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The Korea Herald

Markets

July 17, 2022
Ioniq 6 makes world premiere at returning Busan show

The New 2 Series Active Tourer, which has been fully revamped for the first time in eight years, has enhanced powertrain and connectivity technology, becoming a new flagship premium crossover model with dynamic driving performance. The 2022 Busan International Motor Show runs at Bexco until July 2...
July 17, 2022
HMM to invest W15tr to become worldwide leader in shipping

The country‘s top shipping company HMM is aiming to become a global industry leader by investing 15 trillion won ($11.4 billion) over the next five years. “We consider this investment the least that we can do to make our company a sustainable and stable company amid growing uncertainties in the ...
July 17, 2022
KT, CJ ENM join forces to set up Korea’s largest streaming platform

KT and CJ ENM have decided to merge their over-the-top video streaming platforms -- Seezn and Tving -- to create the largest Korean-made video streaming platform. The merger could accelerate the growth of Korean video content, officials said Thursday. The two companies each held board of directors...
July 17, 2022
Family ownership of Hankook Tire loses lawsuit over hiding assets overseas

The family ownership of Hankook Tire and Technology, the world’s sixth-largest tiremaker, has lost a lawsuit against the local tax agency concerning a fine of 4.59 billion won ($3.5 million) for allegedly hiding assets overseas. The Seoul Administrative Court recently ruled against the suit broug...
July 17, 2022
‘Wage hike pressure due to inflation will be hardest’

Pressure to raise wages amid rising inflation will be the biggest ordeal for businesses, in the long run, said Chey Tae-won, who is chairman of both SK Group and the Korean Chamber of Commerce and Industry, the nation‘s largest business lobby. “Dealing with inflation was expected,” Chey told re...
July 17, 2022
In face of steep inflation, Koreans ponder samgyetang

For Oh Ju-ha, a housewife in her 50s, having samgyetang, or ginseng chicken soup, has for many years been a way to endure the highest temperatures of summer. But she is having second thoughts this year. “I’m thinking about making kongguksu (soy milk noodle soup) for this chobok, instead. It’s a...
July 17, 2022
LG Uplus launches simpler bundle service

LG Uplus has launched a new subscription service that offers more convenient access, cheaper bundle deals and a simpler cancellation process in order to maximize customized experiences for its users, the South Korean mobile carrier said Thursday. The new subscription service‘s name, Udok, is a co...
July 17, 2022
Samsung samples world’s fastest GDDR6 memory using EUV tech

Chip-to-smartphone giant Samsung Electronics said Thursday it has unveiled the industry’s fastest GDDR6-standard memory chips for next-generation graphics cards, using the cutting-edge extreme ultraviolet photolithography process. The newest third-generation 10 nanometer-class GDDR6 DRAM is desig...
July 14, 2022
Short selling ban back in focus amid doubts

South Korea’s top financial policymaker on Monday hinted at banning short selling again to prevent a jumpy stock market, but some market analysts say the plan should be reexamined since its effect on long-term market stability is still debatable. The ban -- which was temporarily put on the bench...
July 14, 2022
BOK backs historic rate hike amid looming recession risk

The Bank of Korea delivered a half-point interest rate hike Wednesday, the biggest increase since 1999, to tame unruly inflation, amid growing concerns the move could trigger soaring debt burden and an abrupt economic slowdown. The hike, which comes after inflation hit a 24-year high of six percen...
July 14, 2022
June Huh encourages students to pace themselves

Korean American mathematician June Huh -- winner of the 2022 Fields Medal, the highest award in mathematics -- encouraged young students to stay patient with themselves when trying to figure out what they like. “If you are trying to like something but it’s hard to do so, I think you should suppo...
July 14, 2022
[Herald Interview] Korea steps up for sustainable forest management around the world

“The KFS has helped build forests for recreational use in Indonesia’s Lombok and Cambodia to help the local economy while conserving forests. We are also sharing know-how on forest education programs,” Nam said. In May, Korea and the FAO hosted the 15th World Forestry Congress in Seoul, drawing...
July 14, 2022
Over 50s make up 85% of job increases

SEJONG -- The number of employed across the nation increased for the 16th consecutive month, with the tally for June climbing by more than 800,000 on-year, state data showed Wednesday. While brisk hiring continued last month, employment by age indicates that young generations still suffer a tough ...
July 14, 2022
SK Innovation invests $20m in Fulcrum BioEnergy

South Korean chemical firm SK Innovation said Wednesday it has made a $20 million equity investment in US renewable fuels firm Fulcrum BioEnergy in a new rights offering. Fulcrum has commercialized a process to produce synthetic oil for transportation by gasifying household waste. With the fresh ...
July 14, 2022
US Treasury secretary’s Seoul visit raises expectation on currency swap

United States Treasury Secretary Janet Yellen is poised to hold talks with South Korea‘s key financial policymakers, raising market expectations of a possible currency swap amid the growing strength of the US dollar against the local currency. Her two-day visit to Korea on July 19-20 will take p...

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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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