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The Korea Herald

Markets

April 18, 2023
Posco Group's market cap up 50% this year

Posco Group has seen an increase of more than 20 trillion won ($15.2 billion) in its market capitalization this year, buoyed by anticipated gains in its battery businesses. According to data released by Korea Exchange on Monday, the combined market capitalization of Posco Group's listed firms came...
April 18, 2023
Pet spending surges during pandemic

South Korean's annual expenditure per capita on pets, along with the nation's pet-related businesses, is growing steadily, data released Monday showed. Purchase records from 2019 to 2022 compiled by the big data center at major Korean card firm Shinhan Card showed that the average annual spending ...
April 18, 2023
FSC to ease regulation on Korean investment firms' foreign lending

The Financial Services Commission will revise the net capital ratio regulation to create a more favorable environment for Korean investment firms' overseas lending business, the financial regulator said Monday. At a seminar held at the Korea Exchange Monday, many securities firms here -- including...
April 17, 2023
[KH Explains] Why Hanwha’s DSME takeover has not yet gained approval at home

Hanwha Group’s acquisition of Daewoo Shipbuilding and Marine Engineering is facing a final obstacle, as South Korea’s Fair Trade Commission is yet to give the green light for the high-profile takeover. Since signing a megadeal worth 2 trillion won ($1.53 billion) to buy a 49.3 percent stake in D...
April 17, 2023
Samsung’s Neo QLED TVs receive carbon footprint certification

Samsung Electronics, the world's largest TV maker by shipments, said Sunday that six of its Neo quantum-dot light-emitting diode TVs have been globally certified for carbon footprint by Carbon Trust, a UK-based carbon management and reduction organization. The models -- three of its 75-inch Neo QL...
April 17, 2023
Major crypto exchanges delist paycoin

Paycoin, the cryptocurrency issued by PayProtocol, was delisted from three major virtual asset trading platforms in South Korea after the issuer's petition for a preliminary injunction against the removal was rejected by a Seoul court on Friday. PayProtocol, a subsidiary of payment service company...
April 17, 2023
LG Chem, Huayou Cobalt to build W1.2tr battery material plant in Korea

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
April 17, 2023
[KH Explains] Is US-China rivalry spilling over to displays?

The rare visit of Chinese President Xi Jinping to LG Display’s local manufacturing facility in China last week came as a surprise to South Korea’s display industry, raising both excitement and concerns over the intention behind the visit amid the intensifying Washington-Beijing tech rivalry. In ...
April 17, 2023
Online luxury sellers suffer losses as shoppers return in-store

A slew of Korean online luxury retailers have capped last year with sharp falls in their profits as consumers have begun returning in-store while competition among online malls grow fierce. Korean luxury goods platform Must-it's operating losses widened by 68 percent on-year to 16.8 billion won ($...
April 17, 2023
LG chairman files suit over 'excessive' inheritance tax

LG Group Chairman Koo Kwang-mo is belatedly found to have filed a complaint against the South Korean tax administrative agency, claiming that the inheritance taxes imposed on him were excessively hefty, according to the business circles on Sunday. Koo took legal action against the head of the Nati...
April 17, 2023
ReWorld Forum to explore sustainable future

The SDX Foundation, a nonprofit seeking sustainable growth based on digital transformation, said Sunday it will hold the ReWorld Forum in Seoul on April 26 under the themes of net-zero transition as well as environmental, social and corporate governance. The upcoming forum will focus on exploring ...
April 16, 2023
[Herald Interview] Allow motorcycles on highways, BMW Motorrad’s Asia chief urges

South Korea should lift regulations to allow motorcycles on highways, the head of Region Asia, China, Pacific and Africa at BMW Motorrad urged, citing the burgeoning growth of the two-wheeler market here. “South Korean motorcycle market is witnessing continuous growth every year with an increasin...
April 16, 2023
SPC ups support for minorities in New York

South Korean food and bakery giant SPC Group said Friday it has joined hands with the city government of New York and the American Chamber of Commerce in Korea to boost the US city’s economy by expanding support for minority groups. A signing ceremony for the memorandum of understanding was held ...
April 16, 2023
Korea’s pet insurance market lukewarm despite growing pet ownership

The South Korean pet insurance market has been expected to gain traction amid a growing pet population in the country. However, it will take more time for the market to mature, according to industry sources. According to the Korea Credit Information Service, the number of pet owners who have pet i...
April 16, 2023
Top Korean chaebol leaders to accompany Yoon on state visit to US

Top South Korean chaebol leaders are set to join President Yoon Suk Yeol on his state visit to the US later this month, according to industry sources on Friday. Yoon is set to embark on a state visit to the US for a summit with US President Joe Biden on April 26. Upon Yoon’s visit to the US, the...

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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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