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The Korea Herald

Markets

January 28, 2020
Mobile payment accelerates demise of coins, banking branches

Last year, the number of newly minted coins hit the lowest value on record and the number of banking branches continued to drop, according to data on Monday. The Bank of Korea, the nation’s central...
January 22, 2020
Shinhan chief gets suspended sentence over influence-peddling charges

Shinhan Financial Group Chairman Cho Yong-byoung on Jan. 22 received a suspended sentence on influence-peddling charges in the flagship banking unit’s recruiting scandal, even as his leadership rema...
January 21, 2020
S. Korea to launch financial data exchange platform in March

South Korea will test-run a financial data exchange platform in March, enabling users to sell and purchase such data conveniently, the nation’s top financial regulator said Tuesday, in a move seen as...
January 20, 2020
S. Korea considering imposing 20% tax on cryptocurrencies

South Korea’s Finance Ministry is considering imposing a 20 percent tax on income from cryptocurrency transactions, officials said Jan. 20. The Ministry of Economy and Finance recently ordered its o...
January 13, 2020
Goldman Sachs, SK to invest W50b in cold chain logistics center

Goldman Sachs and SK Corp. announced on Jan. 13 plans to invest jointly in an eco-friendly cold chain logistics center in South Korea. Global investment banking group Goldman Sachs and SK Group’s ho...
January 06, 2020
Apple most favored by Korean investors among foreign stocks in Q4: data

Apple Inc. was the top pick by South Korean investors among foreign companies during the fourth quarter of last year as local investors joined the rush to buy shares in the U.S. tech giant on hopes ...
January 06, 2020
SKC to complete takeover of world's top copper foil maker for US$1b

SKC Inc., a chemical unit of SK Group, said on Jan. 6 that it will acquire KCF Technologies Co., the world's top producer of copper foil for lithium-ion batteries, this week in a bid to diversify its...
December 26, 2019
Financial stability of households worsens despite slowing debt growth: BOK

South Korean households have become less fiscally sound despite their debt growing at the slowest pace in over 15 years, a central bank report said Dec. 26. Outstanding household debt, including ...
December 24, 2019
Service sector sales up 5.6% in 2018

South Korea’s service sector logged a 5.6-percent rise in sales last year from a year earlier, thanks to robust sales at convenience stores and coffee shops, data showed Dec. 24. The combined sal...
December 24, 2019
Brokerages‘ net profit down 28.5% in Q3

South Korean and foreign securities firms saw their combined net profit fall 28.5 percent in the third quarter from a quarter earlier due in part to declines in commission fees, data showed Dec. 24. ...
December 18, 2019
Weaker dollar signals Korean investor comeback to US real estate

The weakening US dollar against South Korea’s currency over recent days has signaled more Korean money inflow into US commercial real estate, a real estate analyst said Dec. 18. The recent move -- w...
December 16, 2019
Korean hydropower project in Solomon Islands wins $240m investment pledge

The Tina River Hydropower Project, an infrastructure development project in the Solomon Islands involving South Korean companies, has secured a combined $240 million investment pledge from six invest...
December 16, 2019
JB Financial's banking arm to acquire Hanoi-based Morgan Stanley Gateway Securities

South Korea’s provincial banking group JB Financial Group said Dec. 16 that its commercial banking arm Kwangju Bank had signed a deal to acquire Vietnamese investment bank Morgan Stanley Gateway Se...
December 15, 2019
Gov‘t approves merger of LG Uplus-CJ Hello merger

The merger between South Korean mobile carrier LG Uplus Corp. and cable and budget phone operator CJ Hello Co. received final approval from the government on Dec. 15 in a development that could lead ...
December 13, 2019
German firm Delivery Hero to take over S. Korean food delivery unicorn Woowa Brothers

South Korean food delivery unicorn startup Woowa Brothers announced Dec. 13 that German food delivery giant Delivery Hero will acquire a majority stake in the company at a $4 billion valuation. Berl...

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