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The Korea Herald

Markets

September 13, 2022
Korea’s economic growth ebbs on US, China slowdown

South Korea’s gross domestic product -- the value of all goods and services produced -- improved slightly in the second quarter but underperformed that of most OECD countries on the US and China slowdowns, the latest Bank of Korea data showed Monday. The central bank found that the GDP rose 0.7 p...
September 13, 2022
Korean Air in talks with Asian airlines to share US route

South Korea’s flag carrier Korean Air is reportedly in talks with multiple Southeast Asian airlines to share its Incheon-Los Angeles route in an apparent attempt to get antitrust approval from US regulators in its acquisition of the cash-strapped crosstown rival Asiana Airlines, according to indus...
September 13, 2022
Samsung chief visits Mexico during Chuseok holiday

Mexico is home to a Samsung white goods plant, an auto parts plant, as well as a television manufacturing plant in Tijuana, a city bordering with the United States, largely targeting North American market. Lee has often traveled abroad during Korean holidays like Seollal, a Lunar New Year holiday;...
September 13, 2022
Part-timers refuse to be confined by time, space

Kim Min-soo, a senior college student, stands next to his bicycle as he waits for a delivery order on a bustling street in Hongdae, western Seoul, on a Saturday afternoon. After a few minutes of waiting, his phone, adjusted to the handle of his bike, lights up with a message and notifies him of a ...
September 13, 2022
Memory down cycle to unseat Samsung

Samsung Electronics is projected to see a 19 percent drop in quarterly sales during the July-September period, which will drop the tech giant to the second place in the world's semiconductor market by sales following Taiwan-based foundry company TSMC's swift rise to the top, data showed Monday. Th...
September 13, 2022
Foreigners sell W12tr worth of Korean stocks this year

A net selling by foreign investors in stocks traded on South Korea’s main board Kospi since January has reached 11.96 trillion won ($8.6 billion) Thursday, according to data from the Korea Exchange Monday. The data showed shares of Samsung Electronics accounted for a little over 9 trillion won, w...
September 13, 2022
[Herald Interview] ‘Huge amount of future will be happening through Asia’

Grand plans laid out by Seoul and Busan show how South Korea will play a major role as Asia's influence grows, according to futurist Richard Yonck. “One of the things that are very apparent to me is that a huge amount of the future is going to be happening through Asia,” Yonck, founder of Intell...
September 12, 2022
[From the Scene] China’s TCL no longer an underdog

BERLIN -- At this year’s IFA trade show in Berlin, the world’s top two TV makers -- Samsung Electronics and LG Electronics -- both stressed that they will focus on upgrading the user experience and not the hardware itself. The South Korean tech rivals said they aimed to meet different consumer d...
September 12, 2022
After Chuseok, Koreans to face more restaurant inflation

With inflation showing no signs of abating, South Koreans are likely to suffer more financial burden from eating out after the Chuseok holiday, as even low-cost foods like gimbap see a surge in price. The average price of gimbap, one of the more budget-friendly meals, in Seoul surged 2.6 percent t...
September 12, 2022
[Herald Interview] 'COVID-19 is not over -- people are still getting sick'

It has been almost 1,000 days since the first case of COVID-19 was reported from Wuhan, China, at the end of December 2019. The unprecedented pandemic swept the world. Humanity fought back fiercely. The world now appears to have an upper hand over the novel coronavirus as borders are crossed and ma...
September 12, 2022
SK Bioscience applies for SKYCovione's WHO emergency use approval

SK Bioscience has completed the application for an emergency use listing of SKYCovione -- South Korea’s first homemade COVID-19 vaccine -- with the World Health Organization, the local vaccine developer said Thursday. The WHO’s emergency use listing is the global health body’s procedure for rev...
September 12, 2022
HLB drug candidate shows longest liver cancer survival duration

HLB’s precision cancer drug Rivoceranib has demonstrated the world’s longest median overall survival, or mOS, in phase 3 clinical trials of liver cancer, the South Korean biopharmaceutical company said Thursday. According to HLB, Rivoceranib’s mOS recorded 22.1 months to mark the first drug in ...
September 12, 2022
From eggs to stocks: Chuseok gifts evolve in reflection of the time

Shin Jeong-eum, a 61-year-old Seoulite, remembers her childhood when her family was delighted with beef wrapped in a simple paper package and a carton of eggs held together by straw as Chuseok gifts. As for her, Shin's favorite moments in the 1970s were receiving new clothes from her relatives as ...
September 12, 2022
Hyundai Motor Group, KT exchange W750b in shares for future mobility cooperation

Hyundai Motor Group and KT have decided to exchange shares worth about 750 billion won ($541 million) to strengthen their partnership in the future mobility sector, officials said Wednesday. According to the two companies, Hyundai Motor Group will acquire 7.7 percent of KT’s treasury stock while ...
September 12, 2022
Airlines prepare for Chuseok spike

The aviation industry is gearing up to cater an increase in travel demand ahead of Chuseok, the Korean thanksgiving holiday that kicks off Friday. South Korea’s flag carrier Korean Air is operating two more flights from Gimpo to Jeju starting Wednesday until Sept. 13. These flights are operated u...

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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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