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The Korea Herald

Markets

July 13, 2022
Dunamu to invest W500b over 5 years to create 10,000 jobs

Dunamu, the operator of local crypto exchange Upbit, will invest 500 billion won ($380 million) to create 10,000 new jobs over the next five years. The blockchain company plans to nurture 500 promising startups and create around 8,000 new jobs to operate startup counseling programs, according to D...
July 12, 2022
Seoul housing prices show signs of slowdown

South Korea’s overheated housing market is showing signs of cooling down, as Seoul’s housing prices have inched down in recent months with persistent inflation and soaring interest rates squeezing household budgets. According to the Land Ministry on Monday, apartment prices in Apgujeong-dong, a ...
July 12, 2022
New FSC chief vows to stabilize markets, ease rules

Kim Joo-hyun, the new chief of the Financial Services Commission, said Monday that he would leverage all means and cooperate with authorities for financial market stabilization amid growing fears that aggressive rate hikes by the US Federal Reserve would further dampen investor optimism here. “Ra...
July 12, 2022
Eco-friendly vehicles make up 30.3% of Korea’s automotive exports

Eco-friendly vehicles were responsible for 30.3 percent of South Korea’s total car exports in the first five months of this year, according to the Korea International Trade Association on Monday. South Korea exported $20.45 billion worth of cars from January to May, and 30.3 percent of them were ...
July 12, 2022
[Herald Interview] All-in-one diagnosis of diseases possible, proteomics expert says

More research into proteomics -- the study of the collection of proteins in the human body -- could infinitely upgrade the diagnosis sector so that all types of diseases can be easily detected in the early stages, a proteomics expert said. “There are diseases that have limited relations with DNA ...
July 12, 2022
S. Korean convenience stores make forays into Malaysia

South Korean convenience stores are actively making forays into Malaysia, a lucrative market based on growing local demand for consumer goods and convenience stores, along with the Malaysian public’s great interest in Korean food. Korean convenience store chain GS25 said Monday it has partnered w...
July 12, 2022
Total card spending increases in May amid eased COVID-19 restrictions

Card spending surged more than 20 percent in May compared to the same month last year, according to data from the Credit Finance Association of Korea (CREFIA). CREFIA said Monday in a report that total card spending, including credit, debit and corporate cards, amounted to 99.3 trillion won ($76.3...
July 11, 2022
Retail giants race to build shopping complex in Gwangju

Lotte, Shinsegae and Hyundai, the three retail giants of South Korea, are scrambling to be the first to build a new mega shopping complex in the southwestern city of Gwangju, one of the key campaign pledges of President Yoon Suk-yeol that is aimed at facilitating the local economy. Hyundai Departm...
July 11, 2022
Kakao Mobility at crossroads amid sell-off rumors

A dispute between Kakao Corp. management and its labor union is growing over the IT giant’s rumored attempt to sell its transportation service subsidiary Kakao Mobility to private equity firm MBK Partners. Kakao’s labor union on Wednesday accused the management of giving up on its mobility busin...
July 11, 2022
Only 6.3% of Korea’s board members are women: survey

Women occupied only about 6.3 percent of corporate board positions at South Korea’s 353 largest companies in the first quarter this year, according to a survey released by corporate tracker Leaders’ Index on Sunday. The survey shows there are still fewer than a thousand women in executive positi...
July 11, 2022
SKC breaks ground for Europe’s largest copper foil factory

South Korean chemicals-to-materials firm SKC said Friday that the company has kicked off construction of Europe’s largest copper foil factory in Poland. The firm’s copper foil manufacturing and investment unit, SK Nexilis, is spending 900 billion won ($693 million) to establish a copper foil pro...
July 11, 2022
KRX to unveil rules for corporate sustainability disclosures

Korea Exchange CEO Sohn Byung-doo said Thursday that the bourse operator will set out guidelines on the way listed companies should report their progress on environmental, social and governance issues. The sustainability disclosures become mandatory in 2025. “The ESG initiative is one of the four...
July 11, 2022
Yoon determines 0% quota tariff on livestock to tame inflation

SEJONG -- Economic policymakers on Friday unveiled a policy of adding a zero-percent quota tariff on some imported daily necessities, including livestock products, in an attempt to tame the recent spike in consumer prices. The policy drawn by a group of ministries including the Ministry of Economy...
July 11, 2022
Hyundai’s Brazil-exclusive hatchback HB20 revamped

Hyundai Motor has launched a completely redesigned HB20, a compact hatchback made exclusively for the Brazilian market. The 2022 revamp comes three years after Hyundai Motor launched the second generation HB20 in 2019. While most automakers update their vehicles once every five years or so, Hyund...
July 11, 2022
Korean Air ranks first in global customer satisfaction for 18th consecutive year

The country’s largest air carrier Korean Air took first place in the air passenger transportation sector of the 2022 Global Customer Satisfaction Index (GCSI) awards for the 18th time since 2005 on Thursday. The GCSI awards recognize the best Korean corporations in each category by evaluating cus...

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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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