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The Korea Herald

Markets

June 09, 2024
SKT brings K-pop fan community service to metaverse platform

South Korean mobile carrier SK Telecom has unveiled a new K-pop service for its metaverse platform, ifland, designed as an arena where K-pop idols and their global fans gather and communicate with one another. Starting Monday, ifland will offer a fan community service with hotel-style spaces enabl...
June 09, 2024
Samsung Electronics executives buy W1.15b worth treasury stocks

Samsung Electronics executives have been actively purchasing treasury shares to prop up the price, which has struggled to break out of the 70,000 won ($50.70) range. Six executives at the tech giant have collectively acquired 15,490 shares of the company’s stock this month, which amounts to 1.15 ...
June 09, 2024
Korea's value-focused coffee chains' enjoy high profits, contrary to low profits of licensed store owners

Value-focused coffee chain operators, such as Mega MGC Coffee and Compose Coffee, have grown rapidly in South Korea, thanks to increasing demand for affordable coffee products. While the number of such stores has been increasing across the country, concerns are mounting as the owners of licensed s...
June 09, 2024
Oil, gas reserves in East Sea 'highly prospective' says Act-Geo owner

The existence of oil and gas reserve in the East Sea is "highly prospective" as seismic data show the examined wells contain all four key elements of a petroleum system, Vitor Abreu, the owner and adviser of the US geoscience research firm Act-Geo said Friday. Act-Geo is the company that suggested...
June 07, 2024
K-water to cooperate with African nations on water infrastructure

Korea Water Resources Corp. said Thursday that the state-run agency and African leaders held talks to increase their cooperation on water management technology. Several leaders of African countries, who were visiting South Korea for the inaugural Korea-Africa Summit in Seoul, gathered at K-water’...
June 07, 2024
Korean cosmetics stocks soar on FDA-approved sunscreen

Shares of Korean cosmetics firms that produce sunscreen products and materials approved by the United States health regulator soared in May, coupled with returning investor sentiment in the K-beauty industry, according to industry sources, Thursday. "Recently, there were dramatic increases in the ...
June 07, 2024
Hana Financial launches 18th Smart Ambassador cohort

Hana Financial Group has launched a team of honorary ambassadors composed of college students to promote the financial conglomerate, the firm announced Thursday. The 50 student representatives belong to the 18th team of the Smart Ambassador program. A total of 963 college students have participate...
June 07, 2024
Dried seaweed prices rise sharply in May

The price of dried seaweed in South Korea increased by 17.8 percent in May compared to the same period last year amid surging demand from overseas markets, according to Korea Statistics on Thursday. This rise surpasses both the average increase in seafood prices, which was 0.1 percent, and the ove...
June 05, 2024
Korea, Africa set the stage for shared growth, sustainability

Business leaders and government officials from South Korea and African nations gathered to fortify practical cooperation involving complementary skills and resources to enrich the decades-long friendship between countries. Some 400 people took part in the 2024 Korea-Africa Business Summit held in ...
June 05, 2024
Act-Geo founder arrives in Seoul to explain oil find

Following the recent announcement that South Korea may have discovered up to 14 billion barrels of oil and gas reserves off its southeastern coast, Vitor Abreu, the owner of Act-Geo, the firm responsible for the discovery, arrived in Seoul on Wednesday to elaborate on these findings. Abreu landed ...
June 05, 2024
[Hello India] Krafton eyes bigger footing in India

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
June 04, 2024
Energy shares rally on potential East Sea jackpot

Stock prices of oil- and gas-related companies extended their gaining streak Tuesday, backed by major oil and gas prospects off the East Coast following President Yoon Suk Yeol’s announcement from the previous day. With the government approving exploratory drilling for a potential 14 billion barr...
June 04, 2024
[KH Explains] Has South Korea really struck oil?

What exactly is a geophysical survey? A geophysical survey is a crucial preliminary step in exploring natural resources. It employs methods like seismic, gravity, magnetic and electromagnetic exploration to indirectly assess the subsurface's structure and composition, akin to taking an X-ray of th...
June 04, 2024
Hana’s Travlog currency exchange service hits 5m users

Hana Financial Group announced Tuesday that its mobile currency exchange service, Travlog, has surpassed over 5 million subscribers, with the total amount exchanged exceeding 1.9 trillion won ($1.39 billion). Launched in July 2022, Travlog is a digital service that allows users to exchange currenc...
June 03, 2024
[KH Explains] Korea yet to welcome spot crypto ETFs

While the US Securities and Exchange Commission made another move to embrace cryptocurrency by approving exchange-traded funds tied to the price of ether, the most famous crypto after bitcoin, spot cryptocurrency ETFs remain out of reach for South Korean investors. On May 23, the US SEC gave the g...

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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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