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The Korea Herald

Markets

October 24, 2023
China’s export curbs on graphite may raise battery prices for EVs

China last week unveiled its plans to restrict exports of graphite starting from December, piling pressure on Korean companies that are highly dependent on one of the key anode materials for making electric vehicle batteries. The world’s top graphite producer and exporter said Friday that export ...
October 24, 2023
Celltrion merger plan approved by shareholders

Korean biosimilar giant Celltrion and its sales unit Celltrion Healthcare received shareholders’ approval for their merger on Monday, paving the way for the launch of an integrated company planned for December. During the extraordinary general shareholders meetings separately held by the two comp...
October 24, 2023
GS Group, SNU to run incubator program for startups

South Korean energy-to-retail conglomerate GS Group announced Monday that it is searching for startups and future entrepreneurs to join its incubator program it runs with Seoul National University. “The GS Challenges with SNU” is a joint program with Seoul Techno Holdings, which supports the com...
October 24, 2023
Hyundai Elevator wins Good Design Award 2023

Hyundai Elevator said Monday that its smart floor indicator has won Japan’s Good Design Award 2023, one of the four major international design awards. Launched last November, PI-DD is a smart floor indicator that purifies and sterilizes the air inside the elevator. The display device, sterilizer ...
October 24, 2023
Samsung, Hyundai ink first EV battery deal

Samsung SDI said Monday it has clinched a deal to supply electric vehicle batteries for Hyundai Motor Group – the first battery partnership between the two chaebol groups. Under the deal, Samsung SDI will supply prismatic batteries produced at its Hungary plant for Hyundai EVs made in Europe for ...
October 24, 2023
Hyundai Motor to build 1st car plant in Saudi Arabia, leading 46 Korea-Saudi deals

Hyundai Motor Group announced Monday it has entered into a joint venture agreement with Saudi Arabia's Public Investment Fund (PIF) to construct its first-ever automobile assembly plant in Saudi Arabia and expand its presence in the Middle Eastern market. This announcement came as part of a broade...
October 24, 2023
Paris Baguette to expand into Middle East, Africa

South Korean bakery giant SPC Group's flagship bakery chain Paris Baguette will make its first inroad into the Middle Eastern and African market as a part of its efforts to tap into the global halal food market worth some $2 trillion in value, said SPC Group, Monday. SPC Group said it signed a mem...
October 24, 2023
Hyundai partners with Saudi firms to build hydrogen mobility ecosystem

Hyundai Motor Company said Monday that it is set to launch a hydrogen mobility ecosystem in Saudi Arabia, in step with the kingdom's pivot away from its traditional oil-centric economy. Upon President Yoon Suk Yeol's state visit to the Middle East, the Korean carmaker signed a memorandum of unders...
October 24, 2023
Mirae Asset seeks generational change in leadership reshuffle

Mirae Asset Financial Group announced a massive reshuffle at the executive level on Monday, signaling a generational shift in leadership as its founding members are to step down. Mirae Asset Securities CEO and Chairman Choi Hyun-man, the group’s No. 2 man, will leave the firm 26 years after he co...
October 24, 2023
Eugene Group wins bid to acquire news channel YTN

Eugene Group, a mid-sized South Korean conglomerate with businesses ranging from distribution to finance, has become the largest shareholder of local news channel YTN, according to industry sources on Monday. The group reportedly acquired a 30.95 percent stake in YTN for about 319.9 billion won ($...
October 23, 2023
[KH Explains] Is Tesla ditching its premium strategy?

Tesla, the world’s No. 1 electric vehicle manufacturer, is slashing car prices worldwide to further consolidate its leadership, seemingly willing to sacrifice its long-held premium brand image. In September, Tesla’s Model Y sport utility vehicle topped import car sales in Korea, selling a total ...
October 23, 2023
EcoPro seeks big leap as global battery materials maker

South Korean battery materials manufacturer EcoPro, which celebrates its 25th anniversary this year, has laid out a goal to post 10 trillion won ($7.41 billion) in sales next year. EcoPro CEO Song Ho-jun and top executives of the firm's subsidiaries, including EcoPro BM, participated in a celebrat...
October 23, 2023
Mercedes-Benz Korea ramps up efforts to nurture tech talent

Mercedes-Benz Korea has also nurtured some 410 trainees through its flagship education programs that train students in various fields including repair and maintenance services. Introduced in 2017, Ausbildung allows its participants to join the German carmaker’s official dealerships. Under an indu...
October 23, 2023
Over 40% of manufacturers say they need more foreign workers

More than 4 in 10 manufacturing business owners here say they will need more foreign workers next year, but cited language barriers and a difficult hiring process as key concerns, a survey found Sunday. The survey was conducted by the Korea Enterprise Federation, one of the major business lobbies ...
October 23, 2023
KT, Jasmine team up for Thai AI language model

KT Corp. said Sunday it is teaming up with Thailand’s telecom giant Jasmine Group to co-develop an artificial intelligence language model specialized in Thai and to launch related services together in Southeast Asia. Following the signing of a memorandum of understanding in September last year, t...

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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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