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The Korea Herald

Markets

December 23, 2022
Hyundai Motor hits milestone of 15 million US vehicle sales

Cumulative sales of Hyundai Motor vehicles in the United States since the automaker began operations there 36 years ago reached 15 million on Wednesday, according to data presented by the automaker on Thursday. Hyundai Motor America, the automaker’s US subsidiary, delivered on Wednesday its 15 mi...
December 23, 2022
[KH explains] Will Korean economy be outpaced by Malaysia, Bangladesh in 2075?

A recent Goldman Sachs report was a bitter reality check for South Korea on its plunging birth rate and aging population -- chronic challenges with little solutions in sight. Earlier this month, the US investment bank released a report titled “The Path to 2075,” warning that the Korean economy c...
December 22, 2022
Posco outlines vision for battery value chain in US

ATLANTA – Posco Group has unveiled its ambitious vision to become the most coveted company when it comes to battery materials, a burgeoning industry riding high on the electric push among global carmakers. "The world’s renowned electric vehicle manufacturers have been contacting Posco in recent ...
December 22, 2022
SK to offer glimpse of daily life in carbon-neutral future

SK Inc., the strategic investment arm of SK Group, said Wednesday it will present a glimpse of the future drawn by its “carbon-neutral” technologies at the upcoming Consumer Electronics Show in Las Vegas early next month. SK Inc.’s showroom at the trade show will exhibit its envisioned energy l...
December 22, 2022
Korea sets sight on real estate, financial reform to spur economy

Finance Ministry offers growth outlook at 1.6%, lower than BOK, KDI estimates The Korean government has vowed to bring back the economy, speeding up regulatory reforms on real estate and financial markets. Deputy Prime Minister and Finance Minister Choo Kyung-ho highlighted the goals while unveil...
December 22, 2022
15 futuristic projects unveiled for next big leap

The government has drawn up new growth strategies to secure future technology such as aerospace and artificial intelligence and to accelerate digital transformation to help its sluggish economy leap forward. Through the "New Growth 4.0 Strategy" unveiled by economy-related ministries on Wednesday,...
December 22, 2022
7-Eleven speeds up converting Ministop stores

US-originated convenience store chain 7-Eleven is speeding up to complete the ongoing conversion of Ministop stores by the end of next year as the Korean operator owned by Lotte Group aims to cement its market position among the nation’s top three convenience store operators, according to Korea Se...
December 22, 2022
3 regional clusters named for space development

The South Korean government has designated three regions -- South Jeolla Province, South Gyeongsang Province and Daejeon city -- as clusters for the space industry, the Ministry of Science and ICT announced Wednesday. The decision was made during a National Space Committee meeting held earlier in ...
December 21, 2022
Samsung chief heading to Vietnam to inspect new R&D center

Samsung Electronics Chairman Lee Jae-yong is expected to head to Vietnam this week to celebrate the completion of the company’s new research and development center, according to industry sources on Tuesday. Upon the meeting, sources say, the Samsung chief is also likely to hold a meeting with Vie...
December 21, 2022
Monetary policy will keep focus on combating inflation in 2023: BOK

The Bank of Korea is likely to continue with its aggressive monetary tightening stance next year, as inflation is expected to remain well above its target. The nation's inflation rate is expected to remain at around the 5 percent range "for the time being" and then to be moderate over the next yea...
December 21, 2022
Hyundai Motor prepares for future with younger executives

Hyundai Motor Group on Tuesday promoted 176 employees to executive positions with a focus on rewarding achievements and preparing for the future as one in three of the newly promoted personnel were in their 40s. The company said the executive promotions were performance-based, as the global carmak...
December 21, 2022
LG chief stresses customer values in New Year’s message

LG Group Chairman and CEO Koo Kwang-mo urged the company's staff and executives to take the lead in creating customer-friendly values, calling them “customer value creators,” in his New Year’s speech for 2023, Tuesday. Delivering the video speech via email to staff around the world, Koo said em...
December 21, 2022
Luxury hotels slash VIP benefits to brace for lackluster year

Popular hotel chains are tightening criteria for VIP memberships and slashing generous benefits in a move to brace for lackluster sales next year, according to industry sources on Tuesday. Starting Jan. 1, Lotte Hotel, the nation’s largest hotel chain, will raise the bar to qualify for its Reward...
December 21, 2022
[From the scene] Posco bets big on Argentina saltwater to top battery materials market

These ponds will help Posco relieve a lot of the burden from the costly and time-consuming process of extracting lithium from scratch, Oh explained. It takes about three to four months to dry up 75 percent of the saltwater in each artificial pond. The water will then be transported to Posco’s com...
December 20, 2022
Sales of cold medicine at convenience stores shoot up

Sales of over-the-counter medicines at convenience stores in South Korea have increased amid the latest resurgence of COVID-19 infections and outbreak of seasonal influenza. Since November 2012, the government has allowed convenience stores to sell several kinds of over-the-counter medicine. Acco...

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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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