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The Korea Herald

Markets

October 12, 2022
Watchdog vows to complete inspection of troubled funds by next year

The head of South Korea’s financial watchdog pledged Tuesday that he will complete an inspection into the troubled funds and products that led to investors suffering hefty losses in recent years. The vow follows public criticism that the Financial Supervisory Service failed to screen and prevent ...
October 12, 2022
BAT says Glo contains less toxicants

A study has found that heated tobacco product Glo contained less toxicants than traditional cigarettes, and could help reduce potential harm of smoking-related diseases, the Seoul branch of its manufacturer BAT Group said Tuesday. “Our recent one-year clinical trial found that our flagship heated...
October 12, 2022
IMF predicts gloomy outlook for Korea, urges monetary tightening

SEJONG -- The International Monetary Fund on Tuesday suggested a gloomy prediction for the 2023 economy of the world as well as South Korea, citing protracted downside risks such as high inflation and cheap currencies against the US dollar. In its World Economic Outlook, the US-based organization ...
October 12, 2022
Samsung vows W7.5tr investment in Biologics over next 10 years

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
October 11, 2022
[From the scene] Ulsan vows green transition in 60th year

Alongside the manufacturing process, heavy industries in Korea are now turning to products powered by, or carrying, renewable energy. For example, automotive firm Hyundai Motor in July announced a plan to build 150,000 electric vehicles a year beginning in as early as 2025, while shipbuilders in Ul...
October 11, 2022
[From the Scene] At LG plant, unmanned robots boost output, ensure workplace safety

Made in collaboration with LG’s telecom carrier unit LG Uplus, such "automated guided vehicles" are the first in the world to roam around with stuffs loaded while providing fifth-generation internet connection in a manufacturing factory. The automated manufacturing processes are further overseen ...
October 11, 2022
Posco, LG sign comprehensive agreement for EV battery material supply

By Son Ji-hyoung ( consnow@heraldcorp.com )
October 11, 2022
Hanwha E&C withdraws from W14tr construction project in Iraq

Hanwha Engineering and Construction will withdraw from the 14 trillion won ($10.1 billion) Bismayah New City construction project in Iraq as the Iraqi government has failed to make payment. According to Hanwha E&C on Monday, its parent firm Hanwha Corp. informed the Iraq National Investment Commis...
October 11, 2022
4 in 5 foreigner apartment purchases by Chinese, US nationals over past 7 years

SEJONG -- More than 80 percent of all apartment purchases by foreigners over the past seven years were made by US and Chinese nationals, an opposition party lawmaker said on Monday. According to relevant documents, which were handed over to Rep. Yang Kyung-sook of the Democratic Party of Korea fro...
October 11, 2022
Amid weakening won, US cross-border shopping less attractive to Koreans

With the Korean won falling sharply against the US dollar, cross-border shopping on US platforms has become less attractive to Korean shoppers in a peak season that includes Black Friday in the US, sources said Monday. According to Statistics Korea data, transaction volume of cross-border shopping...
October 11, 2022
BOK says riskier borrowers close to bankruptcy ahead of rate hike

Some 381,000 households would be unable to repay their loans even if they liquidated everything they have including their homes, as of December last year, Bank of Korea data showed Monday. The report -- revealed by Rep. Kang Jun-hyeon of the main opposition Democratic Party of Korea as part of the...
October 11, 2022
Naver, Kakao shares lose W63tr of market cap

Naver and Kakao, tech stocks that had moved the market during the COVID-19 pandemic, have recently become big disappointments to investors, having lost over a combined 63.3 trillion won ($44.4 billion) in market value since the beginning of the year. South Korea’s No. 1 search engine operator Nav...
October 10, 2022
Jeju to host first-ever exhibit on future agricultural machinery

The first-ever expo for electric and autonomous driving agricultural machinery will be held from Nov. 8 to 10 in Jeju, according to the expo organizing committee Sunday. Officially titled ‘IEVE : The 1st Electric and Autonomous Agricuture,' the expo is co-hosted by the International Electric Vehi...
October 10, 2022
Korean duty-free shops strive to reduce reliance on China

Korean duty-free shops, hit hard by protracted COVID-19 lockdowns in China, are seeking to reduce their reliance on Chinese sales, turning their eyes to alternative markets like Southeast Asia. Before the pandemic, China’s deep-pocketed tourists and resellers used to be their key revenue sources ...
October 10, 2022
Antitrust regulator likely to enhance investigative role

South Korea's antitrust regulator, the Fair Trade Commission, is likely to go through an organizational reform to enhance its role in investigating antitrust cases and while focusing less on policy formulation, related ministries said Sunday. The plan set to be carried out by the end of this year,...

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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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