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The Korea Herald

Markets

September 22, 2023
SPC Samlip to showcase K-desserts at int'l food fair

South Korean confectionery company SPC Samlip has joined global food trade fair Anuga to promote Korean dessert products, the company said Thursday. Anuga is an annual food trade fair held in Cologne, Germany. This year’s edition will run between Oct. 7-11, featuring around 8,000 companies from 1...
September 22, 2023
[Herald Interview] Next & Bio aims to build Asia’s largest library of organoids

South Korean biotech company Next & Bio, which specializes in developing organoid-based medicine solutions, aims to build the largest organoid library in Asia, its CEO told The Korea Herald in a recent interview. Organoids are cell-based in vitro models that mimic many aspects of the complex struc...
September 22, 2023
Broadcom slapped with W1.91b fine for abusing market power in Korea

South Korea’s antitrust regulator said Thursday it is imposing a fine of 19.1 billion won ($14.2 million) on US chipmaker Broadcom, along with a corrective order, for its unfair business activities against Samsung Electronics. The move came as the US chipmaker forced Samsung to sign a long-term c...
September 22, 2023
Hana Financial launches 24/7 day care centers

Hana Financial Group announced Thursday it will launch a five-year project, Hana-run day care centers, that are open 365 days, even 24 hours a day, with the aim of reversing South Korea’s continually falling birth rate. This new project is a part of the program, Hana Life Journey Support, which s...
September 22, 2023
KG Mobility vows to export 200,000 cars by 2026

KG Mobility on Thursday vowed to sell 200,000 cars in global markets by 2026, expanding its global networks from the Asia-Pacific region to Europe. The South Korean carmaker’s planned sales target consists of 200,000 exports -- 100,000 cars and 100,000 units of complete knock-downs -- unassembled...
September 22, 2023
European automakers call for lower regulatory barriers for EVs

European automakers called for a relaxation of regulations on selling electric vehicles in Korea during a press conference for the publication of a white paper by the European Chamber of Commerce in Korea on Thursday. The ECCK’s passenger vehicles committee chairperson, Kim Hong-joong, said that ...
September 22, 2023
LG CNS opens coding class for rural students

Korean IT solutions provider LG CNS said Tuesday its employees a one-day class for elementary students in Buyeo-gun, South Chungcheong Province, to promote inclusive access to digital education. The social contribution campaign is a part of the company’s “AI Genius” program to help the youths s...
September 22, 2023
[From the Scene] HD Hyundai offers a glimpse of second-gen autonomous construction equipment

For tasks requiring precision, the dozer can be controlled by a joystick, enabling accurate remote operation. This is especially useful in hazardous environments. "For challenging terrains like cliffs, ditches or disaster zones, the joystick mode enhances safety by allowing remote operation," said ...
September 22, 2023
Finance Minister Choo warns of 'higher for longer' rates

Financial Minister Choo Kyung-ho said Thursday high interest rates could persist for longer than expected in response to the US Federal Reserve’s decision to hold its policy rates steady earlier in the day. The US Federal Open Market Committee kept its policy rates unchanged at 5.25-5.5 percent, ...
September 22, 2023
Khanfilter eyes global expansion with innovative air purifier

Catalyst for innovation The innovative technology of Khanfilter was made possible due to CEO Han’s former experience and expertise from 8 years of researching ceramic filters at LG Chem and operating Khancera, the first company in South Korea to develop ceramic filters used in DPF technology for ...
September 22, 2023
Han Sung Motors wins five trophies in Mercedes-Benz Korea contest

Han Sung Motor, the local importer and distributor of Mercedes-Benz, said Thursday it has won five events in this year’s “Korea TechMaster,” a technician competition held by the German brand. Since 2007, Mercedes-Benz Korea has run the Korea TechMaster competition every two years with the aim o...
September 21, 2023
Foreign virtual assets worth W131tr unveiled

Virtual assets accounted for more than two-thirds of the value held in registered overseas accounts this year, a report by the National Tax Service showed Wednesday, after it added them to the list of assets subject to mandatory registration. Some 130.8 trillion won ($98.3 billion) in virtual asse...
September 21, 2023
[Contribution] Priced for perfection?

The challenge was not the company’s long-term outlook or doubts about the future of the internet, but the fervor with which investors extrapolated that outlook. In Q1 2000, the stock’s price-to-earnings ratio was over 250 times. Fast forward to today and there is a risk we are about to see histo...
September 21, 2023
Samsung SDI certified 100% 'Zero Waste to Landfill' at home

South Korea’s leading battery maker Samsung SDI said Wednesday it has achieved the highest certification of "Platinum" from UL Solutions’ Zero Waste to Landfill program for all six facilities at home. UL Solutions, a global leader in applied safety science, tested the company’s landfill diversi...
September 21, 2023
SK Pharmteco takes over US contract drugmaker CBM

SK Pharmteco, a global contract development and manufacturing organization under Korean conglomerate SK Group, said Wednesday that it has acquired the Center for Breakthrough Medicines, a US cell and gene therapy firm. The Korean firm exercised its right to acquire a controlling stake in CBM to ob...

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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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