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The Korea Herald

Markets

May 26, 2024
Banks to resume compensation talks for ELS losses

Major local banks are expediting compensation procedures for losses tied to Hong Kong-linked derivative products, with some poised to distribute payments this week. KB Kookmin Bank, the largest seller of equity-linked securities tracking the troubled Hang Seng China Enterprises Index, will officia...
May 23, 2024
BOK holds rate at 3.5%, ups growth outlook

The Bank of Korea held the base policy rate at 3.5 percent for the 11th consecutive time Thursday, while raising the country’s economic growth rate estimate from the previous 2.1 percent to 2.5 percent. The central bank’s monetary policy board unanimously agreed to keep the key rate at the curre...
May 23, 2024
South Korea unveils W26tr support program for chip industry

South Korean President Yoon Suk Yeol on Thursday unveiled a national support program worth 26 trillion won ($19 billion) to boost the country's semiconductor industry, in a move to up its game amid the global competition. The comprehensive chip support package includes financial programs, research...
May 22, 2024
Digital Marketing Summit 2024 explores marketing roles in heightened AI era

However, there are also several aspects that marketers should be concerned about when using AI as their tool for marketing. During the AI transformation, the role of marketers will be significantly changed, and they will have to be adequately adjusted to changes, experts noted. Kumar said that mar...
May 21, 2024
[Herald Interview] Korea inspires other donors for development funding: World Bank vice president

Akihiro Nishio, the World Bank’s vice president for development finance, said Korea becoming the host country for the International Development Association's 21st replenishment cycle could uplift the spirit of contribution for the global solidarity fund. The IDA21 replenishment final meeting, arr...
May 20, 2024
K-water CEO shares tech knowhow at UN meeting

Korea Water Resources Corp. or K-water, CEO Yun Seog-dae recently attended a UN meeting to share the state-run agency’s technological know-how to tackle the water crisis. According to the agency on Monday, Yun delivered a keynote speech at the UN’s High-level Experts and Leaders Panel on Water a...
May 20, 2024
Chinese e-commerce sales slow in April amid safety concerns

Chinese e-commerce platforms, including the big three AliExpress, Temu and Shein, suffered a more than 40 percent fall in sales in April, possibly hit hard by consumer concerns over product safety. According to a Monday report by BC Card, the nation’s largest payment processing company, payments ...
May 19, 2024
[KH Explains] Why Korea's so tough on short selling

Since November, South Korea has intensified its crackdown on illegal short selling by institutional investors, uncovering widespread practices among global banks. In an interim results announcement earlier this month, the Financial Supervisory Service revealed that all nine banks investigated had ...
May 19, 2024
Jeonbuk Bank to develop cross-border credit rating system with Cambodia

Jeonbuk Bank signed a memorandum of understanding with Credit Bureau Cambodia and Korea Credit Bureau, the leading credit rating agencies in Cambodia and Korea respectively, to provide credit information services for Cambodian customers. The signing ceremony, held during the Cambodia-Korea Busines...
May 19, 2024
Woori, KB ink QR code payment partnership with Cambodia

Meanwhile, KB Kookmin Bank, another major lender here, also plans to work with Cambodia to develop the cross-border QR payment system. On Friday, KB Bank said its Cambodian subsidiary KB Prasac Bank will be leading the development and operation of the QR code-based payment system. By Im Eun-byel (...
May 19, 2024
SC Bank Korea offers special interest rate for new members

Standard Chartered Bank Korea said Friday it will offer a special promotion for new customers who open a money market deposit account with a deposit of 30 million won ($22,125) or more, up to an individual limit of 2 billion won. Running until May 30, the promotion provides a special interest rate...
May 19, 2024
Korea Eximbank extends $120m to Cambodia for road development

The state-run Export-Import Bank of Korea said Friday it has signed an agreement to provide a $120 million loan to Cambodia to support the enhancement of the Southeast Asian country's provincial road infrastructure. Korea Eximbank President Yoon Hee-sung and ROS Seilava, secretary of state at Camb...
May 17, 2024
Seoul sees further jump in cost of dining out

The price of five out of eight major dishes at local eateries in Seoul increased again in April, as the cost of eating out continues to rise in the nation's capital. The Korea Consumer Agency, an affiliate of the Korea Fair Trade Commission, compiles the monthly average prices for eight major dini...
May 17, 2024
Woori partners with India’s Tata Motors in auto finance push

Woori Financial Group on Thursday announced a new partnership with Indian auto giant Tata Motors as part of its strategy to expand its presence in the global auto finance market. Woori Financial Group Chairman Yim Jong-yong and Tata Motors Executive Director Girish Wagh held an agreement signing c...
May 16, 2024
[Herald Interview] For US overnight stockbroker Blue Ocean, golden hour falls on Sunday 8 p.m.

For Blue Ocean ATS, a broker platform that facilitates overnight trading for the US stock market, Sunday night is the peak trading hour as South Korean investors flock to execute orders before the US day trading begins. “Sunday night is our biggest night when it is Monday morning for the Asian in...

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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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