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The Korea Herald

Markets

October 31, 2023
Mirae Asset ETF to make Chinese debut

Mirae Asset Global Investments is making its foray into China’s exchange-traded fund market, becoming the first Korean asset management firm to do so. The Global X Hang Seng Tech ETF, operated by the asset manager’s ETF arm in Hong Kong, will be set up for trading on China’s Shanghai Stock Exch...
October 31, 2023
Hyundai Rotem debuts world's 1st LTE-based train control system

By Song Jung-hyun ( junghyun792@heraldcorp.com )
October 31, 2023
CJ’s Korean-style fried rice hits W100b in US sales

South Korean food giant CJ CheilJedang announced Monday that cumulative sales of its frozen fried rice products manufactured in the US have surpassed 100 billion won ($74 million) in the country, on the back of the rising popularity of Korean food among American consumers. The figure is expected t...
October 31, 2023
Posco faces first-ever pay strike risk

South Korean steel giant Posco faces the threat of a strike -- the first in its 55 years of history -- after months of wage talks between management and the company's labor union failed to reach an agreement. In a vote held over the weekend, nearly 80 percent of Posco's unionized workers voted in ...
October 30, 2023
KGC wins minister's award for IP management

Korea Ginseng Corp., the country’s leading ginseng manufacturer, said Monday that it won a minister's award from South Korea's Industry Ministry, for its ginseng cultivation technology and contribution to fostering the national intellectual property industry. It was named the best company in the ...
October 30, 2023
[News Analysis] Could Kakao’s M&A strategy be its own undoing?

The Korean financial regulator’s decision to refer Kakao and its executives to the prosecution could lead to disruptions on the IT giant’s future takeover strategy and global expansion plans, sources said Sunday. Three Kakao executives, including its chief investment officer Bae Jae-hyun, and tw...
October 30, 2023
Posco, HBIS Group complete steel sheet plant in China

South Korean steelmaker Posco said Monday that it has completed the construction of the first unit of its galvanized steel sheet plant for automobiles in China via its joint venture with Chinese steel producer, HBIS Group. Some 200 officials, including Posco CEO Choi Jeong-woo, Posco Vice Chairman...
October 30, 2023
[KH Explains] Card firms increasingly hesitant over Apple Pay

To grab a bit of Apple or leave it on the shelf? That's the question that has been lingering among card companies here since Apple Pay was launched in Korea in March with initial local partner Hyundai Card. Hesitation over adopting Apple Pay entered a new phase after a parliamentary audit held on ...
October 30, 2023
[Herald Interview] Hyundai Motor takes step-by-step approach in Japan

This article was written in partnership with the Korea Automobile Journalists Association. By Kan Hyeong-woo ( hwkan@heraldcorp.com )
October 29, 2023
LG Electronics to bolster local strategies, B2B push to widen gap with Chinese rivals

South Korean home appliance giant LG Electronics said Friday it will strengthen its country-by-country strategy to compete against its growing Chinese rivals. "Chinese firms have deviated from a low-cost strategy and are actively investing in each production region, while strengthening their produ...
October 29, 2023
Hyundai Motor’s yearly earnings hit record-high W20tr in Q3

With upbeat earnings in the third quarter, Hyundai Motor Group's yearly operating revenue has surpassed the 20 trillion won ($14.8 billion) mark, the company’s earnings report showed Friday. The South Korean auto giant’s Hyundai and Kia brands hit a combined 20.8 trillion won in operating profit...
October 29, 2023
Mirae Asset Securities names Kim Mi-sub as CEO

Mirae Asset Securities, Korea's largest investment bank and securities firm, announced Friday that its Vice Chairman Kim Mi-sub has been appointed as its new CEO. Friday’s announcement comes on the heels of a massive reshuffle in the leadership of Mirae Asset Financial Group earlier on Monday whe...
October 29, 2023
Meta fails to provide communication channel in Korea: lawmaker

Meta Platforms has failed to provide a proper channel for communication to uphold its legal responsibilities in Korea, a lawmaker claimed Friday, citing data provided by the Ministry of Science and ICT. The Science Ministry lacks basic contact details for Meta Communication Agent Limited, which re...
October 29, 2023
Seoul shares make slight recovery after massive fall

Korea’s benchmark stock index Kospi recovered to over 2,300 points on the back of bargain hunting on Friday, after experiencing a huge dip the day before. The Kospi closed at 2,302.81, up 3.73 points from the previous day. Despite massive sell-offs by foreign investors, retail investors and insti...
October 27, 2023
Korean economy continues slow, steady recovery in Q3

The Korean economy grew 0.6 percent in the third quarter from the previous three months, continuing a slow yet steady recovery with both exports and private consumption inching up. The country’s gross domestic product, a key measure of economic growth, grew 0.6 percent on-quarter in the July-to-S...

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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
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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