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The Korea Herald

Economy

July 02, 2024
[Herald Interview] Vietnam's MB Bank bets big on Korea-Vietnam ties

Vietnamese state lender MB Bank, also known as Military Commercial Joint Stock, will launch a mobile app for South Korean nationals living in the country in August, recognizing the growing Korean population in Vietnam and related business opportunities. “Only Korean banks in Vietnam offer special...
July 02, 2024
[Business Diplomacy] Time matters more than money in engineering lobbying prowess

Korean companies should focus on boosting their "still-nascent" lobbying power by spending the time to understand policymakers' needs and by building a strong network regardless of the outcome of the upcoming US presidential election in November, according to legal and trade advisers from Lee & Ko,...
July 01, 2024
KT&G shares ESG achievements in 2023 report

South Korea’s top tobacco maker KT&G on Monday released its 2023 business report, renewing its commitment to advancing its carbon neutrality goals and improving corporate governance. The report, an amalgam of its annual strategic reports and publications on activities tied to environmental, socia...
July 01, 2024
Kyobo Life chief honored for ethical entrepreneurship at Geneve Forum

Kyobo Life Insurance CEO and Chairman Shin Chang-jae's ethical business practices received global recognition at the Geneve Entrepreneurship Forum on Thursday. The leading life insurer in South Korea said Monday that Shin was awarded the Global Ethics & Stakeholder Commitment Award at the annual e...
July 01, 2024
SK On enters emergency mode amid sluggish performance

SK On, the battery unit of South Korean chip-to-construction conglomerate SK Group, said Monday it will freeze the annual pay of all executive-level officials until it turns to profit, declaring emergency management amid its sluggish performance. The company decided to drastically revamp all worki...
June 27, 2024
KRX rallies mid-sized firms to ride on 'value-up' program

Korea Exchange CEO Jeong Eun-bo held a roundtable meeting with mid-sized companies listed on the nation’s main bourse Kospi to encourage their active participation in the government-led corporate “value-up” program. This is the third meeting of its kind following Jeong's previous ones with larg...
June 27, 2024
Korea-US-Japan trilateral economic consultative group launched

The business communities of Korea, the United States and Japan gathered together in Washington, DC to launch and formalize a trilateral business dialogue, according to the Federation of Korean Industries on Thursday. The FKI, an association for Korean industries, hosted the inaugural Korea-US-Japa...
June 27, 2024
KCCI embarks on preparing 2025 APEC summit

The Korea Chamber of Commerce and Industry, a major South Korean business lobby, said on Thursday it launched a task force to prepare for business leaders’ meetings to be held on the sidelines of the Asia-Pacific Economic Cooperation summit scheduled to take place here next year. As the 2025 APEC...
June 25, 2024
CJ CheilJedang forays into Amazon Germany for European expansion

CJ CheilJedang, a leading South Korean food company, is signaling European expansion with the recent opening of its Bibigo brand store on Amazon Germany, the company said Tuesday. Opened last month, the brand store is featuring 19 products on Germany’s foremost e-commerce platform. The products ...
June 25, 2024
LG Uplus launches ixi-GEN telecom-specific AI

LG Uplus, one of the top three telecommunications providers in South Korea, launched its self-developed generative artificial intelligence model ixi-GEN on Tuesday. Ixi-Gen is a small language model that learned LG Uplus’ communication and platform data based on LG AI Research Institute’s Exaone...
June 24, 2024
Korea's antitrust watchdog to rule on YouTube bundling allegation

South Korea's antitrust regulator plans to wrap up its over 16-month investigation into YouTube next month to determine whether the US platform breached any rules by bundling its music streaming service with its ad-free premium subscription program. Korea Fair Trade Commission Chairman Han Ki-jeon...
June 21, 2024
Short selling ban hinders Korea’s MSCI index upgrade

South Korea retained its emerging market status by Morgan Stanley Capital International, with the ongoing short selling ban cited as a hindrance to the country's efforts for a status upgrade. "The recent short selling ban introduces market accessibility restrictions," MSCI said Thursday when annou...
June 19, 2024
Korea declares full-fledged war to combat low birth rate

President Yoon Suk Yeol declared a "national emergency on population" Wednesday, rolling out measures to expand cash support for newborn babies to reverse the declining birth rate trend. "The population crisis caused by extremely low birthrates is the foremost and critical issue among the various ...
June 17, 2024
Korea to pilot visa for K-pop trainees

South Korea is to introduce a separate visa track to lure foreign nationals who aspire to become K-pop stars, in a move to attract more tourists from overseas, the Finance Ministry announced on Monday. Based on the concern that the country’s tourism revenue -- the amount that inbound visitors pay...
June 16, 2024
How Korean convenience stores became big names in Central Asia

In the meantime, industry officials said that the nation’s convenience store industry boom came with various merchandising efforts from domestic companies in recent years. “Not only Korean customers but also foreign visitors love visiting convenience stores in Korea due to their diverse and uniq...

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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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