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The Korea Herald

Markets

June 21, 2022
FTC could sanction AstraZeneca over alleged collusion

South Korea’s Fair Trade Commission is looking to impose sanctions against AstraZeneca over allegations that the global pharmaceutical firm colluded with a local firm to hinder the launch of cheaper generic drugs. The FTC has recently sent out an audit report to the two drug makers, according to ...
June 21, 2022
Nuri rocket ready to launch Tuesday

South Korea’s homegrown rocket Nuri is ready for blastoff on Tuesday, with hopes to deliver a complete and successful launch this time to officially signal the country’s entrance into the global space race. The Korea Aerospace Research Institute said Monday that Nuri, also known as the Korea Spa...
June 21, 2022
South Korea’s misery index reaches highest in 21 years

South Koreans experienced the greatest economic pain in May largely due to soaring consumer prices and higher unemployment rates, according to data on Monday. The nation’s “misery perceptions” index, calculated by adding the seasonally adjusted jobless rate to the annual inflation rate, stood a...
June 21, 2022
FSS chief calls for loan support for vulnerable

South Korea’s top financial regulator said Monday that banks should step up efforts to protect self-employed and small business owners who are affected most by surging interest rates, at a meeting held with 17 local bank CEOs ahead of a rate decision by the Bank of Korea in July. “Rising interes...
June 20, 2022
[Behind the wheel] Smooth and stable: Niro EV shines in the rain

Driving a small electric vehicle in the pouring rain isn’t always pleasant. But the second generation Kia Niro EV has proven that even a small EV can be stable and smooth under slippery conditions. Running on front-wheel drive, the battery-powered compact vehicle seemed to have an edge for drivin...
June 20, 2022
Revamped Nuri set for Tuesday launch

South Korea’s homegrown rocket, Nuri, is all set for liftoff on Tuesday, six days after a last-minute technical glitch was found. The Ministry of Science and ICT said Friday that the Korea Aerospace Research Institute (KARI) has identified the problem in one of the electric components of the sen...
June 20, 2022
Auto biz in focus as Samsung’s Lee returns from Europe

Samsung Electronics Vice Chairman Lee Jae-yong returned to South Korea Saturday, with a renewed focus on the auto parts business. As the de facto leader of Korea’s largest conglomerate arrived at Seoul Gimpo Business Aviation Center at around 9:40 a.m. on Saturday, he told reporters that he “cou...
June 20, 2022
SK chief calls for corporate value evaluation system

SK Chairman Chey Tae-won called on group executives to revamp a corporate valuation tool to better communicate with shareholders against the backdrop of global supply chain disruptions and monetary tightening, the company said Sunday. In an extended management meeting held Friday, Chey stressed ho...
June 20, 2022
KT, Hanmi invest in developer of digital therapeutics

KT and Hanmi Pharmaceutical have jointly invested in digital therapeutics developer Digital Pharm, officials said Sunday. With the investment, KT will be in charge of developing platforms for digital therapeutics, drafting business strategies and providing pipelines. Meanwhile, Hanmi plans to maxi...
June 20, 2022
[Herald Interview] ABL Bio moves up the ranks with $1b Sanofi deal

SAN DIEGO -- Over 250 Korean companies participated in this year’s BIO International Convention, the world’s largest biotechnology industry gathering that took place in person for the first time in three years. Except in the cases of big companies such as Celltrion and Samsung Biologics, most of...
June 20, 2022
Hyundai, Kia hit 3 million milestone in eco-friendly car sales

South Korean automotive duo Hyundai Motor and Kia’s sales of eco-friendly cars have reached the 3 million milestone. According to Hyundai Motor Group on Sunday, its two brands sold a total of 3,006,414 eco-friendly cars over the past 14 years. The figure makes up 3.2 percent of their total car sa...
June 20, 2022
S. Korea to extend fuel tax cuts amid inflation woes

The South Korean government on Sunday decided to further extend tax cuts on fuel consumption as part of efforts to ease inflationary pressure from surging energy costs. Starting next month, the legal cap of fuel tax cuts will be increased to 37 percent from the current 30 percent. The tentative me...
June 20, 2022
Kospi dives 18% this year, with no let-up in sight

South Korea’s benchmark Kospi recorded its second-biggest weekly loss last week since January this year, with no let-up in sight amid widespread fears of more big US Federal Reserve rate hikes. Industry watchers say a selling spree, led by foreign investors who hold almost one-third of Korean st...
June 19, 2022
[Behind the Wheel] A smooth and stable drive for Niro EV in the rain

Driving a small electric vehicle in the pouring rain isn’t always pleasant. But the second generation Kia Niro EV has proven that even a small EV can be stable and smooth under slippery conditions. Running on front-wheel drive, the battery-powered compact vehicle seemed to have an edge for drivin...
June 19, 2022
Repaired rocket Nuri to launch Tuesday

South Korea’s homegrown rocket Nuri is all set for liftoff on Tuesday, six days after a last-minute technical glitch was found. The Ministry of Science and ICT said Friday the Korea Aerospace Research Institute has identified the problem in one of the electric components of the sensor in the oxi...

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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
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