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The Korea Herald

Markets

August 09, 2022
Crypto payment is going mainstream: Ethereum co-founder

Cryptocurrency payment will become mainstream after ethereum becomes cheaper and more accessible for a broader user base, according to the blockchain platform’s co-founder Vitalik Buterin. “The upgrade of ethereum (which is scheduled in September) will dramatically cut the current cost of transa...
August 09, 2022
Tech giants deploy NFT to diversify customer services

Industry behemoths are utilizing non-fungible tokens not only as a marketing tool but also to provide more diverse services to their customers, according to industry insiders on Monday. Samsung Electronics has signed a memorandum of understanding with Samsung Digital Plaza, Shilla Duty Free Shop, ...
August 09, 2022
Seoul weighs ‘Chip 4’ alliance as ties with China hang in balance

South Korea is poised to join a working-level meeting of government officials involving major chipmaking nations along with the United States, Taiwan and Japan, amid mounting concerns over China’s retaliation. Seoul has had to tread carefully around Beijing, as memory chip giants such as Samsung ...
August 09, 2022
Inflation likely to exceed 5% this year

South Korea’s inflation rate this year is likely to exceed 5 percent, marking the highest in 24 years, as average consumer prices in the first seven months have risen 4.9 percent from a year ago, according to Statistics Korea. In July, consumer prices rose at the fastest pace since November 1998,...
August 09, 2022
Coupang starts financing service

South Korean e-commerce giant Coupang is starting a service offering loans to small businesses on its online platform while enabling its customers to pay for purchases in installments, a filing with the Financial Supervisory Service showed Monday. Coupang Financial, a subsidiary created in January...
August 09, 2022
South Korea to expand foreign workforce quota, seek fast entry

SEJONG -- South Korea will push for fast inbound entry for foreign workers and expand the quota for businesses to hire foreigners to resolve workforce shortages in the industrial sector, economic policymakers said Monday. The government plans to seek fast entry of 42,000 foreign workers, whose imm...
August 09, 2022
Power demand forecast to peak this week

Electricity demand could hit an all-time high this week as scorching weather continues and workers return from summer vacations. According to Korea Power Exchange on Monday, the country’s maximum power demand is expected to surpass 90,000 megawatts this week. The Ministry of Trade, Industry and ...
August 09, 2022
Golfwear market expands in S. Korea

As golf becomes one of the most enjoyed leisure activities in South Korea, not only fashion companies but also others far from apparel business are launching luxury golfwear products, expanding the market size by value. According to the Korea Leisure Industry Institute, the value of the local golf...
August 08, 2022
[Herald Interview] ‘Quality over quantity’: Upgrading Korea’s IP evaluation system

In light of uncertainties involving global competition for hegemony, pandemic and digitization, South Korea’s intellectual property agency chief has emphasized that upgrading the evaluation system for IP assets is essential for local companies to innovate themselves. “The amount of South Korea’...
August 08, 2022
SoCar IPO faces lukewarm response from investors

Amid dampened appetite for initial public offerings, South Korean car-sharing company SoCar is facing lukewarm response from institutional investors, with a growing possibility that it may join this year’s long list of market debut flops. According to industry sources, during the two-day book bui...
August 08, 2022
SK hynix’s W122tr chip cluster project hits snag over water dispute

This comes after high-ranking officials of the Industry Ministry and Yeoju Mayor Lee held talks Tuesday aimed at resolving the water conflict. Lee proposed removing red tape for development plans involving a new industrial complex and houses nearby. Stretching across Yeoju is Namhan River, one of ...
August 08, 2022
Foreigners return, retail investors leave Kospi

Retail investors turned net sellers of South Korean stocks in recent weeks despite foreigners’ buying spree, data showed Sunday, putting the nation’s key stock index in a bear market rally. Overseas investors scooped up a net 4 trillion won ($3.08 billion) on the Kospi market from July 14 to Fri...
August 08, 2022
KT, Turk Telekom sign deal on K-content, 5G

South Korean telecommunications firm KT and its Turkish counterpart Turk Telekom have signed a strategic partnership to foster collaboration in the field of media content to private fifth-generation network setup and joint investment in startups, KT announced Sunday. This is a follow-up to the non...
August 08, 2022
[Herald Interview] Future of head-up display tech is in augmented reality

Currently, only few in the market have tested AR-HUD, including Huawei’s device that boasts a unique optical path design and algorithm technologies to eliminate AR images’ blurriness. UniMax, an automotive electronics maker owned by Asus Group, has developed AR-HUD that is at least 30 percent sma...
August 08, 2022
Posco Group sets up advisory committee for AI tech

South Korean steelmaker Posco Group said Friday that it has established an advisory committee for artificial intelligence technology, to initiate an in-depth discussion on the latest technology and map out future business strategies. Comprised of 20 academic representatives and industry profession...

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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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