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The Korea Herald

Markets

July 05, 2022
Hyundai’s hydrogen drive faces dilemma

Despite Hyundai Motor Group’s aggressive push for green cars, there has been no clear sign of a breakthrough in its hydrogen drive in the past four years, with seemingly indefinite delays in new model launches. According to industry sources, the carmaker has suspended plans to produce the next-ge...
July 05, 2022
Kospi tumbles to new low for the year

South Korea’s key stock index plummeted to a fresh low for the year in morning trade on Monday as recession fears grew ahead of the Bank of Korea’s rate-setting meeting scheduled next week. The benchmark Kospi opened 0.23 percent higher from the previous closing at 2,310.73, but soon fell below ...
July 05, 2022
Korea, Japan business leaders echo urgent need for summit

The Federation of Korean Industries held a meeting with its Japanese counterpart Keidanren, or the Japan Business Federation, in Seoul on Monday after a three-year hiatus spurred by the COVID-19 pandemic. The two business lobbies have held an annual meeting, known as the Korea-Japan Business Counc...
July 05, 2022
[News Focus] Will Korea have authority of independent financial sanctions?

SEJONG -- The Yoon Suk-yeol administration is considering revising the law on foreign exchange transactions for the first time since it was legislated 23 years ago, officials said Monday, drawing market eyes to whether the government would be granted the authority to impose financial sanctions on o...
July 05, 2022
Winds of change shake Samsung’s militant work culture

A 6:30 a.m. commute bus, three nutritious meals a day at the cafeteria and a pride that runs deep for being a part of South Korea‘s largest and richest conglomerate have been among many features that captured the “Samsung man” -- trained to fit into the gigantic and somewhat militant organizatio...
July 05, 2022
Monkeypox test kits may not reap big rewards

South Korean companies are dashing to develop monkeypox diagnostic kits as the country confirmed the first case of the rare infectious disease last month. Several firms that had success with the development of COVID-19 diagnostic kits in the earlier days of the pandemic, including Bioneer, Boditec...
July 05, 2022
Korean Police brace for dystopian future with plans for power armor, robot dogs

The “Iron Man Police” project involves developing wearable suits that increase officers’ strength. It features an AI security advisory system similar to the superhero’s artificial intelligence butler Jarvis. The necessary technology is set to be developed by 2027. Dogs will no longer be the on...
July 04, 2022
Fiscal chief vows help with falling exports

Finance Minister Choo Kyung-ho said Sunday that he would help Korean companies sell more goods overseas by offering more loans at a time when Korea’s exports snapped 15 months of double-digit growth in June, stocking recession worries. The trade deficit in January-June this year reached $10.3 bil...
July 04, 2022
LG Energy Solution chief in Europe to push factory automation

South Korean lithium-ion automotive battery maker LG Energy Solution announced Sunday that its Chief Executive Officer and Vice Chairman Kwon Young-soo has embarked on a trip to Europe to support the company’s push for the automation of manufacturing. Kwon left Seoul on Sunday with he plans to vi...
July 04, 2022
KB chief vows to serve customers amid economic uncertainty

KB Financial Group Chairman Yoon Jong-kyoo said Friday that he would better serve customers by giving them what they need amid worsening inflation pushing up interest rates, at a biannual meeting with executives held in-person for the first time since January 2020. “The mission of financial insti...
July 04, 2022
No. overseas travelers surpasses 1 million mark in June

The number of international travelers spiked to 1.28 million last month, surging 420 percent on-year, despite surging airfares and insufficient flight schedules, the Transport Ministry said Sunday. This was the first time that the number of monthly international travelers surpassed 1 million since...
July 04, 2022
Retail inflows at 2-year low as recession worries mount

The average daily trading volume of retail investors on the main board Kospi in June dropped to its lowest level since February 2020, data from the Korea Exchange showed Sunday. The fall comes as investors are bracing for a growth slowdown from the US Federal Reserve’s rate hikes. The value of sh...
July 04, 2022
[Exclusive] SK Pharmteco to invest extra $30m for Irish plant expansion

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
July 04, 2022
Calls grow over legislation of digital data inheritance

When a person dies, a will provides instructions on where and to whom their property, possessions and asset go. But what happens to the things they leave behind that only exist online? A local platform operator said Sunday that it had been working with law firms on a bill that would define the typ...
July 04, 2022
Hatchback is back

For hatchback models, with a much shorter body compared to wagons, French carmaker Peugeot newly launched its Peugeot 308 earlier this month, unveiling the model fully changed after nine years. Earlier this year, Volkswagen also revived the popular hatchback model Golf with the eighth generation of...

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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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