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The Korea Herald

Markets

September 02, 2023
Government attempts to reassure KFCC depositors

The government on Thursday stepped in to soothe public anxiety over the Korean Federation of Community Credit Cooperatives (KFCC), as depositors' distrust toward the nation's primary mutual financial institution lingers over its high delinquency rates. The joint briefing was organized by relevant ...
September 02, 2023
Hyundai Oilbank enables app users to pay for gas via Toss Pay

Hyundai Oilbank, Korea's major refiner, has enabled users of its mobile application Car& to make payments via Toss Pay, one of the most popular mobile payment methods here, offering a more convenient option for transactions. Customers can pay for gas via Toss Pay before visiting gas stations throu...
September 02, 2023
HDC steps up digital transformation efforts

Hyundai Development Co., a major real estate development and builder here, is pushing its digital transformation further to run its construction projects in safer and more precise ways. To do so, HDC has devised the HDC Estimate system based on Building Information Modeling (BIM), an intelligent t...
September 02, 2023
Renault Korea CEO aims high with hybrids

Amid fierce competition among carmakers in the Korean electric vehicles market, Renault Korea Motors vowed to accelerate the launch of hybrid cars running on an electric motor along with a gasoline engine until it unveils its first battery-powered vehicle in 2026. “Under our Aurora Project, we’r...
September 02, 2023
Corning starts producing bendable glass in Korea

US tech company Corning Inc. Chairman Wendell Weeks announced Thursday that the company is building the world’s first fully integrated supply chain to manufacture next-generation bendable glass technology in South Korea. Manufacturing of the latest product has already kicked off at its Asan plant ...
September 02, 2023
Samsung, LG to boast enhanced connectivity at IFA

At this year’s IFA, Europe’s biggest home appliances trade show, two of South Korea’s tech giants, Samsung Electronics and LG Electronics, are set to showcase their latest premium products that maximize energy efficiency As the IFA celebrates its 99th anniversary this year, about 2,290 companie...
September 02, 2023
Hyundai, LG to double funding for Georgia battery plant

Hyundai Motor Group and LG Energy Solution are poised to inject an additional $2 billion to build a joint electric vehicle battery manufacturing plant in the US state of Georgia, raising the total investment to more than $4.3 billion, the state government announced on Thursday local time. Accordin...
September 02, 2023
L’Oreal Korea, marking 30th anniversary, bets big on K-beauty

L’Oreal Korea, making its 30th anniversary this year, said Friday it would boost collaboration with South Korean partners to ride the K-beauty boom around the world. “Korea has a very strategic and strong role to play within the ecosystem of the North Asia Beauty Triangle,” Fabrice Megarbane, p...
August 31, 2023
KT appoints new CEO after monthslong leadership vacuum

South Korean telecommunications giant KT Corp. on Wednesday appointed a new chief following several months without a CEO. The company said its shareholders approved the appointment of Kim Young-shub, the former CEO of IT service provider LG CNS, as its new head at a shareholders meeting earlier in...
August 31, 2023
Over 50% of Korean firms missing earnings target in China this year: survey

China’s disappointing economic recovery has led more than half of Korean companies to miss their earning targets in the market, with abounding downside risks hampering the path to a rebound in the second half of the year, Korea’s major business lobby group said Wednesday. The Korea Chamber of Co...
August 31, 2023
SK-backed Sapeon raises W60b in series A funding

Sapeon, a global AI semiconductor company that spun out from SK Telecom last year, announced Wednesday it concluded its Series A financing round, securing over 60 billion won ($45.4 million) in investments. With the latest round, the company's valuation now exceeds 500 billion won. Ascent Equity P...
August 31, 2023
Korea likely to designate Oct. 2 as temporary holiday

Finance Minister Choo Kyung-ho said the government was positively considering the ruling party's proposal to designate Oct. 2 as a one-off public holiday to allow people to have six consecutive days off work. "The ruling party made the suggestion to ensure the people's right to rest and to stimula...
August 31, 2023
Hyundai Steel’s new raw material analyzer revs up manufacturing pace

Hyundai Steel, in collaboration with Hyundai Motor Group's in-house startup 3I Solution, has developed an Industrial Neutron Composition Analyzer that accelerates steel manufacturing by evaluating raw materials, such iron ore and scrap metal, in real time. By providing real-time feedback, it allow...
August 31, 2023
Cosmetics maker Siita sets off new syndrome in sustainability

Such innovation has led to the company being described by some as “Apple of the cosmetics industry,” according to Siita officials. Globally acclaimed media, including Bloomberg and the IBTimes, as well as well-known stars like Jeremy Renner and CL, have been showing their support for the brand. ...
August 31, 2023
Dong-A ST eyes Europe market with Stelara biosimilar

Dong-A ST, the pharmaceutical unit of South Korean giant Dong-A Socio Holdings, has submitted a Marketing Authorization Application to the European Medicines Agency for its Stelara biosimilar DMB-3115, the company announced Wednesday. DMB-3115 is a biosimilar to ustekinumab, also dubbed Stelara, a...

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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
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