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The Korea Herald

Economy

June 14, 2024
Korea Forest Service, Kazakhstan forge forestry cooperation

The Korea Forest Service and the Kazakh government agreed to enhance bilateral cooperation in forestry management through a memorandum of understanding signed at the Presidential Palace in Astana, Kazakhstan, Wednesday. Under the agreement, formalized on the sidelines of the summit between Preside...
June 13, 2024
Korea's short selling ban extended to March 2025

South Korea's ban on the short selling of stocks is set to be extended until March next year. The projected deadline was discussed during a government-parliament meeting between the country's top financial regulators and the ruling People Power Party on Thursday to discuss the enhancement of short...
June 12, 2024
Are company directors responsible to shareholders?

Debate over a bill expanding the responsibilities a company director not only to the interest of the firm but also to the interest of the shareholders has been rekindled, with business groups showing strong resistance, arguing it could invite damage claims from individual shareholders. Rep. Jeong ...
June 11, 2024
Korea, Turkmenistan forge stronger ties on gas fields, smart cities

Business leaders and government officials from South Korea and Turkmenistan pledged to further strengthen cooperation in infrastructure and digital development at a bilateral business forum held Tuesday in Turkmenistan's capital, Ashgabat. The forum, hosted by the Korea Chamber of Commerce and Ind...
June 11, 2024
Ongoing scrutiny plagues Act-Geo's credentials

The proposed deepwater oil and gas field development off the coast of Yeongil Bay in Pohang, South Korea, is under intense scrutiny, with debates surrounding the reliability of the discovery and the credibility of Act-Geo, the US consulting firm behind the survey. The Ministry of Trade, Industry a...
June 10, 2024
400,000 minors own Samsung Electronics shares worth W1.54tr

The number of underage stakeholders in Samsung Electronics, the country's largest company by market capitalization, has surged nearly 21 times in four years, reaching almost 400,000. According to the Korea Securities Depository's securities data portal, as of the end of last year, there were 391,8...
June 10, 2024
KCCI opens office in Germany for AI, energy collaboration

The Korea Chamber of Commerce and Industry, South Korea’s major business group, said Monday it launched an office in Frankfurt to build a broader network in Germany where the largest number of Korean companies are doing business in Europe. Germany, home to smart factories embedding artificial int...
June 10, 2024
US poised to replace China as Korea’s top export destination

South Korea's exports to the United States are likely to exceed those to China this year for the first time in 22 years, according to a joint report released Monday by Statistics Korea, the Trade Ministry, and the Ministry of SMEs and Startup. From January to May, exports to the US amounted to $53...
June 09, 2024
Doubts persist over oil project despite expert briefing

Doubts persist over the potential of newly identified oil and gas reserves off South Korea’s southeastern coast, despite a press briefing on Friday led by the expert behind the discovery to address public concerns about the drilling project's feasibility and the credentials of the company involved...
June 09, 2024
Instagram widens gap with Naver among Korea’s most-used apps

Instagram has significantly widened its lead over domestic top search engine Naver regarding usage hours among Korean smartphone users, data showed Sunday. According to data compiled by industry tracker Wiseapp, Korean users spent 389 million hours on Instagram, making it the third-most used app i...
June 09, 2024
Oil, gas reserves in East Sea 'highly prospective' says Act-Geo owner

The existence of oil and gas reserve in the East Sea is "highly prospective" as seismic data show the examined wells contain all four key elements of a petroleum system, Vitor Abreu, the owner and adviser of the US geoscience research firm Act-Geo said Friday. Act-Geo is the company that suggested...
June 07, 2024
K-water to cooperate with African nations on water infrastructure

Korea Water Resources Corp. said Thursday that the state-run agency and African leaders held talks to increase their cooperation on water management technology. Several leaders of African countries, who were visiting South Korea for the inaugural Korea-Africa Summit in Seoul, gathered at K-water’...
June 07, 2024
Korean cosmetics stocks soar on FDA-approved sunscreen

Shares of Korean cosmetics firms that produce sunscreen products and materials approved by the United States health regulator soared in May, coupled with returning investor sentiment in the K-beauty industry, according to industry sources, Thursday. "Recently, there were dramatic increases in the ...
June 07, 2024
Dried seaweed prices rise sharply in May

The price of dried seaweed in South Korea increased by 17.8 percent in May compared to the same period last year amid surging demand from overseas markets, according to Korea Statistics on Thursday. This rise surpasses both the average increase in seafood prices, which was 0.1 percent, and the ove...
June 05, 2024
Korea, Africa set the stage for shared growth, sustainability

Business leaders and government officials from South Korea and African nations gathered to fortify practical cooperation involving complementary skills and resources to enrich the decades-long friendship between countries. Some 400 people took part in the 2024 Korea-Africa Business Summit held in ...

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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
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