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The Korea Herald

Markets

August 28, 2022
Korea kick-starts bid to host Busan Expo 2030

SEJONG -- South Korea on Friday finalized its bid to host the World Expo 2030 in its second-largest city of Busan, and announced it would send in the formal bid to the Bureau International des Expositions on Sept. 7. The bidding committee, led by the co-chairs Prime Minister Han Duck-soo and Korea...
August 28, 2022
Korea to abolish some corporate punishment laws

SEJONG -- South Korea will push for the abolishment of law provisions, which stipulate criminal punishment on businesses despite meager rule-violations, as part of effort to promote wider scale corporate activities and vitalize foreign investments. Before seeking criminal punishment, the governmen...
August 28, 2022
Busan city hosts Global Healthcare Week to promote health industry

A global healthcare exhibition kicked off in Busan on Thursday to test the southeastern port city’s potential of becoming a healthcare hub in Northeast Asia, organizers said. The three-day 2022 Global Healthcare Week, which is taking place at BEXCO, brings experts, companies and hospitals special...
August 28, 2022
Brand-name apartment builders lose face over flood damages

South Korea’s largest builders have lost face after Seoul’s worst storm in a century earlier this month caused flood damages at luxury apartments and exposed other construction mishaps at residential buildings. The record-breaking torrential rain on the night of Aug. 9 flooded the basement parki...
August 28, 2022
Hyundai Motor Group brands score top in satisfaction survey by JD Power

Hyundai Motor Group’s Hyundai, Kia and Genesis received top scores in a major product satisfaction survey, beating out global competitors, according to the US consumer research firm JD Power on Friday. According to the JD Power’s US Tech Experience Index (TEI), Hyundai Motor Group’s luxury bran...
August 28, 2022
FSC deputy chairman is S. Korea‘s ‘richest’ civil servant

South Korea’s deputy finance policymaker was identified as the civil servant with the highest-value personal assets in the country, including shares worth some 20 billion won ($1.5 million) in a family business, a government ethics committee said Friday. Financial Services Commission Vice Chairma...
August 28, 2022
Construction of Posco‘s recycling plant in Poland completed

South Korean steelmaker Posco Holdings said Friday that it has completed construction of a used secondary battery recycling plant in Poland, which will serve as a base for Posco to expand its eco-friendly business to around the world. The Poland Legnica Sourcing Center (PLSC), located in Brzeg Dol...
August 26, 2022
Allink offers new NFT experience to Samsung New Galaxy NFT holders

Allink, an NFC tag-based information transfer solution company, has partnered up with Samsung Electrionics, the company said Thursday. Allink provided a non-fungible token solution that enables mobile phones to transfer information to various terminals by tapping the phone on the NFC tag. With th...
August 26, 2022
Kyobo Life builds Korean language school in Indonesia

Kyobo Life Insurance Co., a South Korean life insurer, said on Thursday it has established the Cia-Cia Hangeul School on Buton Island, Indonesia, in partnership with the Korea Cia-Cia Cultural Exchange Association. The Cia-Cia are one of Indonesia’s 350 minorities who in 2009 officially chose to ...
August 26, 2022
‘Female bank worker forced to cook, wash dishes at work’

A bank employee in Namwon, North Jeolla Province, was forced to cook, wash dishes and clean clothes at her workplace over the last two years, a civic group said while filing the case to anti-corruption and labor dispute agencies. According to Gapjil 119, a civic group that campaigns against workpl...
August 26, 2022
Dokdo unlabeled on Apple Maps in 22 countries

Apple Maps, iPhone’s built-in map application, was found to have no labeling of the Dokdo islets in over 20 countries across the world, a South Korean professor claimed on Thursday. Seo Kyoung-duk, a general education professor at Sungshin Women’s University, wrote in a post on his social media ...
August 26, 2022
‘Inflation law may disrupt Korean exports of 100,000 plus EVs’

South Korean carmakers on Thursday said at least 100,000 electric vehicles built here would face disruption in export sales annually under the new US law, which excludes battery-powered vehicles made outside of the US from tax credits. They also urged the South Korean government to revise the curre...
August 26, 2022
Korea to seek joint response with EU over Biden’s bill

SEJONG -- The South Korean government is to seek a joint response with the EU to deal with the US Inflation Reduction Act that slashes subsidies to electric vehicles not made on American soil, rather than seeking a dispute settlement within the bilateral trade agreement framework the two forged yea...
August 26, 2022
Tensions rise as Korea waits for verdict on Lone Star dispute

South Korea is watching closely a verdict set to be delivered by an international dispute settlement body for a decadelong dispute between the government and US private equity firm Lone Star next week. The International Center for Settlement of Investment Disputes’ verdict on Aug. 31 will come al...
August 26, 2022
Postech chip professor wins Merck Award

Professor Noh Yong-Young of Postech won an annual award given by Merck Korea in recognition of his innovative research into the development of semiconducting materials for backplane thin-film transistor technology of organic light-emitting diode displays. His research, Merck Korea says, could contr...

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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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