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The Korea Herald

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October 15, 2023
BOK wins lawsuit on face of Korea's 100 won coin

The face of Korea’s 100 won coin -- which shows a portrait of legendary Navy Adm. Yi Sun-sin (1545-1598) from the Joseon era -- will be maintained, after a court sided with the Bank of Korea in a copyright lawsuit. The Seoul Central District Court confirmed a ruling Friday that the Bank of Korea ...
October 15, 2023
Samsung owns largest No. of Israeli subsidiaries among S. Korean conglomerates: report

Leading South Korean conglomerates with affiliates in Israel, including Samsung Electronics, are keeping a close watch on the heightened conflict in the Middle East, a report by corporate tracker Korea CXO Institute showed Thursday. Among the nation’s 82 companies with more than 5 trillion won ($...
October 15, 2023
South Korean oil payments for Iran frozen again over Hamas links

South Korea's $6 billion payment for Iranian crude oil has been frozen by the US administration again due to rising tensions regarding Iran's suspected links to the militant group Hamas, according to reports from multiple media outlets on Friday, including The New York Times. These funds were orig...
October 15, 2023
Subsidiary expansion procedure for insurers overseas to be simplified: FSC

Authorities are planning to slim down on the procedure for insurance companies acquiring foreign subsidiaries. The Financial Services Commission, South Korea's financial regulator, announced Friday its planned revision of the Enforcement Decree of The Insurance Business Act, reducing down the proc...
October 13, 2023
Samsung SDI, Stellantis to set up 2nd JV plant in Indiana

Samsung SDI said Thursday it is poised to set up a second electric vehicle battery manufacturing plant with Stellantis in the US state of Indiana. The production facility will be built by StarPlus Energy, a joint venture of Samsung SDI and Stellantis in the city of Kokomo, next to the JV’s first ...
October 13, 2023
LG CNS launches new AI platform for corporate clients

Information technology service provider LG CNS said Thursday that it has launched a generative artificial intelligence-based platform called Data Analytics & AI Platform Generative AI, or DAP GenAI, for its corporate clients. According to LG CNS, the new platform integrates the latest cutting-edge...
October 13, 2023
HD Hyundai Shipbuilding invests $47m in Estonian fuel cell for green maritime energy

South Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering, a subsidiary of HD Hyundai, announced that it has signed a 45 million euro ($47 million) investment deal with an Estonia-based fuel cell manufacturer, Elcogen AS. The signing ceremony was held in Seoul on Wednesday, with top ex...
October 13, 2023
P&G Korea launches premium diaper to combat skin dryness

P&G Korea, the South Korean unit of the global consumer goods maker Proctor & Gamble, said Thursday that its Pampers diaper brand recently launched its latest premium diaper product, in a bid to prevent skin dryness for babies during in-between seasons. Named the "Pampers Touch of Nature Pants," t...
October 13, 2023
GS Caltex, Posco team up on biofuel

South Korean oil refiner GS Caltex announced Thursday that it has secured a partnership with Posco International to expand their presence in the biofuel industry, accelerating efforts toward a green transformation. The agreement was signed at the Posco Center in Gangnam, Seoul, Thursday, with top ...
October 13, 2023
Kia to expand EV lineup with mass market appeal

Kia on Thursday unveiled three new small- to medium-sized electric vehicles, vowing to lead the popularization of EVs across the world by offering more affordable options for customers. “Kia is keenly focused on providing solutions to the concerns that continue to cause hesitation when it comes t...
October 13, 2023
Igis launches $100m secondary fund for overseas investment

Igis Asset Management, the largest real estate asset manager in South Korea, has launched a secondary fund worth $100 million in an effort to widen its investment portfolio. Igis has recently set up a pooled investment fund worth $100 million to invest in a secondary blind fund operated by a globa...
October 13, 2023
Korean economy expected to grow by 2.1% in 2024: Hana Institute

South Korea's economy is expected to achieve a growth rate of 2.1 percent in 2024, according to the recent report titled "2024 Economic and Financial Market Outlook" by Hana Bank's research institution, the Hana Institute of Finance. “Considering the base effect of the sharp slowdown in 2023, the...
October 13, 2023
KT & G to build new tobacco plant in Kazakhstan

KT&G, South Korea's largest tobacco company, said Thursday that the company has started construction of its fourth overseas manufacturing plant in Kazakhstan. The new plant will be built on a 200,000-square-meter site and is scheduled to be completed by 2025. The company did not disclose how much ...
October 13, 2023
[Herald Interview] Dyson engineer stresses potential of Korean hair care market

South Korean consumers' daily self-grooming routines make Korea an attractive market for Dyson, a hair care engineer from the UK consumer electronics giant told The Korea Herald during an interview held in Seoul, Thursday. "We conduct a lot of user trials and make sure we have Korea, one of our ke...
October 12, 2023
[HIT Forum] Science minister welcomes HIT forum on space economy

Science and ICT Minister Lee Jong-ho on Wednesday made congratulatory remarks for The Korea Herald’s Humanity in Tech Forum, vowing to take the lead in ushering in Korea’s new space economy. “I give my sincere congratulations for The Korea Herald’s HIT Forum that discusses ‘space’ as its fir...

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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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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099