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The Korea Herald

Markets

August 26, 2022
BOK makes 4th consecutive rate hike

The Bank of Korea returned to its usual 25 basis point rate hike Thursday, half the historic size seen in July, while slashing its growth forecast for the year amid the persistent inflation forcing the central bank to back a raise for a fourth time in a row for the first time. The unanimous decisi...
August 26, 2022
Samsung, Gates Foundation complete Reinvent the Toilet project

Samsung Electronics said Thursday it celebrated the completion of the Reinvent the Toilet project that has been conducted over the past three years in collaboration with the Bill & Melinda Gates Foundation. The Gates Foundation launched the “RT” project in 2011 with an aim to generate innovative...
August 25, 2022
K-content tweets increase 546% over 10 years

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
August 25, 2022
Samsung C&T wins W800b solar power plant project in Qatar

Samsung C&T said Wednesday it has inked an 800 billion won ($592.52 million) engineering, procurement and construction contract with QatarEnergy to build solar power plants with the capacity to generate 875 megawatts of electricity. The project involves building one solar power plant with 417 mega...
August 25, 2022
Hyundai Motor invests in automotive chip startup

Hyundai Motor Group on Tuesday said it has decided to invest in Bos Semiconductors, an automotive semiconductor startup. Bos Semiconductors is a fabless startup that specializes in manufacturing system semiconductors used in automotive software. The startup aims to design high-performance semicon...
August 25, 2022
LG to launch AI ethics group for better transparency

LG Group said Wednesday it is launching a new artificial intelligence ethics group later this year with an aim to build more responsible AI systems to be deployed across all LG companies. Ahead of its official launch, LG AI Research recently set up a task force to be charged with educating LG empl...
August 25, 2022
Lotte Chemical becomes sole bidder for Iljin Materials

Lotte Chemical has emerged as the sole bidder in the sale of South Korea’s second-largest copper foil manufacturer Iljin Materials, according to a local report Wednesday. Global private equity fund operators and foreign strategic investors have pulled out during the bidding process due to Iljin M...
August 25, 2022
Resistance growing over tech’s push into insurance

South Korean technology firms are gearing up to launch new services where users can compare different insurance products on their platforms, but the move has been met with strong resistance from traditional agents, sources said Wednesday. Financial authorities earlier this week gave the green ligh...
August 25, 2022
Oriental Brewery VP shares how beer company could go green

South Korea’s largest beer maker Oriental Brewery introduced its climate change-tackling technology at the Conference of Global Climate Action Fund, according to the company on Wednesday. The conference, initiated for the first time and scheduled to be held from Monday to Friday, was co-hosted by...
August 25, 2022
[Newsmaker] Chung Euisun heads to US as inflation law puts Hyundai Motor EV strategy in peril

Hyundai Motor Group Executive Chair Chung Euisun made an emergency trip to the US on Tuesday to seek ways to deal with the latest US tax credit bill that has scrapped subsidies for foreign-made electric vehicles. Amid looming concerns that the bill may jeopardize the carmaker’s EV strategy, Chung...
August 25, 2022
Ramen next in line for sharp price hike

Amid soaring food costs, prices of ramen, Koreans’ most favored instant food and a common low-cost meal option, are set for an increase next month, in another blow to customers already grappling with persistent inflation. Koreans consumed the most instant noodles per capita in the world in 2020. ...
August 24, 2022
[Behind the Wheel] Maserati’s first hybrid powerful yet traditional

The Maserati Ghibli GT Hybrid is a car that can satisfy those who love the sound of a combustion engine, but want to make a more fuel-efficient choice. The Ghibli GT Hybrid is the first ever electrified Maserati model, with which the luxury brand makes an attempt to keep up with the trends of the ...
August 24, 2022
Volkswagen Korea to bring ID.4 next month

Volkswagen Korea will launch its first pure electric sports utility vehicle next month as the first overseas branch of the German carmaker outside of Europe, its CEO said Tuesday. “ID.4, Volkswagen’s first pure electric SUV, will be launched in Korea and we will be the first country in the world...
August 24, 2022
SK Networks invests W4b in metaverse developer Com2Verse

SK Networks has invested 4 billion won ($3 million) in Com2Verse, a metaverse-specialized subsidiary of South Korean game developer Com2uS, to explore business opportunities in the metaverse world, officials said Tuesday. The two companies signed a memorandum to join forces in setting up and stren...
August 24, 2022
No. of Ioniq 6 preorders hits new record on 1st day

Hyundai Motor received 37,446 EV preorders for its Ioniq 6 on the first day of presales Monday, the highest day one preorder sales figure in the company’s history. The carmaker said Tuesday the tally is far higher than Ioniq 5’s first-day preorders of 23,760 units last year. “Ioniq 6’s innova...

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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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