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Hanjin Logistics Corporation said Friday it has signed a strategic partnership agreement with DHL Supply Chain Korea, to strengthen collaboration in logistics operations and expand its network in South Korea. The agreement will focus on key industries, including pharmaceutical, semiconductor, cons...
The main opposition Democratic Party of Korea is planning to pass a bill that raises the threshold for a planned tax on virtual asset-related gains, up to 50 million won ($35,800) from the previously planned 2.5 million won, sources said Thursday. The original scheme for crypto tax gains would hav...
South Koreans' investments in foreign assets have reached a record high, while foreign investors continue to pull out of the local market, pushing the gap to an all-time high. According to Bank of Korea's International Investment Position report for the third quarter, the nation's net foreign fina...
One of the more exciting developments for Ham was introducing KEC’s advanced intelligent transportation systems technology to officials in the United States earlier this year. “The reception was great. Developed countries are looking for smarter ways to manage traffic and maintain infrastructure,...
By Moon Joon-hyun ( mjh@heraldcorp.com )
The International Monetary Fund on Wednesday lowered its economic growth forecast for South Korea to 2 percent next year, down from 2.2 percent projected earlier in October, citing high uncertainties and weak domestic demand. The announcement came after a team of IMF officials led by Korea mission...
Hanwha Life, a leading Korean insurance company, said Wednesday it has signed a stock purchase agreement to acquire a 75 percent stake in US securities firm Velocity Clearing. Established in 2003, New York-based Velocity Clearing is an IT-based securities firm primarily serving institutional inves...
Shares of Samsung Electronics continued to rebound Monday, recovering from the steep decline in the previous week, following the company’s announcement of a share buyback plan worth 10 trillion won ($7.17 billion) from Friday. As of 2 p.m. Monday, Samsung Electronics shares were trading at 56,200...
Shares of local banks are putting up a fight in the bearish Korean stock market, as investors are pricing in expectations that the lenders could excel in the second Donald Trump administration, under softened regulation and higher interest rates. The KRX Banks index, representing shares of top fin...
Viva Republica, the operator of mobile financial service Toss, posted record-high revenue in the July-September period, gaining traction for a potential US listing. According to the company on Thursday, its third-quarter revenue soared 47.5 percent to 502.1 billion won ($356 million) from a year a...
South Korea’s finance minister warned against excessively volatile currency moves on Thursday, vowing to take swift action if needed amid the rapid depreciation of the Korean currency against the US dollar. Financial authorities will bolster efforts to stabilize the financial and foreign exchange...
By Steve Brice My youngest son is starting out on his investment journey. As background, he has been gifted some money, which he wants to invest for at least 7-10 years. He is not interested in finance, although he is interested in making money. He is about to go to university in February and expe...
Shares of South Korean tech behemoth Samsung Electronics sank to an over four-year low of under 51,000 won ($36.24) Wednesday, reflecting the clouds cast over the company's chip leadership in the AI era. Samsung Electronics shares on the Kospi closed trading at 50,600 won on Wednesday, dropping by...
The Korean won and the local bourse dipped to their weakest levels in months, as Donald Trump’s victory in the US presidential election fueled concerns on the outlook of the export-reliant South Korean economy. The Korean won closed its daytime trading against the US dollar at 1,403.5 won, markin...
The price of the world’s biggest cryptocurrency bitcoin has surpassed 120 million won ($85,500) at local exchanges for the first time, on the back of a recent rally sparked by Donald Trump’s return to the White House. On Tuesday, bitcoin traded at 124 million won on Upbit, the nation’s largest ...
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Hanjin inks partnership with DHL to boost logistics competitiveness