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The Korea Herald

Market Now

May 13, 2022
KAI eyes Central European market with homegrown fighter jet

Korea Aerospace Industries is seeking to expand to Central Europe, the firm said Thursday, as it promoted the homegrown FA-50 light attack fighter during the International Defense Exhibition Bratislava 2022 in Slovakia. “We are prioritizing looking for new markets in Central Europe for FA-50 as t...
May 13, 2022
Korean-made cryptocurrencies’ collapse shakes up global market

The global cryptocurrency market has been shaken up by the freefalling prices of Korean-made cryptocurrency terraUSD, also known as UST, and its sister token luna, raising concerns that it may lead to the crypto market’s version of the Lehman Brothers collapse. According to crypto market analysis...
May 12, 2022
Hyundai Mobis seeks to secure mobility software competitiveness

South Korean auto parts maker Hyundai Mobis has been quickly shifting its focus toward software development and platform-focused technology, the company said Wednesday. The firm’s move is part of its effort to ride on the global automotive industry’s changing paradigm toward products and service...
May 12, 2022
Pandemic-hit self-employed to receive W6m each

SEJONG -- The Yoon Suk-yeol administration is moving to offer 6 million won ($4,700) or more per self-employed person in its supplementary budget, as part of the new government’s first policy to compensate those who suffered financial loss from state-led business restrictions amid the COVID-19 pan...
May 12, 2022
South Korean researchers develop blood test platform to detect Alzheimer’s

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
May 12, 2022
KCCI chief stresses Seoul-Tokyo ties amid geopolitical uncertainty

Korea Chamber of Commerce and Industry Chairman Chey Tae-won on Wednesday stressed his desire to help mend the frayed ties between Seoul and Tokyo, saying their partnership will play a role in tackling ongoing geopolitical uncertainties. “Amid ever-changing global situations, hit by supply chain ...
May 12, 2022
New science chief underlines strategic investments on chips, AI, space, bio

Lee Jong-ho, the new science and ICT minister, stressed the importance of securing core technologies of semiconductors, artificial intelligence, space and bio in his inaugural speech on Wednesday. “In an era where technology is sovereignty, the public and private sectors must consolidate their ca...
May 12, 2022
S. Korean companies join hands to build vertiports at gas stations

By 2025, flying taxis, or urban air mobility (UAM) vehicles, in South Korea could be accessed at gas stations located near major cities. Oil refiner GS Caltex, along with five leading companies in telecom, mobility and airline businesses, have formed a consortium to jump into the future mobility m...
May 12, 2022
Yoon likely to expand borrowing support for ‘vulnerable’ groups

The Yoon Suk-yeol government is looking to make it easier for “vulnerable groups” to take out loans to follow through on his campaign promise, while offering better protection to consumers from predatory lending and unfair corporate practices. The groups refer to self-employed people, small busi...
May 12, 2022
LG Energy Solution, RIST to begin joint research on smart factory tech

LG Energy Solution Ltd. and the Research Institute of Industrial Science and Technology (RIST) said on Wednesday they agreed to conduct a joint research project to develop smart factory technologies. Among the technologies the country’s top battery maker and the Posco-founded think tank plan to d...
May 11, 2022
Kospi dips below 2,600 amid stagflation fears

The benchmark Kospi hit a 17-month low on Tuesday on persistent market concerns over runaway inflation and sluggish growth despite President Yoon Suk-yeol’s optimistic economic outlook at his inauguration. The Kospi closed at 2596.56 points, the lowest level since Nov. 30, 2020, when it reached 2...
May 11, 2022
47% of public agencies suffer deficit in 2021

SEJONG -- Almost 1 out of every 2 state-funded agencies in South Korea were in the red last year, state data showed Tuesday, in the wake of the ongoing pandemic and soaring oil prices. Of the 362 public agencies surveyed, 170, or 46.9 percent, suffered operating losses in 2021, according to Alio, ...
May 11, 2022
Geely’s stake buy in Renault Korea seen as official Korean market entry

Chinese automotive manufacturer Geely Auto of Zhejiang Geely Holding Group is acquiring a 34.02 percent stake in Renault Korea Motors, as part of a strategic effort to establish a foothold in the local market for expanding its overseas presence, according to experts. Hangzhou-based Geely Automobil...
May 11, 2022
Researchers visualize floral scent in real time for first time

Researchers at the Korea Advanced Institute of Science and Technology said they succeeded in real-time visualization and measurement of floral scent emission for the first time in the world. Using optical interferometry, research teams led by mechanical engineering professor Kim Hyoung-soo and bio...
May 11, 2022
Samsung retakes Indian market No. 1 with S22 Ultra

Samsung Electronics has reclaimed the No.1 spot by monthly sales in India, buoyed by the return of its Galaxy Note successor Galaxy S22 Ultra, a phablet with built-in stylus S Pen support, data showed Tuesday. Samsung emerged as the leader in overall smartphone sales and shipments for the first ti...

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