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The Korea Herald

Markets

December 20, 2022
COVID-19 test kit exports hit all-time low with ebbing pandemic

Data showed Monday exports of COVID-19 test kits in November hit an all-time low since the pandemic spread globally in 2020. Exports of COVID-19 test kits in November logged $74.47 million, or 96 billion won, according to the Korea Customs Service. The figure marks the lowest since April 2020, wh...
December 20, 2022
LG Energy Solution to invest W4tr in battery plant expansion

South Korean battery maker LG Energy Solution will invest 4 trillion won ($3.1 billion) in expanding battery manufacturing facilities at its Ochang plants in Cheongju, North Chungcheong Province, through 2026, the company announced Monday. Representatives from the battery maker, the local governme...
December 20, 2022
Samsung, SK hynix to face grim Q4 due to weak demand: report

South Korea's leading semiconductor makers Samsung Electronics and SK hynix face a grim outlook in their fourth quarter sales due to sluggish demand for memory chips, a report said on Monday. In a report, Daol Investment and Securities forecast that Samsung Electronics, the world's largest memory ...
December 20, 2022
Korea to extend tax cuts to ride out murky economy

The Ministry of Economy and Finance announced Monday plans to extend tax reduction on certain products such as vehicle and energy fuel as well as consumption tax on passenger vehicles. However, the tax cut for gasoline will only be partially reduced due to some stabilization. The fuel tax reductio...
December 20, 2022
[Feature] Korean streaming services overhaul strategies as growth slows

Ad-supported tiers under consideration In November, Netflix launched its ad-supported tier called “Basic with Ads,” a new and cheaper subscription plan that introduces adverts for the first time in 12 countries including Korea. It is the streaming service's effort to recoup its first subscriber ...
December 20, 2022
[Feature] Unstaffed stores with ever-changing prices offer glimpse of future

The store utilizes price indicators that harness visible light communication to set products to the lowest possible cost. The price indicators in the shop communicate with the lights in the store to receive codified data each hour regarding the changed prices -- as the store's lights receive data ...
December 19, 2022
Jungheung Group vice chairman elected to head local housing association

Jungheung Group Vice Chairman Jung Won-ju has been selected as the new chairman of Korea Housing Builders Association. KHBA is one of the two largest housing associations in South Korea. The association has around 7,800 construction companies as its members. The association on Thursday held a gen...
December 19, 2022
Top executives of S. Korean conglomerates join CES, WEF next year

Top executives of South Korea’s largest businesses are embarking on a business charm offensive in a move to expand their global presence. Many executives are now expected to participate in upcoming global business events, such as the World Economic Forum and the Consumer Electronics Show next yea...
December 19, 2022
Can Vietnam mirror success of 'Miracle on the Han River'?

By Son Ji-hyoung Korea Herald Correspondent (consnow@heraldcorp.com)
December 19, 2022
[From the scene] Festivities fill air as 'kinship' of Korea, Vietnam reaches new heights

By Son Ji-hyoung Korea Herald Correspondent (consnow@heraldcorp.com)
December 19, 2022
Elevated Korea-Vietnam ties invite century-long perspective

By Son Ji-hyoung Korea Herald Correspondent (consnow@heraldcorp.com)
December 19, 2022
Minister confirms South Korea’s participation in US-led chip alliance

South Korea is highly expected to join a strategic chip alliance proposed by the United States, as the trade minister stressed the country “cannot miss out” in the semiconductor industry, a key pillar of the Korean economy. Minister of Trade, Industry and Energy Lee Chang-yang said the governmen...
December 19, 2022
Samsung, BMW chiefs ramp up EV battery alliance

Chief executives of Samsung Electronics and BMW Group, two leading business moguls in tech and automotive industries, met on Saturday to strengthen their electric vehicle battery alliance. Samsung Electronics Chairman Lee Jae-yong met with BMW Group Chairman Oliver Zipse at BMW’s driving center i...
December 19, 2022
Retail Investors' top 10 shares log negative return rates

Korea's top 10 most popular stocks among retail investors, including tech titan Samsung Electronics and internet giants Naver and Kakao recorded negative return rates this year, as shares end lower on growing recession fears. The top 10 shares most bought by individual investors in Korea were Sams...
December 19, 2022
LG Electronics chosen as Corporate Startup Stars in CSS Award

LG Electronics has been chosen as one of the most active corporations working with startups and was honored for its collaboration practices in East Asia at the seventh Corporate Startup Starts Awards. According to LG Electronics on Sunday, it has been named a East Asia Corporate Startup Star for i...

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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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