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The Korea Herald

Markets

November 02, 2023
KT, Telkom join hands for Indonesia smart city project

South Korean telecommunications giant KT Corp. announced Wednesday that it has secured a partnership with Telkom Indonesia, pushing development for the smart city project in Indonesia’s new capital, Nusantara. On Tuesday, the two telcos signed a memorandum of understanding to collaborate on Indon...
November 02, 2023
Samsung marks 54th anniversary, highlights unrivaled leadership in technology

Samsung Electronics Vice Chairman Han Jong-hee underscored the importance of maintaining industry leadership in technology as the company celebrated its 54th anniversary on Wednesday. Samsung, one of the world's leading smartphone makers and the world’s largest memory chip producer, held the annu...
November 02, 2023
BOK-KCCI seminar explores impact from US-China rivalry

Korea Chamber of Commerce Industry Chairman Chey Tae-won, who also doubles as SK Group chairman, called for Korean companies to explore new markets beyond the US and China during a seminar jointly hosted by the Bank of Korea and the KCCI. "The conflict between the US and China, upon which our coun...
November 02, 2023
LG Energy Solution debuts new battery-based EV financing

South Korea’s top battery maker LG Energy Solution said Wednesday it is partnering with financial service provider Hyundai Capital to launch a new financing product for electric vehicle drivers called Battery Lifecare, offering incentives based on battery life. Battery Lifecare, an industry first...
November 02, 2023
Celltrion wins UNDP tender to supply anticancer treatments to Turkmenistan

Celltrion Healthcare, South Korean biosimilar giant Celltrion’s sales unit, announced Wednesday that the company has won the United Nations Development Program’s tender to supply anticancer drugs to Turkmenistan. The UNDP is a UN agency dedicated to eradicating poverty and reducing inequalities ...
November 02, 2023
Posco secures W6tr supply deal from Lotte Energy Materials

Posco International announced Wednesday that the company will provide 6 trillion won ($4.4 billion) worth of raw materials for Lotte Energy Materials’ high-end copper foil production. Posco International said the company and Lotte Energy Materials signed a memorandum of understanding at Signiel S...
November 01, 2023
Korean financial firms' overseas expansions to get regulatory boost

The Financial Services Commission announced on Tuesday that it will ease regulations on credit lending limits for overseas subsidiaries of financial holding companies starting from Jan. 1, 2024. The regulation revision comes after the FSC pledged in July to help local financial companies beef up t...
November 01, 2023
LX chairman offers unwavering support for women’s baseball

LG Group spinoff LX Group is sparing no efforts for the growth of Korean women’s baseball, having hosted the nation’s only corporate-sponsored women’s baseball competition for a second time. Co-hosted and organized by LX Group and Women’s Baseball Association Korea, the 2023 LX Cup Korea Women...
November 01, 2023
[Gadget Review] iPhone 15 Pro is lighter and more versatile but lacks 'wow' factor

Handy gesture control for Watch 9 Like the phone, the new Watch Series 9 appeared to be not much different from its predecessors but its new gesture-based control offered a new level of accessibility. With the single-hand gesture, using only my index finger and thumb together, I could answer call...
November 01, 2023
Samsung reduces chip losses in Q3, eyes rebound

Samsung Electronics said Tuesday it reduced its deficit in the memory chip business in the July-September period while posting better-than-expected profits in mobile and display businesses. Samsung's device solutions division in charge of the company’s semiconductor business marked losses of 3.75...
November 01, 2023
KT unveils large language model Mi:dm for corporate customization

South Korean telecommunications giant KT Corp. on Tuesday unveiled Mi:dm, a customizable large language model aimed at corporate clients looking to develop their own advanced AI services in the booming field of generative AI technologies. The name Mi:dm is based on the word "mideum," which means "...
November 01, 2023
STX, Triple-A team up for crypto payment services on Trollygo

South Korean trading company STX said Tuesday that it had signed a payments partnership agreement with Triple-A to provide crypto payment services on Trollygo, its business-to-business online trading platform set to be launched in November. The signing ceremony was attended by STX CEO Park Sang-ju...
November 01, 2023
Asiana Airlines delays decision on cargo business sell-off

Asiana Airlines board members plan to hold another round of meetings soon after they failed to reach an agreement on the previous day on whether to sell the air carrier’s cargo business to clear the way for approval of its planned merger with Korean Air. On Monday, Asiana’s five board directors ...
October 31, 2023
Lunch with Mirae Asset, Naver chiefs to be auctioned

By Song Jung-hyun ( junghyun792@heraldcorp.com )
October 31, 2023
NCSoft to unveil new titles at G-Star in Busan

NCSoft, one of South Korea's major game developers and publishers, is set to showcase its latest entertainment content via various on-site events at the upcoming global game expo, G-Star 2023, to be held in Busan Nov. 16-19. A total of 200 booths will be featured to have demos, events and special ...

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EDITOR'S PICKS

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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