Back To Top
K-Pop Herald
The Investor
The Herald Business
The Herald POP
Real Foods
Newsletter
Sign in
National
Politics
Social Affairs
Foreign Affairs
Defense
North Korea
Hwang on China
Science
Diplomatic Circuit
Education
K-Wellness
Business
Industry
Technology
Transport
Retail
Finance
Economy
Market
Money
Life&Style
Culture
Travel
Fashion
Food & Beverage
Books
People
Expat Living
Arts & Design
Health
Entertainment
Film
Television
Music
Theater
K-pop
esports
Sports
World Cup
Soccer
Baseball
Golf
More Sports
World
World News
World Business
Opinion
Editorial
Viewpoints
English Eye
Podcast
English Cafe
#Hashtag Korea
Topics
Hello Hangeul
Weekender
Interactive
PR Newswire
Global Insight
한국어판
Mobile Version
Subscribe
KH Media Kit
RSS
Twitter
YouTube
Instagram
SK hynix joins with TSMC to produce High Bandwidth Memory 4
Government flags changes in expansion plan
First Filipino domestic helpers to arrive this summer: ministry
Yoon's approval rating plunges to all-time low
N. Korea, Belarus agree to strengthen cooperation, high-level contacts
Jay Park to release new single album ‘Jay Park Season 1’
Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
Flights divert around western Iran as explosions and loud noise reportedly heard near Isfahan
Police find more evidence of murder-suicide in Paju hotel death case
S. Korea not invited to G7 summit meeting this year: sources
‘Mom, I want to live’: Mentally disabled man reaches out to police for help
Man who died from rare disease donates organs to save 5
Economics professor, ex-BOK official named as new monetary policymakers
N. Korea slams US envoy's Asian tour as 'aid-begging' trip to enliven anti-Pyongyang sanctions
[Korea Quiz] National flower
Seoul shares open sharply lower amid waning hope for early rate cuts
Exchange rate volatility does not pose 'significant' economic challenges in Korea's case: IMF official
Govt. likely to accept university chiefs' request to lower med school enrollment quota
[Travel Bits] Festivals, sights across Korea
+
Finance
All
Economy
Market
Money
Saudi public VC funds in town in search of Korean startups
Sept 20, 2022
Saudi Arabia’s two major public investment funds have arrived in South Korea to look for local startups to add to their portfolios, the Seoul Metropolitan Government said Tuesday. Jada, a fund-of-funds set up by Saudi sovereign wealth fund Public Investment Fund, and fellow state-run Saudi Venture Capital will cooperate with the Seoul government to find Korean “unicorns” or startup companies with a value of over $1 billion to invest in. The investment funds arrived in Seoul on
KB opens Korea's largest premium private banking branch
Sept 13, 2022
South Korea’s KB Financial Group said Tuesday it has recently opened the nation’s largest premium private banking branch in Seoul in a bid to provide a fuller range of services to its wealthy clients. The seven-story building, named after the bank’s recently launched premium banking service “KB Gold & Wise the First,” is located in Seoul's posh district of Apgujeong. The floor space, themed on books and art, consists of 15 consulting rooms and 1,400 vaults. At the
[Newsmaker] Apple Pay in final-stage talks to enter Korean market
Sept 7, 2022
Apple Pay is in the final stage of talks with local credit card issuer Hyundai Card to start its Korean services by the end of this year, according to news reports on Wednesday. Apple’s digital payments service, launched in 2014, has since expanded its Asian reach, including China, Japan, Singapore and Hong Kong. But it has struggled to enter Korea mainly due to a lack of technological infrastructure here. Most local retailers use the magnetic secure transmission technology, in which devic
SK Broadband invests $4m in collaboration platform developer Swit
Sept 7, 2022
SK Broadband has decided to invest $4 million (5.5 billion won) in US collaboration platform developer Swit as the company seeks to boost its competitiveness in the business-to-business sector, the South Korean internet service provider said Wednesday. On top of the investment, SK Broadband said the company will become the sole distributor of Swit in the domestic market while pushing for collaboration businesses including new products that will integrate its message and fax services with Swit&r
MBK chairman to donate $10m to New York’s Met Museum
Sept 7, 2022
Seoul-based private equity house MBK Partners Founder and Chairman Michael Byung-ju Kim will donate $10 million to help the renovation work of the Metropolitan Museum of Art in New York, both the firm and the museum said Wednesday. “The Metropolitan Museum of Art announced today that Michael ByungJu Kim has pledged $10 million to support the renovation of the Museum’s Oscar L. and H.M. Agnes Hsu-Tang Wing for modern and contemporary art," the Met said in an official press relea
Foreign reserves fall in August on strong US dollar
Sept 5, 2022
South Korea's foreign reserves fell in August as the strong US dollar reduced the conversion value of euro and other currency-denominated assets, central bank data showed Monday. The country's foreign reserves came to $436.4 billion as of end-August, down $2.2 billion from the previous month, according to the data provided by the Bank of Korea (BOK). Foreign reserves consist of securities and deposits denominated in overseas currencies, International Monetary Fund reserve positions, sp
[Market Eye] Lone Star verdict sheds light on Korea’s systematic flaws, experts say
Aug 31, 2022
As South Korea seeks to become Asia’s next financial hub, experts call authorities to draw clear lines, bolster transparency
Troubled Optimus Asset Management declared bankrupt
Aug 30, 2022
A South Korean court on Tuesday officially declared the bankruptcy of Optimus Asset Management, which had been mired in massive financial fraud leading to losses worth some 560 billion won ($415.8 million) for investors. The Seoul Bankruptcy Court declared the troubled asset manager bankrupt, citing its incapability to make payments due to its “heavy debt.” Optimus filed for bankruptcy with the Seoul court in June. Optimus was found to have raised 1.35 trillion won from more than 3
FSC deputy chairman is S. Korea's wealthiest civil servant
Aug 26, 2022
South Korea’s deputy finance policymaker was identified as the civil servant with the highest-value personal assets in the country, including shares worth some 20 billion won ($15 million) in a family business, a government ethics committee said Friday. Financial Services Commission Vice Chairman Kim So-young’s net assets – including real estate, stocks and savings -- amounted to a total of 29.2 billion won, making him the “richest” civil servant in the Yoon Suk
Tensions rise as Korea waits for verdict on Lone Star dispute
Aug 25, 2022
South Korea is watching closely a verdict set to be delivered by an international dispute settlement body for a decadelong dispute between the government and US private equity firm Lone Star next week. The International Center for Settlement of Investment Disputes’ verdict on Aug. 31 will come almost 10 years after Lone Star filed a suit against the Korean government in November 2012, seeking $4.68 billion in compensation. Lone Star claimed that the financial authorities here botched its
KB launches new premium private banking brand
Aug 25, 2022
South Korea’s KB Financial Group on Thursday launched its new premium private banking and asset management brand to better cater to its wealthy clients. “KB Gold & Wise the First” plans to adopt a “Credit Suisse-like” model in which private bankers and asset managers from KB Kookmin Bank and KB Securities and experts from areas such as investment, tax, real estate and trusts are brought together as a single team for their clients, according to the firm. Clie
Lotte Chemical becomes sole bidder for Iljin Materials
Aug 24, 2022
Lotte Chemical has emerged as the sole bidder in the sale of South Korea’s second-largest copper foil manufacturer Iljin Materials, according to a local report Wednesday. Global private equity fund operators and foreign strategic investors have pulled out during the bidding process due to Iljin Materials’ high prices and rate hikes, leaving Lotte Chemical as the only bidder, the Herald Business said in an exclusive report, citing investment bank sources. Lotte Chemical on Monday c
KRX, Busan to launch professional ping pong team
Aug 23, 2022
The Korea Exchange said Tuesday it signed an agreement with the city on Friday to launch a Busan-based professional table tennis team by next month. The envisioned team will take part in the Korea Table Tennis League in the upcoming regular season, which begins in late January. The KRX, South Korea’s bourse operator, said it will help find new talent, foster professionals and contribute to the local community as it runs the Busan-based team. “We will support outstanding players t
SK Networks invests W4b in metaverse developer Com2Verse
Aug 23, 2022
SK Networks has invested 4 billion won ($3 million) in Com2Verse, a metaverse-specialized subsidiary of South Korean game developer Com2uS, to explore business opportunities in the world of metaverse, officials said Tuesday. The two companies signed a memorandum of understanding to join forces in setting up and strengthening a metaverse ecosystem. The signing ceremony took place in the Com2Verse metaverse platform’s virtual auditorium on the previous day. According to officials, SK Net
Crypto airdrop subject to gift tax, says Korean authorities
Aug 22, 2022
Cryptocurrency airdrop, which refers to a marketing stunt involving sending coins or tokens to wallet addresses, is legally subjected to gift tax, officials said Monday. The Ministry of Economy and Finance’s Tax and Custom’s Office said that crypto issuers delivering coins or tokens to wallets of traders for free is subjected to the nation’s gift tax under the Inheritance Tax and Gift Tax Act. The statement comes amid South Korea’s efforts to set a solid framework for c
MOST POPULAR
01
1 in 3 Koreans live alone, family types becoming diverse
Korea, Japan finance chiefs vow to tame rampant FX market volatility
02
03
K-pop singer lost consciousness after being hit by foul ball, cancels show
K-pop group's manager dismissed for setting up spycam in theater dressing room
04
05
Contentious grain bill put directly to plenary meeting for vote
Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
06
07
Why is Apple Pay struggling to get purchase in Korea?
Yoon's office denies considering liberal figures for key posts
08
09
Trilateral talks acknowledge ‘serious’ slumps of won, yen
[Today’s K-pop] BTS pop-up event to come to Seoul
10
1
2
3
4
5
6
7
8
9
10