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The Korea Herald

Markets

October 20, 2023
BOK’s hands tied amid heightened uncertainties

Central bank holds key rate at 3.5 percent for 6th consecutive time The Bank of Korea maintained its benchmark interest rate at 3.5 percent on Thursday, amid mounting economic uncertainties provoked by tensions from the conflict between Israel and the Hamas militants. The six-member Monetary Poli...
October 20, 2023
Hyundai Motor, Kia ranked in mid range of global eco-friendliness list

Hyundai Motor and its affiliate firm Kia were ranked in ninth place on a new Greenpeace study on 15 automakers' decarbonization efforts, down four spots from the environmental organization's assessment a year ago. According to Greenpeace East Asia’s analysis on Thursday, the South Korean carmaker...
October 20, 2023
Samsung Bioepis launches Soliris biosimilar in Europe

Samsung Bioepis, a biosimilar developer under Samsung Group, said Thursday that the company has completed the launches of its hematology biosimilar Epysqli, a biosimilar close to Soliris, in three European countries, hoping to gain ground in the rare blood disease biosimilar market. According to S...
October 20, 2023
Mirae Asset Securities to buy back shares worth W60b

Mirae Asset Securities, Korea's largest investment bank and securities firm, said it plans to initiate a share buyback program worth 60.2 billion won ($44 million) in an effort to boost shareholders’ value, the firm said Wednesday. The firm will repurchase its 10 million shares, which is equivale...
October 20, 2023
S-Oil to drive net-zero emissions with Shinhan Bank

South Korean oil refiner S-Oil announced Thursday that it has joined forces with Shinhan Bank to bolster its transition to achieving net-zero carbon dioxide emissions. Under a memorandum of understanding signed by the two on Wednesday, the Korean lender will support S-Oil in reducing its carbon fo...
October 20, 2023
Samsung unveils foundry road map to lead automotive chip sector

Samsung Electronics, the world’s largest memory chipmaker, unveiled on Thursday its new global foundry business road map, with a particular focus on automotive chips. The plans were announced at Samsung Foundry Forum 2023, hosted by the tech giant in Munich, Germany. “We seek to take the lead i...
October 19, 2023
SK gears up for largest-ever tech conference on AI

SK Group has opened registrations for its annual tech conference, the SK Tech Summit 2023, which will be held on its largest scale ever, the telecom carrier SK Telecom said on Wednesday. Under the theme of “AI Everywhere for a Better Future,” the SK Tech Summit 2023 is scheduled to take place fr...
October 19, 2023
Scholars shed light on late Samsung chief’s management initiatives

A week ahead of the third anniversary of the late Samsung Group Chairman Lee Kun-hee’s death, scholars gathered at a global academic conference in Seoul on Wednesday, looking back on his management initiatives introduced three decades ago. About 300 scholars from Korea and abroad attended the eve...
October 19, 2023
Registration opens for offshore firms' FX trading

South Korea has begun the registration process for offshore financial firms to participate in interbank trades of the Korean won as part of its ongoing efforts to open up the domestic financial market to more foreign investors. Registered foreign institutions, or RFIs, will be able to participate ...
October 19, 2023
[Herald Interview] New Royal Salute whisky debuts in Korea to tap growing premium market

Pernod Ricard’s Royal Salute 21-Year-Old Richard Quinn Edition 2 has recently made its world debut in South Korea, where young drinkers are increasingly turning their eyes to high-end whiskeys. The second collaboration with UK fashion designer Richard Quinn "features a deeper and more flavorful b...
October 19, 2023
Cha Medical to hold global forum on next-generation medicines

Cha Medical and Bio Group said Wednesday that the group will hold the Global Forum on Future Medicine 2023 at Cha Bio Complex in Seongnam, Gyeonggi Province, on Oct. 27. The forum will invite experts in stem cell research, regenerative medicine and cell and gene therapies, as well as officials fro...
October 19, 2023
Samsung Biologics expansion ahead of schedule

“Samsung Biologics may add new facilities to produce other modalities, but the company is not planning on that at least at the moment,” Lo added. To speed up the overall construction process, Samsung Biologics has chosen a modular construction method and used precast concrete components. Other ...
October 19, 2023
VW’s ID.4 EV gains foothold with competitive pricing

By Song Jung-hyun ( junghyun792@heraldcorp.com )
October 19, 2023
Posco International completes EV parts plant in Mexico

Posco International said Wednesday it completed a production facility for traction motor cores, or parts responsible for converting electric energy into kinetic energy in electric vehicles, in Mexico, in a bid to accelerate its foray into the North American market. Posco International said it held...
October 19, 2023
Kia reaches tentative agreement with union

Hyundai Motor Group said Wednesday that its affiliate Kia has reached a tentative agreement with its labor union, continuing wage talks without a strike for a third consecutive year. The management and labor union members sat down for the 16th round of negotiations at Kia Autoland in Gwangmyeong, ...

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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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