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The Korea Herald

Markets

June 30, 2023
Dunamu leads Web 3.0 market with blockchain tech

Dunamu, the operator of Korea's largest cryptocurrency exchange Upbit, has been leading the growth of next-generation technology with its experience in blockchain. The firm has been a pioneer in digital assets, introducing new technologies for lucrative investments. The operator joined hands with...
June 30, 2023
Apple Pay sees 26m transactions in Korea in first 100 days

Over 25.8 million transactions have been made with Apple Pay since its launch on March 11, Hyundai Card announced Thursday. Among these transactions, 93 percent were made at offline retailers. The numbers, covering the period from March 21 to June 27, were part of key indicators and customer data...
June 30, 2023
Korea, Japan revive $10b currency swap

South Korea and Japan agreed to resume a $10 billion currency swap deal after an eight-year suspension, showing bilateral economic ties are on a path of recovery. Finance Minister Choo Kyung-ho met with his Japanese counterpart Shunichi Suzuki in Tokyo on Thursday. It was the first time since 2016...
June 30, 2023
Korean Air-Asiana merger faces more delay

A planned merger of South Korea’s top two air carriers is expected to face more delay as the European antitrust authorities have temporarily halted its probe into the 1.8 trillion won ($1.37 billion) high-profile deal. Korean Air said Thursday it has requested the European Commission to extend th...
June 30, 2023
Fila releases sustainability report, bolsters product circularity

South Korean sportswear brand Fila on Wednesday released its latest annual sustainability report, as part of efforts to enforce its mid-to long-term slogan to operate a transparent and eco-friendly business. "Fila made significant strides in its pursuit of sustainability management throughout 2022...
June 30, 2023
South Korea, US agree to work closely to address IRA, trade concerns

South Korea and the United States agreed to work closely to resolve concerns over the US' Inflation Reduction Act, discussing ways to strengthen battery supply chains, Thursday. South Korean Deputy Minister Joo Young-joon in charge of industrial policy at the Ministry Trade, Industry and Energy me...
June 29, 2023
Hyundai Steel’s H-beam steel earns industry's first low-carbon certificate

South Korean steelmaker Hyundai Steel said Thursday its low-carbon H-beam steel product has earned an eco-friendly certification from the Environment Ministry, becoming the first steelmaker in Korea to do so. Part of the Environmental Product Declaration certification system, the recognition is gi...
June 29, 2023
[KH explains] Fear of being short fuels early puberty treatment boom

South Korea’s precocious puberty treatment market has seen rapid growth in recent years, as much as parents’ growing interest in children’s height has led to shortages of the therapies. Precocious puberty treatment is prescribed to children whose puberty begins before age 8 in girls and before ...
June 29, 2023
Posco chief bolsters ties with global partners

Posco Group Chairman Choi Jeong-woo held a series of meetings with key investors and business leaders in his recent visit to the US and Canada in a bid to strengthen ties, according to the company. Choi delivered a keynote speech at the Global Steel Dynamics Forum held in New York on Tuesday, duri...
June 29, 2023
Head of construction giant hands out cash to hometown residents

Every household in a small rural village in Suncheon, South Jeolla Province, received cash gifts up to as much as 90.2 million won ($69,000) per household in the past month. The generous donor was Lee Joong-keun, the 82-year-old founder of property developer Booyoung Group, who grew up there in po...
June 29, 2023
‘U-shaped’ recovery forecast for trade

South Korea's trade deficit will persist in the second half of this year, following the same pattern observed in the first half, according to a Korean trade lobby group on Wednesday. Nevertheless, there is anticipation for a gradual recovery resembling a "U-shape" in the long term, as the trade de...
June 29, 2023
Finance sector unaffected by changes in age counting system

Abolishment of the “Korean age” system, which came into effect Wednesday, will not make a substantial difference in the local finance sector, as the industry has already been using the internationally recognized age counting system. The country’s top finance regulator Financial Supervisory Serv...
June 29, 2023
Hyundai invests W2b in auto chip startup

Hyundai Motor Group said Wednesday it has made follow-on investments worth 2 billion won ($1.5 million) in Korea-based auto chip startup Bos Semiconductors in a move to boost its autonomous car business. Under the deal, the carmaker plans to strengthen its strategic partnership with the startup an...
June 29, 2023
LG’s market cap triples under Koo's leadership

LG Group, South Korea’s fourth largest conglomerate, has seen its market capitalization triple and sales jump about 30 percent under the leadership of Koo Kwang-mo, who marks his fifth anniversary as the group's chairman on Thursday. With bold decisions to restructure the business portfolio and c...
June 29, 2023
Samsung unveils foundry road map to take on TSMC

Samsung Electronics, the world’s largest memory chipmaker, on Tuesday unveiled a new foundry business road map, saying it will expand the adoption of the 2-nanometer manufacturing technology in phases to mobile applications by 2025, high-performance computing by 2026 and automotive chips by 2027. ...

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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
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