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The Korea Herald

Economy

March 25, 2024
65% of Korean firms penalize ChatGPT-crafted resumes

A majority of large companies in South Korea disadvantage applicants who craft their resumes using artificial intelligence services, such as ChatGPT, according to a survey released Sunday. The Labor Ministry and the Korea Employment Information Service unveiled a report on employment trends in the...
March 25, 2024
Regulator to launch e-commerce market study for in-depth analysis

The antitrust regulator said Monday it will launch a study into the e-commerce sector to analyze the market structure and check competition issues as part of efforts to ensure fair business practices amid a growing number of online shopping consumers. Four-week preliminary market research will beg...
March 25, 2024
Executives get paid 11 times more than average employees: report

The average salary of an executive of a major South Korean corporation is almost 11 times that of an average employee working at those companies, a report by an online think-tank monitoring local conglomerates showed Sunday. Chaebol.com analyzed the salaries of the people working for 162 subsidiar...
March 22, 2024
US official notes Korean firms' move not to sell used chip equipment to China as 'encouraging'

A senior US official on Thursday portrayed South Korean companies' reported move to stop selling used semiconductor manufacturing equipment to China as "encouraging," as Washington has been seeking tighter export controls on key technologies amid an intensifying Sino-US rivalry. Alan Estevez, unde...
March 21, 2024
Gov't pledges continued support for chip sector, aims export of $120 bln

Industry Minister Ahn Duk-geun said Thursday the government will proactively support the semiconductor industry, and accelerate the development of high-bandwidth memory and artificial intelligence chips to achieve the annual export target of $120 billion. "The government will support the timely es...
March 20, 2024
Myeong-dong bustles again as retail shops fill up

Though plagued by emptied-out stores and quiet streets in the wake of the pandemic, the Myeong-dong area in central Seoul is looking to reclaim its title as the top retail district in Korea, seeing a sharp drop in its vacancy rate. Myeong-dong, a major tourist destination here, was hit severely by...
March 20, 2024
[Contribution] Don’t just wait for the lucky dragon

By Marc Van de Walle A New Year is always a time to reflect on the previous year, what we might learn from it and then apply these learnings going forward. What better time for reflection than now, as we usher in the Year of the Dragon, considered one of the most auspicious creatures in the Chines...
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 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 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 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
S. Korea's overseas direct investment falls for first time in 3 years

South Korea's overseas direct investment fell for the first time in three years in 2023 amid an economic slowdown in China and geopolitical uncertainties, the finance ministry said Friday. Investments made by South Korean companies declined 22.2 percent on-year to come to $63.38 billion last year,...
March 13, 2024
Chinese e-commerce platforms to face tighter antitrust scrutiny

With increasing complaints from Korean consumers regarding the quality of products and the prevalence of knock-off items they purchased from Chinese e-commerce platforms, the country’s antitrust regulator vowed to strengthen the monitoring of foreign operators’ unfair business practices and uphol...
March 13, 2024
US gains propel Kospi to 2-year intraday high

The Korean stock market rallied early Wednesday, with the benchmark Kospi breaking above 2,700 points during trading hours for the first time in nearly two years as the market tracked overnight Wall Street gains. The local benchmark Kospi touched 2,701.45 points during trading hours. The peak came...

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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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