THE INVESTOR

▶주메뉴 바로가기

▶본문 바로가기

The Korea Herald

Economy

May 16, 2024
KITA, FKI chiefs call for mutual benefit from US investment

In a meeting with US Senator Brian Schatz and US representative Mike Kelly, the FKI chairman asked for their support to prevent Korean companies from being treated unfavorably in terms of subsidies or regulations so that their investments can lead to the success of the US economy and produce mutual...
May 14, 2024
Korea eyes leadership in advanced air mobility standardization

South Korea took the initiative to lead standardization in the global advanced air mobility sector as it launched the Global Association for Advanced Air Mobility, or G3AM, in Seoul on Tuesday. According to the Ministry of Science and ICT, the G3AM is the world’s first global association for AAM ...
May 12, 2024
Loans of self-employed swell 50% in four years

The reliance on bank loans among self-employed South Koreans has surged considerably since the onset of the pandemic, with the overall loan volume and the default rate rising steeply in the past four years. According to data from the nation's major credit ratings firm Nice, provided to Rep. Yang K...
May 10, 2024
Science Ministry expresses regret over Japan’s pressure on Naver

The Science Ministry on Friday expressed regret over the Japanese government’s pressure on Naver to shed its ownership stakes in the popular messaging app Line, hinting at "strong and stern" measures if necessary. “The Seoul government's firm position is that we’ll ensure Korean companies, incl...
May 10, 2024
Bithumb to pay W40b taxes for crypto airdrop winners

Korea's major cryptocurrency exchange Bithumb said Friday that it will cover all the 40 billion won ($30 million) of taxes imposed on the winners of its crypto airdrop events. According to Bithumb, some 10,700 users were slapped with a combined 20 billion won in taxes last year for their compensat...
May 10, 2024
Financial regulator to complete short selling probe this year

South Korea's chief financial regulator, Financial Supervisory Service Governor Lee Bok-hyun, said the agency plans to conclude its ongoing investigation into illegal short selling by the end of the year. He made the statement during a meeting with a group of reporters on Thursday. "We've complete...
May 09, 2024
Yoon doubles down on repeal of financial investment income tax

President Yoon Suk Yeol on Thursday has expressed a strong willingness to rescind the introduction of capital gains taxes on financial investment incomes, asserting the legislation would bring massive outflow of funds from the country’s capital market. “Not only is the understanding of 14 millio...
May 09, 2024
Minister says chip subsidy a ‘tall order’

Countries have been rolling out competitive subsidy programs to boost their edge in the critical semiconductor industry. For South Korea, it is difficult to come up with such direct support programs, but the government is working to create an environment to benefit long-term investment in the sect...
May 08, 2024
Over 80,000 millionaires, 20 billionaires in Seoul: report

There are over 80,000 individuals with wealth exceeding $1 million residing in Seoul, making it the 19th city in the world with the highest number of millionaires, a recent study found. Around 82,500 residents in Seoul have wealth exceeding $1 million as of December, according to the “2024 World’...
May 08, 2024
Minister pledges support for Naver in Line dispute

Korea will put Naver’s interest in the forefront in coming up with countermeasures to cope with the Korean IT firm’s conundrum of the Japanese government’s pressure on Naver to give up its ownership in Line, a leading messaging app in Japan that Naver has fostered for over a dozen years, the Kor...
May 08, 2024
Korean battery makers heave sigh of relief over 2-year IRA reprieve

South Korea's battery industry has secured a two-year reprieve from the US Inflation Reduction Act restrictions on electric vehicle batteries containing Chinese graphite, giving it time to diversify its supply chain while the Korean government has committed 9.7 trillion won ($7.1 billion) in policy...
May 07, 2024
Dried seaweed prices skyrocket to highest-ever level

The wholesale price of gim, or dried seaweed, in South Korea in April nearly doubled from last year, rising to its highest-ever level. A 100-sheet package of gim was traded at an average of 10,089 won ($7.4) in April, soaring by 80.1 percent compared to the same month in 2023, according to the sta...
May 07, 2024
NPS commits record W1.5tr for alternative investments

South Korea's National Pension Service will pour a record 1.5 trillion won ($1.1 billion) in alternative assets managed by external managers this year, the largest such allocation in the fund's history. The majority of the sum, 1 trillion won, will go to private equity funds, according to a recent...
May 06, 2024
Value-up program: Market disappointment does not mean a failure, just yet

The Korean government's corporate value enhancement guidelines revealed last week may have disappointed investors, yet experts believe there is room for improvement. After a three-month wait following the initial announcement of the corporate value-up program in February, the Financial Services Co...
May 03, 2024
Samsung chief returns from Europe after meeting with Pope, business leaders

On April 26, Lee met with top executives of the German optics manufacturer Zeiss, a crucial partner for the Korean tech giant's push to lead the burgeoning market for artificial intelligence chips. He toured the Zeiss headquarters in Oberkochen and also discussed long-term partnership with Zeiss G...

11 12 13 14 15 16 17 18 19 20

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

FAMILY SITE GO

Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099