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The Korea Herald

Market Now

December 01, 2021
Dunamu to launch video chat metaverse platform

Dunamu, the operator of cryptocurrency exchange Upbit, said Nov. 30 that it had launched the beta version of its video chat metaverse platform, pushing the boundary between the real world and virtua...
December 01, 2021
Sovereign fund head touts ESG, impact investment

ESG and impact investment will offer a new way for investors to make financial returns while leaving a positive, social and environmental impact, and South Korea hopes to spread the practice of “res...
December 01, 2021
Shinhan completes review of stablecoin cross-border transfer technology

South Korea’s Shinhan Bank said on Nov. 30 that it has completed its review of its cross-border wiring and transfer technology for stablecoins, but remained cautious on its actual adoption. Stable...
December 01, 2021
Celltrion signs COVID-19 treatment supply contract with 9 European countries

Celltrion Healthcare has inked supply contracts for its COVID-19 antibody treatment Regkirona with nine European countries as of Nov. 29, the company said on Nov. 30. Under the contract, Celltrion...
December 01, 2021
Laos rises as hidden gem for developers

The Thatluang Lake Special Economic Zone development project is backed by the Laotian government and led by Shanghai-based developer, Wanfeng Property. During the event, D&C Mineun also signed a par...
December 01, 2021
SK Inc.-SK Materials merger paves way for W5tr investment in battery, chip, display materials

A merger between SK Inc. and SK Materials has been completed to pave the way for a 5 trillion won ($4.2 billion) investment in key businesses including battery, chip and display materials, officials...
December 01, 2021
Race for EV charging stations intensifies for market dominance

Amid the global transition to electric vehicles, carmakers are moving fast to set up a charging infrastructure in Korea not only to increase their sales, but to gain dominance in a country where no ...
December 01, 2021
Industrial output posts worst decline in 18 months

SEJONG -- South Korea’s industrial output and facilities investment declined on-month, though the two sectors also recorded positive growth on-year, reflecting economic uncertainty under the constan...
November 30, 2021
Kakao marks 10th anniversary of emoticon biz

KakaoTalk, South Korea’s top mobile messenger, celebrated the 10th anniversary of its emoticon service, highlighting the jobs it has created for freelancers. KakaoTalk emoticons that can be purchase...
November 30, 2021
Korean businesses see no major breakthroughs in Japan ties

Most South Korean companies trading with Japan were pessimistic over the possibility of the two neighboring countries improving their chilled ties anytime soon, despite the urgent need to do so, an i...
November 30, 2021
SK Square now 2nd-largest shareholder of Korbit

SK Square became the second-largest shareholder of Korbit, one of South Korea’s top four cryptocurrency exchanges, by investing about 90 billion won ($75.5 million) to acquire a 35 percent stake, the...
November 30, 2021
SK chairman’s younger brother likely to return to management

Speculation is growing over the possibility of SK Chairman Chey Tae-won’s younger brother, Chey Jae-won, returning to management to take the helm of the group’s refining and petrochemicals unit, SK I...
November 30, 2021
[HYDROGEN KOREA] S-Oil looks to bring world’s cheapest clean hydrogen from Saudi Arabia

Using just one-fifth of its barren land, Saudi Arabia can generate sufficient renewable energy to produce 530 million tons of green hydrogen a year. That is equivalent to the entire world’s green hyd...
November 30, 2021
S. Korea to closely monitor omicron woes on financial market

South Korea’s vice finance minister said Nov. 29 that the government plans to keep close tabs on the financial market for possible volatilities and woes caused by the emergence of the omicron variant...
November 30, 2021
Samsung to nurture young execs to usher in new era

Samsung Electronics is poised to employ a new personnel management system starting in 2022 that could foster young executives, in a move to lay the groundwork for a “New Samsung” era under Samsung’s ...

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