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The Korea Herald

Markets

July 20, 2022
Boys go for delivery food, girls go for coffee: report

Among Korean teenagers, female students made purchases mostly at coffee shops while male students spent their money on food delivery and late-night snack shops the most, data showed Tuesday. According to KB Kookmin‘s card analysis of debit card sales, 14 percent of male middle and high school stu...
July 20, 2022
SK hynix delays decision on W4tr plant expansion

Chaebol groups in South Korea are looking to rethink their ambitious investment plans that were announced earlier this year as fears of a global recession are clouding their business outlook. According to industry sources on Monday, SK hynix, the world’s second-largest memory chip maker, recently...
July 20, 2022
Hyundai Motor, Rolls-Royce team up for air mobility

South Korean carmaker Hyundai Motor Group said Tuesday that it would collaborate with global aero-engine maker Rolls-Royce to deliver all-electric propulsion and hydrogen fuel cell technology for advanced air mobility (AAM). AAM envisions the use of highly automated small-scale aircraft to provide...
July 20, 2022
Han Sung Motor online ESG campaign with environmental personality quiz

The Myers-Briggs Type Indicator, an introspective self-report questionnaire that divides people into 16 types, has been a popular topic of conversation or pastime among millennials and Generation Z in South Korea. It’s not uncommon to see the young cohort -- those born between the 1980s up to the...
July 20, 2022
[From the Scene] Where have all the taxis gone? Seoul‘s taxi shortage intensifies

A 24-year-old office employee surnamed Park stands with his coworker on the sidewalk next to Tehaeranro in Gangnam-gu, Seoul, after leaving a company dinner at midnight on Tuesday. They both whip out their phones to order a cab on two of South Korea‘s most used taxi reservation apps, Kakao T and U...
July 20, 2022
SK Bioscience upgrades vaccine deal with Novavax

SK Bioscience has renewed a contract manufacturing organization deal with US biotech firm Novavax to produce COVID-19 vaccines targeted at preventing the spread of highly contagious variants such as BA.5, officials said Tuesday. The two firms previously signed a CMO deal to produce Novavax’s COVI...
July 20, 2022
Low-calorie foods show surge in sales

With the fast-growing appetite for low-calorie and healthy food sparked by the coronavirus pandemic, South Korean retailers have seen a spike in their “low-food” products. Low-food refers to low-calorie, gluten-free or non-alcohol food and beverage with fewer artificial additives. E-commerce pl...
July 20, 2022
FSC to review removing hurdles on companies owning banks

South Korea’s top financial regulator pledged Tuesday to review lowering the regulatory barriers that limit the industrial sector from owning banks, to accelerate digitalization of the economy and global growth. “The goal of our financial regulatory overhaul is to create a new field, so that lea...
July 19, 2022
Regulator holds firm on debt relief plan

South Korea’s top financial regulator said Monday that its plan to help low-income earners reduce their debt burdens does not encourage reckless investments in stocks or real estate, amid criticism that young Koreans who have made losses from such investments could repay debts with taxpayers’ mon...
July 19, 2022
[Reporter’s Notebook] The dark side of Nuri rocket’s success

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
July 19, 2022
Chipmakers face China dilemma as Seoul mulls joining US-led chip alliance

South Korean chipmakers are under increasing pressure as Seoul mulls joining a US-led semiconductor alliance, dubbed the “Chip 4,” which appears to be aimed at countering Beijing’s growing influence in global supply chains as well as boosting Washington’s manufacturing prowess in the high-tech ...
July 19, 2022
Tally for economically inactive seniors surges 96% since 2002

SEJONG -- The number of Koreans classified as seniors who are not engaged in any economic activities has surged almost 100 percent in two decades, state data showed Monday. According to Statistics Korea, the tally for economically inactive people due to old age reached a record-high of 2.48 millio...
July 19, 2022
Earnings surprise expected for Hyundai, Kia: reports

South Korea’s two largest carmakers, Hyundai Motor and Kia, are expected to deliver earnings surprises with record-high profits in the second quarter on improved product mixes and a weakening Korean won. According to the securities industry Monday, Hyundai Motor is expected to record 2.3 trillion...
July 19, 2022
Samsung Biologics sign deal with Incheon to build Biocampus 2

Samsung Biologics, a leading contract development and manufacturing organization, signed a land sales contract worth 426 billion won ($323 million) with Incheon Metropolitan Government to acquire space for its second Biocampus, the company said Monday. The contract mainly focuses on building resea...
July 19, 2022
CJ CheilJedang to expand plant-based sales to W200b by 2025

South Korean food giant CJ CheilJedang will boost its overseas and domestic sales of plant-based meat products to 200 billion won ($151.9 million) by 2025, the company said on Monday. “The US and European countries including the UK and Germany, and Japan, which show increasing demand for Korean f...

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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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