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The Korea Herald

Markets

September 05, 2022
Lotte Group to build eco smart city, logistics center in Vietnam

South Korean retail giant Lotte Group said Sunday it will build an eco-friendly smart city complex and smart logistics center in Vietnam, as part of its expansion plan to cement a strong foothold in Southeast Asia. Under the $900 million Thu Tiem Eco Smart City project, the company plans to constr...
September 05, 2022
Posco President visits Argentina for Korea’s World Expo bid

Steel giant Posco Group’s Representative Director and President Jeong Tak visited the Argentinian government Thursday to ask for the country’s support on South Korea’s bid to host the 2030 Busan Expo, the company said Sunday. Jeong met with Santiago Cafiero, the Argentinian Minister of Foreign ...
September 05, 2022
Hana to launch W26tr financial aid program for socially vulnerable

South Korea’s Hana Financial Group said Sunday it plans to launch a financial aid program worth 26 trillion won ($19 billion) this month that will benefit some 700,000 vulnerable members of society annually. The program named "All Happiness Connected in Hana Finance" will focus on loan extension ...
September 05, 2022
LG to wide gap with rivals with enhanced OLED lineup

BERLIN – LG Electronics, the dominant No. 1 firm in the OLED TV market, said Saturday it aims to further widen its gap with rivals by offering a more diversified product lineup that meets different consumer demands. According to market tracker Omdia, Europe is the largest OLED TV market, making u...
September 05, 2022
Samsung’s foldable R&D chief talks about balancing tradeoffs

BERLIN – Samsung Electronics will focus on upgrading foldable phones and enhancing their user experience for now, despite their extensive study on diverse smartphone form factors such as rollable and slide types, according to a senior executive who oversees research and development for mobile devi...
September 05, 2022
Inflation decelerates in August, but risks persist

SEJONG -- The growth in the nation's consumer prices somewhat decelerated last month after continuously expanding for six consecutive months from February-July. But the inflation still remained at a critically high level, state data showed Friday. According to Statistics Korea, consumer prices cli...
September 05, 2022
Experts say hydrogen ecosystem is global task to cooperate

Business leaders and experts gathered in Goyang, Gyeonggi Province on Friday to discuss ways to create a globally connected hydrogen ecosystem amid growing geographical uncertainties stemming from Russia's attack on Ukraine and worsening climate change. Jeong Marn-ki, president and CEO of the Kore...
September 05, 2022
New pension chief faces uphill battle over reform plan, record loss

A new chief took office Friday to lead South Korea’s pension fund, but his push to reform the country’s main retirement plan to avoid the depletion of its reserves by 2055 has gained little of the support it needs. Kim Tae-hyun, a former senior official at the top financial regulator who most re...
September 05, 2022
Coway showcases its newsest air purifiers at IFA

Coway is showcasing its latest lineup of air and water purifiers at Europe’s largest home appliances tech show IFA 2022, the South Korean company said Friday. Coway’s on-display products at the event’s exhibition booth in Berlin include 14 air purifiers and eight water purifiers with the newest...
September 05, 2022
Irreversible climate changes expected even with decreased greenhouse gas: study

A group of researchers at Yonsei University have found that even if the concentration level of greenhouse gases in the atmosphere is reduced to that of the pre-industrial era, it will be difficult to restore the climate’s condition to its original state. According to Yonsei University on Friday, ...
September 05, 2022
Samsung's new foldables get warm reception in Europe

South Korean tech giant Samsung Electronics announced Friday that sales and shipments of its newest foldable phones have significantly increased in Europe compared with their predecessors in the first week since the release. The latest additions to Samsung's foldable lineup -- the clamshell-type G...
September 05, 2022
Seoul city pushes for cab fare raise

Seoul’s city council said Friday it has received plans from the city government to raise taxi fares. The draft document, “Proposal for Opinion Hearing on the Taxi Fare Adjustment Plan for Resolving Late-Night Ride Difficulties," outlines the city's proposal to increase basic cab fares from the c...
September 05, 2022
Samsung bets big on home connectivity

BERLIN – Samsung Electronics is betting big on its SmartThings smart home platform, declaring that a connected home is now a reality that creates new value for users. “This year will mark the beginning of mass adoption of SmartThings,” said Han Jong-hee, Samsung's co-CEO who oversees the smartp...
September 05, 2022
Samsung CEO hints at joining RE100 ‘soon’

BERLIN – Samsung Electronics co-CEO Han Jong-hee on Thursday hinted that the South Korean tech giant will unveil a new sustainable growth strategy soon, possibly its delayed decision to join the RE100 global initiative. “We will announce a clearer goal that is also achievable,” he said at a pre...
September 05, 2022
GS Group launches promotion to support Busan Expo bid

South Korea’s retail-to-energy conglomerate GS Group said Sunday that it has launched promotional activities to support South Korea’s bid to host the 2030 Busan World Expo. GS Sports, the sports company operating the football team FC Seoul and GS Caltex Seoul Kixx volleyball team, has opened a s...

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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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