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The Korea Herald

Markets

November 25, 2024
Korean banks head to CES amid AI push

South Korean banks will head to Las Vegas next January for CES 2025, with some set to showcase their latest artificial intelligence-driven financial technologies at the world’s largest consumer electronics event. Among the participants will be Shinhan Bank, returning for a third consecutive year ...
November 25, 2024
Job creation lowest on record among under-30s

The number of newly hired workers in their teens and 20s marked the lowest figure since an official tally has been kept since 2018, a government data showed Sunday. A total of 1.45 million new hires among people under the age of 30 occurred in the second quarter of this year, down 8.6 percent from...
November 24, 2024
Woori Bank CEO to step down amid legal turmoil over loan scandal

Woori Bank CEO Cho Byung-kyu is stepping down in disgrace as legal risks surrounding the bank and its parent group intensify. According to industry sources on Sunday, the board of Woori Financial Group, the holding company of Woori Bank, on Friday decided against reappointing Cho following the exp...
November 22, 2024
Hanjin inks partnership with DHL to boost logistics competitiveness

Hanjin Logistics Corporation said Friday it has signed a strategic partnership agreement with DHL Supply Chain Korea, to strengthen collaboration in logistics operations and expand its network in South Korea. The agreement will focus on key industries, including pharmaceutical, semiconductor, cons...
November 21, 2024
Main opposition pushes to ease, not postpone, tax on crypto gains

The main opposition Democratic Party of Korea is planning to pass a bill that raises the threshold for a planned tax on virtual asset-related gains, up to 50 million won ($35,800) from the previously planned 2.5 million won, sources said Thursday. The original scheme for crypto tax gains would hav...
November 21, 2024
Koreans' overseas investments exceed foreigners' local investments for the first time

South Koreans' investments in foreign assets have reached a record high, while foreign investors continue to pull out of the local market, pushing the gap to an all-time high. According to Bank of Korea's International Investment Position report for the third quarter, the nation's net foreign fina...
November 21, 2024
[Herald Interview] Korea Expressway CEO leads push to export Korean road expertise globally

One of the more exciting developments for Ham was introducing KEC’s advanced intelligent transportation systems technology to officials in the United States earlier this year. “The reception was great. Developed countries are looking for smarter ways to manage traffic and maintain infrastructure,...
November 21, 2024
KEC makes inroads into Europe with massive Turkey highway project

By Moon Joon-hyun ( mjh@heraldcorp.com )
November 20, 2024
IMF lowers Korea's 2025 growth outlook to 2%

The International Monetary Fund on Wednesday lowered its economic growth forecast for South Korea to 2 percent next year, down from 2.2 percent projected earlier in October, citing high uncertainties and weak domestic demand. The announcement came after a team of IMF officials led by Korea mission...
November 20, 2024
Hanwha Life acquires 75% stake in US securities firm

Hanwha Life, a leading Korean insurance company, said Wednesday it has signed a stock purchase agreement to acquire a 75 percent stake in US securities firm Velocity Clearing. Established in 2003, New York-based Velocity Clearing is an IT-based securities firm primarily serving institutional inves...
November 18, 2024
W10tr buyback plan fires up Samsung stock

Shares of Samsung Electronics continued to rebound Monday, recovering from the steep decline in the previous week, following the company’s announcement of a share buyback plan worth 10 trillion won ($7.17 billion) from Friday. As of 2 p.m. Monday, Samsung Electronics shares were trading at 56,200...
November 17, 2024
[KH Explains] Why Korean bank shares got bump from Trump's 2nd term

Shares of local banks are putting up a fight in the bearish Korean stock market, as investors are pricing in expectations that the lenders could excel in the second Donald Trump administration, under softened regulation and higher interest rates. The KRX Banks index, representing shares of top fin...
November 15, 2024
Toss posts record revenue in Q3, led by brokerage biz

Viva Republica, the operator of mobile financial service Toss, posted record-high revenue in the July-September period, gaining traction for a potential US listing. According to the company on Thursday, its third-quarter revenue soared 47.5 percent to 502.1 billion won ($356 million) from a year a...
November 14, 2024
Korea to take action if currency falls more

South Korea’s finance minister warned against excessively volatile currency moves on Thursday, vowing to take swift action if needed amid the rapid depreciation of the Korean currency against the US dollar. Financial authorities will bolster efforts to stabilize the financial and foreign exchange...
November 14, 2024
[Contribution] Investment diary of a CIO’s son

By Steve Brice My youngest son is starting out on his investment journey. As background, he has been gifted some money, which he wants to invest for at least 7-10 years. He is not interested in finance, although he is interested in making money. He is about to go to university in February and expe...

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EDITOR'S PICKS

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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099