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The Korea Herald

Markets

October 04, 2022
Infant grandchildren inherited W99b last year

South Korean grandparents gifted their grandchildren aged one or under around 99.1 billion won ($68.8 million) last year, a recent report showed Monday. According to a report based on data from the National Tax Service, the total amount of financial gifts transferred to children up to a year old f...
October 04, 2022
Blockchain company enters ‘token economy’ with STokens

Blockchain-based payment and business development company X-widget said it is entering a “token economy” business where tokens are paid to users when they spend money. Through a blockchain-based discount coupon system that allows users to collect 10 percent of their purchases and gives them a 10...
October 04, 2022
Hyundai Steel expands earthquake-proof H Core lineup

South Korea’s second-largest steelmaker Hyundai Steel said Thursday it would expand the product lineup of its earthquake-resistant structural steel, branded as H Core.H Core was launched in 2017 to include materials used for earthquake-proof designs such as rebar and section steel. Through the rec...
October 04, 2022
Luxury home spa brand LBB issues NFTs for premium care service

La Boutique Bleue, a premium home spa care brand that launched in South Korea in 2021, introduced a non-fungible token certification service, the company said Friday. According to LBB, it has offered VIP membership cards in the form of NFTs to participants that took part in the launch event of the...
October 04, 2022
SPC's Paris Baguette ranked 25th among best franchise brands in US

South Korean food giant SPC Group said Sunday its coffeehouse-to-bakery brand Paris Baguette has ranked 25th among the best franchise brands evaluated by the US-based magazine Franchise Times. According to the Franchise Times Top 500, an annual ranking of the largest franchise brands by sales in t...
October 04, 2022
Tesla’s plan to adopt its own diagnosis system draws concerns

US electric vehicle maker Tesla plans to develop its own vehicle diagnosis system for the first time and apply it to all Tesla models sold in South Korea from October next year, instead of going through mandatory safety checks conducted by the local authority, drawing concerns among the public as T...
October 04, 2022
Hyundai Mobis completes 5G tech essential for autonomous driving

South Korean auto parts and mobility solution maker Hyundai Mobis said Monday that it has developed a 5G-based communication module for cars, a core part for autonomous driving and connected car systems that enables real-time, large-volume data processing. According to Mobis, the new module combin...
October 04, 2022
All eyes on SoftBank chief’s Seoul visit on Arm deal

SoftBank Group Corp. CEO Masayoshi Son arrived in Seoul on Saturday to meet business leaders, including Samsung Electronics Vice Chairman Lee Jae-yong, on a possible deal involving UK chip designer Arm. His visit comes after the Samsung chief hinted at their planned meeting late last month upon ar...
October 04, 2022
[From the Scene] SK expands manufacturing capacity to meet growing global demand

SEJONG -- SK Group, South Korea’s second-largest conglomerate by market capitalization, is looking to expand its contract development and manufacturing organization businesses with the completion of SK Biotek Sejong plant’s third pharmaceutical manufacturing facility. With SK Biotek’s Module 3 ...
September 30, 2022
SC Bank, Toss mull compensation for won-dollar rate error

Standard Chartered Bank Korea and Toss Securities are discussing ways to compensate customers who suffered losses due to a faulty won-dollar exchange rate posted on their mobile trading apps, officials said Thursday. The won-dollar exchange rate on Toss Securities’ mobile trading system was froze...
September 30, 2022
Korea's top 100 property owners have 20,000 homes: data

SEJONG -- South Korea's top 100 multiple home owners hold more than 20,000 housing units collectively, worth more than 2.5 trillion won ($1.7 billion) combined, an opposition party lawmaker said Thursday, citing state data. This indicates that an individual was owning 206 units, worth 25.2 billion...
September 30, 2022
Lotte’s overseas spending exceeds W7tr this year

South Korean retail-to-chemical giant Lotte Group said Thursday its overseas investment has exceeded 7 trillion won ($4.9 billion) this year. So far, the largest overseas project is Lotte Chemical’s Line Project, a $3.9 billion megasized petrochemicals production complex in Banten, Indonesia. It ...
September 30, 2022
Chip wafer maker SK Siltron to invest W2.3tr by 2026

South Korean semiconductor chip wafer supplier SK Siltron announced Thursday that it plans to invest a combined 2.3 trillion won ($1.6 billion) over the course of five years until 2026. The capital will be used to increase the production capacity for its wafer plants in Gumi, North Gyeongsang Prov...
September 30, 2022
Hyundai Motor to bring 1,700 hydrogen cars to Jeju by 2030

Hyundai Motor Group will supply 1,700 hydrogen fuel-cell cars to Jeju Island by 2030 as part of joint efforts to build a green hydrogen ecosystem in the country's resort island. A large green hydrogen production facility is planned to be built in Jeju by 2026. This would enable operations of hydro...
September 30, 2022
SK On, Global Lithium join forces for battery material supply

South Korean lithium-ion battery cell maker SK On and Australian mining company Global Lithium Resources have signed a two-year nonbinding agreement over the supply of critical materials for batteries used in electric cars. The two companies agreed to explore future business opportunities includin...

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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
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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