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The Korea Herald

Markets

October 06, 2024
Market uncertain on Korea's October rate cut despite slowed inflation

Despite clear signs of slowing inflation, market sentiment remains mixed regarding whether South Korea's central bank will follow the US Federal Reserve to pivot toward lowering rates this month. Statistics Korea reported that the consumer price index — a key measure of inflation — rose 1.6 perc...
October 04, 2024
Main opposition leadership to decide on postponement of financial income tax

In recent years, both sides of the political spectrum have voiced the need to repeal the stock transactions tax as it could help boost the domestic equity markets. Finance Minister Choi Sang-mok recently said during a debate hosted by the Kwanhun Club, an association of senior journalists that the...
October 04, 2024
Kospi slump hits retail investors hard in Q3, but foreign investors gain

Local retail investors experienced significant losses from Korean shares in the third quarter while foreign investors fared relatively well amid the Kospi’s bearish trend in the period, market data showed on Thursday. According to the Korea Exchange, the most purchased stock by South Korean retai...
October 04, 2024
SK Enmove secures iodine supply from Chile’s SQM

SK Enmove, a lubricant subsidiary of SK Innovation, has secured a stable supply of iodine by partnering with SQM, the world’s largest iodine producer based in Chile, in efforts to take the lead in the next-generation automotive refrigerants market, the company said Thursday. As iodine is a crucia...
October 02, 2024
Egnis partners with Oklahoma for Xolution's resealable can business

Lifestyle brand developer Egnis announced Wednesday that it began partnership with the Oklahoma government in hopes to expand its German subsidiary Xolution's resealable can business in the US. The business agreement signing ceremony held Tuesday at The Shilla Seoul, was attended by Park Chan-ho, ...
October 02, 2024
Hanwha Qcells sells 142 MW solar power project in Washington

Hanwha Solution’s Qcells, the solar energy division under Korean conglomerate Hanwha Group, has sold a 142 megawatt solar photovoltaics project to Washington state’s largest utility company Puget Sound Energy, Hanwha Qcells said Wednesday. Hanwha Qcells highlighted that the sale of the solar pow...
October 02, 2024
[KH Explains] Hanwha Aerospace vies for Chunmoo export to Norway

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
October 02, 2024
Hyundai partners with Saudi's Misk to nurture youth talent

Hyundai Motor Group has partnered with Saudi Arabia’s Misk Foundation to develop young local talent and explore collaboration in smart city development. The two organizations signed a memorandum of understanding on Monday in the Saudi capital Riyadh, with the agreement formalized by Lee Jae-yong,...
October 02, 2024
Posco chief stresses innovation for survival at CEO forum

Posco Group Chairman Chang In-hwa underscored the urgent need for a "future-oriented strategy," during his address to executives at the 2024 Posco Forum, which took place at the Posco Global R&D Center in Songdo-dong, Incheon on Tuesday. Now in its sixth year, the theme of this year’s forum is "N...
September 30, 2024
Korean firms tap growth of nuclear power, defense in Slovakia

South Korean and Slovakian business leaders gathered in Seoul to deepen industrial cooperation, focusing on nuclear power plants and defense industries, according to a Korean business group on Monday. On the occasion of Slovak Prime Minister Robert Fico's state visit to Korea, the Federation of Ko...
September 29, 2024
Sales start for Hyundai E&C's Hillstate in Daejeon

Hyundai Engineering & Construction has started sales for its latest residential complex Hillstate Gayang The Wise with easy access to transportation and abundant living infrastructure in Daejeon, the firm said Sunday. The high-rise complex in Dong-gu district consists of three 49-story towers with...
September 29, 2024
Eximbank highlights ESG efforts for global expansion

The Export-Import Bank of Korea stressed the need for companies to comply with environmental, social and governance, or ESG, regulations when expanding overseas through a seminar held Thursday. The seminar was held to share the latest trends in ESG regulations and discuss Korean companies’ respon...
September 26, 2024
Korea to face another massive shortfall in tax revenue

The South Korean government is expected to see another significant shortfall in tax revenue this year due mainly to the sluggish semiconductor industry and the real estate market slump, according to the Ministry of Economy and Finance on Thursday. The government is forecast to collect 337.7 trilli...
September 26, 2024
Egypt offers gateway for Korean businesses in emerging markets: ambassador

The final session of the day featured Professor Emeritus Kim Tae-yoo of Seoul National University, who tackled one of South Korea’s most urgent issues: the country’s rapidly declining birthrate. Unlike global trends where population decline is often seen as a solution to overpopulation, Kim argue...
September 26, 2024
Financial firms turn to carbon trading for growth, ESG goals

The local carbon trading market is set for a boost early next year, with an influx of financial firms joining as players and securities firms expanding their roles as transaction brokers. Effective Feb. 7, 2025, the government has amended the Enforcement Decree on the Allocation and Trading of Gre...

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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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