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Despite clear signs of slowing inflation, market sentiment remains mixed regarding whether South Korea's central bank will follow the US Federal Reserve to pivot toward lowering rates this month. Statistics Korea reported that the consumer price index — a key measure of inflation — rose 1.6 perc...
In recent years, both sides of the political spectrum have voiced the need to repeal the stock transactions tax as it could help boost the domestic equity markets. Finance Minister Choi Sang-mok recently said during a debate hosted by the Kwanhun Club, an association of senior journalists that the...
Local retail investors experienced significant losses from Korean shares in the third quarter while foreign investors fared relatively well amid the Kospi’s bearish trend in the period, market data showed on Thursday. According to the Korea Exchange, the most purchased stock by South Korean retai...
SK Enmove, a lubricant subsidiary of SK Innovation, has secured a stable supply of iodine by partnering with SQM, the world’s largest iodine producer based in Chile, in efforts to take the lead in the next-generation automotive refrigerants market, the company said Thursday. As iodine is a crucia...
Lifestyle brand developer Egnis announced Wednesday that it began partnership with the Oklahoma government in hopes to expand its German subsidiary Xolution's resealable can business in the US. The business agreement signing ceremony held Tuesday at The Shilla Seoul, was attended by Park Chan-ho, ...
Hanwha Solution’s Qcells, the solar energy division under Korean conglomerate Hanwha Group, has sold a 142 megawatt solar photovoltaics project to Washington state’s largest utility company Puget Sound Energy, Hanwha Qcells said Wednesday. Hanwha Qcells highlighted that the sale of the solar pow...
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
Hyundai Motor Group has partnered with Saudi Arabia’s Misk Foundation to develop young local talent and explore collaboration in smart city development. The two organizations signed a memorandum of understanding on Monday in the Saudi capital Riyadh, with the agreement formalized by Lee Jae-yong,...
Posco Group Chairman Chang In-hwa underscored the urgent need for a "future-oriented strategy," during his address to executives at the 2024 Posco Forum, which took place at the Posco Global R&D Center in Songdo-dong, Incheon on Tuesday. Now in its sixth year, the theme of this year’s forum is "N...
South Korean and Slovakian business leaders gathered in Seoul to deepen industrial cooperation, focusing on nuclear power plants and defense industries, according to a Korean business group on Monday. On the occasion of Slovak Prime Minister Robert Fico's state visit to Korea, the Federation of Ko...
Hyundai Engineering & Construction has started sales for its latest residential complex Hillstate Gayang The Wise with easy access to transportation and abundant living infrastructure in Daejeon, the firm said Sunday. The high-rise complex in Dong-gu district consists of three 49-story towers with...
The Export-Import Bank of Korea stressed the need for companies to comply with environmental, social and governance, or ESG, regulations when expanding overseas through a seminar held Thursday. The seminar was held to share the latest trends in ESG regulations and discuss Korean companies’ respon...
The South Korean government is expected to see another significant shortfall in tax revenue this year due mainly to the sluggish semiconductor industry and the real estate market slump, according to the Ministry of Economy and Finance on Thursday. The government is forecast to collect 337.7 trilli...
The final session of the day featured Professor Emeritus Kim Tae-yoo of Seoul National University, who tackled one of South Korea’s most urgent issues: the country’s rapidly declining birthrate. Unlike global trends where population decline is often seen as a solution to overpopulation, Kim argue...
The local carbon trading market is set for a boost early next year, with an influx of financial firms joining as players and securities firms expanding their roles as transaction brokers. Effective Feb. 7, 2025, the government has amended the Enforcement Decree on the Allocation and Trading of Gre...
LG Display to swing back to profit next year: Analysts
Kospi slump hits retail investors hard in Q3, but foreign investors gain
YouthMeta seeks to leverage Japan's crypto enthusiasm
[KH Explains] Is private equity giant MBK a risk-taker or renegade?
SK Enmove secures iodine supply from Chile’s SQM
SK On to raise W1tr via rights offering