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The Korea Herald

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Korea kicks off US investment plan with $22.3b Texas power project

Korea kicks off US investment plan with $22.3b Texas power project

South Korea and the US on Thursday unveiled the first initiatives under Seoul’s $200 billion investment commitment, led by a confirmed Texas gas-fired power project. A proposed eight-reactor nuclear p

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Samsung breaks ground on FlaktGroup HVAC plant in Gwangju

Samsung Electronics broke ground Monday on a new FlaktGroup heating, ventilation and air-conditioning plant in Gwangju, expanding its capacity to supply cooling systems for artificial intelligence dat
Companies

Musinsa’s W8tr valuation questioned ahead of IPO

Questions are emerging in South Korea’s financial market about whether Musinsa, the nation’s largest online K-fashion platform by sales, is appropriately valued at 8 trillion to 10 trillion won ($5.9
Tech

Samsung to launch first AI glasses in November, taking aim at Meta

Samsung Electronics will launch its first artificial intelligence glasses in November, entering a still-nascent wearable AI market where Meta has built an overwhelming early lead with camera-equipped,
Companies

Lotte expands financial, export support for partners

Lotte is expanding financial and overseas marketing support for its partner companies, helping ease cash-flow pressures and connect smaller businesses with international buyers. Ahead of Chuseok, 27 L
Companies

Olive Young’s growth spills over to nearby shops

New Olive Young stores are lifting sales at nearby traditional markets and restaurants, according to a study led by Hanbat National University professor Lee Sung-ho. The study found that sales at trad
Companies

LG-GM venture upgrades US plant for EV batteries

Ultium Cells, the battery joint venture between LG Energy Solution and General Motors, will upgrade its Tennessee plant to produce a new generation of batteries designed to lower costs and boost energ
Tech

Samsung Electro-Mechanics W6.78tr buildout gets customer backing

Samsung Electro-Mechanics will spend $5 billion expanding chip package substrate capacity in South Korea and Vietnam, with global customers helping fund part of its new AI-server substrate capacity in
Tech

LG Innotek, Applied Intuition begin gathering Korean road data

LG Innotek has begun collecting real-world driving data on Korean roads with US software company Applied Intuition to improve sensors and software for autonomous vehicles, the company said Tuesday. Th
Companies

Hyundai, Kia top 15 million SUV, utility vehicle sales in US

Hyundai Motor and Kia have sold more than 15 million SUVs and other utility vehicles in the US since entering the market in 1994. Hyundai Motor Group said Monday that cumulative US sales of SUVs, mini
Companies

Samsung Biologics showcases faster drug development at Boston conference

Samsung Biologics pitched its streamlined approach to developing and making biologic drugs at a leading bioprocessing conference in Boston, the company said Monday. At the BioProcess International Con
Companies

Will Oriental Brewery's first soju make a splash?

Oriental Brewery, the AB InBev-owned maker of Cass and long the dominant force in Korea's beer market, is shedding its beer-only focus. The company will launch its first soju for the Korean market on
Companies

From shipyards to steel: Why Korea leads humanoid deployment

After humanoid robots took center stage in recent years' AI-driven hype, the critical challenge shifted to real-world deployment — with automotive assembly lines and logistics serving as the primary p
Tech

LG, Microsoft step up AI partnership across data centers, physical AI

LG Chairman Koo Kwang-mo has taken the group’s relationship with Microsoft to a new level, agreeing with CEO Satya Nadella on a broader artificial intelligence partnership spanning data-center infrast
Tech

NC pushes global expansion with Astrae Oratio in Japan, Aion 2 worldwide

NC is stepping up its global expansion with a two-track strategy tailored to regional markets, introducing Astrae Oratio in Japan while preparing Aion 2 for a broader international release. The South
Companies

Why Musinsa is taking on Olive Young ahead of its IPO

Musinsa is going up against CJ Olive Young in beauty as it makes its case to investors that the company is worth as much as 10 trillion won ($7.2 billion). The harder sell is to prove that its nonfash
Companies

Kyochon expands China footprint with new Wuxi store

Korean fried chicken chain Kyochon F&B said Friday it has opened a new store in Wuxi, Jiangsu province, as the company steps up its expansion in the Chinese market. According to Kyochon, the newest Ch

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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