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The Korea Herald

Markets

July 06, 2023
'China decoupling could boost Korean trade'

Korea and other Asian nations can be key players in the global supply chain, as countries wean off their dependence on China, a report issued by the Korea Chamber of Commerce and Industry suggested Wednesday. According to the report, Korea and other “Altasia” countries can be a substitute for Ch...
July 06, 2023
Samsung may face tighter scrutiny under new EU rules

Samsung Electronics may be subject to the European Union’s new platform service regulations targeting big tech companies, as the Korean tech giant notified the European Commission it meets the EU’s criteria as a “gatekeeper.” On Tuesday, the EU revealed the names of seven companies that have r...
July 06, 2023
Korean Air boosts ESG efforts

In November 2017, Korean Air operated its first international flight from Incheon to Chicago using SAF. Since last year, SAF was also used for all regularly scheduled flight services between Incheon and Paris. It is the only Korean airliner that uses the eco-friendly fuel. Korean Air also sold var...
July 06, 2023
SK Bioscience taps ASEAN vaccine market with Thai drug firm

SK Bioscience said Wednesday it has signed a business agreement with a state-owned pharmaceutical company in Thailand to boost vaccine production and vaccine development infrastructure in the Southeast Asian country. Under the agreement, SK Bioscience and Thailand's Government Pharmaceutical Organ...
July 06, 2023
[Herald Interview] Snowflake seeks to expand presence in Korea

US cloud software company Snowflake launched its Korean unit in 2021 with the aim of attracting big-name local companies such as Samsung and LG as lucrative corporate clients. In Korea, many large conglomerates operate their own IT solutions providers, but during these times of digital transformat...
July 06, 2023
Proptech startup Urbanbase wins patent dispute

South Korean proptech startup Urbanbase said Wednesday it has won a patent dispute against its local rival Archidraw. Putting an end to their two-year legal battle, a Seoul patent court recently ruled in favor of Urbanbase, invalidating all patents previously registered by Archidraw. Urbanbase is...
July 06, 2023
Volvo Trucks chief visits Seoul

Volvo Trucks President Roger Alm visited South Korea to show the company’s commitment to cater to the fast-growing demand of electric commercial trucks in the nation’s logistics industry, the company said Wednesday. During a luncheon with corporate clients in a hotel in Seoul, Alm stressed the i...
July 05, 2023
[From the Scene] Kia's Gwangju plant ups automation

GWANGJU -- A line of pressing machines continuously stamped out automotive body panels inside Kia’s manufacturing plant in Gwangju on Thursday. The pressers never seemed to miss a beat as they kept stamping out the panels, offering a glimpse of the automatized operations at the South Korean carmak...
July 05, 2023
Korea lowers growth outlook to 1.4% on slow recovery

The Korean government revised down its economic growth rate projection to 1.4 percent on Tuesday, as the exports sector struggles to rebound, delaying the economy's recovery to next year. The revision came as the Finance Ministry and other related ministries announced economic policy measures for ...
July 05, 2023
Green fuels forum to be held next week

The Korea Automobile Journalists Association, the US Embassy in South Korea and the US Grains Council are set to co-host the 2023 International Green Fuels Symposium on July 11 at the Four Seasons Hotel in Jongno-gu, Seoul. Sponsored by the South Korean Ministry of Land, Infrastructure, and Transp...
July 05, 2023
[Herald Interview] EU seeks cooperation with South Korea to de-risk from China amid supply chain woes

The European Union is keen on cooperating with South Korea in chips, digital trade and clean technology, the European Commissioner for Internal Market Thierry Breton said Friday, amid mounting geopolitical uncertainties. "It is important that like-minded partners cooperate by coordinating policies...
July 05, 2023
Korea's ramen exports hit record high amid K-ramen boom

South Korea posted its highest-ever semi-annual ramen exports figure amid the increased global demand for Korean instant noodle products, data found Tuesday. According to the data from the Korea Agro-Fisheries and Food Trade Corporation, a quasi-government agency, Korean ramen exports were tentati...
July 05, 2023
Sales of ultra-luxury super cars exceed 6,000 units

The number of ultra-expensive luxury cars priced at over 300 million won ($231,00) sold in South Korea has exceeded 6,000 units, a report showed Tuesday. As of April, 6,299 units of high-priced cars were registered nationwide, according to a report from Rep. Yang Kyung-suk of the main opposition D...
July 05, 2023
Five Guys sells 15,000 burgers in 1st week in Seoul

Seoul’s Five Guys branch broke the sales record for a new store in the Asia-Pacific region during its first week of operations from June 26 to July 2. It also placed among the top five in sales among all of Five Guys branches, as it placed fourth following branches in Paris, London and Dubai. Sin...
July 05, 2023
New public-private alliance formed to boost Korea’s SMR competitiveness

Government agencies and major companies in South Korea gathered Tuesday to form an alliance to secure the country’s global leadership in the small modular reactor, or SMR, market. An SMR is a small-sized reactor that can produce 300 megawatts of electricity, integrating major equipment like a ste...

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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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