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The Korea Herald

Markets

September 18, 2023
EcoPro vows to accelerate closed-loop EV battery recycling

South Korean battery materials manufacturer EcoPro said Friday it will boost its closed-loop electric vehicle battery recycling business amid rising concerns over battery waste disposal. Closed-loop recycling refers to the process that can convert a used product back into raw materials to create a...
September 18, 2023
McDonald's Korea introduces kiosks for visually impaired customers

McDonald's Korea said Friday that the company has upgraded its self-service kiosks for visually impaired customers at 15 stores located in Seoul. The company said the new kiosks come with new keypads and headphone jacks, through which visually impaired users can connect their headphones and browse...
September 14, 2023
[Contribution] The beginning of 50 more years with Indonesia

By Woo Tae-hee Indonesia, a large economy with a population of 270 million people and an average age of 29, has impressively sustained an annual growth rate exceeding 5 percent in recent years. In 2018, Standard Chartered projected that Indonesia would become the world’s fourth-largest economy by...
September 14, 2023
S. Korea, Africa bolster ties for growth

Economy-related public officials from South Korea and Africa gathered in Busan to attend the 7th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference, discussing ways to bolster the economic cooperation between two entities and explore new business opportunities. The event, organized ...
September 14, 2023
SMEs agency aids local firms' entry into overseas markets

The Korea SMEs and Startups Agency is supporting local firms to enter overseas markets, with 30 medium-sized companies receiving overseas media promotion and marketing services in the most recent campaign carried out in August. The campaign was conducted in partnership with a global communication ...
September 14, 2023
Innocean named 2nd best advertising agency in Indonesia

Innocean Worldwide said Wednesday that its Indonesian unit was named the second-best agency of the year by Campaign Brief Asia, a global online portal specialized in marketing and advertising. Campaign Brief Asia assessed firms in Indonesia based on their history of receiving creative awards and a...
September 14, 2023
Hyundai Motor, labor union reach tentative agreement on wage increase

Hyundai Motor Group said Wednesday it has signed a tentative wage agreement with the company’s labor union, extending their strike-free negotiation streak to five consecutive years. The management and labor union members including Lee Dong-suk, president of the domestic production department at H...
September 14, 2023
BBQ Chicken catches US food magazine’s eye

Korean fried chicken franchise Genesis BBQ on Wednesday said BBQ Chicken was introduced as the leader of the K-chicken craze in the United States in a recent report by Quick Service Restaurant magazine. Last month, QSR, a US publication that covers the fast food restaurant industry, released an ar...
September 14, 2023
$6b financial package unveiled to empower African nations

South Korea's Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho on Wednesday announced a financial package of approximately $6 billion in support for Africa to be provided by 2025, at the 2023 Korea-Africa Economic Cooperation (KOAFEC) conference held in Busan. This biennial ...
September 14, 2023
Incheon Airport plans W1.2tr massive renovation

Incheon Airport's Terminal 1 will undergo a 1.2 trillion won ($903 million) refurbishment starting from next year, the airport's operator said Wednesday. Separately, it added that it would seek to attract Chinese travelers, whose travel demand is expected to surge amid China’s recent lifting of a...
September 14, 2023
SPC’s Paris Baguette secures bigger footing in North America

South Korean bakery giant SPC Group said Wednesday that it is opening nine new Paris Baguette stores in North America this month, seeking a bigger footing in one of the key strategic markets. With the planned nine new openings, SPC will be operating a total of 150 stores in the region. In Canada,...
September 13, 2023
LG Energy Solution makes big ESS push in US

LG Energy Solution said Tuesday it will expand its footing in the burgeoning energy storage systems market in the US. ESS refers to a device or group of devices assembled to convert the electrical energy from power systems and into energy that can be stored for later use. It can be used in a varie...
September 13, 2023
Coupang Play outpaces streaming rivals

Korean streaming platform Coupang Play has showed the fastest year-on-year subscriber growth in the country, outpacing other local and global competitors to reach a milestone 6 million subscribers last month, less three years since its launch, according to a ranking announced by WiseApp on Friday. ...
September 13, 2023
[Herald Interview] Crypto platform sees future in IP content

An expansion of the storytelling platform and content for cryptocurrency is the key to broadening the digital asset industry, said Eric Anziani, president and chief operating officer at Singapore-based crypto trading platform Crypto.com. “Our vision is ‘Crypto is more than trading.’ There are m...
September 13, 2023
[From the scene] Why Adidas shop owners in Korea are protesting

The South Korean unit of the global sports brand Adidas has been hit with backlash from its franchisees who claim that they have been subjected to years of repeated abuse of power from their parent corporation -- only to have their business contracts terminated via the head office’s unilateral ann...

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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