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The Korea Herald

Markets

November 16, 2023
Food trade agency launches global low-carbon diet campaign

The Korea Agro-Fisheries & Food Trade Corp. said Wednesday it has launched a consultative body to promote low-carbon diets, against the backdrop of escalating calls to combat climate change. According to the food trade agency, the newly launched Low-carbon Diet Campaign Forum aims for the voluntar...
November 16, 2023
Korea to inject W1tr into youth employment programs

The Korean government will put up nearly 1 trillion won ($769 million) in a bid to encourage young people who are not in education, employment or training, known as NEET youth, to encourage them to return to the labor market. On the back of a strong job market, the employment rate of young Koreans...
November 16, 2023
Han Sung Motor commits to give back to society

In addition to such volunteering activities, Han Sung Motor has continued its "Dream Gream" project, which aims to sponsor the activities of young students talented in the arts. "Gream" comes from the Korean word "geurim," which means "painting" in Korean. Launched in 2012 together with the Korea ...
November 16, 2023
Naver's QR payment service available in 42 countries

Internet giant Naver’s payment platform, Naver Pay, said Wednesday that its QR-based offline payment service is now available at Alipay Plus merchants in 42 countries, mainly catering to Korean tourists. "We are committed to actively expanding our payment service to establish it as the preferred ...
November 16, 2023
Posco vows to foster startups, regional economies

Representatives from South Korean steel giant Posco on Wednesday met with government officials to explore ways to boost Korean startups and revitalize the regional economy, discussing the performance of its in-house venture development platform and its future outlook. The meeting took place at Cha...
November 16, 2023
S-Oil supports Korea Coast Guard

South Korean oil refiner S-Oil on Wednesday donated a fund of 270 million won ($207,408) at a ceremony held at the headquarters of the Korea Coast Guard in Incheon, together with the Korea National Council on Social Welfare, as part of its ongoing program to support the nation’s coast guard office...
November 16, 2023
[Herald Interview] Korean team wins James Dyson Award with ‘hands-free’ IV drip

Their idea of a portable IV drip pump came from their personal experiences. It was when Chae was hospitalized after getting COVID-19 that she learned how inconvenient it was to have to push around the IV pole everywhere she went. Bai, who is from China‘s Sichuan province, recalled her experience ...
November 16, 2023
Hyundai Motor chair wins top UK royal honor

Hyundai Motor Group Executive Chair Chung Euisun has received the Order of the British Empire from Britain's King Charles III, the carmaker said Wednesday. Among the five classes of the order, Chung was awarded the Honorary Commander of the Most Excellent Order of the British Empire. Colin Crooks,...
November 15, 2023
Weak won pushes import prices up in October

South Korea's import prices climbed for a fourth consecutive month following the devaluation of the Korean won, central bank data showed Wednesday. Export prices rose as well in the period. The import price index for October stood at 140.38, rising 0.5 percent from the month before. The figure has...
November 15, 2023
Hana holds conference for future female leaders

Hana Financial Group on Monday held a conference for Hana Waves, an in-house program to nurture future female leaders, to share the stories of nearly 100 leaders produced through the program over three years. Under the slogan “Women’s Actions, Voice, Emotion,” Hana started the first Hana Waves ...
November 15, 2023
KT&G unveils W2.8tr shareholder return plan

South Korea's largest tobacco company KT&G has unveiled a new shareholder return plan worth 2.8 trillion won ($2.1 billion), together with future business plans, during an online investor relations event. During the event held Monday under the title "KT&G Value Day," the company renewed its commit...
November 15, 2023
LG companies hint at grand promotions to celebrate Twins' big win

After 25 years, the LG Twins' Oh Ji-hwan was selected as this year's Korean Series MVP winner, and was the one to receive the Rolex watch. While expressing gratitude, Oh said he would give the watch to current LG Group Chairman Koo Kwang-mo, as it is an artifact left by the late chairman. Koo Kwan...
November 15, 2023
SK On to furlough workers, cut production at US plant

SK Battery America, SK On’s US subsidiary, will furlough workers at its battery plant in Jackson County, Georgia, and cut down production amid the sluggish electric vehicle market, the South Korean battery maker said Tuesday. “SK Battery America is temporarily adjusting its line operations and f...
November 15, 2023
Daewoong's Nabota tops botulinum toxin exports

Daewoong Pharmaceutical said Tuesday that its botulinum toxin product, Nabota, posted 113.3 billion won ($85.3 million) in sales as of the third quarter this year. Overseas sales made up 93.5 billion won or 83 percent of the total, the company added. Nabota's overseas sales have continued growing...
November 15, 2023
Business groups demand more flexible working hour system

Korean business groups were not fully happy with the government's proposal to mostly retain the existing 52-hour workweek system on Monday, calling for further reforms. The Ministry of Employment and Labor proposed to maintain the current workweek system while applying complementary measures for s...

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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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