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The Korea Herald

Markets

October 10, 2023
Prices for dining out soar beyond inflation

Price increase rates of about 80 percent of restaurant menus exceeded the price increase rate of a market basket of consumer goods in September, according to data on Monday. According to Statistics Korea, the consumer price index, which functions as an economic metric for the price of a weighted a...
October 08, 2023
Posco on brink of strike for first time

Posco is facing a possible labor strike for the first time in its 55-year history as it failed to bargain with its labor union for the second time since wage negotiations began in August. Wage talks between Posco's management and the union fell through late Thursday afternoon as the two sides fail...
October 08, 2023
Korean telecom regulator considers W68b in fines on Google, Apple for violating in-app payment laws

South Korea's telecommunications watchdog said on Friday it seeks to slap up to 68 billion won ($50.4 million) in combined fines on US tech giants Google and Apple for violating the country's in-app payment laws. The move came after the Korea Communications Commission launched a probe into Google ...
October 08, 2023
Hyundai, Kia to transition to Tesla charging system in North America

South Korean automakers Hyundai Motor and Kia on Thursday announced a shift to Tesla's charging system for their electric vehicles sold in North America, joining other automakers such as General Motors, Ford and Mercedes-Benz. The change will take effect in the US by the end of next year and extend...
October 08, 2023
[KH Explains] Foreigner-friendly ID verification service to make mobile banking easier

Sara Rousalova, a Czech citizen who has been living in Korea for about six years, tried to open an online bank account three years ago. “But it didn’t work as it wasn’t open to foreigners. I had a lot of trouble with verifying my identity for various services online,” she said. The difficulty...
October 08, 2023
Samsung unveils next-gen Exynos 2400 mobile processor

Samsung Electronics unveiled its next-generation flagship mobile processor, the Exynos 2400, equipped with the latest graphics and generative artificial intelligence technology during its inaugural Samsung System LSI Tech Day 2023 event at its Device Solutions America office in San Jose, California...
October 06, 2023
Doosan Robotics shares debut at double IPO price

Shares of Doosan Robotics, South Korea’s largest collaborative robot producer under the conglomerate Doosan Group, nearly doubled on Thursday, as the company made its stock market debut. Doosan Robotics closed at 51,400 won ($38.03) per share on Korea's main bourse Kospi, up 97.69 percent from it...
October 06, 2023
BMW to double No. of EV chargers in Korea next year

BMW Korea said Thursday it will install 1,000 new chargers for electric vehicles in South Korea next year, almost doubling the number of its EV chargers in the country. Under its “Charging Next” project, BMW Korea plans to make the new chargers compatible with all EVs, not just BMW EVs. The Germ...
October 06, 2023
SK invests in US data specialist Glassdome

SK C&C, the IT solutions unit of SK Group, announced Thursday it has newly invested in San Francisco-based industrial software startup Glassdome, as part of its efforts to expand its net-zero business and bolster ties with related tech firms. The number of shares it acquired was not disclosed due ...
October 06, 2023
Hyundai Glovis to go net-zero by 2045

Hyundai Glovis, a logistics affiliate under Hyundai Motor Group, unveiled Thursday its “Net Zero Special Report,” a road map aimed at achieving carbon neutrality by 2045. By setting the target year for 2045, Hyundai Glovis has formulated strategies to decarbonize the shipping sector five years a...
October 06, 2023
Apple under fire for ‘overpriced’ iPhones

Apple’s has been hit by criticism in Korea once again over the price of its latest flagship smartphone series, while the US tech giant is set to take preorders starting Friday, a week ahead of the official release here. A significant decline in the exchange rate has resulted in an actual increase...
October 06, 2023
LG Energy Solution secures massive battery supply deal for Toyota EVs

LG Energy Solution and Toyota announced Thursday that they have signed a 10-year supply contract for lithium-ion battery modules to be used in Toyota’s battery electric vehicles assembled in the United States, marking the first collaboration between the Korean battery maker and the Japanese auto g...
October 06, 2023
Hikes in prices of raw materials likely to fuel consumer inflation

Concerns are growing that soaring raw material costs could have a knock-on effect on the prices of daily necessities, following price hikes initiated by some of the largest liquor and dairy firms in South Korea. Korean brewery giant Oriental Brewery announced that starting Wednesday, it will raise...
October 06, 2023
Unity renews extended reality vision at APAC summit

Unity, the industry-standard 3D development platform company, hosted the Unity APAC Industry Summit 2023 in Seoul on Thursday, showcasing advancements and real-world applications in the development of extended reality, or XR, an umbrella term encompassing augmented, mixed and virtual reality techno...
October 06, 2023
Lotte Biologics doubles down on global contract drugmaker ambitions

Lotte Biologics is gearing up for the construction of three drug manufacturing plants with its recent land purchase in Songdo, Incheon, taking its first step on its decadelong journey to become a global contract development and manufacturing organization. Lotte Biologics said the company signed a ...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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