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The Korea Herald

Markets

November 07, 2022
LS Electric seeks to bolster cooperation with Thailand

South Korean power solutions producer LS Electric said Friday that a Thai delegation, led by Ambassador to Korea Witchu Vejajiva, recently visited its smart factory in Cheongju, North Chungcheong Province, and discussed ways to bolster business cooperation. During the visit on Thursday, the ambass...
November 07, 2022
[Exclusive] Legoland Korea operator confident on future investment

Legoland Korea Resort, a theme park in Chuncheon, Gangwon Province that opened in May in partnership with a local developer, does not plan to cut back on its operations and will fund any further expansion itself, regardless of the developer’s recent default, the UK-based attractions operator Merli...
November 06, 2022
Finance minister vows tax breaks for venture capitalists

SEJONG -- The nation’s top economic policymaker on Friday unveiled plans to help facilitate investments in cash-strapped startups, suggesting hefty tax benefits for both corporate and individual investors. At a ministerial meeting in Seoul, Deputy Prime Minister and Finance Minister Choo Kyung-ho...
November 06, 2022
Samsung Biologics underscores commitment to sustainability

FRANKFURT, Germany -- Samsung Biologics’ top official on Wednesday stressed the importance of contract development and manufacturing organization companies’ efforts to reduce greenhouse gas emissions and how the South Korean CDMO giant is working toward achieving environmental friendliness. “CD...
November 06, 2022
Economic sentiment in news hits worst since onset of pandemic

The economic sentiment among South Koreans shown in news reports has hit its worst since the beginning of the COVID-19 pandemic, amid growing market concern over US-led interest rate hikes and the Korean won’s descent against the greenback. The Bank of Korea said on Thursday that the News Sentime...
November 06, 2022
Korea to expand funding for venture capitals to invest in startups

The Ministry of SMEs and Startups said Friday that it will expand its funding for venture capitals’ investment in startups to a total of 8 trillion won ($5.6 billion) by 2026 to spur startups’ growth. “Battered by inflation, high interest rates and a strong US dollar, investments into Korean st...
November 06, 2022
Millie’s Library pushes ahead with IPO despite lukewarm market

Millie’s Library, one of South Korea’s largest e-book subscription platforms, said Friday it will make its stock debut on the tech-heavy secondary bourse Kosdaq later this month, despite the unfavorable market sentiment. “This is the time to invest in growth. We aim to grow into a multicontent ...
November 06, 2022
KT&G to buy back shares worth W350b to boost shareholder returns

South Korean tobacco company KT&G said Friday it plans to buy back 350 billion won ($245.1 million) of its own shares in a bid to boost shareholder returns. The firm is also considering increasing dividends per share by more than 200 won compared to last year. It is the second share buyback since...
November 06, 2022
S. Korea braces for impact as US delivers fourth big rate hike

South Korea’s financial authorities said Thursday they would closely monitor for any signs of increasing volatility in the financial markets following a big US rate hike -- the fourth consecutive 75-point increase since June amid persistent inflation. “Uncertainties are certainly growing and we’...
November 06, 2022
[Herald Interview] ‘One arm gets influenza, other arm gets COVID’

The novel coronavirus is likely to evolve into a flu-like respiratory virus by the end of 2023, or in 2024, once the COVID-19 pandemic reaches its endemic phase, eventually requiring people to get vaccinated year after year, a senior leader at Moderna said. “During the endemic period, the (COVID-...
November 06, 2022
Chinese EV battery makers gobbling up market share from Korean rivals

Chinese electric vehicle battery makers are quickly gobbling up market share from their South Korean rivals, largely buoyed by a surging demand at home, data showed Thursday. According to Seoul-based market tracker SNE Research, China’s CATL retained its top spot in global sales in the January-Se...
November 06, 2022
Samsung appoints trade, energy specialists as new outside directors

Samsung Electronics on Thursday held an extraordinary shareholders meeting – the first in six years – to appoint two outside directors – Yoo Myung-hee, a former trade minister, and Heo Eun-nyeong, an economics professor. Yoo served as the nation’s top negotiator for free trade talks during the...
November 06, 2022
Congestion levels of rush hour subways similar to that of Itaewon tragedy: data

Commuter data published Thursday by South Korean telecommunications provider SKT showed that during the peak of rush hour, Seoul’s subways have similar levels of congestion as the Itaewon alley during Saturday’s crowd surge tragedy, raising safety concerns. According to data collected between Au...
November 06, 2022
[From the Scene] Korean firms' presence at CPhI triples this year

FRANKFURT, Germany -- The Convention on Pharmaceutical Ingredients (CPhI) Worldwide connected thousands within its community from Tuesday to Thursday in Frankfurt, Germany. Included on this global stage were 62 South Korean pharmaceutical and biopharmaceutical companies, tripling the country’s pre...
November 03, 2022
Korea sees inflation expand on hikes in public utility bills

SEJONG -- South Korea’s consumer price growth, a key indication of inflation, posted a higher figure in October compared to the previous month in the wake of sharp hikes in public utility charges despite decelerated growth in energy prices, state data showed Wednesday. According to Statistics Kor...

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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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