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The Korea Herald

Markets

July 22, 2022
Samsung SDI to invest W1.7tr in 2nd plant in Malaysia

Samsung SDI held a ground-breaking ceremony on Thursday for its new cylindrical battery-making plant in Malaysia. The company will invest 1.7 trillion won ($1.3 billion) in the new battery factory to have its construction finished by 2025 in response to the growing demand for cylindrical batteries...
July 22, 2022
KB Financial Group releases sustainability report highlighting green financing

South Korea’s KB Financial Group on Thursday released its annual sustainability report for 2021 sharing its achievements in and insights on environmental, social and corporate governance. The report includes KB’s experience in dealing with key ESG issues such as climate change, green financing a...
July 22, 2022
JB Financial renames venture investing biz as JB Investment

JB Financial Group, a Jeonju-based financial holding company, said Thursday it has renamed its subsidiary Mega Investment to JB Investment. The finance company inked a deal to take over Mega Investment from South Korean online educational service provider MegaStudy in May for 48 billion won ($36.5...
July 22, 2022
Home prices drive household wealth

South Korean household wealth jumped 8 percent on-year, with net worth per household estimated at 544.7 million won ($415,593) thanks to a surge in house prices, a Bank of Korea report showed Thursday. Real estate made up 75 percent of household wealth. The net worth of households, nonprofit organ...
July 22, 2022
Borrowers in their 40s, 50s face higher loan default risk

South Koreans in their 40s and 50s now face higher chances of loan default and delinquency, with those who took out loans from more than one financial institution increasing by nearly 100,000 from last year, data showed Thursday. This has spurred concerns that a significant number of borrowers in t...
July 21, 2022
ICT minister says Korea should be cautious on joining Chip 4

Amid pressure building on South Korea to join a US-led chip alliance that strategically isolates China from the global semiconductor supply chain, Science Minister Lee Jong-ho on Wednesday said in rare remarks that the government should be careful in making such a decision, citing its impact on oth...
July 21, 2022
FKI says wages rose too much

The Federation of Korean Industries said on Wednesday that the average annual wage per employee of listed companies rose 43.4 percent in the 10 years preceding 2021. During that time, their average revenue only rose 12.5 percent. The average annual salary per worker jumped from 55.93 million won (...
July 21, 2022
Incheon Airport targets 106m travelers a year

Incheon Airport is pumping up its Level 4 construction plan, a project to expand its second passenger terminal, to maintain its leading position as an air transport hub in East Asia. The 4.84 trillion won ($3.69 million) Level 4 construction plan involves a major upgrade of the airport’s infrastr...
July 21, 2022
S. Korea to introduce new hydrogen rating scheme in 2024

South Korea’s Ministry of Trade, Industry and Energy said Wednesday it is implementing a new clean hydrogen certification system from 2024 that evaluates corporate carbon footprints based on the amount of carbon emissions, not the type of production process. The new scheme will determine whether ...
July 21, 2022
East Sea tops list of Koreans’ preferred vacation destinations

More Koreans plan to spend their summer vacation this year on the country‘s east coast instead of flying to the southern resort island of Jeju to save money amid rising inflation, a survey showed Wednesday. The year’s busiest travel week is, as usual, expected to be from July 30 to Aug. 5, with ...
July 21, 2022
Won gains after Yellen’s visit, weakening preference in safe havens

SEJONG -- The Korean currency gained against the US dollar on Wednesday, a day after finance ministers from South Korea and the US said they could take actions like supplying liquidity for stabilization of the foreign exchange market. The price of the Korean currency strengthened 0.5 won from a t...
July 21, 2022
Samsung to debut new foldable phones on Aug. 10

Samsung Electronics on Wednesday sent out invites to the 2022 Galaxy Unpacked event for its new foldable phones that will be held online via its official website at 10 p.m. (Korea time) on Aug. 10. Titled “Unfold Your World,” the event will feature Samsung’s latest Z series, including the large...
July 21, 2022
GS Energy rebrands EV charging biz as GS Connect

GS Energy, an energy arm of South Korean conglomerate GS Group, said Wednesday that it has renamed its electric vehicle charging subsidiary GS Connect. The subsidiary is a joint corporation, created by GS Energy and local EV charging firm Gntel. The two companies hold a 50 percent stake each. Whi...
July 20, 2022
Yellen touts stronger economic alliance via ‘friend-shoring’

US Treasury Secretary Janet Yellen urged her South Korean counterparts and businesspeople to build stable supply chains with allies and to expand investment during her jam-packed visit to Korea on Tuesday, which buoyed market expectations on forging stronger bilateral ties to fight against economic...
July 20, 2022
Work-life balance key to women leadership: Yellen

US Treasury Secretary Janet Yellen said work-life balance plays a key role in shaping a work environment that is appealing to women, who she described as still unrepresented in workplaces, at a meeting with the Bank of Korea’s female workers held Tuesday in Seoul. “Work-life balance is a tremend...

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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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