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The Korea Herald

Markets

November 02, 2022
Celltrion seeks partnership expansion at CPhI Worldwide

FRANKFURT -- Celltrion, a South Korean pharmaceutical giant, is seeking to expand partnerships at this year’s Convention on Pharmaceutical Ingredients Worldwide, the company said Tuesday. Taking place in major European cities each year, CPhI is one of the largest global pharma industry events in ...
November 01, 2022
Science Ministry mulls developing system to warn crowd crush

South Korea's science ministry is considering to develop a system that could warn authorities of potential crowd crush accidents by using digital data and technology to predict risk elements and the route of crowd movements. The new system was proposed at an emergency safety inspection meeting hel...
November 01, 2022
Corporate borrowing surges to fresh high amid liquidity worries

Loans taken out by South Korean companies this month from major local banks increased by 8.8 trillion won ($6.18 billion), the biggest monthly rise in 13 months, sparking concerns over fresh liquidity strains amid global headwinds sapping business confidence. Data from the five lenders -- KB Kookm...
November 01, 2022
Inflation, lack of children's support and pension: reason why more Korean retirees work, says BOK

SEJONG -- The number of seniors engaging in economic activities has increased, seemingly due to their worsened living conditions involving lower-than-expected annuity income as well as reduced cash support from their children, a central bank report showed Monday. According to an analysis on factor...
November 01, 2022
[Herald Interview] Strong intellectual property protection critical for drug inno

Strong intellectual property protection is a key factor for pharmaceutical and biotechnology firms to become global household names, according to a high-ranking official at the International Federation of Pharmaceutical Manufacturers and Associations. “Because our industry is one of the most high...
November 01, 2022
Naver, Kakao open online spaces for mourning

Naver Corp. and Kakao Corp. opened online spaces to mourn the deaths of more than 150 people in a crowd crush that occurred Saturday evening in Itaewon, central Seoul, as some 100,000 people packed the nightlife district to celebrate Halloween. Naver placed an “Itaewon accident” tab next to the ...
November 01, 2022
SK hynix says Arm stake acquisition 'not underway'

South Korean memory chip maker SK hynix said it is not pursuing a plan to acquire a minority stake in the United Kingdom-based semiconductor intellectual property firm Arm, a filing showed Monday. "(SK hynix) has put various strategic options on the table to strengthen our competitive edge and enh...
November 01, 2022
Land Ministry says plans ready to make Korea among world's top 4 builders

South Korea’s Ministry of Land, Infrastructure and Transport will soon announce plans to make the country one of the world's top four in overseas construction capable of winning $50 billion in overseas deals per year by 2027, officials said Monday. Land Minister Won Hee-ryong is expected to empha...
November 01, 2022
Luxury resort brand Capella to land in S. Korea

Global resort brand Capella announced its South Korean debut in Yangyang, Gangwon Province, some 107 kilometers from Seoul. Under the 830 billion won ($584 million) project, the luxury beach resort will be constructed near Songjeon beach by the second half of 2025. The company said Capella Yangya...
November 01, 2022
Naver to inject W5.2b for joint research on AI-based content with Univ. of Toronto

Naver said Monday it will inject 5.2 billion won ($3.6 million) over the next five years, along with Canadian social storytelling platform Wattpad which has become part of the company last year, to conduct joint research on AI-based content service platforms with the University of Toronto. South K...
November 01, 2022
Korea to launch 1st institute on nuclear plant dismantlement

South Korea’s Ministry of Energy said on Monday it would establish the nation’s first research institute dedicated to dismantling nuclear power plants, for the safe disposal of nuclear power plants whose operations have been permanently suspended. In a groundbreaking ceremony held in Ulju-gun, l...
November 01, 2022
Samsung Biologics looks to woo global customers at CPhI Worldwide

FRANKFURT -- Samsung Biologics, the world’s largest contract manufacturing and development organization by production capacity, is looking to attract global customers at this year’s Convention on Pharmaceutical Ingredients Worldwide, officials said Monday. CPhI is one of the biggest internationa...
October 31, 2022
Biz groups express condolences to Halloween victims, urge to rebuild safety system

South Korea’s major business groups on Sunday offered condolences to victims and their families following an overnight crowd surge that killed more than 150 people celebrating Halloween in the bustling district of Itaewon in Seoul on Saturday, also calling for the reestablishment of the public saf...
October 31, 2022
Retailers cancel Halloween-themed marketing events

Retailers called off a series of Halloween-themed marketing events following an overnight crowd surge that killed at least 153 people, among some 100,000 who turned up for Halloween festivities in Itaewon, a popular nightlife district in central Seoul, late Saturday. Many retail companies here had...
October 31, 2022
Apologizing CEOs: New law that holds chiefs accountable for accidents has become biggest fear

Bowed heads, a mumbled apology and camera flashlights. The public apology issued last week by the head of South Korean food and beverage giant SPC was any businessperson's worst nightmare. Chairman Hur Young-in of the food and bakery giant apologized for the death of a 23-year-old worker who was ...

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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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