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The Korea Herald

Markets

September 05, 2022
Han Sung Motor collaborates with NFT artist at Kiaf Plus

Han Sung Motor, who has been an official partner of Kiaf Seoul from 2017 to 2019, has been putting effort into expanding the art fair experience for the public by collaborating with artists through its arts scholarship program Dream Gream. Dream Gream started in 2012 to support the artistic talent...
September 02, 2022
Samsung's OLED gaming monitor, new industrial tablet to debut in Europe

The OLED monitor is scheduled for the launch in the fourth quarter globally including Europe, after its IFA debut. This came a week after its crosstown rival LG Electronics announced plans to showcase its first OLED gaming monitor in its high-end UltraGear lineup during the IFA 2022. Meanwhile, S...
September 02, 2022
SK On hires COO from memory chip affiliate

South Korean lithium-ion battery maker SK On said Thursday it has hired former SK hynix President Jin Kyo-won as chief operating officer. Jin, who took the newly created role Thursday, will oversee the operation optimization, marketing, overseas manufacturing, research, purchase and next-generatio...
September 02, 2022
Naver aims to expand metaverse presence in Thailand

Naver Z, the South Korean IT giant’s subsidiary that runs the Zepeto metaverse platform, has joined hands with Thailand’s largest telecommunication services provider to expand the virtual world’s ecosystem in the Southeast Asian nation, Naver said Thursday. Naver Z and True Corp. signed a memor...
September 02, 2022
SK ecoplant invests $50m in US battery recycling firm

SK ecoplant, the engineering and construction unit under SK Group, said Thursday that it has clinched a $50 million deal to become the largest shareholder of US battery materials recycling firm Ascend Elements. The latest share purchase is part of SK ecoplant’s investments to foray into North Ame...
September 02, 2022
Posco, India’s Greenko to work together on hydrogen business

Posco Holdings said Thursday that it has clinched a deal with India’s second-largest renewable energy company Greenko to cooperate in green hydrogen and ammonia production in India, as part of the steelmaker’s push toward eco-friendly energy business. Green hydrogen refers to hydrogen generated ...
September 02, 2022
Fractional share trading launch in Korea likely to be delayed

South Korea’s plan to launch fractional share trading this month is likely to be delayed, with authorities struggling to decide on which tax framework to adopt for the system, officials said Thursday. The struggle comes as Asia’s fourth-largest economy braces for changes in tax systems tied to s...
September 02, 2022
Red flag raised as Korea suffers all-time high trade deficit

SEJONG/SEOUL -- South Korea recorded an all-time high trade deficit last month in the wake of skyrocketing import prices of raw materials and relatively low export growth, raising a red flag for Asia’s fourth-largest economy, which is heavily dependent on exports for its growth. According to the ...
September 02, 2022
LG debuts chameleon refrigerator that changes color

Regarding possible concerns over overheating and energy efficiency, Lyu downplayed the issues, stressing the energy consumption of the refrigerator is just an equivalent of a five-watt light bulb. “We also reviewed possible consumer concerns during the development process. By tackling the issues ...
September 02, 2022
[Newsmaker] New jobs for tycoons’ Samsung, SK chiefs to promote Busan Expo

Chey, who is serving as a chairman of Busan Expo Bidding Committee, is expected to visit Osaka, Japan, the host city of 2025 World Expo, this month. The SK chief is looking to meet with Japanese Prime Minister Kishida Fumio as well. Next month, he will also participate in the “SK’s Night” event...
September 02, 2022
IFA 2022: What to expect from Samsung, LG

BERLIN -- IFA, Europe’s biggest tech show, is being held in person again after two years of pandemic disruptions, with South Korean tech rivals Samsung Electronics and LG Electronics among the largest exhibitors. The annual gathering will kick off in Berlin on Friday for a five-day run. After ye...
September 01, 2022
Won seesaws amid mixed signals

The South Korean won fluctuated sharply Wednesday, reaching a 13-year intraday low at 1,352.3 won per dollar in the onshore market before closing at 1,337.6, 0.68 percent stronger than the Tuesday’s close, as the dollar continued its rally and the euro pared losses later the day. The search for s...
September 01, 2022
Korea calls on US to cooperate in resolving conflict on EVs

SEJONG -- South Korea’s Industry Minister Lee Chang-yang called for the US to take a cooperative stance on resolving the backlash from the local automobiles industry over the US Inflation Reduction Act, which is targeted to scale back subsidies to electric vehicles not assembled on American soil. ...
September 01, 2022
Retailers race to make next Pokemon Bread

Piggybacking on SPC Samlip’s Pokemon Bread craze, South Korean food companies are using animated characters on their product packaging to appeal to customers with a desire to collect nostalgic items. Convenience store chain 7-Eleven said Wednesday it has sold more than 250,000 rolls of its recent...
September 01, 2022
[Market Eye] Lone Star verdict highlights Korea's departure from global standards

An international dispute settlement body’s order Wednesday that South Korea must pay a “smaller-than-expected” $216.5 million to Lone Star may seem like a reasonable resolution to a decadelong battle between the government and the US-based private equity firm. But the verdict and the 10-year-lo...

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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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