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The Korea Herald

Markets

July 18, 2023
Korea to dominate 75% of battery separator market by 2030: report

South Korean battery materials makers are expected to take up 75 percent of separator film production within North America and Europe by 2030, a report showed Monday. Of the Korean companies, SK IE Technology, an electronics materials maker affiliated with SK Group, is projected to control the lar...
July 18, 2023
Monsoon rain ravages farms, kills livestock

Nearly 30,000 hectares of farmland across the country were damaged by the recent torrential rain, raising concerns that agricultural product prices -- which have recently soared due to a heat wave -- will consequently rise even more. Some 27,094 ha of farmland have been damaged between July 10 and...
July 18, 2023
Hyundai E&C to rebuild Ukraine's largest airport

Hyundai Engineering & Construction said Monday that the company would join a postwar reconstruction project in Ukraine, signing an agreement with Boryspil International Airport Corporation for the airport's future expansion project. Boryspil International Airport is the largest airport in Ukraine....
July 18, 2023
Public affairs strategies reshaping at chaebol groups

South Korea’s top four chaebol groups are gearing up to secure supply chain resilience and salvage their global businesses from the rising geopolitical uncertainties reshaping industrial dynamics. From expanding their public affairs organizations to hiring seasoned ex-government officials, the co...
July 18, 2023
Daewoo E&C, Poland’s ERBUD sign memorandum

Daewoo Engineering & Construction announced Monday that the South Korean builder has signed a memorandum of understanding with ERBUD, Poland’s third-largest construction firm, to carry out new projects in the European country, including the construction of nuclear power plants. The partnership wa...
July 18, 2023
Majority of Korean firms show support for foreign labor: survey

Two major business lobby groups on Monday called on the government to expand the current quotas of foreign labor in 2024 and enhance the foreign labor system to help enterprises grappling with worker shortages. In response to a decreased number of foreign workers in Korea due to the COVID-19 pande...
July 18, 2023
Korea's household debt burden ranks No. 2 globally

Korea’s household debt is rising at an alarming pace, coming in second in terms of size and growth rate among major economies, data showed Monday. According to a report issued by the Bank of International Settlements, a financial institution based in Basel, Switzerland, the debt service ratio for...
July 17, 2023
KB pledges to become purpose-driven company

South Korean financial giant KB Financial Group hopes to become a company that can have a good influence on the community, its chairman said Friday. “We will all make efforts to become a purpose-driven firm that has a positive influence on the community,” Chairman Yoon Jong-kyoo said at the grou...
July 17, 2023
Woori to step up its game in corporate financing

South Korean financial giant Woori Financial Group plans to expand its corporate financing, according to its chairman Friday. "During the first half of 2023, we prioritized risk management such as controlling financial soundness and capital adequacy as the uncertainty in financial markets both in ...
July 17, 2023
Hyundai’s N brand hits 100,000 unit sales

Hyundai Motor Group said Sunday its high-performance N brand has hit the 100,000 sales mark since its official launch in 2015. The brand’s six cars, including the very first i30 N and the recent Kona N, sold a total of 103,947 units globally as of the day. The South Korean auto giant offered an u...
July 17, 2023
[Herald Interview] UK firm lures Korean trendsetters with 'transparent phones'

Nothing’s key customers are in Gen Z and those in creative industries such as design, music and social media. They include American artist Daniel Arsham, American designer Sean Wotherspoon and Swedish supergroup Swedish House Mafia. Yet he was not sure whether transparent smartphones will be the n...
July 17, 2023
Eximbank joins forces with BGK, K-Sure to bolster Korea-Poland ties

Korea Eximbank announced Sunday that it had signed a trilateral memorandum of understanding with Korea Trade Insurance Corporation (K-Sure) and Bank Gospodarstwa Krajowego from Poland to enhance economic and financial cooperation between the two countries. BGK, established in 1924 for the country’...
July 17, 2023
Foreign workers make up 15% of Korea's construction labor force

Foreign laborers account for nearly 15 percent of construction workers here, according to a local report Sunday. According to the Construction Workers Mutual Aid Association, the number of foreign construction workers came to 109,865 as of March this year, accounting for 14.8 percent of the total ...
July 16, 2023
BOK unlikely to cut rates this year: Gov. Rhee

The Bank of Korea is unlikely to cut interest rates this year because of uncertainty in the inflation outlook and massive household debt, central bank Gov. Rhee Chang-yong said Friday. "It is difficult to say that we will lower the interest rates for the time being, so don't expect too much that t...
July 16, 2023
Hackers steal W8m from Starbucks app

The official Starbucks Korea mobile application was hacked on Monday, resulting in the theft of approximately 8 million won ($6,300) from the in-app cards of some 90 customers. A recent post from someone on an online forum alleged that unauthorized payments worth a total of 2.8 million won were ma...

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EDITOR'S PICKS

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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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