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The Korea Herald

Markets

September 22, 2022
BMW, Mercedes-Benz, Volkswagen lead recall tally in South Korea

Germany’s top three carmakers – BMW, Mercedes-Benz and Volkswagen – topped the list of the most recalled cars in South Korea over the past five years, a recent report showed Wednesday. According to the report based on data from the Ministry of Land, Infrastructure and Transport, vehicles produc...
September 22, 2022
[From the Scene] Manpower shortage amid travel surge strikes Schiphol Airport

Korea Herald correspondent AMSTERDAM -- Upon arrival at Schiphol Airport, the third-busiest airport in the world, hundreds were lined up at closed check-in counters. For a flight that was to take off at 9 p.m. bound for Incheon, there were more than 200 people waiting in line already for the chec...
September 22, 2022
[Herald Design Forum 2022] Genesis designer on 3 elements that built the brand’s success

“It resembles the brand’s emblem. The wings on the emblem became the Two-Line rear lamps and the center crest of the emblem became the grille,” he said “The slim Two-Line rear combination lamp represents Genesis’ technological capacity and the design continues to change in time for the electri...
September 22, 2022
[Newsmaker] Researchers discover silver lining in autism treatment

South Korean researchers have discovered how early diagnosis and medication may help ease symptoms of those with autism spectrum disorder, the Institute of Basic Science said Wednesday. Autism is a type of brain development disorder found in about 2 percent of the world population, according to th...
September 22, 2022
Supply disruption looms as Hyundai Steel union threatens to go strike

Concerns over steel supply disruption is rising over unionized workers at South Korea's second-largest steelmaker Hyundai Steel threatening to stage sit-in protests. The workers’ threats come amid stalled wage negotiations at a critical time, as the country’s largest steelmaker Posco is reeling f...
September 22, 2022
Samsung's Lee to meet SoftBank's Masayoshi Son possibly over Arm deal

Samsung Electronics Vice Chairman Lee Jae-yong said Wednesday that he plans to meet SoftBank founder Masayoshi Son next month as the Japansese tycoon visits Seoul. "Next month, Son is expected to visit Seoul," Lee told reporters at Seoul Gimpo Business Aviation Center Wednesday afternoon as he wra...
September 22, 2022
ADB cuts Korea’s 2023 growth outlook to 2.3%

The Asian Development Bank lowered South Korea’s growth outlook for next year by 0.3 percentage point to 2.3 percent in its updated outlook published Wednesday, while keeping its forecast for this year at 2.6 percent. It also maintained Korea’s inflation outlook at 4.5 percent for this year, and...
September 21, 2022
LG Energy Solution to unveil moduleless EV battery in 2025

South Korean lithium-ion battery cell maker LG Energy Solution plans to develop a moduleless concept for pouch-type high-nickel batteries to increase EVs’ space utilization, reduce weight and improve cost competitiveness by 2025. Unlike the existing module-to-pack concept, the new concept, called...
September 21, 2022
S. Korea to spend W200b for R&D digitalization

South Korea will spend 200 billion won ($144 million) on digital integration strategy projects over the next five years to shorten the time researchers take to solve complex problem surrounding new technologies by decades, the Ministry of Science said Tuesday. According to the ministry, the govern...
September 21, 2022
S. Korea to see surge in milk price amid worsening inflation

Dairy product prices are likely to go up again as the price of locally produced milk is expected to increase as much as 500 won ($0.36) per liter, industry sources said Tuesday. Korea Dairy Committee, a private organization that oversees fair distribution of raw milk, carried out the first meeting...
September 21, 2022
Upbit Developer Conference to return in person this week

The Upbit Developer Conference, the nation's largest blockchain developer conference, will be back in person this year after two years of pandemic disruptions. According to Dunamu, the operator of South Korean crypto exchange Upbit, on Tuesday, the 2022 UDC will be held in Busan from Sept. 22 to 2...
September 21, 2022
Saudi public VC funds in town in search of Korean startups

Saudi Arabia’s two major public investment funds have arrived in South Korea to look for local startups to add to their portfolios, the Seoul Metropolitan Government said Tuesday. Jada, a fund-of-funds set up by Saudi sovereign wealth fund Public Investment Fund, and fellow state-run Saudi Ventur...
September 21, 2022
Portion of renewables in Korea's power generation tops 20% for 1st time

SEJONG -- South Korea has seen the portion of power generation facilities for renewable energy of the total generation output exceeding 20 percent for the first time this year, state data showed Tuesday. According to the Korea Power Exchange, the capacity of renewable energy came to 27,103 megawat...
September 21, 2022
Korean adults drank 53 bottles of soju, 83 bottles of beer last year

The average South Korean adult consumed 52.9 bottles of soju and 82.9 bottles of beer last year, a report found Tuesday, equaling to a bottle of soju a week. According to the report based on sales data compiled from the National Tax Service and Korea Customs Service, a total of 825.8 million liter...
September 21, 2022
LG Chem renews commitment to customer value

LG Chem is renewing its commitment to upgrading value for customers, declaring 2022 as the “year of customers,” the company said Tuesday. As part of its efforts, the South Korean chemical specialist is extending its customer service network, called Customer Solution Campuses, around the world. ...

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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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