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The Korea Herald

Markets

June 23, 2022
Lotte Mart adopts AI system for quality control of fruits

South Korean retail giant Lotte Mart said Wednesday it has adopted an artificial intelligence-based screening system for better quality control of fruit products, an industry first here. The AI screening system, using near-infrared light, collects and analyzes data from fruits ranging from weight ...
June 22, 2022
Korea enters ‘new space era’ with Nuri launch success

In its second attempt, South Korea successfully launched the nation’s first homegrown rocket into orbit on Tuesday, a landmark step that opens a new era of homegrown space technology and lays the foundation for outer space excursion. After spending eight months on improving technical problems tha...
June 22, 2022
Over 300 Korean companies serve as building blocks of Nuri success

Tight collaboration of all parties concerned is key to a rocket launch, as a minor technical glitch could botch years of efforts. Behind Tuesday’s successful launch of South Korea’s first homegrown rocket Nuri were the joint efforts of over 300 companies at home. Korea Aerospace Industries, bas...
June 22, 2022
S. Korea joins elite space club as 7th member

The country is also planning its first lunar orbit project, titled Danuri, slated to blast off on Aug. 2 from Florida. Danuri’s objectives include identifying potential landing sites for future lunar missions, demonstrating and verifying space internet technologies and conducting scientific invest...
June 22, 2022
SK chairman to be awarded French Legion of Honor

SK Chairman Chey Tae-won is to be awarded the French Legion of Honor, France’s highest civilian medal, during his trip to Paris later this week, according to news reports Tuesday. Chey, who has spearheaded South Korean capital investment in France, was reportedly recognized for his contributions ...
June 22, 2022
Chaebol groups batten down the hatches

South Korea’s chaebol groups are expected to take a more cautious approach toward hiring and spending as they brace for rough times ahead amid widespread fears of an economic downturn. Samsung Group held a rare CEO meeting on Monday, almost five years since a weekly meeting of top executives acro...
June 22, 2022
Yoon offers tax cut, more ‘jeonse’ loans in 1st housing measures

SEJONG -- The Yoon Suk-yeol administration on Tuesday unveiled the first batch of real estate measures, lowering tax burdens for first-time homeowners and expanding tax deductions for tenants, in what was the first step to realize its campaign pledge to “normalize” the housing market. The govern...
June 22, 2022
BOK warns inflation will rise further

The Bank of Korea said Tuesday that South Korea could see the annual increase in consumer prices this year top the 4.7 percent marked in 2008, the highest level in the last 20 years, as a global surge in materials and food costs adds pressure on Asia’s fourth-largest economy. “Given the surging ...
June 22, 2022
Crypto-related stocks plunge amid liquidity crisis

South Korea’s cryptocurrency-related stocks have been nosediving in recent weeks, weighed down by the growing liquidity crisis in the global virtual currency market, data showed Tuesday. According to the nation’s sole bourse operator Korea Exchange, Vidente, the largest shareholder of Bithumb Ho...
June 22, 2022
LS Cable supplies optical cables to Vietnam’s Viettel

LS Cable & System Asia, LS Group’s cable manufacturing unit, said Tuesday that it has delivered fiber optic cables manufactured in Vietnam to the country’s largest telecommunications operator Viettel. The latest deal with state-run Viettel comes amid soaring demand. LSCV had set up infrastructur...
June 21, 2022
Socially responsible investment bonds surpass W200tr in value

The aggregate value of Socially Responsible Investment bonds issued surpassed 200 trillion won for the first time, the Korea Exchange said. The total value of SRI bonds listed on the market stood at 200.2 trillion won as of June 10, marking a 154-fold increase from 1.3 trillion won in 2018 when an...
June 21, 2022
Yoon mulls extending retirement age of 60

SEJONG -- South Korea will embark on discussions and debates on extending the retirement age from the current 60, under the Yoon Suk-yeol administration’s economic policy approach to cope with workforce shortages caused by demographic change. In a comprehensive plan on the economy unveiled last w...
June 21, 2022
LG Chem to build hydrogen plant for net-zero goals

LG Chem said Monday that it is building its first hydrogen plant in South Korea as part of efforts to become carbon neutral throughout its petrochemical production. The plant, to be located in its complex in Daesan, South Chungcheong Province, will have an annual production capacity of 50,000 tons...
June 21, 2022
Naver, Qualcomm team up on 5G drones

Naver’s cloud computing arm Naver Cloud said Monday it has partnered with US chip giant Qualcomm and local drone developer Argosdyne to build the nation’s first drones running on the 5G wireless network. Under the partnership, Naver Cloud will build the 5G network infrastructure for drone servic...
June 21, 2022
SPC to build halal food factory in Malaysia

South Korean food company SPC group said on Monday that it has invested 40 billion won ($31 million) to enter Malaysia’s halal market with its bakery brand Paris Baguette. Halal refers to the types of food Muslims are permitted to eat in accordance with the Islam religion. As Muslims account for ...

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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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