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The Korea Herald

Markets

June 06, 2022
Inflation exceeds 5% for 1st time in 13 years

SEJONG -- Korea’s inflation surpassed 5 percent on-year last month in the wake of an ongoing glitch in global supply and rapid growth in domestic demand amid normalization from the pandemic, state data showed Friday. According to Statistics Korea, consumer prices climbed 5.4 percent in May compar...
June 06, 2022
KB raises awareness of saving bees for World Environment Day

KB Financial Group said Friday it had produced and launched a video highlighting the impact of the declining bee population on the environment for the upcoming World Environment Day. The video titled “Warning of the Bees” portrays how climate change and excessive exposure to pesticides threaten ...
June 06, 2022
Aviation service restrictions to be lifted, more outbound routes approved

South Korea’s Transport Ministry said Friday that it would lift restrictions on the operation of international flights and also expand the number of outbound routes, getting ready to go back to pre-pandemic status. Authorities said measures for aviation industry’s normalization will be applied f...
June 06, 2022
BOK chief stresses post-pandemic role

Central banks should think about what they should do besides keeping prices stable as emerging economies including South Korea struggle to avert anemic growth once persistent inflation caused by the pandemic cools off, Bank of Gov. Rhee Chang-yong said Thursday at a conference. “To escape a low g...
June 06, 2022
Finance minister warns against wage, price hikes

SEJONG -- South Korea’s fiscal chief on Thursday called on businesses to refrain from raising product prices and wages amid lingering fears of rising inflation. The comments from Deputy Prime Minister and Finance Minister Choo Kyung-ho came during his meeting with heads of the nation’s six busin...
June 06, 2022
Posco International resumes operation of grain export terminal in Ukraine

After a monthslong supply disruption due to the war in Ukraine, Posco International said Thursday that it has partially resumed operation of its grain export terminal located in the country’s eastern border area. According to the company, its operation resumption follows its clients’ request for...
June 06, 2022
LG, Guggenheim Museum to spur innovation in art world

LG Group said Thursday it has partnered with the Guggenheim Museum, a world-renowned modern and contemporary art museum based in New York, to spur innovation in the art world using its technological prowess. The nation’s fourth-largest conglomerate plans to discover and support the convergence of...
June 06, 2022
SK Telecom CEO touts UAM as ‘game changer’

SK Telecom CEO Ryu Young-sang on Thursday showed confidence in debuting the telecommunications giant’s own urban air mobility service by 2025, touting UAM or flying vehicles as a “game changer” that will offer solutions to resolving social costs of traffic-related issues. “Today’s business en...
June 06, 2022
Talks for alternative trading system gain steam

South Korean brokerages’ yearslong plan to launch the first alternative trading system here has entered a new phase, with more companies expressing support and the exchange’s ownership structure getting clearer, media reports said Thursday. According to local reports, 30 small and medium-sized b...
June 06, 2022
Rsquare makes foray into Singapore’s real estate market

South Korean real estate platform Rsquare said Thursday it has collected over 65,000 pieces of commercial real estate data in Singapore, officially launching its business in the major Asia-Pacific hub. The company has compiled both quantitative and qualitative data on office buildings, hotels, dis...
June 06, 2022
Coupang added almost 30,000 new jobs last year

South Korean e-commerce giant Coupang topped the list of the largest employers here last year, adding almost 30,000 new jobs in 2021 alone, according to industry data released Thursday. Market tracker Korea CXO Institute reported that Coupang hired 29,361 new employees in 2021, with its total work...
June 06, 2022
Samsung, Naver work on private 5G network

Samsung Electronics said Thursday it is teaming up with internet giant Naver to set up the nation’s first-ever private 5G network. The private wireless 5G network, designed to support secure and data-intensive communications of a specific entity within a specific area, will be deployed in Naver’...
June 02, 2022
[Market Eye] Qualcomm reignites Arm consortium talks, SK hynix alliance

The latest open remarks by US tech giant Qualcomm’s CEO Cristiano Amon has reignited speculation that the firm would purchase a stake in SoftBank-backed chip designer Arm through a consortium with global chipmaking rivals including South Korean firm SK hynix. This highlights the growing cash pile...
June 02, 2022
Kakao’s ‘Metaverse Work System’ faces internal resistance

South Korean tech giant Kakao said Wednesday that it will revise its Metaverse Work System that would allow employees to work remotely but connect them online at all times, after it drew ire over excessive monitoring. Kakao CEO Namkoong Whon said in an announcement to staff that he will consider c...
June 02, 2022
Single-person households spend most on housing, utilities

Housing-related expenditures such as rent, water, electricity and gas accounted for the largest part of a single-person households’ spending in South Korea, government data showed Wednesday. For the first three months of this year, single-person households spent a monthly average of 300,000 won (...

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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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