Today

Yeouido on guard after COVID-19 case confirmed at Eximbank

IFC Seoul Mall also shuts down for quarantine

Feb 27, 2020

Seoul shares fall, bonds gain over BOK key rate freeze

Central bank’s decision to keep its rate disappoints stock markets that expected for further cut

Feb 27, 2020

Mirae Asset Group donates W2b to support fight against coronavirus

Mirae Asset Financial Group has donated 2 billion won ($1.64 million) to the Hope Bridge Association of the National Disaster Relief to support medical personnel and provide relief goods amid the COVID-19 outbreak. The donation was made to provide items needed for medical and relief aid, such as protective outfits and masks, and daily necessities, especially for people in Daegu and North Gyeongsang Province, the company said. Mirae Asset has been helping its cooperative firms by making paym

Feb 27, 2020

Price gap widens between jeonse, apartment cost

The price gap between the average jeonse -- a real estate term unique to South Korea that refers to property lease -- and average sale price of apartments in Seoul reached a record high in February in seven years, increasing the financial burden on potential home buyers, according to latest data Thursday. Jeonse refers to a two-year leasing system that requires tenants to pay a large deposit instead of monthly rent. The average jeonse price amounted to 55.6 percent of the average apartment

Feb 26, 2020

30-somethings major apartment buyers in Seoul

Property buyers in their 30s were the biggest players in the apartment market in Seoul in the last two months of last year, according to a report Wednesday. Of the entire 10,491 transactions of apartment units registered in January in the city, those aged 30-39 accounted for 30.4 percent, or 3,188 transactions, according to a report released by the Ministry of Land, Infrastructure and Transportation and the Korea Appraisal Board. Since transactions are reported to district offices within 60

Feb 26, 2020

Seoul stocks slip after brief recovery

South Korean stocks headed south Wednesday -- after a brief rally a day earlier -- as the number of confirmed COVID-19 virus cases here reached over 1,000. The local currency also dipped against the US dollar, closing at 1,216.90 won -- down 6.60 won from the previous session’s close. The benchmark Kospi opened sharply lower at 2,064.07 -- sinking 39.54 points, or 1.88 percent, from the previous session. The weak start continued through the day, but rose slightly to close at 2,076.77. It

Feb 26, 2020

Downside pressure on Kospi mounts as epidemic fears escalate

Coronavirus infection peak is yet to come: JP Morgan

Feb 25, 2020

Seoul stocks rebound as investors scoop up undervalued assets

South Korean shares rose more than 1 percent Tuesday as investors went bargain hunting, after COVID-19 fears led to the sharpest fall in 16 months in the previous session. The benchmark Kospi opened slightly low at 2,075.55 -- down 3.49 points, or 0.17 percent, from the previous session. The index fluctuated between losses and gains in the early morning, then moved upward throughout the day to close at 2,103.61. Institutional and individual investors scooped up undervalued shares, with net pu

Feb 25, 2020

Kakao Bank expands partnerships for brokerage services

Kakao Bank, an online-only bank in South Korea, said Tuesday that stock trading services of brokerage firm NH Investment & Securities are now available on its mobile application. Since users’ personal data is already registered on the online bank’s mobile platform, Kakao Bank users can open a securities account on the mobile banking platform more easily than with other services via stock traders’ home trading systems or brick-and-mortar branches, according the banking f

Feb 24, 2020

Hit by COVID-19 fears, Seoul stocks plunge

Gold prices soar for sixth consecutive session as investors eye low-risk assets

Feb 23, 2020

Shinhan Bank closes branch on confirmed COVID-19 case

Shinhan Bank said Sunday that it is temporarily shutting down its branch at the Seongnam Industrial Complex Financial Center, Gyeonggi Province, after one of its employees tested positive for COVID-19. The confirmed patient had visited a hospital funeral center in the southern city of Daegu, where the epidemic has been spreading at a fast pace over the past week, officials said. After experiencing fever and other symptoms, the patient visited a designated inspection station in the vicinity.

Feb 23, 2020

[Herald Interview] Booming business at fabric maker amid soaring demand for masks

Local fabric maker E&H in full swing amid rising COVID 19 cases, seeks Kosdaq debut in H2

Feb 23, 2020

Coronavirus outbreak shakes up retail, realty markets in Korea

The COVID-19 outbreak is likely to deliver a severe blow to the South Korean economy, especially in the retail sector and real estate investments, according to global real estate service provider Cushman & Wakefield. Asia’s fourth-largest economy’s growth prospects in the near term will be affected as the fast-spreading coronavirus disrupts supply chains, reduces exports and weakens consumer sentiment, the company said in its recent report on the Asia-Pacific region. “

Feb 23, 2020

Seoul stocks shed over W12tr on coronavirus woes

Kospi’s ranking among G-20 dips to 13th from 6th