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The Korea Herald

Markets

September 06, 2023
[From the scene] Samsung shows off end-to-end automotive solutions at IAA 2023

MUNICH -- Samsung Electronics, the world’s No. 1 memory chip and smartphone maker, made its official debut at an international motor show, renewing its automotive ambitions as a “total solutions provider.” The South Korean tech giant set up its exhibition booth at IAA Mobility, one of the large...
September 06, 2023
[KH Explains] Pressure mounts on Korean battery makers to raise wages in US

Ultium Cells, a joint venture between Korea’s LG Energy Solution and US-based General Motors, has recently agreed to raise workers' wages at its Ohio battery plant, leaving Samsung SDI and SK On on high alert for the possible need to increase wages at their joint plants with carmakers there, slate...
September 06, 2023
Hana Financial head meets with global investors in Hong Kong

The chairman of Hana Financial Group met with foreign investors through an investor relations event held in Hong Kong, Tuesday to expand the Korean banking group's presence in the global financial market. At the event, Chairman Ham Young-joo shared the financial achievements of the financial group...
September 06, 2023
ACE Engineering CEO committed to going global

Ace Engineering plans to set up its exhibition booth at RE+ 2023, North America’s largest energy convention that kicks off this Friday. Calling the upcoming event a “stepping stone for growth,” CEO Danny You showed high expectations in meeting new clients and expanding the company’s presence in...
September 06, 2023
Toss Bank mulls introducing house mortgage loans

Hong Min-taek, CEO of Toss Bank, the internet-only banking arm of fintech giant Viva Republica, said Tuesday that launching a house mortgage loan service is inevitable for the firm, but that it will wait for the right timing amid the government's efforts to curb household debt. Currently, Toss Ban...
September 06, 2023
ACE Engineering presents solutions with ESS

Amid global trends toward building a sustainable future, Korean container manufacturer ACE Engineering is expanding its presence as the No. 1 energy storage system supplier. In 2018, the Intergovernmental Panel on Climate Change announced that the global temperature is expected to rise by around 3...
September 06, 2023
[Herald Interview] Siemens ready to accelerate Korea's digitalization

The German firm began its business in Korea in 1967. Considering Korea, a "very important" market on a global scale, it kept increasing business investment for the Korean unit, while setting up its global headquarters for the Siemens production machine business here. Last year, the Korean unit gene...
September 06, 2023
Coway wins design awards at IDEA 2023

The winner of the bronze award, Coway’s Icon Max Free Water Purifier, stood out for its inventive design that can be installed in small spaces. Featuring an easily detachable water tank, users can place the water purifier regardless of limited proximity to water pipes. With sleek and minimalist de...
September 06, 2023
KB women's golf championship to kick off this week

KB Financial Group is set to host its women's golf championship from Thursday through Sunday at the Blackstone Golf Club in Icheon, Gyeonggi Province, it said Tuesday. Called KB Financial Group Star Championship, the annual competition is a major tournament for the 2023 Korea Ladies Professional G...
September 06, 2023
GS Caltex, Korean Air test flying biofuel-powered flight

South Korean energy firm GS Caltex and the country's flag carrier Korean Air said Tuesday that an aircraft using biojet fuel aimed at decreasing the aviation industry's carbon footprint was scheduled to take off toward Los Angeles. During a pilot operation ceremony at Incheon Airport on Tuesday, K...
September 06, 2023
DHL reveals Asia-Pacific's largest logistics gateway in Incheon

DHL Express Korea, the South Korean unit of the international express logistics service provider DHL Express, said Tuesday it started the full-fledged operation of a high-tech logistics terminal in Incheon after completing a three-year expansion project that has boosted cargo handling capacity thre...
September 06, 2023
Hyundai Motor tops EV sales in Indonesia

Hyundai Motor Group said Tuesday it has topped the list of electric vehicle sales in the Indonesian market, the country with the fourth-largest population and the No. 1 nickel reserves in the world. The carmaker sold a total of 3,913 EVs and posted a 56.5 percent market share in Indonesia as of Ju...
September 06, 2023
SK Enmove eyes growth in e-fluids, thermal management

SK Enmove, the lubricant-making unit of SK Group, on Tuesday unveiled its new ZIC e-FLO brand to expand its presence in the burgeoning energy-efficient fluid market for electric vehicles and data centers. The new strategy builds upon ZIC's legacy as a pioneering lubricant brand in Korea, evolving ...
September 06, 2023
CJ Foodville to build US bakery plant in Georgia

By Song Jung-hyun ( junghyun792@heraldcorp.com )
September 05, 2023
Samsung works on energy-saving chips for home appliances

BERLIN -- Samsung Electronics revealed it is developing a new neural processing unit chip for home appliances featuring artificial intelligence, to support them to run on ultra-low energy, at this year's IFA, held in Berlin. With the goal of making smarter home appliances, the tech giant will also...

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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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