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The Korea Herald

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September 25, 2022
Upbit operator picks NFT venture with BTS’ Hybe as most anticipated project

“But the NFT market has been steadily growing and we believe we will be able to achieve a stellar performance if we can collaborate with Hybe -- which has BTS and strong intellectual property portfolio -- on producing NFTs and selling them in the overseas market,” the Dunamu chief told reporters....
September 22, 2022
LG Innotek to show off substrate products at trade show

LG Innotek said Wednesday that it is showcasing its latest substrate products at an international trade show kicking off this week. The electronics component manufacturer will be participating in the Korea International Electronic Circuits and Packaging Show 2022 held in Songdo, Incheon, from Wedn...
September 22, 2022
P&O Chemical starts construction of new battery materials plant

Posco Chemical said Wednesday that its joint venture with OCI Co., called P&O Chemical, has started construction of a new local plant to produce a key coating material used in secondary batteries. The plant, located in Gongju, South Chungcheong Province, will have an annual production capacity of ...
September 22, 2022
Dyson's Gen5 Detect vacuum cleaner makes debut in Korea

In line with the suction power improvement, Dyson's new vacuum cleaner features a cutting-edge high efficiency particulate absorbing filter for deeper cleaning. The new product captures 99.99 percent of particles like viruses, which are one-seventieth in size compared to a single strand of hair. T...
September 22, 2022
Trade deficit casts clouds on markets, growth

SEJONG -- South Korea is likely to record a trade deficit for the sixth consecutive month, as the nation suffered a trade deficit of $4.1 billion for the first 20 days of September, down 8.7 percent on-year, state data showed Wednesday. According to the Ministry of Trade, Industry and Energy, the ...
September 22, 2022
BMW, Mercedes-Benz, Volkswagen lead recall tally in South Korea

Germany’s top three carmakers – BMW, Mercedes-Benz and Volkswagen – topped the list of the most recalled cars in South Korea over the past five years, a recent report showed Wednesday. According to the report based on data from the Ministry of Land, Infrastructure and Transport, vehicles produc...
September 22, 2022
[From the Scene] Manpower shortage amid travel surge strikes Schiphol Airport

Korea Herald correspondent AMSTERDAM -- Upon arrival at Schiphol Airport, the third-busiest airport in the world, hundreds were lined up at closed check-in counters. For a flight that was to take off at 9 p.m. bound for Incheon, there were more than 200 people waiting in line already for the chec...
September 22, 2022
[Herald Design Forum 2022] Genesis designer on 3 elements that built the brand’s success

“It resembles the brand’s emblem. The wings on the emblem became the Two-Line rear lamps and the center crest of the emblem became the grille,” he said “The slim Two-Line rear combination lamp represents Genesis’ technological capacity and the design continues to change in time for the electri...
September 22, 2022
[Newsmaker] Researchers discover silver lining in autism treatment

South Korean researchers have discovered how early diagnosis and medication may help ease symptoms of those with autism spectrum disorder, the Institute of Basic Science said Wednesday. Autism is a type of brain development disorder found in about 2 percent of the world population, according to th...
September 22, 2022
Supply disruption looms as Hyundai Steel union threatens to go strike

Concerns over steel supply disruption is rising over unionized workers at South Korea's second-largest steelmaker Hyundai Steel threatening to stage sit-in protests. The workers’ threats come amid stalled wage negotiations at a critical time, as the country’s largest steelmaker Posco is reeling f...
September 22, 2022
Samsung's Lee to meet SoftBank's Masayoshi Son possibly over Arm deal

Samsung Electronics Vice Chairman Lee Jae-yong said Wednesday that he plans to meet SoftBank founder Masayoshi Son next month as the Japansese tycoon visits Seoul. "Next month, Son is expected to visit Seoul," Lee told reporters at Seoul Gimpo Business Aviation Center Wednesday afternoon as he wra...
September 22, 2022
ADB cuts Korea’s 2023 growth outlook to 2.3%

The Asian Development Bank lowered South Korea’s growth outlook for next year by 0.3 percentage point to 2.3 percent in its updated outlook published Wednesday, while keeping its forecast for this year at 2.6 percent. It also maintained Korea’s inflation outlook at 4.5 percent for this year, and...
September 21, 2022
LG Energy Solution to unveil moduleless EV battery in 2025

South Korean lithium-ion battery cell maker LG Energy Solution plans to develop a moduleless concept for pouch-type high-nickel batteries to increase EVs’ space utilization, reduce weight and improve cost competitiveness by 2025. Unlike the existing module-to-pack concept, the new concept, called...
September 21, 2022
S. Korea to spend W200b for R&D digitalization

South Korea will spend 200 billion won ($144 million) on digital integration strategy projects over the next five years to shorten the time researchers take to solve complex problem surrounding new technologies by decades, the Ministry of Science said Tuesday. According to the ministry, the govern...
September 21, 2022
S. Korea to see surge in milk price amid worsening inflation

Dairy product prices are likely to go up again as the price of locally produced milk is expected to increase as much as 500 won ($0.36) per liter, industry sources said Tuesday. Korea Dairy Committee, a private organization that oversees fair distribution of raw milk, carried out the first meeting...

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