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The Korea Herald

Markets

August 22, 2023
SK Ecoplant’s US partner Bloom forays into Germany

SK Ecoplant, the construction and energy arm of SK Group, said Monday that its US partner Bloom Energy has signed a supply deal for solid-oxide fuel cells, or SOFCs, with energy conglomerate EnBW, its first customer in Germany, with an aim to expand its presence in the European market. Under the a...
August 22, 2023
Hanwha Life posts first accumulated profits in Vietnam

The Vietnamese arm of Hanwha Life Insurance posted its first accumulated profits since its launch 15 years ago. Marking the local unit’s 15th anniversary, the insurer held a ceremony in Ho Chi Minh City, Vietnam on Friday, where it unveiled its financial achievements. Since posting a net profit ...
August 22, 2023
Big 4 chaebol groups seek to rebuild FKI

South Korea’s top four chaebol groups -- Samsung, SK, Hyundai Motor and LG -- are likely to rejoin the Federation of Korean Industries, the disgraced business lobby group that has remained practically defunct for years following the revelation of its role in a massive influence-peddling scandal in...
August 22, 2023
SKT buys stake in AI developer Persona.AI

South Korea's largest telecommunications carrier SK Telecom said Monday that it has become the third-largest shareholder of Persona.AI, a Seoul-based artificial intelligence contact center, or AICC. The company did not disclose other details, including the deal size and the amount of the stakes it...
August 21, 2023
Korea’s economic recovery falters as China's deflation looms

The South Korean economy faces fresh risks from China, with no immediate breakthrough in sight to recover its faltering exports. Recent figures show worsened woes in Beijing, indicating the country’s economy could be on a path of decline. China has slipped into deflation, reporting a 0.3 percent ...
August 21, 2023
Samsung SDI seeks global tech talent

Some 200 participants attended Samsung SDI's job fair in Korea on Friday, the firm said Sunday, as it seeks to secure top tech talent to continue its growth momentum. In cooperation with local universities, the battery maker hosted the 2023 Tech & Career Forum at a Seoul hotel that was attended by...
August 21, 2023
Eximbank to bolster ties with US, Japanese financial institutions

The state-run Export-Import Bank of Korea said Sunday that it inked a new partnership deal with US and Japanese financial institutions to bolster ties between the three nations, an outcome of last week’s trilateral summit talks. The Eximbank said it signed a trilateral memorandum of understanding...
August 21, 2023
[KH Explains] Ruling calls time on Lineage clones

Both NCSoft and Webzen have made it clear that they will appeal to a higher court. NCSoft said it will look to expand the size of the compensation, as the original lawsuit’s damage was just a part of the entire damage it took. The firm noted that this ruling will serve as a meaningful moment to s...
August 21, 2023
Preorders start for new Audi Q4 e-trons

Audi Korea said Sunday that it started receiving preorders for the all-new Audi Q4 40 e-tron and Q4 Sportback e-tron, the German luxury carmaker’s full-electric sport utility vehicles, for them to be delivered to customers later this month. Since their debut in September last year, the two batter...
August 21, 2023
[From the scene] AI-powered memorial keeps legacy of independence fighters alive

Another new feature of the memorial was a robot, called Nuri. Powered by OpenAI’s generative chat bot ChatGPT, the robot moved around the exhibition space to explain the independence movement to visitors. When visitors called out Nuri and asked questions, it answers with information acquired throu...
August 21, 2023
Korean Air to measure passengers’ weights for better safety, efficiency

South Korean carrier Korean Air said Sunday it would be measuring body weights of its passengers in a bid to strengthen aviation safety and minimize excessive fuel use. Passengers on domestic flights will be asked to weigh in from Aug. 28 through Sept. 6, while international flight passengers will...
August 21, 2023
Daewoong eyes W148b in exports amid upbeat botulinum sales

South Korean drugmaker Daewoong Pharmaceutical said Sunday it has set a target of hitting 148.5 billion won ($110 million) in overseas exports this year amid booming sales of its drugs such as botulinum toxin. The company's overseas exports of drugs in 2022 amounted to 134.8 billion won, an increa...
August 21, 2023
Samyang releases new spicy ramen brand Meptaeng

South Korean food manufacturer Samyang Foods said Sunday it launched a new spicy ramen brand called Meptaeng to mimic the global success of its bestseller Buldak Spicy Chicken Ramen, the popular spicy ramen product. Targeting consumers' distinctive craving for spicy noodles, the company said it ha...
August 21, 2023
Coway water purifier plant runs at 'full throttle' amid upbeat sales

South Korean home appliance maker Coway announced Friday that its ice-making water purifiers posted a 20 percent increase in sales in July compared to last year, amid unprecedented scorching weather. The sales of ice water purifiers during this summer peak season, from May to July, soared almost 5...
August 21, 2023
A third of global GDP covered by Korea-US-Japan partnership

The leaders of South Korea, the US and Japan reached an agreement to establish a trilateral economic security partnership, during a summit held at the Camp David presidential retreat in Maryland on Friday. The trilateral summit was held between Korean President Yoon Suk Yeol, US President Joe Bide...

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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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