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The Korea Herald

Markets

October 19, 2023
LIG Nex1 seals global defense ties at Seoul ADEX 2023

South Korean missile defense systems provider LIG Nex1 said Wednesday it had inked a series of collaborative ties with several global defense and aerospace leaders at the Seoul International Aerospace and Defense Exhibition, or Seoul ADEX 2023. The agreements are intended to bolster the company's ...
October 19, 2023
Hyundai, Kia team up with Infineon on EV power chips

Hyundai Motor Company and its sister firm Kia announced Wednesday that they have signed a strategic partnership with Infineon Technologies AG, a global top-tier automotive semiconductor developer, to upgrade electric vehicle performance and secure power semiconductor supply chains. Under the partn...
October 18, 2023
One Store attracts W20b from Krafton

South Korea’s mobile app store operator One Store said Tuesday that it has secured an investment worth 20 billion won ($14.7 million) from Krafton, one of the country’s major game developers. Krafton said it made the investment decision to broaden its understanding of the global game market thro...
October 18, 2023
Hyundai Motor shows off air mobility, drone tech at Seoul defense fair

Hyundai Motor Group said Tuesday that its urban air mobility arm Supernal, along with its sister firm Kia, are showcasing their latest UAM vision and drone technology at this week's Seoul ADEX 2023, Korea’s largest aerospace and defense trade show. This is the first time for the US-based Supernal...
October 18, 2023
Import prices rise for 3rd month on higher oil costs

Volatility in oil prices, currency add pressure on Korean economy South Korea's import prices climbed for a third consecutive month, increasing inflationary pressure on the economy, central bank data showed Wednesday. Export prices rose as well, but at a slower pace. The import price index for Se...
October 18, 2023
Uncertainties alleviated for Samsung, SK chip plants in China: trade chief

South Korea’s Trade Minister Ahn Duk-geun said Tuesday that the US government’s recent decision to allow exports of its chip equipment to Samsung Electronics and SK hynix plants in China has greatly relieved uncertainties surrounding the top memory chip makers’ operation and investment there. “...
October 18, 2023
SC Bank Korea CEO nominated for fourth term

Park Jong-bok, the CEO of Standard Chartered Bank Korea, has been nominated as the sole final candidate for the bank's top position again, according to the lender on Monday. The bank's executive candidate recommendation committee selected Park as the final candidate for the next CEO during a meeti...
October 18, 2023
MBK chairman makes donation to promote Korean art at New York's Met

Seoul-based private equity firm MBK Partners Founder and Chairman Michael Byung-ju Kim has offered a donation to the Metropolitan Museum of Art in New York to promote Korean art in the museum, the firm said Tuesday. The donation is part of the Korean Art Initiatives project, which was devised to h...
October 18, 2023
Hyundai Rotem to showcase new ground weapons systems at Seoul expo

Hyundai Rotem, a defense solutions and railway vehicles maker affiliated with Hyundai Motor Group, said Tuesday it is showcasing its next-generation defense technologies during the Seoul International Aerospace & Defense Exhibition 2023, which is taking place at Seoul Airport in Seongnam this week....
October 18, 2023
[KH Explains] Shipbuilders scramble to secure labor force amid booming industry

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
October 18, 2023
SK Chemicals partners with Estee Lauder for eco-friendly cosmetics containers

SK Chemicals said Tuesday it has partnered with global cosmetics giant The Estee Lauder Companies, in a bid to provide eco-friendly plastic solutions and accelerate its efforts to popularize cosmetics containers that incorporate recycled materials. SK Chemicals said it signed a letter of intent wi...
October 17, 2023
Korea extends fuel tax cut scheme until year's end

The Korean government will extend the current tax cut imposed on fuel until the end of the year, considering the escalated volatility in international oil prices following the renewed Israel-Hamas conflict, the Finance Ministry announced Monday. Fuel tax reductions -- namely a 25 percent cut for g...
October 17, 2023
SK Ecoplant recycles over 6,000 tons of batteries

By Song Jung-hyun ( junghyun792@heraldcorp.com )
October 17, 2023
SK to hold CEO meeting in Paris

SK Group will hold its annual CEO meeting – one of the biggest gatherings of its top executives – in Paris this week to discuss its management strategies amid the backdrop of rising global uncertainties, according to industry sources on Monday. About 30 CEOs, together with Chairman Chey Tae-won,...
October 17, 2023
FSC lays out plan to boost pet insurance enrollment

The Financial Services Commission, Korea's top financial regulator, unveiled plans on Monday to increase the pet insurance enrollment rate, currently at approximately just 1 percent in a country with some 8 million pets. "The pet insurance enrollment rate in the US is approximately 2 percent, whil...

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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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