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The Korea Herald

Markets

March 20, 2024
Hana pledges W30b for emergency child care

Hana Financial Group announced Wednesday the introduction of its 365 Day Hana Child Care initiative, aiming to tackle South Korea’s declining birth rate by offering reliable back-up child care options. An inauguration ceremony took place at a child care center in Nowon-gu, northern Seoul, on Tues...
March 20, 2024
Hanjin signs MOU with Mongolia firm for logistics partnership

Hanjin Logistics said Wednesday it has signed an initial pact with a Mongolian company to explore business opportunities in the East Asian country's logistics market. Under the memorandum of understanding signed in Seoul on Tuesday, Hanjin Logistics and Mongolia's comprehensive logistics firm Tuus...
March 19, 2024
[KH Explains] Will Kakao Bank secure footing in untapped Thai market?

Thailand has long remained an untapped market for South Korean financial firms since the exodus of the financial crisis in the late 1990s. Now Kakao Bank, the nation’s No. 1 Internet-only bank, is eyeing an expansion into the burgeoning digital banking market in Southeast Asia's second-largest eco...
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 19, 2024
Korea pledges W452tr in climate finance until 2030

The South Korean government and local banks on Tuesday pledged to jointly invest 452 trillion won ($337.4 billion) until 2030 to tackle the climate crisis. The move aligns with the country's intensified efforts to achieve carbon neutrality by 2050 and bolster domestic firms' competitive edge in ov...
March 19, 2024
Tuggle joins Goyang, Yourside in promoting pet-related industries

DAO Research Institute, operator of pet service platform Tuggle, signed a memorandum of understanding with the city government of Goyang, Gyeonggi Province, and the Yourside volunteer group to collaborate on developing pet-related industries, officials said Tuesday. The memorandum was to ensure th...
March 18, 2024
K-water to share know-how with Vietnam

Korea Water Resources, the state-run water management agency, announced Monday that it has partnered with Vietnam’s National Center for Water Resources Planning and Investigation to address the country's water concerns and mitigate against climate change impacts. The collaboration was formalized ...
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 18, 2024
Finance stocks rally despite ELS woes

Despite internal setbacks, South Korean finance giants are forging ahead with a robust rally in the local stock market, as several companies reach historic highs. The share prices of KB Financial Co. and Hana Financial Co., two of the nation's biggest finance holding firms, soared to unprecedented...
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 16, 2024
Major shifts among top market cap stocks on the KOSPI

Financial sector rises while secondary battery stocks decline As stock prices of large-cap stocks fluctuate since the beginning of the year, the ranking of the top companies by market capitalization has changed significantly. Expectations surrounding “value-up” programs have led to a surge in r...
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
Bank Shinhan Indonesia, Indodana collaborate for digital lending service

Shinhan Bank on Friday said that its Indonesian subsidiary has teamed up with an Indonesian financial technology company to bolster its presence in the digital platform-based loan market in the Southeast Asian country. Bank Shinhan Indonesia and PT Artha Dana Teknologi Indodana signed a memorandum...
March 15, 2024
Container shipping costs of EU-S. Korea route up 40 pct amid Red Sea crisis

Container shipping costs from Europe to South Korea soared nearly 40 percent in February amid continued tensions surrounding the Red Sea, data showed Friday. The average shipping cost for a 40-foot container for the route jumped 38.7 percent on-month to 1.24 million won ($934.16) last month, accor...

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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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