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The Korea Herald

Markets

April 04, 2023
Biz leaders welcome BIE delegation, reaffirm support for Busan's Expo bid

The Busan Expo bidding committee hosted a welcome lunch on Monday for delegates from the Bureau International des Expositions, who visited the port city for a six-day on-site inspection ahead of its vote for deciding the host city of the World Expo 2030. “Before their busy schedule in Seoul and B...
April 04, 2023
Liquor shipments down amid cost of living pressures

Shipments of alcoholic beverages in South Korea have decreased over recent years amid inflationary pressures and changes in attitudes to alcohol consumption during the COVID-19 pandemic, government data showed Friday. According to Korea Agro-Fisheries & Food Trade Corporation data, the combined sh...
April 04, 2023
Hanwha-DSME merger still awaits Korean approval

South Korea’s Fair Trade Commission is closely reviewing Hanwha Group’s acquisition of Daewoo Shipbuilding and Marine Engineering as it could lead to unfair trade practices if completed, officials said Monday. “The issue is that ships are used in battle. They are weapons. In terms of the weapon...
April 03, 2023
Paycoin to be delisted from crypto exchanges

A local crypto exchange platform alliance on Friday decided to remove Paycoin tokens issued by PayProtocol, a subsidiary of payment service company Danal, on April 14. The Digital Asset Exchange Alliance consists of five crypto exchanges, and PayProtocol's Paycoin is currently listed on three of t...
April 03, 2023
[KH Explains] Refiners aim for survival amid EV boom

South Korean oil refiners are turning to eco-friendly energy and searching for future growth engines to cope with the rise of electric vehicles threatening the current business model of traditional gas stations. According to the Korea Energy Economics Institute’s report on the oil industry’s cou...
April 03, 2023
[Herald Interview] 'Shift to EVs is happening much faster than we think'

The swap to electric vehicles from cars equipped with internal combustion engines is happening much faster than we think, and EVs will eventually replace traditional cars, Mercedes-Benz Korea CEO Thomas Klein says. “I believe, sorry to say, the internal combustion engine is dead. The energy effic...
April 03, 2023
Korean battery makers relieved by latest US subsidy guidance

South Korean battery makers are breathing a sigh of relief as the US Treasury Department’s newly unveiled guidance on battery sourcing does not require them to change their current production process right away to receive the US government’s subsidies provided to electric vehicle buyers under the...
April 03, 2023
[Behind the Wheel] BMW XM boasts unparalleled driving experience

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
April 03, 2023
Samsung SDI opens R&D center in Shanghai

Samsung SDI said Sunday that it opened a new research and development center in Shanghai on Saturday, completing its global network of research facilities around the world. The new center, called SDI Research & Development China, or SDIRC, will collaborate with universities and research institutio...
April 02, 2023
[Weekender] Foreign tourists flock back to Myeong-dong

The Seoul Tourism Association agent said that the number of Chinese travelers has shown no dramatic increase yet, despite the fact that there have been some marginal increases in the number of travelers from Taiwan and Hong Kong. One of the main reasons for the slow recovery of Chinese travelers i...
April 02, 2023
Korea fails to join World Government Bond Index

Despite the government’s efforts, Korea failed to join World Government Bond Index, a global benchmark that measures the performance of sovereign bonds. Financial Times Stock Exchange Russell, the index operator of WGBI, announced its Fixed Income Country Classification on Thursday. Korea will re...
April 02, 2023
Naver to support Saudi Arabia in building city-scale digital twin, super app

Naver will support Saudi Arabia in creating a city-scale digital twin and developing a “super app” using its advanced technologies, the South Korean internet giant said Thursday. Naver said the company and its artificial intelligence and cloud service affiliates Naver Labs and Naver Cloud signed...
April 02, 2023
Baedal Minjok charges highest transaction fees to vendors

South Korea's food delivery app Baedal Minjok, or Baemin, has been charging the highest fees to its vendors among the country's top nine e-commerce platforms, according to government data released on Friday. The Financial Supervisory Service, the country's financial regulator, unveiled commission ...
April 02, 2023
Hyundai Mipo Dockyard wins W240b order from Africa

South Korea's shipbuilder Hyundai Mipo Dockyard said Friday that it has recently signed a contract to supply four medium-sized product carriers to an Africa-based shipping company. The contract is worth a total of 240 billion won ($186 million). The product carriers will be built at Hyundai Mipo ...
April 02, 2023
KT plagued by unprecedented leadership vacuum

South Korean telecommunications giant KT Corp. is in shambles due to an unprecedented leadership vacuum, with not only its chief executive, but also almost all of its board members stepping down amid speculations of revolving door appointments. Just before the start of this year's regular sharehol...

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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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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099