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The Korea Herald

Markets

October 27, 2024
Blackpink's Rose and Bruno Mars' 'APT' sparks surge in related stocks

Blackpink’s Rose is making waves with her latest single, “APT,” a collaboration with American singer-songwriter Bruno Mars, which is not only topping global music charts around the world but also boosting related stock prices. South Korea’s leading soju maker, HiteJinro, saw its stock price cl...
October 25, 2024
KB posts record Q3 earnings, vows higher shareholder returns

KB Financial Group reported record third-quarter profits driven by increased interest revenues from expanded loans while announcing a plan to enhance shareholder returns linked to its financial stability. The group posted a net profit of 1.61 trillion won ($1.17 billion), a 17.5 percent on-year in...
October 25, 2024
South Korea to lead Japan, Taiwan in GDP per capita: IMF

South Korea’s gross domestic product per capita is projected to continue its lead over Japan and Taiwan in 2024, according to International Monetary Fund data. In its “World Economic Outlook,” released on Monday, the IMF forecasted Korea's GDP per capita to rise this year to $36,132, which woul...
October 25, 2024
Korea to regulate cross-border trading of crypto

The Korean government is to tighten the monitoring of cross-border trading of virtual assets, including cryptocurrency, through a revised law set for enactment by the latter half of 2025. "The government will push for the revision of the Foreign Exchange Transactions Act related to virtual assets ...
October 24, 2024
[Contribution] Future-oriented partnership between Korea, Singapore

By Lee Seong-woo, Vice president of Korea Chamber of Commerce and Industry Living up to its reputation as a “small but mighty” country, Singapore has been an economic hub of Asia and is home to the Asian headquarters of many global companies. Its business-friendly investment environment, talente...
October 24, 2024
Korea's economic growth slows in Q3 on weaker exports

South Korea’s economy has grown by 0.1 percent in the third quarter from the prior quarter, undershooting forecasts by big margins due to unexpectedly slowed exports, according to preliminary data from the Bank of Korea on Thursday. The country's real gross domestic product -- a key measure of ec...
October 24, 2024
Korea Zinc shares soar 30% amid prolonged ownership fight

Shares of Korea Zinc, the world’s largest zinc smelter, jumped almost 30 percent on Thursday amid speculation that the prolonged power struggle between the current management and the MBK Partners-Young Poong coalition could push the share price up further in the coming weeks. As of 3 p.m., the sh...
October 23, 2024
[Contribution] SGATAR in Seoul: NTS driving cooperation in tax administration

By Choi Jae-bong Vice Commissioner of National Tax Service Nestled in the southeastern corner of France lies the small sovereign state of Monaco, a tranquil city-state renowned for actress Grace Kelly and Formula 1 racing. However, in 1962, this peaceful city-state found itself at the center of a...
October 22, 2024
KEF chief meets with EU ambassadors to beef up economic ties

Member companies of the Korea Enterprises Federation met with ambassadors of the European Union on Tuesday to elevate economic cooperation and discuss strategies for embracing the shift in the labor market induced by industrial restructuring. Top officials from 23 EU member nations’ embassies in ...
October 22, 2024
WGBI inclusion boon for FX market reform: ministry

The recent inclusion on the World Government Bond Index, a global benchmark for bond investments, proves South Korea is headed in the right direction in its efforts to improve its foreign exchange market, an official from the Finance Ministry said Monday. On Oct. 9, the Financial Times Stock Excha...
October 21, 2024
Tariff tops US election agenda for Korean firms

Whether Democratic presidential nominee Kamala Harris or Republican candidate Donald Trump takes the White House, US tariff policy for the next four years is the top concern for Korean firms, according to Korea Chamber of Commerce and Industry poll results on Monday. In a survey conducted on 300 K...
October 20, 2024
[Exclusive] Iranian bank may consider closing Korea branch: source

Bank Mellat, a private bank based in Iran, may have to consider pulling its operations out of South Korea with its hands tied here due to the looming fears of secondary boycott actions from the US authorities. “With the upcoming US presidential election, the pressure on Iran will only escalate. B...
October 20, 2024
KB Kookmin Bank adds two new branches in India

KB Kookmin Bank said on Sunday that services will begin on Monday at its new branches in Chennai and Pune as the Korean bank seeks to expand its footing in the Indian market. Chennai, the largest city in southern India, serves as a major commercial and manufacturing hub, while Pune, in India’s we...
October 18, 2024
K bank delays IPO again

South Korea's internet-only K bank will postpone its stock market debut to next year, due to insufficient demand. On Friday, K bank announced it is pushing back its initial public offering, which was originally scheduled for Oct. 30, to early next year. The bank also disclosed that it has filed to...
October 17, 2024
Finance minister vows all-out efforts to win Czech nuclear deal

Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok vowed to secure the final deal for Czech nuclear plants amid ongoing criticism that it would result in a pork-barrel project. “We will put an utmost effort to ensure that the construction of the Czech nuclear power plant reac...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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