Korea to pick 4th telecom carrier

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[Graphic News] Childbirths in Korea increase to 2-year high

The number of childbirths in South Korea increased to the its highest level in two years, according to a government report released Wednesday.Statistics Korea said about 40,400 babies were born in Mar...

Updated : 2015.05.28 20:05

Financial fraud prevention requires all-out efforts

This is the second in a monthly series contributed by executive members of the Financial Supervisory Service to address key ongoing financial issues. ― Ed.Today almost everyone lives a financial life...

Updated : 2015.05.28 19:52

Shinhan Future’s Lab to promote local financial tech champions

Shinhan Financial Group, the nation’s No. 1 banking group by assets and profits, has announced a comprehensive financial tech start-up support program aimed at nurturing potential fintech champions i...

Updated : 2015.05.28 19:51

Mirae Asset sees stable gains in Global Discovery Fund

Mirae Asset’s Global Discovery Fund has seen inflows of more than $800 million since the beginning of the year, the Korean asset management firm said Thursday. As of May 26, Mirae Asset Global Investments achieved a stable gains rate in Mirae Asset Global Discovery Fund, one of its Societ...

Updated : 2015.05.28 19:50

Household loans surge to 9-year high

Household loans by commercial banks have risen to the highest level in nine years, driven by record low interest rates and an upbeat property market, data from the financial regulator showed Wednesday...

Updated : 2015.05.27 21:18

Fake herb scandal hits liquor industry

The “fake herb” scandal triggered by products sold by health food manufacturer Naturalendo Tech has hit the KOSDAQ bourse and the television home shopping industry. Now it is the liquor business tha...

Updated : 2015.05.27 21:02

Kumho Asiana Group to buy back bus operator for W415 bln

Kumho Asiana Group, the parent company of South Korea's No. 2 air carrier, said Tuesday it will buy Kumho Buslines Co., its former intercity bus transportation arm, for 415 billion won (US$375.1 million), as it takes a step closer to restoring itself to the conglomerate it was before its l...

Updated : 2015.05.26 21:34

Yuanta Securities promotes offshore renminbi fund in Shenzhen

Yuanta Securities, the only China-based stock company in Korea, is gearing up for the upcoming two-way stock trading scheme between Hong Kong and Shenzhen exchanges.Its key strategic product is an off...

Updated : 2015.05.26 20:42

Risk fears raised as individuals borrow to fund stock buys

Brokerage firms’ collective loans to investors, which are stock investment-oriented credit, reached the highest level this month on the KOSDAQ market amid the bullish secondary bourse and record-low bank interest rates.In a report released by Korea Financial Investment Association on Tues...

Updated : 2015.05.26 20:41

BAT rolls out renewed Dunhill Fine Cut

British American Tobacco Korea on Tuesday launched the renewed version of “Dunhill Fine Cut,” the latest of Dunhill’s superslim series, in the domestic market.The renewed lineup comes in five varie...

Updated : 2015.05.26 20:39

Pantech on verge of bankruptcy

Failing to find viable buyers, the debt-ridden South Korean smartphone-maker Pantech has decided to end court receivership. The local smartphone-maker, which once ranked third in the market by sales, came under court protection in August last year and has tried to find legitimate buyers si...

Updated : 2015.05.26 20:39

CJ O Shopping expands into Mexico

CJ O Shopping, the TV home shopping unit of CJ Group, announced Tuesday it has joined hands with a Mexican multimedia company to launch a new home shopping channel in the Central American country.The home shopping firm and Mexico-based Televisa will together invest a total of $23 million t...

Updated : 2015.05.26 20:39

[Herald Interview] Agricultural exports need stronger R&D, coherent hansik branding: aT chief

The Korea-China free trade agreement to be formally signed later this year, provides an opportunity for Korean food products to expand into the world’s second largest economy, said the head of the st...

Updated : 2015.05.25 19:40

Government criticized for lack of transparency on ISDS suit

While the South Korean government is facing its second international arbitration under the investor-state dispute settlement system, civic groups are demanding that the details should be made public as they could cost several billion dollars of taxpayers’ money.The groups claimed that the...

Updated : 2015.05.25 19:37

Seoul to make cross-border money transfers easier

South Korea plans to push for financial deregulation to make it easier for people to transfer money across borders without going through banks, the government said Sunday.The move aims to allow securities firms, insurers and most importantly FinTech companies to handle transfers that can h...

Updated : 2015.05.24 14:54