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The Korea Herald

Markets

April 11, 2024
Amid deeping apple crisis, S. Korea eyes long-term measures

This year’s spikes in apple prices have prompted South Korean officials to explore long-term strategies to stabilize fruit harvests. While the latest price trends are influenced by various factors, including short-term weather events, officials are concerned about a troubling underlying trend: De...
April 11, 2024
Yoon's plans to boost stock market likely to fizzle

With the liberal opposition clinching a landslide victory in Wednesday's general election, expectations over President Yoon Suk Yeol’s economic policies that favor stock market investment falter. Yoon’s People Power Party faced a major defeat in the parliamentary elections, as the main oppositio...
April 11, 2024
Korea's national debt hits record high in 2023

South Korea's national debt surged by nearly 60 trillion won ($44 billion) last year, reaching a record high. According to a report on the 2023 national settlement of accounts approved at a Cabinet meeting, the country's national debt stood at 1,126.7 trillion won, up by 59.4 trillion won from 202...
April 11, 2024
Korea aligned with US export curbs on chips to China: minister

By Jo He-rim ( herim@heraldcorp.com ) The Korea Herald
April 11, 2024
HD Hyundai Heavy, GE Aerospace sign MOU for naval vessel development

South Korean shipbuilder HD Hyundai Heavy Industries said Thursday it has partnered with US industrial behemoth GE Aerospace for cooperation in winning overseas navy projects. HD Hyundai signed a memorandum of understanding with GE at Sea Air Space 2024, a global maritime exposition held in Washin...
April 11, 2024
ADB maintains S. Korea's 2024 growth forecast at 2.2%

The Asian Development Bank (ADB) kept its outlook for South Korea's economic growth this year unchanged at 2.2 percent and the forecast for the country's inflation at 2.5 percent, Seoul's finance ministry said Thursday. The ADB's outlook for 2024 is on par with that of the South Korean government ...
April 11, 2024
Politicians push for telemedicine amid doctors’ walkout

Discussions on expanding telemedicine services are speeding up here as no immediate breakthrough can be seen in the prolonged mass walkout by junior doctors in protest against the government’s push to raise the admission caps of medical schools. Ahead of Wednesday’s General Election, candidates ...
April 11, 2024
Competition to become Korea's 4th online-only bank heats up

The race to receive the license to become South Korea’s fourth internet-only bank is growing fiercer, with four bidders announcing their will to contend. There are currently three online lenders in Korea: KBank, Kakao Bank and Toss Bank. But four new contenders -- Soso Bank, Korea Credit Data Ban...
April 11, 2024
Chinese e-commerce platforms catching up with Korean rivals

Chinese e-commerce platforms, including the big three AliExpress, Temu and Shein, saw their Korean sales more than double over the past six months, while their Korean rivals suffered lukewarm sales performance during the same period, according to payment transaction data released Wednesday. Accord...
April 09, 2024
Aging cities more vulnerable to climate change: study

Cities with large populations of older residents show greater vulnerability to climate change due to inadequate investment in green infrastructure and spaces such as parks and forests, according to a study conducted by the Korea Advanced Institute of Science and Technology on Tuesday. A research t...
April 08, 2024
[KH Explains] Banks puzzled by derivatives misselling proposal

South Korean regulators’ push for banks to make up for investors’ losses incurred from equity-linked securities tied to a Hong Kong index has left both Korean and foreign banks baffled. Korea's major lenders accepted compensation guidelines suggested by financial watchdog the Financial Superviso...
April 08, 2024
7 in 10 Korean retailers feel threat from Chinese e-commerce rush

Seven out of 10 retailers in Korea say they feel threatened by the rapid expansion of Chinese e-commerce platforms, especially the big three -- AliExpress, Temu and Shein -- an industry-wide survey found Monday. Of the 500 retailers surveyed by the Korean Chamber of Commerce and Industry, the nati...
April 08, 2024
Foreigners' stock investment hits record high in Q1

Foreign investors sustained a five-month buying streak in the South Korean stock market, resulting in an unprecedented quarterly volume. The Financial Supervisory Service disclosed Monday that foreign investors amassed a total of 15.8 trillion won ($11.67 billion) worth of local shares in the firs...
April 08, 2024
Hyundai, Kia expand role in India’s EV localization

Hyundai Motor and Kia announced Monday that they have signed a strategic partnership with Exide Energy, a leading battery company in India, to speed up India’s transition into electric vehicles and expand the Korean automakers’ presence there. Under the partnership, Exide Energy will develop lit...
April 08, 2024
S. Korean regulator launches inspection into China's Temu over alleged unfair biz practices

South Korea's antitrust regulator has launched an inspection into China's Temu shopping app on suspicions of the retail platform's false advertising and other unfair business practices, officials said Monday. The Fair Trade Commission (FTC) recently sent documents to Temu for a probe to see if it ...

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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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