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The Korea Herald

Markets

September 28, 2022
Saemaul Geumgo mulls new branches in Fiji

The Korean Federation of Community Credit Cooperatives is expanding international cooperation to help alleviate poverty in developing countries by sharing Koreans’ experience of doing so through savings. Under the guidance of the Ministry of the Interior and Safety, community credit cooperatives,...
September 28, 2022
Posco goes all-out to stabilize stainless steel supply

Posco said Tuesday it is making an all-out effort to stabilize the supply chains for stainless steel products after production at its steel mills in Pohang, North Gyeongsang Province, was hit by a recent flood. In particular, the company plans to covert export-oriented products into those for the ...
September 28, 2022
Thailand's Line Man Wongnai snaps ups $265m in funding

Global messaging app provider Line Corp. said Tuesday that Line Man Wongnai, its delivery platform operated in Thailand, has raised $265 million in a funding round led by Line Corp. and Singapore's sovereign wealth fund GIC. Other investors in the Series B funding include BRV Capital Management, P...
September 28, 2022
Recession fears raise concerns on shaky Kospi

South Korea’s benchmark Kospi tumbled to a fresh intraday low Tuesday in 26 months, led by a sell-off by foreign investors pricing in a sharp US downturn prompted by tighter policy to corral inflation. The index pared the losses later the day, adding 2.92 points or 0.13 percent to 2,223.86. In th...
September 28, 2022
'Memory downcycle could last until 2025'

SUWON, Gyeonggi Province -- The memory chip upcycle has already peaked this year, while the downcycle is projected to continue until 2025 in a worst-case scenario, an executive from the US-based market intelligence IDC said Tuesday. Kim Soo-kyoum, associate vice president of semiconductor at IDC, ...
September 28, 2022
[Herald Design Forum 2022] From mobility to personal space, vehicle function continues to evolve

"As lifestyle trends change, the interior design of a car changes as well. For example, in the past when smoking in the car was prevalent, cars used to have ashtrays. But now, these ashtrays are gone and instead there are USB ports,” Bak pointed out. After graduating with a master’s degree in in...
September 28, 2022
[Herald Design Forum 2022] Former Jaguar designer urges to transform in thinking of cars

Ian Callum, the man behind the British carmaker Jaguar’s renaissance in recent decades, urged designers to transform the way they interpret transportation as a mere object for mobility, saying that the world that is rapidly changing and facing an array of problems that didn't exist before. “Desi...
September 28, 2022
SK chief renews commitment to shared growth with local community

SK Group on Monday launched the Ulsan Forum, a regional communication channel where SK companies, experts, academics and the local community talk about the future growth direction of the city and the provincial economy. The launch comes as SK Innovation marked the 60th anniversary of its Ulsan CLX...
September 28, 2022
Celltrion’s anticancer biosimilar Vegzelma authorized for sales in Japan

Celltrion’s Vegzelma, a bevacizumab anticancer biosimilar referencing Avastin, has been approved for sales in Japan, the South Korean biopharmaceutical company said Tuesday. According to Celltrion, the Japanese Ministry of Health, Labor and Welfare on Monday granted Vegzelma marketing approval fo...
September 28, 2022
Bertis enters Singapore with breast cancer diagnosis product

South Korean biotechnology company Bertis has signed a contract with the Raffles Medical Group to supply its early stage breast cancer detection product Mastocheck, the world’s first proteomics-based blood diagnosis solution. According to Bertis, the two sides on Monday signed a deal to supply Ma...
September 27, 2022
Korea, Japan airport officials pledge all-out efforts for travel recovery

Airport officials of South Korea and Japan on Monday pledged to make all-out efforts to facilitate travels between the two countries, with the resumption of visa-free, individual tours to Japan starting Oct. 11. According to the Korea Airports Corp., the state-run agency’s President and CEO Yoon ...
September 27, 2022
Korea to rank 12th among G-20 nations in 2022 growth: OECD

SEJONG -- The Organization for Economic Cooperation and Development forecast Monday that South Korea will rank 12th among members of the Group of 20 for 2022 gross domestic product growth, hinting that the nation will see weakened momentum for economic growth. In its Interim Economic Outlook, the ...
September 27, 2022
Mirae Asset backs out of W4.1tr IFC deal

South Korea’s Mirae Asset Global Investments is pulling out of a 4.1 trillion won ($2.86 billion) deal to acquire IFC Seoul, a landmark complex in Yeouido, western Seoul, from Canada’s Brookfield Asset Management, industry sources said Monday. In May, Mirae Asset was picked as the preferred bidd...
September 27, 2022
Korea nears fresh currency crisis but officials downplay concerns

Fears are growing that the South Korean won could continue to lose its value against the US dollar close to the level it suffered during the 2008 global financial crisis, but authorities have dismissed speculation over a repeat of such nightmare, saying the currency reserves are strong enough to fi...
September 27, 2022
Hanwha signs conditional takeover deal with DSME for W2tr

South Korea's defense-to-energy conglomerate Hanwha Group said Monday it has signed a conditional memorandum of understanding with Daewoo Shipbuilding & Marine Engineering to acquire a controlling stake of 49.3 percent and managerial control of the shipbuilder, which has been under the state superv...

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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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