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The Korea Herald

Markets

September 30, 2022
[Herald Interview] Volvo CE bets big on potential of electric excavators

Volvo Construction Equipment is betting big on its first full-electric excavator ECR25 Electric to take the lead in the construction equipment industry’s nascent but promising transition toward electromobility, according to its Asian chief on Wednesday. “The Korean market already has developed t...
September 30, 2022
Balanced approach urged for blockchain industry

Business leaders and experts called for a more balanced approach to regulating the blockchain industry more effectively during a seminar hosted by the American Chamber of Commerce in Korea in Seoul on Thursday. Dunamu CEO Lee Sir-goo criticized the Korean government for putting too much regulatory...
September 30, 2022
Corporate card spending on golf reaches W1.9tr

Corporations spent 1.9 trillion won ($1.3 billion) at golf clubs across the country last year, according to a study on company credit card spending released Thursday by the Golf Consumer Agency of Korea. The study, which was conducted based on data provided by Rep. Yun Chang-hyun’s office, reveal...
September 30, 2022
KEF holds annual meeting with Chinese ambassador

The Korea Enterprises Federation held a meeting with Chinese Ambassador to Korea Xing Haiming at a Seoul hotel on Thursday to discuss ways to further bolster economic ties between the two countries. KEF Chairman Sohn Kyung-shik and other business leaders representing major companies, including Han...
September 29, 2022
Korean businesses show greater appetite for vegan foods

With fast-growing interest in eco-friendly lifestyles, South Korean food companies are expanding plant-based menu items and restaurants to cater to the growing global vegan population of some 180 million. Nongshim, the country’s leading instant noodle maker, said Thursday it has launched eight ki...
September 29, 2022
Amid inflation bill concerns, Korea aims to take 12% in global EV market

SEJONG -- South Korea’s policymakers on Wednesday unveiled their goal of taking up 12 percent of the global auto market and expanding the country's capacity in manufacturing electric vehicles with 3.3 million units a year, expressing its confidence in tackling concerns over US' inflation reduction...
September 29, 2022
Samsung insurers to invest $650m in Blackstone alternatives portfolio

Samsung Group’s insurance units signed a deal worth $650 million with US-based private equity firm Blackstone to expand its global alternative asset portfolio, the Korean insurers said Wednesday. Samsung Life Insurance and non-life insurer Samsung Fire & Marine Insurance will invest in overseas r...
September 29, 2022
Korea eyes world No. 3 spot in digital competitiveness by 2027

The South Korean government on Wednesday unveiled a blueprint to become a global leader in digital innovation with the goal of becoming the world's third most digitally competitive by 2027. "We will bring up our global (artificial intelligence) competitiveness to No. 3 in the world and double the ...
September 29, 2022
LG publishes 1st groupwide ESG report

From the social issue standpoint, LG either donated or invested a combined 150.9 billion won ($104.8 million) to local communities in 2021, up over 60 percent from 2020. Also, LG's eight affiliates have jointly mobilized a total of 980.1 billion won by 2021 to run a loan program for its suppliers. ...
September 29, 2022
Posco, Apporium team up to produce blue hydrogen

Posco Group said Wednesday its two affiliates – Posco Holdings and Posco E&C – have signed a memorandum of understanding with the nation’s largest hydrogen production and sales company Approtium in a fresh push for hydrogen business. Under the agreement, the three companies will invest a combin...
September 29, 2022
[Herald Interview] Why Korean chip engineers should watch next-gen standard

More servers require faster semiconductor speeds in high performance computing technologies, to meet the growing demand for big data analytics and autonomous mobility. But a disparity in transfer speed between processors and memory chips have long been an obstacle for further computing system perf...
September 29, 2022
Samsung Biologics earns gold status in EcoVadis' CSR rating

Samsung Biologics has scored a “Gold Sustainability Rating” from global business evaluator EcoVadis for its sustainability efforts, the South Korean contract development and manufacturing organization company said Wednesday. According to Samsung Biologics, the CDMO giant received a score of 71 o...
September 29, 2022
Samsung’s SmartThings devices exceed 10 million units

Samsung Electronics’ smart home platform SmartThings has hit the 10 million mark in connecting devices and home appliances around the world as of Sept. 12, the South Korean tech giant said Wednesday. Launched in 2018, the app aims to connect small and larger appliances from refrigerators and wash...
September 28, 2022
Experts talk about utilizing tech for business opportunities

At the second roundtable talk that followed, experts on non-fungible tokens said the digital assets can be more than mere tools to certify ownership. "NFT holders form communities of their own, as NFTs -- functioning as unique art items with fluctuating economic value -- constantly create topics o...
September 28, 2022
GS E&C partners with BASF to modularize carbon capture solution

GS Engineering and Construction has partnered up with German chemical giant BASF to jointly modularize a carbon capture solution, which would work as the framework for their future projects, the South Korean firm said Tuesday. The latest deal would focus on co-developing and translating BASF’s OA...

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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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