The Korea Herald

S. Korea to jack up R&D spending for future growth engines

Dec 29, 2020

South Korea said Tuesday it plans to invest around 5 trillion won ($4.5 billion) in research and development (R&D) projects in 2021 to foster new growth engines while seeking green growth. The amoun...
Biz sentiment for Jan. worsens amid tougher virus curbs: survey

Dec 29, 2020

Business sentiment for January worsened as the COVID-19 pandemic shows no signs of a slowdown despite tougher social distancing rules, a survey showed Tuesday. The business survey index (BSI) of the...
Solid demand for automobiles in US, semiconductors in China in 2021: report

Dec 28, 2020

The US is expected to become the most promising market for local carmakers next year, while China is to yield the greatest opportunities for chipmakers, according to big data analysis released Monday...
[Newsmaker] Delivery Hero to sell Yogiyo under watchdog’s antitrust policy

Dec 28, 2020

DH chooses to ditch runner-up apps to acquire market champion Baemin
More karaokes close; pharmacies stay strong

Dec 28, 2020

Report reveals uneven impacts of COVID-19 on small business landscape
S. Korea to maintain nuclear phaseout scheme, scale back coal power generation

Dec 28, 2020

South Korea said Monday it will gradually diversify its energy mix by using more sustainable sources, such as solar power, and scale back the use of coal and nuclear power, in line with the country's...
China greenlights Daewoo Shipbuilding-KSOE merger

Dec 28, 2020

China's antitrust watchdog has approved the merger between two South Korean shipbuilding giants, sources said Monday, possibly paving the way for the creation of the world's largest shipyard. China'...
Hanwha Solutions acquires US hydrogen tank maker

Dec 28, 2020

Hanwha Solutions Corp., a South Korean energy solutions company, said Monday it has signed a deal to acquire US hydrogen tank firm Cimarron Composites LLC as part of a diversification strategy. Hanw...
Samsung Electronics top pick of S. Korean retail investors this year

Dec 28, 2020

South Korean retail investors have loaded up on shares in top-cap Samsung Electronics Co. this year, reaping a huge return on their investments, data showed Monday. Local individual investors had bo...
[Herald Interview] ‘Fair economy laws’ need adjustment to reflect reality: KCCI chief

Dec 27, 2020

The head of South Korea’s leading business lobby group called for additional legislative measures to minimize the side effects of the so-called fair economy laws, which have caused concern among busi...
KOTRA opens ‘Korea Desk’ in Myanmar to support trade

Dec 27, 2020

The Korea Trade-Investment Promotion Agency said Sunday that it has opened a “Korea Desk” in Myanmar to support trade and investment between the two countries. Launched with the backing of South Kor...
What now? Nearly on cusp of COVID-19 conquest, virus mutates

Dec 27, 2020

‘Nothing changes for now’ say relevant parties
Posco uses smart technology to make plants safer

Dec 27, 2020

Steelmaking is dangerous work that involves heavy equipment and hot materials, including molten iron that gets as hot as 1,500 degrees Celsius. Minor mistakes can lead to deadly accidents. To preven...
Corporations to skip in-person New Year’s meetings amid pandemic

Dec 27, 2020

South Korea’s major corporate groups are opting out of hosting New Year’s kickoff meetings in person this year, as the coronavirus outbreak shows no signs of abating, according to industry sources. ...
42 conglomerates earned W1.42tr in brand license fees from affiliates last year

Dec 27, 2020

South Korea's antitrust watchdog said Sunday 42 large business groups earned a combined 1.42 trillion won ($1.29 billion) by selling brand licenses to their affiliates last year amid concerns conglom...