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The Korea Herald

Markets

December 14, 2022
Pre-pandemic level travel rebound yet to come: Incheon Airport CEO

Although the endemic phase is nearing, Incheon International Airport said Tuesday it will take another three years for South Korea's largest airport to recover the number of international passengers to pre-pandemic levels. “Due to the prolonged COVID-19 shutdowns from China and other countries, w...
December 14, 2022
Posco named world's most competitive steelmaker for 13th year

South Korean steel giant Posco said Tuesday it was named the world’s most competitive steelmaker for the 13th consecutive year. In an annual global industry assessment of 35 steelmakers from around the world, steel information service provider World Steel Dynamics (WSD) gave Posco an average scor...
December 14, 2022
Big shot bureaucrat named to lead NongHyup Financial Group

After NongHyup Financial Group announced on Monday it selected Lee Suk-joon, 63, as the new chairman, the news made headlines as Lee is the first former high-ranking official to become a financial group’s head under the Yoon Suk-yeol administration. According to the financial group, it held meeti...
December 14, 2022
Despite hiccups, regulator keeps distance from crypto listing approval

The Financial Services Commission denied a report that it is considering enforcement power to control the listing of cryptocurrencies through mandating approval from the country's top financial regulator. A local news report claimed Monday that financial authorities, including the FSC and Korea Fi...
December 14, 2022
[Herald Interview] Going global not an option, but a matter of survival: Startups minister

The minister, however, voiced concerns for women-led startups, saying that 41 percent of SMEs here are led by female CEOs as of 2020, but only 4 percent of the nation’s total investment made goes to those to those companies. In a move to crack the glass ceiling, the ministry looks to expand fundi...
December 14, 2022
Pulmuone supplies plant-based food to 18 US universities

South Korean food giant Pulmuone’s US affiliate Pulmuone Foods USA said Tuesday it has secured deals with 18 major US university campuses to supply plant-based foods. Pulmuone had forayed into the US market in 2014, working with one of the US’ largest college food service providers UMass Dining ...
December 13, 2022
Samsung to hold global strategy meeting amid business uncertainties

Samsung Electronics, which completed its annual executive reshuffle Friday, will embark on a global strategy meeting starting this week to establish business strategies for next year amid persistent uncertainties over the macroeconomic environment. Samsung’s global strategy meeting, which is held...
December 13, 2022
Hyundai Motor eyes top spot with 2nd Vietnam plant

“The transition into EV is not going to be swift process,” Jang said. “More than half of Vietnam’s 98 million population is presumed to own a motorbike because it’s cheaper compared with four-wheelers. We believe the government’s efforts and role will play a big part in boosting the transiti...
December 13, 2022
Hyundai inches away from reaching double-digit market share in Brazil

Hyundai Motor Group is a small step from seeing double-digit market share in Brazil, 10 years after it first entered the automobile market there. According to data from the Brazil Automobile Dealers Association, Hyundai sold 171,312 vehicles in Brazil in the January-November period, recording a 9....
December 13, 2022
Nearly 70,000 under 20s subject to gift tax

More than 70,000 people under the age of 30 are obliged to pay a gift tax for receiving assets in 2021, marking a two-fold increase from the year before, data showed Monday. According to Rep. Jin Sun-mee from the Democratic Party of Korea, 70,115 people under 30 are obliged to pay a gift tax for r...
December 13, 2022
Regulator looks into possibility of Apple Pay violating privacy law

South Korea's financial regulator is reviewing the possibility of Apple Pay’s payment process violating a law to protect personal credit information, ahead of its launch in Korea. This review came after the Financial Supervisory Service official said it has completed a review of Apple Pay’s term...
December 13, 2022
Scarcity of cold medicines looms in S. Korea following shortage in China

South Korea may experience trouble in importing raw materials for cold medicines in the near future due to a cold medicine shortage in China, according to industry insiders Tuesday. China, South Korea’s main importer of raw materials for cold medicine, is currently experiencing a dearth of cold m...
December 12, 2022
Vietnam at the center of Samsung’s renewed R&D push

HANOI, Vietnam – Gone are the days when Vietnam served as a cheap manufacturing base for global companies. Samsung Electronics, among others, have more recently been investing heavily to nurture a new research hub there. Ahead of the opening of its new research and development center later this m...
December 12, 2022
Will Apple Pay contend in land of Samsung Pay?

Apple Pay's long-awaited South Korean debut seems imminent, even as local partner Hyundai Card’s lips appear tightly sealed. On Friday, a photo went viral on Asamo, a Naver blog for Apple products users. It showed a kiosk machine at Kimganae, a local gimbap chain, with a sign that read “Payment ...
December 12, 2022
Korea's patent chief named among most influential IP experts

South Korea’s intellectual property agency chief has been chosen as one of the 50 most influential people from the intellectual property industry this year by UK magazine Managing IP. Korean Intellectual Property Office Commissioner Lee Insil was named on the list released Tuesday, which also inc...

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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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