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The Korea Herald

Markets

April 08, 2024
[Hello India] 'The Indian elephant has begun its stampede': Balancehero CEO

The next phase for True Balance may involve micro-insurance, reflecting user demand from True Balance users. Looking ahead, Lee envisions entering the deposit business, leveraging credit data from its ACS system. "Right now, with our monthly new loans reaching 50 billion won, we have borrowed 340 ...
April 08, 2024
Shinhan joins race for Korea’s 4th internet-only bank

Shinhan Bank, one of the country's top commercial lenders, has thrown its hat in the ring for a license that would make it the country's fourth internet-only bank, competing in the digital space with K bank, Kakao Bank and Toss Bank. Shinhan has joined a consortium launched by Douzone Bizon, an en...
April 04, 2024
Koglo.com CEO talks on entrepreneurship in uncertain times

Meanwhile, New Zealand's Ambassador to Korea Dawn Bennet also joined Wednesday's forum and shared her vision for the two countries’ future business cooperation and new opportunities for innovation. “We concluded the Korea-New Zealand free trade agreement in 2015, and since then, our relationship...
April 04, 2024
IBK Venture Investment to inject W500b into startups

IBK Venture Investment, an investment arm of the state-owned Industrial Bank of Korea, pledged to inject 500 billion won ($370 million) into local startups over the next three years at an event in Seoul on Thursday. The investment unit, the ninth subsidiary under the IBK Financial Group, was found...
April 04, 2024
Shinhan Bank secures 10% stake in India’s Credila

Shinhan Bank, a major commercial lender in South Korea, is bolstering its footprint in India through a strategic share acquisition of the local student loan provider, Credila. The bank announced Thursday that it successfully secured an equity investment agreement with Mumbai-based HDFC Credila Fin...
April 04, 2024
S. Korea, World Bank vow stronger cooperation on digital ID systems for developing nations

South Korea and the World Bank have agreed to enhance partnership on digital identification initiatives to share expertise and technologies related to South Korea's advanced digital ID system with developing nations, the state-run minting agency said Thursday. During a meeting held in Seoul last w...
April 03, 2024
S. Korea's beauty exports hit all-time high of $2.3b in Q1

South Korea’s exports of cosmetics jumped around 22 percent on-year to hit an all-time high in the first quarter of this year, amid the growing international popularity of Korean culture, government data showed Tuesday. According to the Korea Customs Service, the country’s exports of cosmetic pr...
April 03, 2024
Hana Bank opens nation’s largest forex dealing room

Hana Bank, South Korea's major commercial bank, opened a new dealing room -- the latest of its kind here -- in Seoul on Wednesday. Named "Hana Infinity Seoul" to signify the bank's ambition to expand its global reach, the new dealing room occupies the fourth and fifth floors of the lender's headqu...
April 03, 2024
Foreign reserves rebound, riding out strong US dollar

South Korea's foreign exchange reserves rebounded in March after a two-month decline, backed by deposits and investment gains offsetting the strong US dollar, the central bank said Wednesday. The country's foreign reserves had come to $419.25 billion as of late March, up $3.51 billion from the pre...
April 03, 2024
Kakao Bank CEO joins Grab's board

Yun Ho-young, CEO of Kakao Bank, has been appointed as a new board member for Grab, the largest super-app operator in Southeast Asia, the Internet-only lender confirmed Wednesday. Yun was officially appointed as an outside director of Grab's board on Monday and will serve as a member of the board'...
April 03, 2024
HMM inks deal with Shanghai-based port operator on clean fuel supply

South Korea's top container shipper HMM said Wednesday it has signed a deal with global terminal operator Shanghai International Port Group (SIPG) on cooperation in the supply of eco-friendly fuel for the Chinese port. The memorandum of understanding calls for HMM to cooperate with SIPG in providi...
April 02, 2024
FSC ramps up benefits to bolster corporate value-up drive

Financial regulators are ramping up efforts to encourage local companies to participate in the government's initiative to bolster South Korea's market valuation. The Financial Services Commission announced a series of new incentives on Tuesday for companies improving their governance structures, i...
April 01, 2024
More women break glass ceiling on financial group boards

South Korean financial groups have undergone a transition in their board composition, indicating governance changes centering on gender diversity and internal control. Given that a financial holding company’s board is the ultimate decision-making body engaging in establishing management strategie...
April 01, 2024
JB Financial inks partnership with Vietnam’s OKXE

South Korea's JB Financial Group said Monday it has signed a partnership with OKXE, a Vietnam-based platform for used motorcycles, eyeing the expansion of its brokerage business in the country. At a signing ceremony held in Seoul on Friday, JB Financial Group and its affiliate JB Investment agreed...
April 01, 2024
Internet-only banks soar past W100tr in assets

Last year witnessed remarkable growth for South Korea's three internet-only banks, as their combined value surged past the milestone 100 trillion won ($74 billion). The aggregate assets of Kakao Bank, K bank and Toss Bank reached approximately 101.61 trillion won by the end of last year, marking a...

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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
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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