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The Korea Herald

Markets

December 29, 2022
LG to debut ThinQ UP upgradable appliances in US

LG Electronics said Tuesday it is launching its “upgradable” home appliance brand LG ThinQ UP in overseas markets, starting with the US. Debuted as UP Appliance in Korea in January, the brand allows customers to add new features to their existing LG appliances through software updates. Currently...
December 29, 2022
Genshin Impact-themed Samsung foldable phones sell out in 14 minutes

Genshin Impact, an open-world action role-playing game, or RPG, has demonstrated its popularity once again as the game-inspired Samsung Electronics foldable smartphones and earbuds sold out shortly after they went on sale last week. According to Chinese game and animation studio HoYoverse, the 100...
December 28, 2022
[KH explains] Why are whiskey prices so high in Korea?

Whiskey in South Korea is notoriously expensive. Prices may have fallen slightly over the decades, but whiskey is still considered to be pricey here. For example, the retail price of Jack Daniels Whiskey in a 750-milliliter bottle on Amazon in the US is $24.99, whereas the same whiskey is priced a...
December 28, 2022
Fintech firms to set up disaster response centers

South Korea's Financial Services Commission on Monday announced that it will mandate big tech companies with financial services to establish disaster recovery centers. The new regulation plan came in the wake of Kakao’s extensive internet, banking and messenger service disruption caused by a fire...
December 28, 2022
Hana Financial to strengthen digital, global sectors with revamped leadership

Hana Financial Group said Monday it is revamping its organization under three vice chairmen in a move to strengthen its competitiveness in the digital and global sectors, as well as its core financial business. The group appointed two vice chairmen -- Park sung-ho and Kang Seong-muk -- while retai...
December 28, 2022
Bold goals set to tackle trade loss next year

South Korea on Tuesday laid out a set of bold goals to support private-sector-led growth in 2023, promising financial aid to achieve a trade surplus and attract foreign investment in a bid to minimize the impacts of a global economic slowdown. While 2023 is expected to be challenging for the econo...
December 28, 2022
Samsung drives 63% surge in foldable phone sales in 3Q: report

Global shipments of foldable smartphones shot up more than 60 percent in the third quarter this year, despite the stagnant smartphone market, owing to high sales of Samsung Electronics’ foldable devices, according to industry tracker Counterpoint Research on Tuesday. From July to September, folda...
December 28, 2022
Yuanta Securities sale rumor resurfaces

Rumors about the possible sale of the Korean unit of Yuanta Securities, a Taiwanese investment bank, to Korean banking conglomerate Woori Financial Group have reemerged, causing the former’s stock price to spike by over 20 percent on Tuesday. Earlier in the day, a local media outlet reported that...
December 28, 2022
NCSoft CEO voices confidence in first console title

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
December 27, 2022
Is KAI on Hanwha’s mind after DSME acquisition?

Hanwha Group’s planned acquisition of Daewoo Shipbuilding and Marine Engineering, the nation’s No. 2 shipbuilder, is once again fueling speculation over its possible attempt to take over Korea Aerospace Industries, the sole aircraft maker here that would complete the conglomerate’s vision to bec...
December 27, 2022
Battery makers shell out to lure US tech talent

South Korean battery makers are luring tech talent in the US with big welfare benefits and other hefty incentives to fuel their growth momentum in the burgeoning electric vehicle market, industry sources said Monday. Starting from Jan. 1, LG Energy Solution, the largest battery maker here, will ex...
December 27, 2022
S. Korea’s public utility charges likely to rise to cover snowballing debts

As operators have failed to secure sufficient funds to compensate for a growing deficit, subway fares in Seoul will likely rise next year. This will mark the first time in nearly eight years since the last hike in June 2015 from 1,050 won to 1,250 won. On Saturday, the National Assembly passed a 6...
December 27, 2022
Korean companies suffer weakening stability, fiscal health

South Korean companies have seen revenue growth this year, but their fiscal health has deteriorated due to increased debt and lowered profitability, according to a report from a major business lobby group Monday. Despite their growing revenue, the slowdown in the growth rate, inventory piling up a...
December 27, 2022
38-year rule for ‘best before’ dates to be revised

The nation’s 38-year-old food expiration date system will be revised from next year to be based on use-by dates of food items, not sell-by dates, in an attempt to reduce food waste. The use-by date refers to the last day food can be consumed. If the food is older than that date, the consumer shou...
December 27, 2022
Hyundai Heavy Industries renames itself HD Hyundai

CEO Chung Ki-sun also presented HD Hyundai’s new goals to executives and staff members attending the ceremony, and promised to improve the company’s work environment and corporate culture. “Leaders will act first and work actively so that the company becomes a place where you feel you want to w...

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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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