President blasts parties’ pension agreement

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Household loan growth hits 9-year high

The nation’s households have rapidly increased their borrowing from commercial banks amid the record-low interest rates and brisk property transactions, data showed Monday.The Financial Supervisory S...

Updated : 2015.05.04 19:38

Controversy flares over ex-KEB chief’s new role with Lone Star’s law firm

A former top financial official who advocated for Korea Exchange Bank’s breakaway from Lone Star has taken up a position in a law firm that represents the U.S. buyout firm.His move comes at a time wh...

Updated : 2015.05.04 19:19

IPOs regain popularity as bourses grow bullish

More companies are seeking to go public on the first-tier Korea Exchange and the secondary KOSDAQ market amid the growing bullish sentiment.According to the Korea Exchange, about 60 to 70 companies, m...

Updated : 2015.05.03 20:09

[Photo News] Heading South

Updated : 2015.05.03 19:52

Builders face grim outlook

Samsung Engineering and SK E&C have seen their financial soundness deteriorate in recent years due to their lackluster business performance in the overseas market, according to reports from the stock ...

Updated : 2015.04.30 19:24

Imperial named No. 1 in customer satisfaction

Pernod Ricard Korea, the local branch of the world’s second-largest distiller, said that its flagship Korean brand Imperial Whiskey had won the top prize in a leading customer satisfaction index here...

Updated : 2015.04.30 19:19

[Herald Interview] Finance clearing institute seeks to reform corporate payment system

In such a conglomerate-dominated Korean economy, small and medium-sized subcontractors and ventures cannot thrive without a healthy business-to-business payment system. Without one, the Asian financia...

Updated : 2015.04.30 19:18

[Newsmaker] New NH chief takes office amid doubts

NH Financial Group welcomed Kim Yong-hwan as the new chairman on Wednesday, but it appeared to have done so with a rather heavy heart.The new chief not only has to prove himself a capable successor to...

Updated : 2015.04.29 19:21

KB Kookmin Card rolls out Ollim series

KB Kookmin Card’s most recent Ollim card series is attracting customers with its abundant services and benefits.The KB Kookmin Good Day Ollim Card provides discounts on everyday items such as gas, te...

Updated : 2015.04.29 19:09

KOTRA to open food expo next month

Korea will kick off Seoul Food 2015, Asia’s third-largest food industry exhibition, next month at KINTEX, in Ilsan, northwest of Seoul, trade promotion officials said Wednesday. The Korea Trade-Inves...

Updated : 2015.04.29 19:06

S. Korean banks to test bio authentication in second half

South Korean lenders plan to test bio authentication technology for banking services as early as the second half of this year, a central bank official said Wednesday, reflecting a growing demand for tougher security measures following a series of data leaks and phishing cases in the local ...

Updated : 2015.04.29 12:04

Malaysia to expand palm oil exports to Korea

A top Malaysian official expressed hope that South Korea would import more palm oil products from the Southeast Asian country.“Korea is a very strategic trade partner and an important market for Mala...

Updated : 2015.04.28 19:28

Won hits 7-year high against yen

The South Korean won touched a new seven-year high against the Japanese yen Tuesday, prompting local currency authorities to vow to take appropriate measures if needed.The won-yen arbitrated exchange ...

Updated : 2015.04.28 19:27

KB Financial‘s net rises by 68.4% in Q1

KB Financial Group, the nation’s second-largest banking group in terms of assets, said its first quarter net profit increased 68.4 percent on-year, reflecting improved commissions. KB Financial chair...

Updated : 2015.04.28 17:59

Shinhan's creative financial plaza

Shinhan's creative financial plaza  Han Dong-woo (fourth from left), chairman of Shinhan Financial Group, cuts the tape at the opening ceremony of Shinhan Creative Finance Plaza on Tuesday. The nati...

Updated : 2015.04.28 14:30