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The Korea Herald

Markets

April 06, 2023
Busan's historic trade port to turn into BIE big data hub

South Korea has proposed turning its first trade port in Busan, the North Port, into a big data center storing the history and legacy of Bureau International des Expositions, if it succeeds in its bid to host the World Expo in Busan in 2030. The Busan Expo bidding committee made the proposal to th...
April 06, 2023
Ho-Am Foundation picks prize winners

The Ho-Am Foundation on Wednesday announced the winners of its annual Samsung Ho-Am Prize award for this year in the fields of science, engineering, medicine, arts and community service. This year’s prizes went to Ihm Ji-soon, a distinguished professor at Pohang University of Science and Technolo...
April 06, 2023
FSS calls for action against money laundering

To prevent money laundering crimes that take place overseas, the Korean financial watchdog highlighted the critical importance of implementing additional measures during a symposium hosted by the US Department of State in the Nuri Ballroom of the Four Seasons Hotel Seoul on Wednesday. “As oversea...
April 06, 2023
KCCI's online platform offers solutions to global issues

Global solutions platform Wave, launched by South Korea's largest lobby group, will play the role of bridging entities around the world to share ideas on resolving major challenges faced by the international community. Wave was launched by the Korea Chamber of Commerce and Industry on March 17 and...
April 06, 2023
US hinders S. Korea’s nuclear plant export to Czech Republic

The US government has turned down Korea Hydro & Nuclear Power’s report on bidding for a nuclear power plant project in the Czech Republic, raising concerns that the Korean export plans of reactors may fall short due to ongoing litigation with Westinghouse Electric Co. The documents, which were su...
April 06, 2023
LG Energy Solution bolsters battery supply chain in Morocco

LG Energy Solution has secured a supply chain of critical material for making electric vehicle batteries in Morocco in its efforts to bolster its readiness for toughened regulations in its key markets -- the US and Europe. According to the South Korean battery maker on Wednesday, the company signe...
April 06, 2023
Korean Air resumes more flights to popular European cities

Korean Air said Wednesday it is resuming services to four major destinations in Europe by late April. After a three-year hiatus due to the COVID-19 pandemic, the airline has resumed flights to Prague and Zurich since March 27, while those for Istanbul and Madrid are set to be resumed from April 24...
April 06, 2023
Korean Air, Delta Air celebrate 5th anniversary of joint venture

Korean Air, the nation’s number one flag carrier, said Wednesday it recently celebrated the fifth year of its joint venture partnership with the US' Delta Air Lines by holding a home repair project in Calauan, the Philippines. Calauan in Laguna province is home to a resettlement site project of 6...
April 06, 2023
Hyundai Motor unveils 'Busan is Ready!' video

Hyundai Motor Group announced Wednesday it has released a promotional video titled “Busan is Ready!” on several digital platforms for the city’s bid to host the 2030 World Expo. It is the latest installment of the group’s large-scale video campaign series, which has been taking place over the ...
April 06, 2023
Tax cut takes edge off vet bills

Medical expenses for pets are expected to go down as the South Korean government is looking to get rid of the value-added tax-imposed pet care services. According to the Ministry of Economy and Finance on Wednesday, the government has recently started an internal review process to scrap the existi...
April 06, 2023
Public-private partnerships to bring Expo to Busan

Local governments and private companies in South Korea have been ramping up efforts for the country's bid to bring the World Expo to Busan in 2030. Hosting the 2030 World Expo has been a long-standing goal for Korea, who started on the path to candidacy in 2014. In 2019, the bid for the World's F...
April 06, 2023
World Expo to evolve into global solutions platform in Busan

South Korea's bid to host the World Expo in Busan envisions the event morphing into a global platform providing solutions for the pressing challenges faced by the post-pandemic world. Under the theme of “Transforming Our World, Navigating Toward a Better Future," Busan aims to lead the global fai...
April 05, 2023
National debt hits all-time high on pandemic spending

South Korea's national debt is growing at an alarming pace, posting a record high of over 1,067 trillion won ($811 billion) last year, the Finance Ministry said Tuesday. The country’s debts – the amount owed by central and provincial governments, excluding state and public bonds owned by nationa...
April 05, 2023
Busan could generate W60tr as host of 2030 World Expo

Competition is fierce for countries around the world to win the bid to host the 2030 World Expo -- not only would the event significantly raise a nation's status, but it could also potentially provide a huge boost to the region's economy and the domestic business ecosystem. According to research c...
April 05, 2023
BIE members feel Seoul's fever for Busan Expo

At Kia's booth, the BIE members checked out the automaker's latest EV9 model, and heard about the company's ESG initiatives. They then took a practice ride on the Office Omnipod by LG Electonics and listened to explanations about the company's state-of-art display technologies. In Samsung Electro...

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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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