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The Korea Herald

Markets

November 10, 2022
Korea declares road map to become hydrogen industry powerhouse

SEJONG -- South Korea on Wednesday unveiled a road map to take the lead in the global hydrogen industry over the next seven years, stressing the energy business would drive the growth of the nation's economy. At the meeting, presided over by Prime Minister Han Duck-soo, the Ministry of Trade, Indu...
November 10, 2022
Uncertain year ahead for Korean banks amid looming debt crisis, CEO term-ends

Chiefs of South Korea’s top banks are fast approaching the end of their current terms amid concerns of a looming debt crisis in the financial sector, sources said Wednesday. Starting with NH Financial Group Chairman Son Byung-hwan’s term ending next month, Shinhan Financial Group Chairman Cho Yo...
November 10, 2022
Regulator to ease bank capital rules amid liquidity concerns

South Korea’s top financial regulator on Wednesday eased capital rules for banks seeking to contribute to the government-led fund aimed at stabilizing the local bond and stock markets, in a bid to contain the spillover of liquidity stress. A local insurer’s decision two days ago to reverse its p...
November 10, 2022
Samsung not interested in slidable phones: analyst

Foldable phones may have prompted the demand for devices with an expandable screen, but Samsung Electronics seems not interested in slidable phones due to lukewarm marketability, an analyst said Wednesday. “The market for foldable phones overlaps with that for slidable phones. It will be difficul...
November 10, 2022
S. Korea, Africa seek cooperation to boost sustainable agriculture

SEOGWIPO, Jeju Island -- Researchers and government officials from South Korea and Africa gathered on Wednesday in a bid to discuss cooperative measures aiming to boost sustainable development of agriculture in the second-largest continent based on innovative technology. “Although Africa is one o...
November 10, 2022
Minister calls regulatory reform, globalization key to boosting startup ecosystem

South Korea’s biggest startup festival event Comeup 2022 kicked off in Seoul on Wednesday, with SMEs and Startups Minister Lee Young stressing regulatory reform and globalization as the two keywords for the nation’s startup ecosystem. “Regulations that are limiting potential of innovative start...
November 10, 2022
Popeyes to come back after 2-year hiatus

Popeyes, a US fried chicken fast food chain, said Wednesday it is returning to the South Korean market in the coming weeks after a nearly two-year hiatus. The chain had ceased operations here in December 2020, citing business difficulties and poor sales as key reasons. Popeyes is set to open its ...
November 10, 2022
KT&G debuts all-new heated cigarettes geared with AI

South Korean tobacco company KT&G unveiled its series of new heat-not-burn tobacco devices equipped with artificial intelligence on Wednesday, with aims to maintain its leading position in the growing domestic electronic cigarette market. The new HNB cigarettes, or electronic devices which heat pr...
November 09, 2022
KDI warns of zero growth in 2050 without structural reforms

SEJONG -- South Korea's state-run think tank warned Tuesday that the nation's economy could slow practically to a standstill in 2050 unless its falling productivity is elevated through structural reform efforts. The Korea Development Institute released a report on the long-term outlook of the Kore...
November 09, 2022
Korean state pension fund’s growth hindered by gov’t intervention, insider says

South Korea’s state pension fund, the country’s main retirement plan, is in need of a major reform centered on cutting off excessive government intervention, an insider said Monday. Jeong Woo-yong, a member of the National Pension Service’s Fiduciary Liability Committee, pointed out that the fu...
November 09, 2022
Hanwha Life Insurance unveils ‘virtual human’ amid rush to metaverse

Hanwha Life Insurance said Tuesday that Hannah -- the insurer’s latest ‘virtual human’ that will engage customers from now on -- will be the face of the company’s digital efforts to make the metaverse a reality. The latest 3D graphics technology and artificial intelligence played a crucial rol...
November 09, 2022
Korean lunar orbiter Danuri plays BTS' 'Dynamite' from space

The Ministry of Science and ICT said Monday that South Korea's uncrewed space vehicle Danuri transmitted BTS’ "Dynamite" music video to Earth, successfully relaying data from space to Earth. According to the Ministry of Science, Danuri, also known as the Korea Pathfinder Lunar Orbiter, underwent ...
November 09, 2022
Jeju holds first-ever expo on future farming machinery

SEOGWIPO, Jeju -- South Korea’s first-ever expo on automotive and self-operating agriculture machinery kicked off Tuesday on Jeju Island, addressing commitment for sustainable agriculture powered by innovative technology. “The country’s agriculture industry is facing great challenges, including...
November 09, 2022
Is Hyundai Motor bolstering its China strategy?

Hyundai Motor is once again betting big on the Chinese market, this time on commercial vehicles through a deal with a state-run international investment bank on Tuesday. The deal is part of a new strategy for the Korean carmaker, which is targeting the world’s largest market where foreign carmaker...
November 09, 2022
G-Star 2022 expected to draw over 250,000 visitors

South Korea’s largest gaming convention G-Star is coming back at full strength for the first time in three years as the country’s major game developers are gearing up to showcase their new titles at the event next week. Taking place at the Busan Exhibition and Convention Center, commonly known a...

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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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