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The Korea Herald

Markets

August 23, 2022
Samsung to offer free repairs of over 90,000 defective washing machines

South Korean consumer electronics manufacturer Samsung Electronics has begun to offer free repairs of its defective front-load washing machines whose doors are prone to explode for Korean consumers, according to consumer watchdogs on Monday. The organizations, the Korea Consumer Agency and Korean ...
August 22, 2022
Korean chipmakers’ reliance on China jumps 13-fold over 20 years

South Korea’s reliance on China for semiconductor exports jumped nearly 13-fold in the last two decades and Seoul needs to take action to resolve any associated risks, a report said Sunday. Semiconductor exports made up 39.7 percent of Asia’s fourth-largest economy’s total exports to China last...
August 22, 2022
Lotte Chemical makes bid to acquire Iljin Materials

Lotte Chemical has reportedly submitted a tender to acquire a controlling stake in South Korean copper foil manufacturer Iljin Materials on Friday. The Seoul-based petrochemical firm is considered one of the proposed buyers of the 53.3 percent stake in Iljin Materials from President and Chief Exec...
August 22, 2022
Hyundai Steel bets big on waste recycling in ESG push

Hyundai Steel, the nation’s No. 2 steel maker, said Sunday it is betting big on waste recycling in its renewed push for carbon neutrality. The company has recycled used coffee grounds as part of its social contribution activities. More recently, it signed a memorandum of understanding with the In...
August 22, 2022
Posco chief touts battery materials as future growth driver

Posco Group Chairman Choi Jeong-woo recently vowed to foster battery materials as a key growth driver during his meeting with investors in Singapore, the steelmaker’s holding group said Sunday. The pledge came as Choi briefed officials from US-based investment giant BlackRock and the Government o...
August 22, 2022
[Herald Interview] Wind of change in workplace culture

A wind of change is blowing in South Korea’s rigid top-down workplace culture as a growing number of local companies, from fledgling startups to traditional manufacturing firms, feel the need to improve the quality of work environments in to attract and retain talent. To name a few changes: simpl...
August 22, 2022
FSC forges ahead with COVID debt relief plan amid worries

Self-employed people and small businesses who have suffered major economic disruptions due to the pandemic will receive government support in writing off their debts as long as they pass a thorough screening process, the Financial Services Commission said Thursday. The plan -- revealed earlier to ...
August 22, 2022
Hyosung donates AI care robots to older veterans

Hyosung Group said Friday that it has donated10 AI care robots, called Pibo, to older patriots and veterans, as part of its social contribution activities. Pibo, an AI care robot developed by a South Korean startup, Circulus, offers information such as news and weather while also monitoring the us...
August 22, 2022
Korea seeks to find big trading partners in Africa

South Korea will expand economic cooperation with African countries and promote local businesses’ advancement into the continent, the nation’s top economic policymaker said Friday. At a ministerial meeting to discuss operation plans for the Economic Development Cooperation Fund in Seoul, Deputy ...
August 22, 2022
Samsung Electronics Lee launches activities after pardon

Samsung Electronics vice chairman Lee Jae-yong revived his management activities by participating in the groundbreaking of a new semiconductor research and development complex in Yongin, Gyeonggi Province, on Friday. This marked Lee‘s first official activity after being granted a pardon by Presid...
August 18, 2022
Korea develops core equipment for NASA’s space telescope

The Korea Astronomy and Space Science Institute has developed core equipment required for the ground testing of a NASA space observatory project, the Ministry of Science and ICT said Tuesday. The state-run KASI has put together a cryogenic vacuum chamber for NASA’s project -- Spectro-Photometer f...
August 18, 2022
Retail investors rush to overseas ETFs under signs of bear market

South Korean retail investors have been bagging up overseas exchange-traded funds in recent weeks as the global stock market has been struggling under bear market signals, data showed Tuesday. Retail investors interested in overseas investments have added more high-return, high-risk ETFs to their ...
August 18, 2022
Samsung SDI sets up first R&D center in US

Samsung SDI said Tuesday it had set up its first research and development center in the US in an effort to secure technological competitiveness in the burgeoning market for electric vehicles. The Boston center, called SDI R&D America, will focus on developing new battery-related technologies in co...
August 18, 2022
6 out of 10 Korean businesses urge Seoul, Tokyo to reset ties

More than half the companies surveyed by the Korea Enterprise Federation, one of the five major business lobby groups here, said Korea and Japan should settle their disputes and improve economic ties, especially in trade, the data showed Tuesday. Conducted from July 27 to Aug. 2, the survey polled...
August 18, 2022
Will battery subscriptions lower EV prices?

The government‘s new scheme to adopt battery subscription services for electric vehicles is drawing mixed reactions due to the high costs of battery swapping amid falling prices of EV batteries. The government plans to revise related laws to allow double registrations for an EV and its battery pa...

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EDITOR'S PICKS

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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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