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The Korea Herald

Markets

July 24, 2024
KIAT to support tech firms with regulatory sandbox

Korea Institute for Advancement of Technology is collaborating with the Ministry of Trade, Industry and Energy to bolster financial and direct investment support for companies approved under their collaborative regulatory sandbox. On Wednesday, KIAT hosted the first Investor Relations Day event fo...
July 24, 2024
[KH Explains] $17b too low? Korea’s Czech nuclear bid faces profitability questions

The South Korean government recently celebrated a significant milestone: The state-run Korea Hydro & Nuclear Power was chosen as the preferred bidder for a nuclear power project in the Czech Republic valued at 24 trillion won ($17.3 billion). It is being hailed as a “remarkable achievement after 1...
July 24, 2024
[Herald Interview] Investing in cows: how it works, where it's headed

Building value chain Stockeeper aims to boost investor support by developing a comprehensive value chain that covers every stage, from cattle birth to sale. With the Bankcow platform focused on raising calves, the operator has recently expanded into the distribution market by opening a processing...
July 24, 2024
Hanlim teams up with Vietnam's CONINCO for enhanced construction management

Hanlim Architecture Group announced Tuesday that it signed a memorandum of understanding with CONINCO, a Vietnamese construction supervision company, to reinforce strategic partnerships and create new opportunities for construction management services in Vietnam and beyond. Hanlim Architecture Gro...
July 24, 2024
K-water, Naver to set up water management platform for Saudi Arabia

Korea Water Resources Corp., or K-water, is officially set to commence a water management platform in Saudi Arabia jointly with Korean internet giant Naver, for the next five years, the state-run water management agency said Tuesday. The project was announced in a statement by Naver and Saudi Arab...
July 23, 2024
Hanwha Asset Management unveils new ETF brand Plus

Hanwha Asset Management, the sixth largest player in terms of net assets in the local exchange-traded fund market, introduced its new ETF lineup brand Plus, on Tuesday. The asset manager has changed its ETF brand name from Arirang to Plus. It was the first time for the asset manager to change its ...
July 22, 2024
Biden's withdrawal sparks mixed outlook for Kospi

Analysts here took a mixed view on how US President Joe Biden’s withdrawal from the November presidential race would affect South Korean shares, with growing uncertainty expected to hurt investor sentiment. Some brokerages expected the benchmark Kospi index to dip below the 2,650 level due to hei...
July 22, 2024
Hanwha-HD Hyundai rivalry shifts to US warship maintenance

Hanwha Ocean plans to use the Philadelphia-based Philly Shipyard in the US, which it had acquired jointly with the conglomerate’s defense subsidiary Hanwha Systems for $100 million last month. Hanwha’s announcement came 11 days after HD Hyundai Heavy Industries became the first Korean shipbuilde...
July 22, 2024
Ultium Cells halts construction of Michigan plant amid market slump

Ultium Cells, the joint electric vehicle battery venture between LG Energy Solution and General Motors, has suspended the construction of its third electric vehicle battery plant in the US. This decision comes in response to rising economic pressures, including high interest rates and inflation, a...
July 22, 2024
Record-high college graduates not working or looking for jobs

The number of South Koreans without a job or seeking a job marked an all-time high in the first half of this year, government data showed Sunday. According to Statistics Korea, there were 4.058 million people in the country with a college degree who were considered an "economically inactive popula...
July 21, 2024
Korea logs record US trade surplus in 1st half amid surging Trump risks

South Korea logged an all-time high trade surplus with the United States in the first half of this year based on strong auto exports, as the country monitors the US presidential race carefully and the chances of a second Donald Trump administration’s heavy protectionism. According to the Ministry...
July 19, 2024
Crypto investor protection law takes effect in Korea

South Korea’s first law specifically designed to protect cryptocurrency investors took effect on Friday, bringing the virtual asset industry within legal boundaries. The Virtual Asset User Protection Act aims to prevent unfair trading practices in the volatile crypto market, in response to how it...
July 19, 2024
Merger boosts SK On’s bid for turnaround

SK On's announcement Wednesday that it will merge with SK Trading International and SK Enterm has raised hopes of a potential turnaround in its financial performance and competitiveness in the battery industry. SK On has been grappling with persistent financial losses. The company, spun off from S...
July 18, 2024
Asset managers rush to rebrand ETF products to spur growth

Buoyed by the sharp growth of the local exchange-traded fund market, South Korean asset managers are rushing to rebrand their product lineups, trying to target investors with a fresh edge. According to data provided by Korea Exchange, the country's sole bourse operator, the net asset of the local ...
July 18, 2024
Samsung acquires UK tech startup to expand on-device AI capabilities

Samsung Electronics said Thursday that it has acquired Oxford Semantic Technologies, a UK-based startup, to enhance the on-device AI integrated into its Galaxy series. According to the tech giant, the acquisition was formalized Tuesday, though the financial details have yet to be disclosed. The a...

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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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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