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Korea lifts tax revenue forecast to record W478.6tr on chip boom

Korea lifts tax revenue forecast to record W478.6tr on chip boom

South Korea raised its tax revenue forecast to a record 478.6 trillion won ($353.5 billion) this year, as an artificial intelligence boom fuels chipmakers' profits and a stock market rally lifts tradi

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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

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
Tech

Volvo ES90 blends sedan poise with SUV practicality

Electric sedans have a packaging problem: Batteries need space, passengers want more of it and neither should come at the expense of the low, elegant profile that defines a sedan. Volvo believes its n
Tech

AI boom gives Samsung pricing power as MLCC supply tightens

The artificial intelligence boom is tightening supplies of multilayer ceramic capacitors, as leading manufacturers shift production toward premium server components and away from mainstream parts used
Companies

Naver-Toss rivalry spills from search into offline payments

Naver and Toss have opened disputes on two fronts, with Naver seeking a police investigation into Toss’ reward-based search campaigns and Toss preparing an antitrust complaint over access to Naver’s m
Tech

Samsung’s foldable lead faces the Apple test

Samsung Electronics has spent seven years developing the Galaxy Z Fold from an experimental device into one of the world’s best-known foldable smartphones. Next month, for the first time, it will face

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
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