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The Korea Herald

Economy

July 30, 2020
Korea allows large firms to hold venture capital units

South Korea will allow holding companies of conglomerates to run corporate venture capital units in order to boost investment in startups and invigorate the economy, officials said on July 30. The ...
July 08, 2020
Zero waste stores gain momentum in Korea

Editor’s note: In support of eco-friendly lifestyles, Herald Corp., runs a year-round campaign through a group of young activists called Ecoya, which promotes environmental issues such as renewabl...
July 01, 2020
Authorities to expand local companies’ access to financial database

South Korea’s financial authorities said Wednesday they will ramp up their efforts to open up financial big data to local markets in an effort to nurture the industry here. Starting August, the Kor...
June 24, 2020
Korea’s antitrust watchdog approves LVMH-Tiffany merger

South Korea’s antitrust watchdog has approved the merger between French multinational corporation LVMH and American jewelry company Tiffany & Co., saying there is no concern of competition restrictio...
June 23, 2020
Tokyo’s bid to replace HK threatens Seoul’s dream of becoming financial hub

Turning Seoul into a new financial hub in Asia has for long been a campaign promise of local politicians cutting across party lines. Seoul Mayor Park Won-soon, who is now in his third term, is no e...
June 08, 2020
Authorities to open up public financial database to public for innovation

As part of its move to nurture the data-based financial industry and financial technology businesses, Korea’s financial authorities will open up 44.5 million pieces of public financial data to the pu...
May 29, 2020
FTC approves Hyundai Oilbank-SK Networks merger

South Korea’s antitrust watchdog has approved Hyundai Oilbank’s plan to take over SK Networks’ gas station business, officials said on May 29. Upon the approval, Hyundai Oilbank has become the seco...
May 13, 2020
Cosmetics exporters eye expansion in China with regulation changes

With the Chinese government poised to revise its regulations on beauty products for the first time in 30 years, South Korean cosmetics firms are seeking to expand shipments to their largest export ma...
April 21, 2020
[Herald Interview] Patent attorney takes on Chinese IP brokers, discusses misperception on China

December was one of the most memorable months in Ryu Sung-won’s career. The patent attorney with 16 years of experience had concluded a 15-month legal journey, winning back 53 brands whose trademark...
April 06, 2020
Cyberattacks in Korea spike on virus crisis

The number of cyberattacks in South Korea spiked in the first quarter this year, due to the number of people working remotely amid the novel coronavirus outbreak, according to SK Infosec on April 6. ...
March 25, 2020
Remote work culture finally takes off in Korea, but will it stick?

Various industries in South Korea have been forced into a mass experiment with the remote work system, intent to flatten the spread of COVID-19 since January. With more people working from home, de...
March 24, 2020
Impact of plunging oil prices on Korean markets

The plunging crude oil prices may increase pressure on South Korea’s financial market with rising volatility forcing investors to secure cash, not to mention its negative impact on the economy. The...
March 18, 2020
New coronavirus outbreak: desperate crisis for shopkeepers

While all industry sectors in South Korea are struggling to handle the economic impact of COVID-19, the nation’s 5.48 million self-employed and small business owners are among those suffering the mos...
March 13, 2020
[COVID-19 Impact] South Korea‘s economic rebound loses heat

After struggling with a record-low growth pace last year, South Korea’s economy was aspiring to make a rebound in 2020, hopefully on the back of global trade improvements and a chip industry recovery...
March 13, 2020
[COVID-19 Market Impact] IPOs, business meetings delayed, commercial banks on high alert

Local brokerages and banks in Yeouido, the country’s main investment and financial district, have allowed employees to work from home as part of efforts to contain the new coronavirus. Over 73 percen...

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