korea Investment & Securities teams with KT to build AI platform for financial servicesMarketsJun 23, 2020Korea Investment & Securities has joined a local alliance to build an artificial intelligence platform for the digital transformation of the financial sector, according to the brokerage firm on Tuesd... -
Korea to allow conglomerates to own startup VCsMarketsJun 22, 2020South Korea is working on relaxing financial regulations to boost the startup ecosystem by allowing conglomerates to own venture capital firms, according to news reports Monday. The government is al... -
Kakao Bank joins forces with stock brokeragesMarketsJun 17, 2020Kakao Bank said Wednesday its customers can now open KB Securities stock trading accounts via its platform. The local brokerage under KB Financial Group is the latest securities company to forge a p... -
![[Market Close-up] Stock market volatility spikes on concerns of second wave, foreign buying spree](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/06/16/20200616000902_0.jpg)
[Market Close-up] Stock market volatility spikes on concerns of second wave, foreign buying spreeMarketsJun 16, 2020Volatility in South Korea’s stock market rose this week on fears of a second wave of COVID-19 infections and return of foreign and institutional investors seeking to profit from undervalued stocks, a... -
Hanhwa Life accelerates digital transformationMarketsJun 16, 2020Hanwha Life Insurance said Monday that it has completed organizational restructuring and promoted young executives in a bid to reinforce its digital technology capabilities. To secure future growth ... -
Kakao Bank most-favored workplace for university students: surveyMarketsJun 15, 2020Kakao Bank, one of the largest online-only banks in South Korea, has been picked as the most popular workplace among university students here, according to a recent survey Monday. In the survey of 1... -
![[Banks of Future] Security concerns overshadow fast-growing fintech industry](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=649&simg=/content/image/2020/06/12/20200612000440_0.jpg)
[Banks of Future] Security concerns overshadow fast-growing fintech industryMarketsJun 14, 2020Recent unauthorized payments on money transfer platform Toss are stoking concerns about the safety of payment solutions in general and online financial services available in South Korea. Online purc... -
Lawmakers call for eased rules for conglomerates’ investments in startupsMarketsJun 11, 2020A group of lawmakers, professors and industry officials on Thursday urged the government to relax regulations that have prevented the marriage between industrial and financial capital, stressing that... -
FSS plans to review security of fintech solutions due to unauthorized payments on TossMarketsJun 10, 2020The unauthorized transactions on Toss, an online money transfer platform operated by fintech startup Viva Republica, are likely to trigger extensive inspections of similar solutions by the financial ... -
Viva Republica in hot water over unauthorized payments on its fintech platformMarketsJun 9, 2020Viva Republica, which runs the money transfer platform Toss, says it has recently found unauthorized payments made on its system, and is working to find the exact causes of the incident. According t... -
K bank gears up to resume operations after hiatusMarketsJun 9, 2020K bank is working to resume operations in July after a monthslong hiatus due to liquidity problems, according to industry insiders Tuesday. South Korea’s first internet-only bank recently announced ...
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