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Hyundai invests in CODE42 for mobility solution development

Hyundai Motor has invested in CODE42.ai, a local startup founded by a former chief technology officer for Naver, to strengthen their partnership by developing an open platform for the new mobility-as...

Apr 15, 2019
Automode
Working Koreans spend annual W1.4m on cash gifts: survey

South Koreans holding office jobs spend over 1.4 million won ($1,235) annually on cash gifts for special occasions, a poll showed Monday. The research, conducted by job research portal Saramin, invo...

Apr 15, 2019
Economy
FSS, BOK co-audit 4 major banks over loans to small business owners

South Korea’s chief financial supervisory body and the central bank on Monday launched a joint audit into the country’s four major commercial banks to scrutinize their loan products offered to small ...

Apr 15, 2019
Finance
Sephora to open Korea’s first store in Oct.

Beauty retailer Sephora, owned by French luxury group LVMH, will open its first store in Korea on Oct. 24, the group said Monday. Sephora said it has decided to enter Korea amid growing interest her...

Apr 15, 2019
Industry
[News Focus] Korea’s 1st-generation internet banks face murky future amid regulatory hurdles, incoming competition

Since their launch two years ago, South Korea’s two internet-only banks, Kakao Bank and K bank, have steadily built up a sizeable user base, proving the merits of branchless banks to financial consum...

Apr 14, 2019
Finance
Savings deposits above W1b rise at record pace

Large-sum savings deposits over 1 billion won ($880,000) increased at the fastest pace in eight years in 2018, central bank data showed Sunday. According to the Bank of Korea, such accounts topped 5...

Apr 14, 2019
Finance
Seoul calls on Washington for auto tariff exclusion

Finance minister meets with US counterpart over trade, FX agendas

Apr 14, 2019
Economy
[Sky’s the Limit] Lotte World Tower, witness to group’s twist and turns

Korea’s tallest skyscraper is a double-edged sword for its owner, as the building could either become a landmark that adds value or end up being a costly, low-liquidity asset. South Korea’s fifth-la...

Apr 14, 2019
Industry
[Newsmaker] Feuding Hanjin siblings mourn brother’s death

Key corporate and political figures pay tribute to late Chairman Cho Yang-ho

Apr 14, 2019
Industry
Brokerages to gain from oil price rally, weakened won

Local brokerages are projecting a rosy outlook with their high-risk investment products, amid an ongoing oil price rally coupled with signs of a weakened Korean currency, analysts said Sunday. “The ...

Apr 14, 2019
Finance
HHI wins $600m orders in 2 weeks

The world’s largest shipbuilder Hyundai Heavy Industries said Sunday it has signed contracts to build vessels, including liquefied natural gas carriers, valued at $600 million over the past two weeks...

Apr 14, 2019
Industry
LG G8 ThinQ launched in North America, Canada

LG Electronics launched its latest premium smartphone, the LG G8 ThinQ, in North America on Friday via major mobile carriers including Verizon Communications, AT&T, Sprint Corp. and T-Mobile, the tec...

Apr 14, 2019
Industry
Harman keeps top spot in speaker market for 4 years

Harman International, a subsidiary of South Korea’s Samsung Electronics, has maintained its top position in the global wireless speaker market for the last four consecutive years, Samsung announced S...

Apr 14, 2019
Technology
Seoul calls for exemption from US auto duties in Washington

South Korea's finance minister called on the United States to exempt it from new import duties on imported vehicles at meetings of Group of 20 finance ministers and central bank governors held in Was...

Apr 14, 2019
Economy
IMF welcomes S. Korea's extra budget: finance ministry

WASHINGTON -- The head of the International Monetary Fund hailed South Korea's plan to draw up an extra budget, South Korea's finance ministry said Friday. IMF Managing Director Christine Lagarde sa...

Apr 13, 2019
Economy

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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