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The Korea Herald

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TCK wins WealthBriefingAsia award for third straight year

TCK Investments said Monday it had won a WealthBriefingAsia Award for the third consecutive year, earning recognition for its wealth management services for high-net-worth individuals in South Korea. The award, presented by UK-based company ClearView Financial Media, recognizes excellence and innovation in private banking, family office and wealth management services across Asia. TCK was named the winner in the Multi-Family Office, Private Bank or External Asset Manager (South Korea) category. T

The Korea Herald

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SK hynix workers to seek Samsung-level housing loans

SK hynix is expected to open its 2026 wage negotiations this month with employees pressing the company to match the housing loans that rival Samsung Electronics granted its own staff last month, worth up to 500 million won ($330,000) per worker. Samsung's home loan, which its union ratified last Wednesday after a five-month standoff, set a new benchmark for the chip industry. The company will lend nonhomeowner employees up to 500 million won to buy a home at a fixed interest rate of 1.5 percent,

The Korea Herald

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Hanmi inks $1.26b licensing deal with Eli Lilly

Hanmi Pharmaceutical said Monday it has clinched an outlicensing contract with Eli Lilly for sonefpeglutide, its long-acting glucagon-like peptide 2, or GLP-2, drug candidate, in a deal potentially worth up to $1.26 billion. According to the Korean drugmaker, it will receive an upfront payment of $75 million and could earn up to $1.19 billion in additional milestone payments depending on clinical development, regulatory approvals and commercialization. Hanmi Pharmaceutical will also be eligible

The Korea Herald

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Foreign investors unload record $30b from Kospi in May

Foreign investors offloaded a record 45 trillion won ($30 billion) worth of Kospi shares in May, marking the largest monthly sell-off on record, as they locked in gains from a sharp rally in the country's top chipmakers, Samsung Electronics and SK hynix. Overseas investors net sold stocks amounting to 44.71 trillion won on the benchmark Kospi in May, according to data from the Korea Exchange. The figure marks the largest monthly sell-off, surpassing the previous record of 35.75 trillion won set

The Korea Herald

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Foreign net selling of Kospi stocks hit record high in May

Foreign selling of South Korean stocks listed on the benchmark Korea Composite Stock Price Index reached a record high in May, while foreign investors poured a record amount into the tech-heavy Kosdaq market, data showed Sunday. Offshore investors sold a net 44.71 trillion won ($29.66 billion) worth of local stocks in May, surpassing the previous record of 35.74 trillion won in net selling set in March, according to data from the Korea Exchange. Foreign investors remained net sellers for 16 cons

The Korea Herald

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Seoul shares close at new high on tech rally, Mideast optimism

South Korean stocks rebounded to a fresh all-time high Friday, driven by strong gains in stocks related to artificial intelligence and renewed optimism about a potential ceasefire in the Middle East. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index added 290.86 points, or 3.55 percent, to close at 8,476.15, after hitting a new intraday high of 8,615.09. Trade volume was heavy at 701.5 million shares worth 73.7 trillion won ($48.9 billion), with loser

The Korea Herald

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Samsung units acquire 4% stake in Dunamu

Samsung Securities, Samsung SDS and Samsung Card said Thursday they will jointly acquire a 4 percent stake in Dunamu, operator of South Korea’s largest cryptocurrency exchange, to expand their digital asset businesses. The three Samsung affiliates will acquire 1.39 million shares from Kakao affiliates in an all-cash deal worth 612.8 billion won ($446 million). Samsung Securities will take a 2 percent stake, while Samsung SDS and Samsung Card will each acquire 1 percent. The transaction is schedu

The Korea Herald

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Are foreigners really ditching Kospi — or doubling down?

Foreign investors may be selling South Korea hard, but they are sitting on a bigger slice of the market than before. While the benchmark Kospi has been on a dizzying rally in recent sessions, hitting a fresh intraday high of 8,457.09 Wednesday as of press time, overseas investors appear to be pulling back from local equities. Offshore investors have dumped shares worth more than 96 trillion won ($63.8 billion) on the Kospi this year, sparking concerns over a sustained foreign exodus from Korean

The Korea Herald

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GC Biopharma sells US vaccine unit to Eli Lilly in $1.5b deal

GC Biopharma said Wednesday that it would transfer its US affiliate Curevo Vaccine to Eli Lilly and Company in a deal worth up to $1.5 billion. Under the agreement, Lilly will acquire all shares of Curevo and secure rights to amezosvatein, the affiliate’s herpes zoster vaccine candidate currently under development. The deal includes an upfront payment upon closing as well as milestone payments tied to future development and commercialization achievements, GC Biopharma said. The company said the

The Korea Herald

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Louvre jewelry heist to be turned into film

PARIS, France (AFP) -- Last year's brazen robbery of the Louvre -- when thieves made off with jewelry worth some $100 million -- is set to become a movie and a documentary series, a publisher said on Tuesday. French director Romain Gavras -- whose work includes 2025 Hollywood film "Sacrifice" starring Anya Taylor-Joy and music videos including most recently a hypnotic schoolboy choreography for GENER8ION -- will draw inspiration from the investigative book "Main basse sur le Louvre" (literally "

The Korea Herald

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Messi joins ranks of billionaires

Argentine media outlet Ambito reported that Lionel Messi's net worth is estimated to have exceeded $1 billion, moving beyond salary and advertising income into investments and equity participation, and joining the ranks of global "billionaire athletes." Since 2007, Messi has earned more than $700 million from salary and bonuses alone and has built his wealth through endorsement deals, investment income and business equity stakes. Born in Rosario, Argentina, Messi is famously known for signing hi

The Korea Herald

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Lee vows to build gov't that 'saves people's lives' on Buddha's Birthday

President Lee Jae Myung vowed Sunday to build a government that "saves people's lives" and to uphold the teaching that all people are equally worthy, as he attended a ceremony marking Buddha's Birthday. Lee made the remarks during a ceremony hosted by the Jogye Order of Korean Buddhism, as he has increasingly prioritized policies aimed at protecting public safety and addressing issues that directly affect people's daily lives, such as stalking crimes and other safety-related incidents. "We will

The Korea Herald

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Mongolian man gets suspended sentence for trying to exchange fake yen found at waste site

The Seoul Central District Court sentenced a Mongolian man to six months in prison, suspended for one year, for attempting to exchange 9.4 million won ($6,200) worth of counterfeit Japanese yen he found at his workplace, local media reported Saturday. The man found 100 fake 10,000 yen bills in November 2025 at a waste disposal company in Namyangju, Gyeonggi Province, where he worked, according to reports. He later attempted to exchange the bills at a currency exchange shop in Jung-gu, central Se

The Korea Herald

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S. Korea, China's Jiangsu discuss ways to expand trade, industrial ties

South Korea's trade ministry and the government of China's Jiangsu Province on Wednesday held a joint forum aimed at promoting economic and trade cooperation between the two sides. The event also helped Korean companies ink $2.3 million worth of export deals with Chinese buyers, officials said. The seventh Korea-Jiangsu business and trade exchange forum was held at Yancheng city in the eastern Chinese province and attended by some 400 government officials and business leaders from the two sides,

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타임라인 키워드

TCK wins WealthBriefingAsia award for third straight year

SK hynix workers to seek Samsung-level housing loans

Hanmi inks $1.26b licensing deal with Eli Lilly

Foreign investors unload record $30b from Kospi in May

Foreign net selling of Kospi stocks hit record high in May

Seoul shares close at new high on tech rally, Mideast optimism

Samsung units acquire 4% stake in Dunamu

Are foreigners really ditching Kospi — or doubling down?

GC Biopharma sells US vaccine unit to Eli Lilly in $1.5b deal

Louvre jewelry heist to be turned into film

Messi joins ranks of billionaires

Lee vows to build gov't that 'saves people's lives' on Buddha's Birthday

Mongolian man gets suspended sentence for trying to exchange fake yen found at waste site

S. Korea, China's Jiangsu discuss ways to expand trade, industrial ties