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The Korea Herald

Markets

August 23, 2023
KB, Citibank launch first joint branch in Daejeon

KB Kookmin Bank, South Korea's leading commercial bank, and Citibank Korea inaugurated a joint branch in Daejeon on Monday, according to the Korean lender. Typically, when a bank's branch faces challenges in sustaining its operations while demand still exists in the area, the option of establishin...
August 23, 2023
LG Electronics-made cosmetics products to debut next year

LG Electronics is considering launching cosmetics products in line with the release of a new model of its skin care device under the in-house home beauty brand Pra.L in the first half of next year, according to its recent semi-annual report on DART, the Financial Supervisory Service's electronic di...
August 23, 2023
LS e-Mobility to supply W250b in EV parts to Hyundai, Kia

LS e-Mobility Solutions, an electric vehicle parts manufacturer under LS Electric, said Tuesday it has clinched a deal with Hyundai and its smaller affiliate Kia to supply EV battery management components worth 250 billion won ($186.5 million). The company’s products, called EV Relay, are used to...
August 23, 2023
Asiana Airlines, Seoul Arts Center ink partnership

Asiana Airlines, South Korea’s second-biggest carrier, signed a memorandum of understanding with Seoul Arts Center on Tuesday to ramp up their partnership in promoting arts and culture. Held in SAC’s Opera Theater, the signing ceremony was attended by Asiana Airlines Vice President Won Yoo-suk a...
August 23, 2023
Researchers find hope in fight against age-related muscle loss

Researchers in South Korea have developed the world’s first technology with the potential for treating sarcopenia, an age-related disorder with progressive and generalized loss of muscle mass and strength, Daegu Gyeongbuk Institute of Science and Technology said Tuesday. The research team led by ...
August 23, 2023
New FKI chief vows to ensure transparency to 'clean up dark past' as chaebol rejoin

The new chairperson for the Federation of Korean Industries vowed that the business lobby group would prevent government-business collusion and push for a transparent corporate culture to “clean up the dark past” of a massive influence-peddling scandal it was embroiled in 2016. In its ad hoc gen...
August 23, 2023
[KH Explains] Did social upheaval fuel the superconductor hype?

The outsized reaction to the LK-99 superconductor in South Korea could very much be due to people’s desperate need to escape reality. In the past few weeks, young Koreans imagined a unified nation with dominant global power, all thanks to the homegrown invention of a room-temperature superconduct...
August 23, 2023
Finance expert Bang Moon-kyu tapped as new industry minister

President Yoon Suk Yeol tapped Bang Moon-kyu, the existing government policy coordination minister, as the new minister for trade, industry and energy, his office said Tuesday. Born in 1962, Bang, a finance expert, passed the civil service exam in 1984, before spending most of his career as a publ...
August 23, 2023
Korea’s fisheries worried about consumer fears

South Korea’s fisheries industry on Tuesday raised concerns over the business impact of Japan’s planned release of radioactive water from the crippled Fukushima nuclear plant into the ocean later this week. “Concerns are mounting among merchants here as the latest announcement will lead directl...
August 22, 2023
Hyundai Department Store, Nestle team up in health push

South Korean retail conglomerate Hyundai Department Store Group said Monday it signed an agreement with global health care giant Nestle Health Science in a bid to expand its health-functional food business, one of its key growth drivers. During a signing ceremony held at Nestle's headquarters in V...
August 22, 2023
Samsung’s WindFree AC is peak of luxury design: top interior designer

The elegance of the design is further realized through the addition of edge lighting, which gracefully illuminates the product while allowing users to adjust the hue and brightness through an attached sensor. "Aesthetics are not only determined by the product's form but also by the ambiance it (cr...
August 22, 2023
SK hynix unveils HBM3E, supplies sample to Nvidia

South Korean chipmaker SK hynix announced Monday it has successfully developed HBM3E, the next generation top performing DRAM chip for artificial intelligence applications. The chipmaker also said its customer is evaluating the sample of the new product. High Bandwidth Memory is a high-value, high...
August 22, 2023
Innocean wins 10 Red Dot Design awards

Meanwhile, its Italian affiliate also claimed two awards for “Limitless Brochure” for Kia's EV6 GT car model in the apps, interface and user experience categories. The brochure replaces traditional paper brochures by integrating the very latest 3D and augmented reality technologies, allowing cust...
August 22, 2023
Yeouido to go English-friendly to attract investment

The Seoul Metropolitan Government said Monday that it has begun turning Yeouido, home to finance and investment banking businesses in Seoul, into a more English-friendly area in a bid to transform it into a global financial hub. “In the long term, we are considering the possibility of making Engl...
August 22, 2023
SK Bioscience inks W67b vaccine deal with Thailand's GPO

South Korean drugmaker SK Bioscience said via a regulatory filing Monday that it had clinched a 67.9 billion won ($50.6 million) deal with a Thai state-run company Government Pharmaceutical Organization to provide undiluted solutions of its flu vaccine for 10 years. According to DART, the Financia...

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