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The Korea Herald

Markets

July 03, 2022
Hyundai Motor Group to establish US corporate body in Delaware

South Korean automotive giant Hyundai Motor Group said Thursday that it would establish an overseas corporate body in the state of Delaware, as part of its focus to invest in US companies with future technologies and to manage them more efficiently. The decision follows a $10.5 billion investment ...
July 03, 2022
Internet-only banks lure customers with Tamagotchi-like savings accounts, digital piggy banks

Saving money is never fun. But when combined with a digital pet that grows alongside the size of your savings, it can be more motivating. South Korea’s three internet-only banks -- KakaoBank, K bank and Toss Bank -- have launched unique products such as Tamagotchi-like savings accounts, mobile jo...
July 03, 2022
Korea suffers all-time high trade deficit in 1st half

SEJONG -- South Korea posted a record-high trade deficit during the first half of 2022 in the wake of a spike in import prices of raw materials, state data showed Friday. According to the Ministry of Trade, Industry and Energy, the nation’s exports recorded $350.3 billion during the January-June ...
July 03, 2022
South Korea imposes zero tariffs on imported pork amid inflation woes

The South Korean government has begun imposing zero tariffs on 50,000 tons of imported pork from Thursday, in a move to stabilize skyrocketing prices of pork here. It is the first time in 11 years for the Ministry of Agriculture, Food and Rural Affairs to introduce a tariff quota on pork. The mini...
July 03, 2022
Vietnam outpaces S. Korea in instant noodle consumption

Vietnam outpaced South Korea in terms of instant noodle consumption per capita, on the Southeast Asian country’s growing purchasing power and economic growth rate, data showed Thursday. According to Nongshim, a leading ramyeon maker in South Korea, the average Vietnamese eats about 87 servings a ...
July 03, 2022
Top court clears Shinhan chief of unethical hiring claims

South Korea’s top court on Thursday cleared Shinhan Financial Group Chairman Cho Yong-byoung of unethical hiring charges, putting an end to a four-year legal battle and allowing a possible third term for Cho. The Supreme Court upheld the Seoul High Court’s decision in November last year to side ...
July 03, 2022
Posco Chemical, Britishvolt partner for battery materials development, supply

Posco Chemical, a chemical materials provider under South Korean steel giant Posco, has joined hands with UK’s sustainable, low-carbon battery company Britishvolt to co-develop battery materials and expand presence in the European market, according to the firm on Thursday. Under the partnership, ...
July 03, 2022
14 public firms warned over financial status

SEJONG -- Economic policymakers on Thursday designated 14 state-run companies as a group targeted for special control, citing their “risky” financial status. The companies included the Korea Electric Power Corp., the Korea Railroad Corp., the Korea National Oil Corp. and the Korea Land & Housing...
July 03, 2022
Slowdown to bite harder next year: experts

The US slowdown is set to cause economic headwinds for South Korea over the next year, though analysts said it would have less impact than the 2007-2008 financial crisis. Fei Xue, an Asia analyst at the Economist Intelligence Unit, told The Korea Herald that the US and EU represent “two major exp...
July 03, 2022
‘Understanding human desire crucial to mass market appeal’

As consumers tend to buy products based on their experience, a product designer should understand the basic needs of a human to come up with a creative design that catapults a product’s mass market appeal, the head of a design school under South Korea’s largest conglomerate told a conference Wedn...
July 03, 2022
[Herald Interview] Chilean dealers say SsangYong‘s new SUV Torres could be ‘winner’

Chile has been not only an important export destination for South Korean carmaker SsangYong Motor, but also a country that inspired the branding of its new sports utility vehicle, the Torres, on which the company has pinned its hopes for a restart. The mid-sized SUV, named after the Torres del Pain...
July 03, 2022
Samsung starts mass production of world’s first 3-nm chips

Samsung Electronics said Thursday it has started producing chips using its latest 3-nanometer manufacturing technology -- an industry first globally. The 3-nm technology boasts greater transistor density than the current 5-nm technology, which means higher speed and lower power consumption of adva...
July 03, 2022
LG Electronics, S.M. Entertainment launch home fitness service

LG Electronics and S.M. Entertainment unveiled on Thursday their joint venture Fitness Candy, targeting the at-home fitness market with digital workout content. The joint venture will have the home appliance maker develop an application, cloud server, online platforms, and necessary devices such a...
July 03, 2022
Men’s cosmetics sales in South Korea growing

South Korean health and beauty retailer CJ Olive Young said Thursday its sales of men’s cosmetic products in the first half of this year increased 24 percent compared to the same period last year. The retailer saw a 130 percent increase in the basic skin care category, which includes toners and l...
June 30, 2022
Worsening inflation outlook fuels sharper rate hike bets

South Korean consumers raised their outlook this month for where inflation will be in one year to the highest level in 10 years, a Bank of Korea survey showed Wednesday, reinforcing expectations that the central bank would be emboldened to back a steeper-than-expected rate hike in July. In a month...

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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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