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The Korea Herald

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July 14, 2022
KFS aims to open new era of forest renaissance

The Korea Forest Service has said it will step up efforts to promote the role of forests in improving the environment, economy and quality of people’s lives by pursuing sustainable forest management. Under its slogan “forest renaissance,” the KFS seeks a balance between development and conserva...
July 14, 2022
LG Chem reaches out to society as ‘Green Connector’

Under a new vision called “Green Connector,” South Korea’s leading chemicals maker LG Chem is expanding activities to help resolve environmental and social problems. To raise awareness of the importance of biodiversity, the company has refurbished the Bamseom Ecological Experience Center on Map...
July 14, 2022
[From the Scene] Type and go: Self-cruising boats for leisure coming October

After the anchor was lifted for a test ride on Incheon waters, captain Lee Jun-sik at Avikus, a local autonomous navigation software venture, turned to a tablet PC, not the helm, to steer the boat. Lee simply types in where he wishes to go, and then the system automatically comes up with the best ...
July 14, 2022
SK Telecom’s ifland to circulate in-metaverse cash

SK Telecom will distribute and circulate in-metaverse cash on its virtual platform ifland to encourage more participation from users starting in the third quarter, the South Korean mobile carrier said Wednesday. Calling it an introduction of an internal economic system, ifland users will be given ...
July 14, 2022
Korea to change expiration date labeling system

South Korea’s food expiration labeling system is set to change for the first time in 38 years, starting January, under a new policy measure to reduce food waste. The revised bill on the food labeling and advertising act that passed last August replaces the current “sell-by” dates with “use-by”...
July 13, 2022
Hyundai Motor to build first local factory in 29 years

Hyundai Motor will build an electric vehicle production factory in South Korea by 2025, making it the carmaker’s first investment in expanding its local manufacturing capacity in 29 years. The envisioned factory will be first-ever EV-dedicated manufacturing facility here, the company said. The pl...
July 13, 2022
Construction of nuclear reactors in Korea to resume in 2024

SEJONG -- South Korea will resume the construction of new nuclear reactors in the country’s southeastern industrial city of Uljin, speeding up the nuclear energy drive it announced earlier this month, the energy minister said in a briefing to President Yoon Suk-yeol on Tuesday. The construction o...
July 13, 2022
Hanmi Global acquires UK consultancy Walker Sime

Korean construction management firm Hanmi Global said Tuesday that it has acquired UK-based construction consultancy Walker Sime. Walker Sime, established in Manchester, England, in 1999, provides specialist services including quantity surveying, project management, employer agents and commercial ...
July 13, 2022
Logistics venture DSF signed MOU to support Ukraine

Korean logistics venture DSF L&I has signed a memorandum of understanding with a non-profit organization Eurasian Business Association to implement relief and restoration projects in Ukraine, the company said Tuesday. The signing ceremony was held last month during a seminar on humanitarian aid an...
July 13, 2022
Korea’s focus on chips sidelines display industry

Flat-panel displays usually come hand-in-hand with semiconductor chips as they are both considered basic elements of most electronic devices. But with the Yoon Suk-yeol administration placing its policy focus on chips amid a pivot to “economic security” based on the alliance with the US, South K...
July 13, 2022
SPC Group chairman attends Choose France event

SPC Group Chairman Hur Young-in attended a global business event held by the French government as the only Korean entrepreneur to have participated in the event twice, the food company said Tuesday. The one-day event, called Choose France, invites overseas companies to accelerate their investment ...
July 13, 2022
Mercedes-Benz CSR donates W530m to support underprivileged kids

The Mercedes-Benz CSR Committee donated 530 million won ($403,000) raised through the ninth Mercedes-Benz Give ’N’ Race to provide medical and education expenses to underprivileged children and teenagers. The donation will be delivered to Gangnam Severance Hospital’s Rare Incurable Disease proj...
July 13, 2022
Movie tickets likely to be made tax deductible

South Korea’s Finance Ministry is set to announce a legal revision bill next week that includes tax deductions on movie tickets and a raise to the tax exemption for company meal plans for middle-class workers. Under the current tax law, the government offers a 30 percent tax cut on cultural expen...
July 13, 2022
Only 2 Korean firms listed in top 100 ICT companies worldwide: FKI

South Korea has only two companies on the list of the world’s top 100 information and communications technology firms, despite the country’s self-claimed label as an ICT powerhouse, the Federation of Korean Industries said Tuesday. The KFI used the database from company tracker S&P Capital IQ to...
July 13, 2022
Digital health care for seniors blue ocean in S. Korea: report

With the emerging digital health care market sparked by the coronavirus pandemic, demand for digital health care services for seniors is continuing to grow in South Korea, a report showed Tuesday. According to Samjong KPMG, a Seoul-based consulting firm, the digital literacy level of the elderly h...

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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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