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The Korea Herald

Markets

August 03, 2022
Move over stockbrokers: ‘Ant’ investors new stars of TV shows

“Unfortunately, it’s the shared pain of losing their money or anger toward more powerful people who profit off of insider trading that bind them together, and push them to appear on screen.” In this sense, the upcoming drama “Stock Struck,” a successor of “Cleaning Up,” aims to reflect the ...
August 03, 2022
SK hynix completes Key Foundry acquisition

South Korean chipmaker SK hynix said Tuesday it has completed the acquisition of domestic contract-based chip manufacturer Key Foundry for 575.8 billion won ($440.3 million). The announcement came nine months after SK hynix’s proposal in October to acquire the entire stake of the 200-millimeter w...
August 02, 2022
BOK signals rate hike slowdown while slashing growth forecast

Bank of Korea Gov. Rhee Chang-yong told lawmakers Monday that the central bank will deliver the usual 0.25 percentage point interest rate hikes this year, while acknowledging that the economy would fall short of the 2.7 percent annual growth for 2022. The central bank a month ago backed its bigges...
August 02, 2022
S. Korea’s accumulative trade deficit hits 66-year high

SEJONG -- South Korea has posted a trade deficit for the fourth consecutive month in the wake of a noteworthy decline in exports to China and spiraling import prices of raw materials, with the cumulative deficit for the first seven months of the year the highest in 66 years. In particular, the nat...
August 02, 2022
Revision seeks to allow battery subscription for EVs

The South Korean government said Monday that it would revise the law to allow battery subscription services for electric vehicles, a move that is expected to pull down EV prices almost one-third from their current price tag and lower entry barriers for potential buyers. The Ministry of Land, Trans...
August 02, 2022
SK hynix to make CXL memory chips from 2023

South Korean memory chip maker SK hynix said Monday that it has sampled the first memory product under the compute express link memory interface, a concept considered a game-changer in the electronics industry that is facing memory storage bottleneck. The announcement heralds SK hynix‘s long-awai...
August 02, 2022
SK Geo Centric, Tokuyama to build wafer washing agent plant

South Korean petrochemical firm SK Geo Centric has started construction on a facility to produce semiconductor wafer surface washing material with Tokyo-based chemical firm Tokuyama in Ulsan, a city some 300 kilometers southeast of Seoul, the company announced Monday. SK Geo Centric aims to produc...
August 02, 2022
Hyundai Motor unveils smart city vision in Singapore

Hyundai Motor Group on Monday unveiled its smart city vision at the World Cities Summit in Singapore, aiming to offer a blueprint for smart mobility solutions that revitalize urban communities. During a panel discussion at the biannual summit, the automaker’s President and Chief Innovation Office...
August 02, 2022
SK Bioscience eyes Europe as market for COVID-19 vaccine

SK Bioscience has submitted the application for conditional approval of the COVID-19 vaccine SKY Covione with the European Medicines Agency in efforts to expand its presence in the global market, the South Korean vaccine developer said Monday. Beginning with the European region, SK Bioscience said...
August 02, 2022
Power demand hits record as heat wave takes hold

Sizzling temperatures that hit the country last month led to record-breaking electricity demand, data showed Monday. According to Korea Power Exchange, the country’s average maximum power demand stood at 82,007 megawatts last month, up 1.0 percent on-year -- the highest since records began in Jun...
August 02, 2022
Samsung publishes paper on artificial muscle actuators for VR devices

Samsung Electronics said Monday its joint research team with Ajou University published a paper last month on the wider adoption of artificial muscle actuators for wearables in Nature Communications, an online publisher affiliated with Nature, the science journal. The paper, titled “Actuating Comp...
August 02, 2022
LG Chem looks to begin final stage of clinical trials for gout drug

LG Chem has applied to carry out a phase 3 clinical trial of its gout treatment candidate Tigulixostat with the US Food and Drug Administration, the South Korean company said Monday. If the application gets the go-ahead from the FDA, it will be LG Chem’s first phase 3 clinical trial of a new, sel...
August 02, 2022
Starbucks most preferred coffee chain in S. Korea: survey

Starbucks topped the list of the most preferred specialty coffee chains in South Korea, according to a recent survey published by the Korea Consumer Agency on Monday. In the survey, conducted between April 7 and 15, a total of 1,400 adults were requested to rate seven coffeehouses based on consume...
August 01, 2022
Foreign investors turn net buyers of S. Korean stocks in July

Foreign investors were net buyers of South Korean stocks in July, reversing a trend of mass selling over the last six months over recession worries and looking to step in and buy on the cheap amid signs of a market bottom. According to the Korea Exchange on Sunday, foreigners purchased a net 2.3 t...
August 01, 2022
Over 1% of cars in S. Korea are EVs: report

The accumulated number of electric vehicles in South Korea appears to have surpassed the 300,000 mark in July, 1.2 percent of the total number of registered vehicles in the country, according to a report published by the Transport Ministry on Sunday. The report said South Korea had 298,633 EV regi...

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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
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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