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The Korea Herald

Markets

September 11, 2023
Tax revenue falls on sluggish corporate earnings

South Korea’s tax revenue for this year is likely to fall below the initial estimate by around 60 trillion won ($44 billion) to hover at about 340 trillion won, as major revenue sources such as corporate tax and capital gain tax remain sluggish due to the slow economy. The Finance Ministry is exp...
September 11, 2023
Samsung’s H2 open recruitment to start Monday

Samsung Group, South Korea’s top conglomerate, announced Sunday that its official recruitment in the latter half of this year will start Monday, with 20 affiliates joining the massive hiring drive. The key affiliates include Samsung Electronics, Samsung Display, Samsung Biologics, Samsung SDS and...
September 11, 2023
[KH explains] Why Mirae Asset bets big on expanding presence in India

Since its Indian launch in 2018, Mirae Asset Securities, the finance group’s brokerage, has also been seeking a bigger presence through mergers and acquisitions. Earlier this month, there was a report that the firm was in talks to acquire Sharekhan, India’s ninth-largest brokerage, in a deal wor...
September 11, 2023
Construction orders hit $22b overseas

South Korean construction companies have secured new orders worth $21.9 billion in overseas markets between January and August, according to the International Contractors Association of Korea, Sunday. The association said the total value of construction orders made overseas during the eight-month ...
September 10, 2023
[Herald Interview] Korea expected to take lead in 6G, AI: GSMA execs

Discussion needed for AI ethics In line with the rapid growth of AI adoption, the European Union introduced the comprehensive AI law in June for the first time around the globe, but Korea still has a long way to go. However, GSMA executives said a slow adoption in regulations does not necessarily ...
September 10, 2023
KB chooses Yang Jong-hee as top chairman candidate

KB Financial Group, Korea's top financial holding company, has selected Vice Chairman Yang Jong-hee as its next chairman candidate. Yang's selection is considered to be a reflection of the importance the Chairman Candidate Recommendation Committee places on Yang's extensive background in both the ...
September 10, 2023
Korea to build 120MW data center in Pohang

South Korea will build a 120-megawatt data center with an investment of 1.5 trillion won ($1.12 billion) in Pohang, North Gyeongsang Province by 2027, the Ministry of Trade, Industry and Energy said Friday. According to the ministry, SK Ecoplant, DCT Telecom and KB Asset Management signed a memora...
September 10, 2023
Orion scores W110b dividend from Vietnamese subsidiary

South Korean confectionery manufacturer Orion said Friday it will receive a cash dividend of 110 billion won ($82.5 million) from its Vietnamese subsidiary for the first time since its establishment in 2005. According to Orion, the company collected 50 billion won in dividends from Orion Food Vina...
September 10, 2023
Lotte Homeshopping conducts first voluntary redundancy program

Lotte Homeshopping, the TV channel of South Korean retail giant Lotte, initiated its first voluntary redundancy program amid spluttering financial performance, according to a company official on Friday. From Thursday to Wednesday, the company will allow employees aged 45 or older who have worked f...
September 10, 2023
Hyundai Motor chief reviews EV strategy in Indonesia

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
September 08, 2023
Makeup brand Hera debuts in Japan

South Korean cosmetic giant Amorepacific announced Thursday that its high-end cosmetic brand Hera has entered the Japanese market. Riding on the global popularity of brand ambassador Jennie from Blackpink, Hera has been gaining traction in the global market, with its leading Black Cushion foundati...
September 08, 2023
Coca-Cola Korea releases new oat drink

Coca-Cola Korea Company said Thursday it has launched its new plant-based drink brand Go:Good Oat, jumping on the vegan bandwagon. Made from European oats, the new drink is blended with oat syrup and rice bran oil. The two flavor options include plain with a clean taste and rich with a smooth tast...
September 08, 2023
FSS head meets with China's new financial regulator chief

Lee Bok-hyun, the governor of South Korea's Financial Supervisory Service, made an unannounced two-day visit to China last week, marking the first visit there by an FSS head in six years. During his visit to Beijing on Aug. 31 and Sept. 1, Lee met with Li Yunze, head of China's National Financial ...
September 08, 2023
M360 APAC makes Seoul debut to explore digital-first future

As KT is the host sponsor of the global event, the wireless carrier’s new CEO Kim Young-shub took the stage as a keynote speaker, in his first public appearance since he took office last week. The KT chief delivered a speech on the “shift to the telecomunications-led digital paradigm” and vowed ...
September 08, 2023
[Design Forum] ‘Without design, space exploration could not exist’

The Jet Propulsion Laboratory, the only federally funded research and development center of the US National Aeronautics and Space Administration, is a well-known leader in space exploration across the world. Joining engineers, researchers and scientists at JPL are visual strategists that take the h...

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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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