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The Korea Herald

Markets

August 24, 2022
Hanwha Aerospace bags $165m order from UK’s Vertical

South Korean aircraft engine manufacturer Hanwha Aerospace established a $165 million supply deal with British air taxi developer Vertical Aerospace last month, according to a regulatory filing released on Tuesday. Under the deal, which follows a development agreement announced in July, Hanwha Aer...
August 24, 2022
Big businesses in Korea see 50% surge in inventory

SEJONG -- Big Korean businesses saw their inventory surge by about 50 percent in the first half on-year, sparking concerns that the piling products left unsold may be a sign that South Korea is entering a fog of economic uncertainty. According to the corporate research institute Leaders Index, the...
August 24, 2022
Nearly one-third TVs sold worldwide made by Samsung

Samsung Electronics continued its winning streak in global TV sales, selling nearly one-third of TVs across the world in the first half, according to market tracker Omdia on Tuesday. In the first six months of this year, 92.6 million units of TVs worth $475 million were sold globally. The sales fi...
August 24, 2022
LS Cable & System launches system for remote-control cable management

LS Cable & System will commercialize a remote-control cable management system that detects operational abnormalities, prevents power outages and sends online alerts, said the company on Tuesday. The new system called i-check allows IoT sensors attached to cables to detect malfunctions such as elec...
August 24, 2022
LG Display to release mid-sized OLED panels for gaming monitors

South Korean flat-panel display manufacturer LG Display is set to launch mid-sized organic light emitting diode panels designed for gaming monitors, according to the company Tuesday. “LG Display will release a new flat-panel display using OLED technology by the end of this year, at a size of over...
August 23, 2022
[Contribution] Delivery unit price indexation system to benefit both small, big companies

Latest issues such as the COVID-19 outbreak and the Russia-Ukraine war have prompted active discussions about the introduction of an interlocking system for cost of goods delivered. The small and medium-sized enterprises have long been calling for the introduction of this system, and the legislatio...
August 23, 2022
Crypto airdrop subject to gift tax, says Korean authorities

Cryptocurrency airdrop, which refers to a marketing stunt involving sending coins or tokens to wallet addresses, is legally subjected to gift tax, officials said Monday. The Ministry of Economy and Finance’s Tax and Customs Office said that crypto issuers delivering coins or tokens to wallets of ...
August 23, 2022
Celltrion establishes R&D office in Boston

Celltrion has opened a research and development office in Boston to speed up its new drug development efforts in the US while seeking and boosting cooperation with other firms, company officials said Monday. According to the company, the South Korean biopharmaceutical giant completed the establish...
August 23, 2022
Naver becomes 1st Korean IT firm to join RE100

Naver has become the first South Korean information technology company to join the global RE100 renewable energy initiative to achieve carbon neutrality, the firm said Monday. The RE100 initiative, which is led by the Climate Group in partnership with CDP -- formerly known as Carbon Disclosure Pro...
August 23, 2022
Korea to review WTO complaint on Biden’s IRA

The South Korean government will review launching a complaint to the World Trade Organization over a new US bill regarding tax credits that immediately scrapped subsidies for electric vehicles made outside the US, South Korean Industry Minister Lee Chang-yang said Monday. Last week, US President J...
August 23, 2022
Lotte chief heads to Vietnam on 1st overseas trip since pardon

Lotte Group Chairman Shin Dong-bin will visit Vietnam next month on his first overseas trip after a presidential pardon granted last week lifted a legal hurdle that had limited his business activities in recent years. According to the group, Shin will attend the groundbreaking ceremony for Lotte E...
August 23, 2022
Korea seeks to curb fiscal deficit from 2023

SEJONG -- The Yoon Suk-yeol administration will drastically reduce South Korea’s fiscal deficit starting from next year by restricting expansionary policies to improve the nation’s fiscal soundness. According to government officials on Monday, the Ministry of Economy and Finance has set a goal o...
August 23, 2022
Samsung to expand Bespoke lineup in Europe

Samsung Electronics said Monday it is unveiling a wider lineup of its Bespoke home appliances at the upcoming IFA trade show in Germany in a renewed sales push in the European market. The Bespoke brand, launched in 2019, has been at the forefront of a revamped strategy for Samsung‘s home applianc...
August 23, 2022
Pulmuone’s tofu sales up 11% in US

Pulmuone’s wholly owned US subsidiary Pulmuone Foods USA said on Monday that sales of its tofu have increased 11 percent this year from last year. The South Korean food giant attributed its sales performance to the construction of its tofu production line at the Pulmuone plant in Fullerton, Calif...
August 23, 2022
Battery material firm L&F to spend W650b on expansion in Daegu

South Korean cathode active material supplier L&F is poised to invest 650 billion won ($483.1 million) in the next two years in a new line of production in Daegu, a filing showed Monday. Once the construction is complete, tentatively by August 2024, the new factory of L&F in Dalseong County, aroun...

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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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