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The Korea Herald

Markets

September 13, 2023
[Test Drive] Mercedes-Benz’s new CLE Coupe not your average 2-door

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
September 13, 2023
Samsung SDS unveils generative AI model for corporate clients

South Korean IT solutions provider Samsung SDS unveiled new services that will allow its clients to easily adopt generative artificial intelligence in their businesses to improve work productivity, with the aim to usher in hyperautomation innovation. “There has been a view that generative AI will...
September 13, 2023
Hanwha to stage largest-ever int'l fireworks festival on Oct. 7

South Korean conglomerate Hanwha Group said Tuesday that it will stage its biggest event yet at the 2023 Seoul International Fireworks Festival at Hangang Park in Yeouido on Oct. 7. The annual event, organized by Hanwha Group as part of its social contribution program, typically draws an audience ...
September 13, 2023
6 in 10 view chaebol favorably: FKI survey

Nearly 60 percent of Koreans expressed a favorable view of the country's chaebol -- large industrial conglomerates run and controlled by families -- indicating an improvement in negative sentiments toward these conglomerates over the past decade, according to a survey conducted by the Federation of...
September 13, 2023
Applied Materials awarded as one of top employers in Korea

Applied Materials Korea, a subsidiary of the global leader in the materials science and engineering industry, has been named one of South Korea’s Premier Employers by The Ministry of Employment and Labor. This is the third time the company has received this honor, after 2020 and 2022. The ministr...
September 12, 2023
[Herald Interview] 'AI success hinges on local nuances, not just silicon'

The evolution of generative AI must equally weigh up technological, ethical and regulatory complexities, said Richard Yonck, an American futurist with over 25 years of experience in computer systems and program analysis. Yonck expressed concerns over the mounting global enthusiasm for AI while sha...
September 12, 2023
KB's chair candidate: Keeping Indonesian unit afloat is key mission

Yang Jong-hee, the final candidate for the chairman position and current vice chairman of KB Financial Group, on Monday vowed to prioritize revitalizing the group's money-losing Indonesian subsidiary. He picked Bank KB Bukopin as one of the three critical tasks he would resolve if he takes the top...
September 12, 2023
[Herald Interview] OECD competition chief touts Korea's antitrust fight against Google

The Organization for Economic Cooperation and Development's competition chief, Frederic Jenny, lauded South Korea for challenging Google’s monopoly in the fast-evolving digital market, saying that Korean authorities have sent a lot of signals to the US tech giant and beyond. “Google (now) unders...
September 12, 2023
[KH Explains] Hyundai Motor feels cost pinch of ‘French IRA’

Hyundai Motor Group, having already spent billions of dollars to respond to the US Inflation Reduction Act, is tackling another protectionist policy looming large in Europe, a crucial market for the carmaker’s extensive EV strategy. The French government recently announced its new EV subsidy poli...
September 12, 2023
LG Innotek chief vows to reduce single-use plastic waste

LG Innotek CEO Jeong Cheol-dong joined the “Zero Disposables Challenge,” an environmental initiative launched by the Ministry of Environment in February to encourage the use of reusable items in public, the firm said Monday. The campaign typically involves CEOs posing for a photo, signaling thei...
September 12, 2023
Kolmar Korea wins trade secret case against Intercos

Kolmar Korea announced Monday that the company has won a lawsuit against Italian cosmetics manufacturer Intercos’ local office here, which allegedly transferred trade secrets about sun care product technology. According to Kolmar Korea, the Seoul Central District Court has ruled in favor of Kolma...
September 12, 2023
KT's AI tech to accelerate digital logistics innovation of SingPost

South Korean telecommunications giant KT Corp. on Monday said it has signed a memorandum of understanding with a Singapore-based postal service provider to drive digital transformation in logistics. Under the partnership, KT and Singapore Post, or SingPost, agreed to pilot digital logistics transp...
September 12, 2023
Hyundai E&C forays into energy brokerage market

Hyundai Engineering and Construction on Monday announced a strategic equity investment in the energy tech startup 60Hertz, marking its foray into the emerging electricity brokerage market, part of the company’s larger strategy to solidify its position in new energy initiatives. Hyundai E&C's part...
September 12, 2023
Dong-A Otsuka’s mineral water wins Monde Selection gold award

Dong-A Otsuka, the nation’s leading beverage maker, said it launched a special edition of its mineral water brand Masinda, which won a gold award in the Monde Selection 2023 with a renewed packaging. Employees of Dong-A Otsuka gathered to celebrate the launch of Monde Selection special edition, f...
September 11, 2023
HDC Shilla Duty Free store greets first Chinese group tour

Some 700 Chinese tourists visited the Shilla I'Park Duty Free Shop in Yongsan, central Seoul, on Friday, marking the first group visit to a domestic duty-free store in six years, according to the store operator HDC Shilla Duty Free on Sunday. Following a tour of Gyeongbokgung, South Korea's iconic...

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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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