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The Korea Herald

Markets

July 08, 2022
Posco International‘s Mexico plant begins construction

Posco International said Thursday that the construction of an electric vehicle parts manufacturing plant in Mexico has begun to expand its business in the fast-growing sector, the company said Thursday. Located in Ramos Arizpe in the state of Coahuila in northeastern Mexico, the plant is set to be...
July 08, 2022
Samsung’s upbeat earnings overshadowed by uncertainty

Samsung Electronics’ extraordinary winning streak over the past three quarters is likely to end in the second quarter this year amid growing uncertainties surrounding the war in Ukraine, rising costs and inflation fears. In its earnings guidance released Thursday, the South Korean tech giant proj...
July 08, 2022
Homeplus sets ‘Return’ as keyword in H1

South Korean discount chain Homeplus said Thursday that it has carried out various marketing efforts by setting “Return” as the keyword that best describes its corporate activities in the first half. “To celebrate us returning to normalcy, Homeplus prepared for the change and made large-scale i...
July 08, 2022
SK chief meets Mexico’s top diplomat

SK Group Chairman Chey Tae-won met with Mexico’s top diplomat at the SK headquarters in Seoul on Wednesday, where he stressed that the conglomerate will play an active role in economic cooperation between the two countries. Chey also asked for Mexico’s support of South Korea’s bid to host the 2...
July 08, 2022
Korea’s current account surplus drops on soaring energy prices

South Korea’s current account swung back into the black in May from a deficit the previous month that snapped 23 months of surplus booked since May 2020, but the latest surplus of $3.86 million marked a fall from a year earlier, preliminary data from the Bank of Korea showed Thursday. Soaring coa...
July 08, 2022
[Herald Interview] Genesis G70 Shooting Brake seeks to become heritage model

Although sales of the Genesis G70 Shooting Brake in Europe were not impressive, selling a total of 552 cars last year, Hyundai Motor is putting high hopes on the model to catch drivers’ attention in the domestic market. “The G70 Shooting Brake was a must for Genesis, not just to target the globa...
July 08, 2022
No. of overseas travelers surges 233% in H1

The number of overseas travelers spiked to over 3.93 million in the first half of this year, surging 233.2 percent on-year, fueled by the lifting of aviation restrictions and antivirus regulations, according to Incheon Airport on Thursday. “The increase was most noticeable in May and June when th...
July 08, 2022
Industry minister stresses nuclear power to overcome crisis

South Korea should raise export competitiveness and make full use of nuclear power to tide over the global inflation and energy shock, Industry Minister Lee Chang-yang said Wednesday. “Global inflation and the energy price hike have shocked our economy. As Korea is highly dependent on energy impo...
July 08, 2022
[Behind the Wheel] SsangYong’s Torres: Affordable SUV fit for the outdoors

It’s no wonder SsangYong Motor’s Chilean dealers came up with the name Torres when they first saw the carmaker’s new midsize sport utility vehicle. The Torres looks tough enough to navigate through the soaring mountains of the Torres del Paine National Park in Chile’s Patagonia region. Unlike ...
July 08, 2022
Posco Chemical unveils carbon neutrality roadmap

Posco Chemical on Wednesday unveiled a carbon neutrality roadmap for its battery materials business, aiming to meet RE100 standards by around 2035. It aims to replace 100 percent of the electricity it uses for producing cathode and anode materials with eco-friendly sources. But the company said th...
July 08, 2022
Fields Medal winner highlights importance of communication

Korean American mathematician June Huh on Wednesday underlined the importance of communication and collaboration when it comes to solving difficult problems in mathematics, a day after he became the first person of Korean descent to win the internationally prestigious Fields Medal. “The charming ...
July 08, 2022
Ruling party leaders call on Yoon to prioritize people’s living conditions

SEJONG -- Political heavyweights from the ruling People Power Party vowed not spare any effort to overcome economic challenges during a meeting with senior government officials and presidential aides in Seoul on Wednesday. Their meeting comes as the nation’s inflation -- 6 percent in June -- hit ...
July 08, 2022
Hana Bank, Kyung Hee Univ. start philanthropic campaign

Hana Bank, one of the five biggest banks in South Korea, and Kyung Hee University launched a philanthropy campaign Wednesday to ask people to leave their fortunes to charity amid growing awareness of charity pledges and leaving behind a positive social impact. The bank will help those seeking to p...
July 08, 2022
Kolon Group unveils hydrogen vision under ‘Kolon H2 Platform’

Fashion-to-energy conglomerate Kolon Group said Wednesday that its pick of hydrogen fuel cell energy as the group’s core business for the future will expand under its unique, one-stop service platform for hydrogen business with an aim to become the industry’s major supplier. As part of the “Kol...
July 08, 2022
Look up for dinner: Convenience stores race for drone delivery

South Korean convenience stores are testing their service accessibility to remote areas by deploying drones for delivery use to enhance customer experience. Local convenience store chain CU said Wednesday that it has launched a drone delivery service for the first time at CU’s Yeongwol Gongju bra...

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EDITOR'S PICKS

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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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099