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The Korea Herald

Markets

September 19, 2022
Incheon Airport to host ACI CX Global Summit next year in Incheon

Korea Herald correspondent KRAKOW, Poland—Incheon Airport will be hosting a global summit on airport customer experience held by the Airports Council International in Incheon next year. The announcement was made during the closing ceremony of the ACI CX Global Summit 2022 held in Krakow, Poland,...
September 19, 2022
NTS chief says 'no discrimination' for foreign firms

National Tax Service Commissioner Kim Chang-ki said that the tax agency will ensure transparent and impartial tax services for foreign firms operating here at a roundtable meeting with the American Chamber of Commerce in Korea on Friday. "We are thankful for the deep trust and constant investment ...
September 16, 2022
Samsung Electronics targets zero-carbon transition by 2050

Samsung Electronics said Thursday it has joined the RE100 initiative to set net-zero targets by 2050 and ensure the full use of renewable energy, making a major shift in the IT devices manufacturing giant that consumed the largest amount of electricity in the world. By pledging to use less electri...
September 16, 2022
Hyundai wins $3.5m for air pollution reduction project in the US

Hyundai Motor Group said Thursday that it has won $3.5 million in funding from the US Environmental Protection Agency (EPA) to participate in an air pollution reduction project. Under the project, the Korean carmaker will replace five diesel trucks with its hydrogen-powered Xcient Fuel Cell trucks,...
September 16, 2022
Woori Card partners with IU to attract Gen Z, millennial customers

Woori Card has partnered with K-pop singer and actor IU for a new credit card campaign to catch eyes of Generation Z and millennial customers, the firm said Thursday. The campaign dubbed “Nu I&U” will involve social media contents featuring the singer and a credit card with a list of perks for i...
September 16, 2022
VW Korea launches its first electric SUV

In its first debut outside of Europe, Volkswagen Korea launched its pure electric sports utility vehicle, ID.4, in Seoul on Thursday, stressing that the local market is "essential" for the German carmaker's e-mobility business. "Korea is one of the fastest pioneering EV countries. We decided to ma...
September 16, 2022
LG Uplus vows to go all in on platform businesses

LG Uplus, South Korea’s third-largest telecom operator by market share, has pledged to increase the sales proportion of non-telecommunication services to 40 percent of the total by 2027 with a focus on developing platform businesses. “Now moving beyond the area of traditional telecom businesses,...
September 16, 2022
Terraform founder could face ‘severe punishment,’ say legal experts

Terraform Labs founder and CEO Do Kwon now may face severe punishment even a life sentence with South Korean prosecutors recently charging him for violating the capital market law, not just on fraud allegations, legal experts said Thursday. The Seoul Southern District Prosecutors Office said Wedne...
September 16, 2022
Incheon Airport's customer service certified with highest mark by ACI

Korea Herald correspondent KRAKOW, Poland-- Incheon Airport has become the world’s first airport to be granted level 5 Customer Experience Accreditation by the Airports Council International on Wednesday, in recognition of its customer service and systematic operations to cope with increased trav...
September 16, 2022
FSS to step up market scrutiny amid volatility

South Korea’s top financial watchdog chief said Thursday that the agency would step up checks on financial institutions bearing the bigger brunt of market volatility prompted by global inflation, while reinforcing internal oversight in the sector. The local currency hit an intraday low of 1,397.9...
September 15, 2022
Should it be illegal to send work-related messages after hours?

South Koreans are debating whether it is necessary to ban giving work instructions via Kakao Talk or other means of communication outside work hours after a relevant bill was submitted last week. Rep. Noh Woong-rae of the main opposition Democratic Party proposed the revised bill that prohibits ma...
September 15, 2022
Hyundai Card CEO steps down after 1 year for 'personal reasons'

Hyundai Card CEO Kim Deok-hwan has resigned as chief executive at one of the largest credit card issuers in South Korea just one year after he was appointed, regulatory filings showed Tuesday. Kim officially stepped down on Friday with Hyundai Card citing “personal reasons” behind his resignatio...
September 15, 2022
SK to invest W67tr to spur provincial economy

SK Group on Wednesday announced new plans to invest 67 trillion won ($48 billion) in provincial areas, including a cutting-edge semiconductor plant, for the next five years as part of efforts to expand production facilities at home and facilitate local economies. Earlier this year, the nation’s s...
September 15, 2022
World's largest OLED TV set for local release on Sept. 21

LG Electronics said Wednesday it plans to release the world's largest 97-inch premium television using the flat-panel organic light-emitting diode display for home cinema experience in South Korea on Sept. 21. Dubbed the LG OLED evo Gallery Edition, the massive TV measures more than 2.4 meters acr...
September 15, 2022
SKT-led consortium to commercialize Jeju UAM route for tourism

By 2025, tourists visiting Jeju Island will be able to hop on Urban Air Mobility or air taxis to head to major tourism spots, a consortium comprising Hanwha Systems, SK Telecom and Korea Airports Corp. said Wednesday. At an agreement signing ceremony with Jeju Special Self-Governing Province Wedne...

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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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