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The Korea Herald

Economy

March 20, 2024
[Contribution] Don’t just wait for the lucky dragon

By Marc Van de Walle A New Year is always a time to reflect on the previous year, what we might learn from it and then apply these learnings going forward. What better time for reflection than now, as we usher in the Year of the Dragon, considered one of the most auspicious creatures in the Chines...
March 19, 2024
New marriages bounce back buoyed by international couples

One in 10 couples who tied the knot in South Korea last year included a partner of foreign nationality. The growing number of international marriages helped the total number of newly married couples last year to rebound for the first time in 12 years. The number of international marriages stood at...
March 18, 2024
Regulator launches probe into Netflix, Wavve over alleged unfair biz practices

South Korea's antitrust regulator has launched an on-site inspection into over-the-top streaming platforms Netflix and Wavve on suspicions of their failure to properly notify users of terms of an early subscription cancellation, officials said Monday. The Fair Trade Commission (FTC) sent inspector...
March 18, 2024
[Herald Interview] Lithium-rich Chile seeks to lure more Korean investment

Of particular interest are opportunities in the lithium industry, where Chile aims to leverage its position as a global leader in lithium reserves. With plans to adopt direct extraction technology and move up the value chain to produce value-added lithium products, collaborations with Korean compa...
March 16, 2024
Is money flocking to the strong crypto market in Korea?

Bitcoin, the leading cryptocurrency, continues its robust performance by hitting successive all-time highs, marking a trend of strength. However, as the domestic stock market remains in a state of stagnation, there are indications that substantial idle funds in the market have significantly withdr...
March 15, 2024
Overseas direct purchases to lead e-commerce trends: data

Amid escalating competition in Korea's e-commerce landscape, direct overseas transactions between individual sellers and consumers have become a growing trend, according to eBay. On Friday, eBay unveiled insights into this year's online direct purchase market, drawing from comprehensive annual sal...
March 15, 2024
S. Korea's overseas direct investment falls for first time in 3 years

South Korea's overseas direct investment fell for the first time in three years in 2023 amid an economic slowdown in China and geopolitical uncertainties, the finance ministry said Friday. Investments made by South Korean companies declined 22.2 percent on-year to come to $63.38 billion last year,...
March 13, 2024
Chinese e-commerce platforms to face tighter antitrust scrutiny

With increasing complaints from Korean consumers regarding the quality of products and the prevalence of knock-off items they purchased from Chinese e-commerce platforms, the country’s antitrust regulator vowed to strengthen the monitoring of foreign operators’ unfair business practices and uphol...
March 13, 2024
US gains propel Kospi to 2-year intraday high

The Korean stock market rallied early Wednesday, with the benchmark Kospi breaking above 2,700 points during trading hours for the first time in nearly two years as the market tracked overnight Wall Street gains. The local benchmark Kospi touched 2,701.45 points during trading hours. The peak came...
March 13, 2024
S. Korea to enhance monitoring of, punishment for illegality by foreign online retailers

South Korea's antitrust regulator said Wednesday it will strengthen the monitoring of unfair business acts by foreign platform operators and equally apply relevant domestic laws to them for swift and stern punishment for any illegalities. They are part of a set of measures presented by the Fair Tr...
March 12, 2024
Luxury car sales hit by new lime green plate scheme

Sales of imported cars from luxury brands such as Mercedes-Benz, Porsche, and Bentley have plummeted in South Korea during the first two months of 2024, coinciding with the government's implementation of lime green license plates for corporate-owned luxury vehicles worth over 80 million won ($61,50...
March 11, 2024
[KH Explains] Missing pieces of 'value-up' program

The government’s measures aimed at increasing shareholder returns to boost Korea's undervalued stock market have sparked much debate on their effectiveness due to the lack of motivational drivers for companies to join the program. In the Corporate Value-up Program announced by the Financial Servi...
March 11, 2024
Koreans lose appetite for fruits amid soaring prices

South Korea’s fruit consumption has diminished by almost 20 percent over the past 15 years amid supply shortages and soaring prices, government data found Sunday. According to the Ministry of Agriculture, Food and Rural Affairs, the nation’s per capita fruit consumption declined by 19 percent to...
March 08, 2024
S. Korean antitrust regulator takes steps to penalize Meta

South Korea's antitrust watchdog has taken steps to penalize Meta Platforms for allegedly failing to protect local consumers on its e-commerce platforms of Facebook and Instagram, sources said Friday. The Fair Trade Commission (FTC) has concluded its investigation into Meta's purported violations ...
March 07, 2024
AmCham holds policy talks with FTC chief

Fair Trade Commission Chair Han Ki-jeong on Thursday shared the key policies of the antitrust regulator for this year, including the controversial anti-monopoly platform bill, at a conference hosted by the American Chamber of Commerce in Korea. “The Fair Trade Commission will strive to establish ...

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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
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