The Korea Herald

China introduces mandatory face scans for phone users

Dec 1, 2019

BEIJING (AFP) -- China will require telecom operators to collect face scans when registering new phone users at offline outlets starting Sunday, according to the country's information technology auth...
E-commerce giant Alibaba raises $11 billion in share listing

Nov 20, 2019

The Chinese e-commerce giant Alibaba has raised at least $11 billion in a share offering in Hong Kong, netting the city's biggest offering since 2010 despite recent political turmoil. Alibaba said W...
[Graphic News] Global market size for luxury goods and jewelry

Nov 19, 2019

According to Euromonitor International, global luxury goods sales reached $954 billion in 2017 and the global market grew 5 percent in 2018 across most segments. Luxury cars sales accounted for al...
Saudi Aramco's IPO Is Vulnerable to the Russians

Nov 12, 2019

In finance, as in comedy, timing is everything. Get it right and you have investors (or the audience) in the palm of your hand. Get it wrong and the ensuing silence is painful. Saudi Arabia has step...
[Graphic News] No. of China’s ‘unicorn’ startups exceed US for first time

Nov 11, 2019

China now has more privately held startups valued by investors at over $1 billion than the US, a report said. There were 206 Chinese firms out of a global total of 494 ultravaluable startups - kno...
Beyond vegan burgers: next-generation protein could come from air, methane, volcanic springs

Nov 6, 2019

It may sound like science fiction, but in a few short years the family dinner table may be laden with steak from a printer and other proteins produced from air, methane or volcanic microbes. With...
Euro zone economy at risk of contracting in Q4, PMI shows

Nov 6, 2019

Euro zone business activity grew more than initially thought last month but remained close to stagnation, according to a survey whose forward-looking indicators suggest the existing growth might dis...
Saudi regulator says approves Aramco share offering

Nov 3, 2019

RIYADH (AFP) -- Saudi regulators on Sunday approved state energy giant Aramco's request to make its stock market debut, firing the starting gun on the highly anticipated offering which could be the w...
[Graphic News] Rich Chinese outnumber wealthy Americans for first time

Oct 28, 2019

The number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a study by Credit Suisse showed. The Swiss bank’s annua...
Luxury giant LVMH makes bid for jewellers Tiffany: source

Oct 28, 2019

NEW YORK (AFP) -- LVMH, which owns Louis Vuitton, Dior and the champagne brands Veuve Clicquot and Moet, has made a bid for American jeweller Tiffany, known for its engagement rings and diamonds. Th...
SoftBank Seeks Majority Stake in WeWork With Bailout Deal

Oct 22, 2019

SoftBank Group Corp. offered to take a majority stake in WeWork, one of two rescue packages that the board of the troubled company is weighing, according to people familiar with the matter. The deal...
SoftBank bailout would give it control of WeWork: sources

Oct 17, 2019

NEW YORK (AFP) -- Japan's SoftBank Group has prepared a financing plan that would give it control of WeWork as the office sharing startup seeks badly- needed financing, sources told AFP Monday. The ...
Just hours left to secure a Brexit deal before EU summit

Oct 15, 2019

Britain must reach a Brexitagreement with the EU by the end of Tuesday so it can beapproved at a leaders‘ summit this week, the bloc’s officialsand diplomats said, otherwise Britain‘s scheduled depar...
[Graphic News] New York world’s top financial center

Oct 14, 2019

New York has extended its lead as the world’s top financial center, with London barely holding on to second place ahead of Hong Kong, as uncertainty over Brexit takes its toll on the UK capital, a Z...
[Graphic News] Tether becomes most used cryptocurrency in world

Oct 13, 2019

What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70 percent of all the digital-asset world’s market value, you’re probably wrong. While concr...