The Korea Herald

Semiconductor market to expand 25% in 2021, grow further in 2022: WSTS

Aug 18, 2021

The global semiconductor market is expected to expand 25.1 percent this year on the back of robust growth from the memory sector, a report from an industry tracker showed Wednesday, amid concerns of ...
Major firms fare well in H1 despite pandemic

Aug 18, 2021

Sales by major companies in South Korea rose nearly 10 percent in the first half of the year in spite of the coronavirus pandemic with their total operating profit more than doubling, a corporate tra...
S. Korea, Kazakhstan sign 23 business MOUs, eye closer economic ties

Aug 17, 2021

South Korea's industry ministry said Tuesday it has hosted a business roundtable with Kazakhstan and signed around two dozen business agreements, in a move to enhance economic ties with the Central A...
Major firms' workforce declines over 3 years

Aug 17, 2021

The number of employees for South Korea's major companies has declined by nearly 30,000 over the past three years, with global tech giant Samsung Electronics Co. having the largest workforce, a corpo...
Over 70% of cash handouts to be doled out to pandemic-hit merchants this month: minister

Aug 17, 2021

Finance Minister Hong Nam-ki said Tuesday the government plans to provide more than 70 percent of emergency relief funds to small merchants hard hit by the pandemic over the next two weeks. The move...
Foreign crypto exchanges seek distance from Korea ahead of tighter regulations

Aug 17, 2021

Some foreign cryptocurrency exchanges have distanced themselves from South Korea as Korean authorities are set to enforce tighter regulations against virtual coins. By Sept. 24, cryptocurrency excha...
S. Korea's trade in camping goods hits new high in 2020 on pandemic

Aug 17, 2021

South Korea's exports and imports of camping goods reached a fresh high in 2020 amid the coronavirus pandemic, a report showed Tuesday. Asia's fourth-largest economy exported and imported $399 milli...
[Law Talk] More questions than answers: Who is the ‘responsible executive’ under the Serious Accidents Punishment Act?

Aug 16, 2021

Under the highly controversial Serious Accidents Punishment Act, which was codified by the National Assembly in January this year, business owners and responsible executives are required to comply wi...
Tax revenue linked to asset markets jumps 76% in H1

Aug 16, 2021

Tax collection on properties, stocks up W33tr during pandemic
Meet market winners and losers in times of pandemic

Aug 15, 2021

By The Investor team The South Korean financial and investment market has been going through probably the biggest and fastest change in its modern history under the COVID-19 pandemic, which still ...
Regulator set to take measures against shippers' alleged price fixing

Aug 15, 2021

South Korea's antitrust regulator will soon decide on punitive actions against the country's leading shipper, HMM Co., and other shipping lines over suspected price fixing, government sources said Su...
S. Korea reviewing 2022 national budget of some W600tr

Aug 15, 2021

South Korea is seeking to draw up a national budget of around 600 trillion won ($513.3 billion) for next year in a bid to maintain expansionary fiscal spending amid the pandemic, government sources s...
[Anniversary Special] Living with economic uncertainty: How COVID changed Korea’s investment landscape

Aug 14, 2021

Rate hike fear unlikely to slow property, equity buying spree in H2, experts say
KIC divests all Alibaba stake, mixed on other Chinese tech stocks

Aug 13, 2021

South Korea‘s sole sovereign wealth fund, Korea Investment Corp., divested the entirety of 2.9 million shares in Alibaba Group Holding -- the 25th-biggest United States-listed stock it was holding ea...
Government vows to curb soaring food prices ahead of Chuseok

Aug 13, 2021

The South Korean government will increase supplies of key fruits and vegetables from its stockpiles to stabilize market prices ahead of the Chuseok holiday set for Sept. 20-22, First Vice Finance Min...