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The Korea Herald

Markets

October 24, 2022
Digital crisis management body planned in wake of Kakao outage

The South Korean government will set up a digital crisis management headquarters to launch an all-year-round system that inspects and supervises the country’s digital infrastructure and services, the Ministry of Science and ICT said Friday. The government’s plan came in the wake of Kakao’s serv...
October 24, 2022
[Newsmaker] Another worker injured at SPC bread factory

A worker was injured at one of South Korean bakery giant SPC Group’s bread-making factories on Sunday, just two days after its chief extended a public apology in response to a deadly accident in another factory run by the bakery group. A factory worker in his 40s lost a finger when trying to sort...
October 24, 2022
SK chairman calls on CEOs to turn misfortune into gain

SK Group Chairman Chey Tae-won called on chiefs of the group’s affiliates to navigate business uncertainties by setting up case-by-case scenarios in order to turn misfortunes into gains, South Korea's second-largest business conglomerate said Sunday. The implementation of a data-driven action pla...
October 24, 2022
Korea readies emergency liquidity to contain ‘Legoland Crisis’

South Korea’s economic policy chiefs, led by Finance Minister Choo Kyung-ho, said Sunday the government would expand liquidity facilities to buy corporate bonds and commercial paper to stop a recent credit default from spilling over into the wider financial market. “The government will earmark 5...
October 24, 2022
After soaring past W75tr, can ETF market keep growing?

South Korea's exchange-traded funds combined market cap amounted to 75.5 trillion won ($52.6 billion) as of September, some 220 times larger than 344.4 billion won in October 2002, the latest data from the Korea Exchange showed. ETFs -- a type of pooled investment security that tracks a particular...
October 24, 2022
66% of job seekers end search amid lack of entry-level jobs: survey

Nearly 7 out of 10 four-year college graduates have practically given up searching for jobs, showed a survey result published Sunday by the Federation of Korean Industries. According to the survey of 2,469 job-seeking graduates and undergraduates by the lobby group, 65.8 percent of respondents had...
October 23, 2022
Public firms to sell assets worth W20tr by 2027: lawmaker

SEJONG -- South Korea’s public firms are poised to sell off assets, including real estate and stocks -- worth more than 20 trillion won ($14 billion) -- over the next five years, state data showed Friday. According to the combined innovation plan, which was handed over to Rep. Koh Yong-jin of the...
October 23, 2022
SK C&C denies ignoring fire alerts at Kakao data center

SK C&C, the operator of the fire-hit Kakao Corp.’s data center, on Thursday denied a report that it had ignored two fire alerts made hours before the servers went down last week due to a fire in batteries. The company said its battery management system worked properly until the fire broke out at ...
October 23, 2022
Banks' foreign currency liquidity stable but precaution needed: finance ministry

SEJONG -- Financial policymakers on Thursday said banks' foreign currency liquidity conditions remain stable, but raised concerns that the weak won against the US dollar could undermine the asset soundness of financial firms. The remarks were made at a meeting with senior officials from the Financ...
October 23, 2022
[Herald Interview] High-end Champagne RSRV lands in Korea

Global wine and spirits company Pernod Ricard’s luxury wine collection Maison Mumm RSRV made its South Korean debut recently to cater to an ever-evolving, pandemic-fueled drinking culture here: drinking less, but better. “During at-home drinking occasions with a small group of people, you don’t...
October 23, 2022
KakaoTalk raises W2.6tr in ad revenue over 1 1/2 years

KakaoTalk, South Korea’s immensely popular messaging app, has raised nearly 2.6 trillion won ($1.8 billion) in advertising revenue over the past 1 1/2 years, antitrust data showed Friday. According to data submitted by the Fair Trade Commission to Rep. Kang Min-guk of the People Power Party, Kaka...
October 23, 2022
SPC chairman apologizes over death of young factory worker

Heo Young-in, CEO of South Korean bakery giant SPC Group, bowed deep in apology Friday over a young factory worker killed in an accident at one of the company's bread-making factories last week. “I feel strongly responsible for this accident and accept criticism from the public without any excuse...
October 23, 2022
Korean Air named world's 9th best air carrier by Skytrax

Korean Air, the country’s largest air carrier, said Friday it had been named the world’s ninth best air carrier by UK-based airline and airport consultancy Skytrax. The company climbed 13 slots this year to enter the world’s top 10, from 22nd last year. This year’s World’s Best Airline award ...
October 23, 2022
EcoPro-Samsung SDI JV builds world's largest cathode active material plant

South Korean electric vehicle battery material firm EcoPro EM announced Friday that the world's largest cathode material production line has completed construction in Pohang, North Gyeongsang Province. All of the critical material produced in the facility, named CAM7, will be supplied to Samsung S...
October 23, 2022
FuriosaAI to begin producing first silicon chip in November

South Korean artificial intelligence-powered chip design house FuriosaAI plans to mass-produce its first-generation product beginning later this year, its Chief Executive Officer June Paik said Thursday. The semiconductor product, dubbed Warboy, will be mass-produced in tech giant Samsung Electron...

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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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