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The Korea Herald

Finance

July 25, 2024
Korea unveils tax reform bill to spur economy

South Korea unveiled its tax code revision bill Thursday, featuring a major overhaul of the outdated inheritance tax system and new measures to boost investment and encourage marriage. Featuring tax cuts and incentives, the plan is expected to reduce tax revenue by approximately 4.4 trillion won (...
July 24, 2024
Shareholder activism in Korea ‘partial success’: SquareWell

While shareholder activism is yet to take hold in South Korea with only a handful of initiatives making it past the vote, activist investors are gaining traction, according to London-based shareholder advisory firm SquareWell Partners. According to the firm's recent report, Korean firms are increa...
July 23, 2024
Hanwha Asset Management unveils new ETF brand Plus

Hanwha Asset Management, the sixth largest player in terms of net assets in the local exchange-traded fund market, introduced its new ETF lineup brand Plus, on Tuesday. The asset manager has changed its ETF brand name from Arirang to Plus. It was the first time for the asset manager to change its ...
July 19, 2024
Crypto investor protection law takes effect in Korea

South Korea’s first law specifically designed to protect cryptocurrency investors took effect on Friday, bringing the virtual asset industry within legal boundaries. The Virtual Asset User Protection Act aims to prevent unfair trading practices in the volatile crypto market, in response to how it...
July 18, 2024
Asset managers rush to rebrand ETF products to spur growth

Buoyed by the sharp growth of the local exchange-traded fund market, South Korean asset managers are rushing to rebrand their product lineups, trying to target investors with a fresh edge. According to data provided by Korea Exchange, the country's sole bourse operator, the net asset of the local ...
July 16, 2024
Crypto exchanges step up compliance as investor protection law takes effect

Local cryptocurrency exchange operators are ramping up their regulatory measures as the introduction of the virtual asset user protection law nears in South Korea. On Tuesday, the Digital Asset Exchange Alliance, a body of five top local crypto exchange operators, introduced a guideline that advis...
July 16, 2024
Shinhan Bank CEO stresses tighter internal control for global expansion

Shinhan Bank CEO Jung Sang-hyuk called on the international subsidiaries to enhance customer trust and strengthen internal controls to boost global expansion, the bank announced Tuesday. "For Shinhan Bank to maintain steady growth and achieve lasting global recognition, we must earn unwavering tru...
July 12, 2024
Kakao Bank donates W1b to tackle global climate crisis

Kakao Bank announced Friday that it is donating 1 billion won ($726,000) to the United Nations International Children's Emergency Fund to aid in tackling the global climate crisis and supporting future generations. The internet-only bank and the Korean Committee for UNICEF conducted a ceremony Thu...
July 11, 2024
BOK maintains key rate at 3.5% but hints at cut

The Bank of Korea kept its benchmark interest rate unchanged at 3.5 percent for the 12th consecutive time Thursday, while implicating a rate cut if the current path of disinflation continues. The central bank has maintained the rate at 3.5 percent for over one and half years, since Jan. 13, 2023. ...
July 10, 2024
[Herald Interview] TIAA-owned asset manager eyes Korean investors’ appetite for alternative assets

Nuveen, the investment manager of the US Teachers Insurance Annuity Association with $1.2 trillion in assets under management, is seeking to broaden its investor base in the Korean market from big institutions to retail investors by launching funds to invest in unlisted medium-sized companies. Ret...
July 09, 2024
Trump's return would fuel volatility for Korea

South Korea’s financial market would likely face higher volatility if former US President Donald Trump were to return to the White House, as he would trigger another push for deglobalization, local brokerage house KB Securities’ research chief said Tuesday. “If Trump wins the upcoming president...
July 08, 2024
Hana Financial to nurture fintech talents for digital innovation

Hana Financial Group kicked off its financial technology talent nurturing program, “Hana Digital Power On,” Monday, aiming to strengthen digital innovation in the finance sector. Marking its third year, the program seeks to train young talents to develop tech solutions for the financial industry...
July 07, 2024
Trusts of wills: Banks vie for W100tr inheritance market

100-trillion-won market As Korea faces significant population aging, the market for will-substitute trusts, among various wealth management services, is rapidly expanding. By next year, the nation is expected to become a superaged society, with those aged 65 or older comprising 20 percent of the ...
July 05, 2024
FSC chief nominee vows to keep tight rein on household debts

First Vice Finance Minister Kim Byoung-hwan, the nominee to head the Financial Services Commission, said he must put in all efforts to bring down the fast growth of household debts on Friday. Kim, a 53-year-old macroeconomics expert, was tapped to the post to lead the country's top financial polic...
July 05, 2024
Value-up Program optimism brings Kospi to two-year high

South Korean shares hit the highest level in nearly two and half years on Thursday, with much-awaited tax incentive plans for the Korean government’s program to boost the stock market taking shape. The benchmark Kospi rose 1.11 percent to close at 2,824.94, reaching the highest since January in 2...

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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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