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The Korea Herald

Markets

August 30, 2023
DGB to establish asset management firm in Singapore

DGB Financial Group, a Korean financial holding company, said it plans to establish an asset management company in Singapore. The company recently submitted an application to the Monetary Authority of Singapore seeking a license to operate as a registered fund management company. "Our primary foc...
August 30, 2023
Upbit at forefront of fighting phishing scams

South Korea's largest cryptocurrency exchange Upbit has been at the forefront of preventing fraudulent digital transactions, with its state-of-the-art artificial intelligence-based fraud detection system, amid increasing virtual asset investment and related crimes. Using its latest technology, the...
August 29, 2023
Posco Future M sets sales target of W43tr by 2030

South Korean battery materials maker Posco Future M on Monday pledged to secure 42 trillion won ($32.4 billion) in sales and 3.4 trillion won in operating profits by 2030, under a new vision of accelerating eco-friendly future materials business. “We are the one and only total solution provider f...
August 29, 2023
Samsung recruiting foreign tech talent to work at Korean operations

Samsung Group's key technology affiliates -- Samsung Electronics, Samsung Display and Samsung SDI -- will hire experienced workers with research and development capabilities from outside the country, according to industry sources on Monday. South Korea's largest conglomerate has been carrying out ...
August 29, 2023
BBQ Chicken ranked among US' fastest-growing restaurant chains

Genesis BBQ, the operator of Korean fried chicken franchise BBQ Chicken, said Monday it has been ranked one of the fastest-growing restaurant chains in the United States, for three consecutive years. BBQ Chicken was named seventh among the top 25 restaurant brands that achieved the fastest growth ...
August 29, 2023
LG Chem leads innovative efforts in carbon neutrality

Amid mounting global calls for sustainable development, South Korea’s largest chemical firm LG Chemical has been researching ways to produce eco-friendly plastics. Under the global campaign of achieving carbon neutrality by 2050, the international race has intensified across the petrochemical ind...
August 29, 2023
Export slump to recover in first half of 2024: KITA

Korea's export downturn will see a recovery in the first half of next year, with the semiconductor market expected to rebound in the fourth quarter of this year, the Korea International Trade Association forecast on Monday. The prediction was based on findings that the primary factor behind Korea'...
August 29, 2023
[KH explains] Is a third-party buyout of Asiana Airlines around the corner?

Amid ongoing delays in a high-profile merger between South Korea’s top two air carriers Korean Air and Asiana Airlines, some market watchers are speculating that strategic investors are preparing for a possible third-party buyout of Asiana. Private equity funds are reportedly releasing requests f...
August 29, 2023
GS E&C to look abroad as business suspension looms

South Korean builder GS Engineering & Construction, facing an unprecedented business suspension for up to 10 months over the recent collapse of an underground parking lot it built, seems to have no other way but to go abroad to seek new business opportunities for the time being, industry sources sa...
August 29, 2023
NFT conference to explore monetizing digital assets in Web3 era

NFT 2023 Seoul Conference is scheduled to take place on Friday at Coex in southern Seoul to explore the interplay between non-fungible tokens, digital assets such as art and the Web3 framework that enables new decentralized digital asset marketplaces. The event will be organized by The Korea Heral...
August 28, 2023
LG Energy Solution grows together with workers

The firm’s headquarters in Seoul also opened a nursery school last September. While South Korea is suffering from a record-low birth rate, LG Energy Solution encourages working parents with maternity benefits, fertility treatments and two years of parental leave. Another goal is to create an enj...
August 28, 2023
Food trade agency chief wins leadership award

Kim Chun-jin, CEO of the Korea Agro-Fisheries & Food Trade Corp., won the 2023 South Korea Leadership Award presented by the Korean Association for Public Administration on Thursday. The chief of the state-run food trade agency was recognized for bolstering a low-carbon diet campaign called “Gree...
August 28, 2023
Inflation fears grow on high fuel costs

The on-year growth in consumer prices is likely to bounce back to the 3 percent range from this month due to the spike in international oil prices. While inflation in Korea has been easing off this year, the Finance Ministry expects it to climb back, reaching the 3 percent range before coming down...
August 28, 2023
‘Samsung needs control tower’: compliance committee chief

Samsung Group is a "massive aircraft carrier" and so it needs a control tower for better efficiency and unity, the chief of the tech giant's compliance committee said in an interview with a local news outlet on Aug. 23. "A small sailing boat does not need a control tower, but Samsung is a giant ai...
August 28, 2023
Hana donates educational supplies for Mexican students

Hana Financial Group said Sunday that it has donated educational supplies for students of a female boarding school in Mexico to support their English education. Escuela Villa de las Ninas, located in the state of Chalco, was founded by the Korean Catholic congregation called the Sisters of Mary in...

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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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