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The Korea Herald

Markets

August 16, 2023
Cosmax completes Asia's largest cosmetics plant in China

South Korean cosmetics manufacturer Cosmax BTI's cosmetics production plant, jointly built with China-based cosmetics company Yatsen, recently began operations in Guangzhou, China, amid burgeoning demand for high-quality consignment production of cosmetic goods in the Chinese market. The plant is ...
August 16, 2023
[KH Explains] Chinese server robots gobbling up Korean market

Since the outbreak of COVID-19, local restaurants and hotels have been increasingly adopting server robots, and almost seven out of 10 are believed to be from China. According to industry estimates, there were about 5,000 server robots last year, a surge from some 3,000 units in 2021. This year, t...
August 16, 2023
Hyundai Motor bolsters EV charging service in China

Hyundai Motor Group on Monday joined hands with NaaS, a Chinese electric vehicle charging service provider, to innovate in the EV charging market. Officials of the South Korean auto giant and NaaS signed a memorandum of understanding at the Chinese firm in Beijing to develop EV charging services t...
August 16, 2023
Foreign investment banks lukewarm on Korea’s near-term growth

Global investment banks offered a lukewarm outlook for South Korea’s near-term growth, with their average projection for 2024 remaining at 1.9 percent as of July, according to a report from the Korea Center for International Finance on Monday. If the Korean economy aligns with these forecasts and...
August 16, 2023
[KH Explains] Samsung, LG to make motor show debuts next month

Samsung Electronics and LG Electronics will attend IAA Mobility 2023, a major global automotive fair, for the first time next month, signifying the South Korean electronics giants’ emphasis on the automotive electronic components market. IAA Mobility, which is set to take place in Munich, Germany...
August 16, 2023
SPAC listing market stable after rules eased: KRX

The Korea Exchange, the nation’s sole bourse operator, said Tuesday that the stock market for special purpose acquisition companies, or SPACs, remains stable after price fluctuations in the first months of eased regulations. A SPAC is a publicly traded shell corporation that is formed to raise ca...
August 16, 2023
Chip inventory of Samsung, SK hits W50tr

Samsung Electronics’ chip division and SK hynix have seen their inventories surge in the first half of this year, surpassing a combined 50 trillion won ($37.3 billion), according to the semi-annual reports released by the two firms on DART, the Financial Supervisory Service's electronic disclosure...
August 16, 2023
'Smart fabric' generates power from sweat, movements

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
August 16, 2023
Lotte chairman highest-paid chaebol leader in H1

Lotte Group Chairman Shin Dong-bin was the highest-paid business leader in Korea for the first half of this year, regulatory filings posted Monday by major firms in Korea showed. Shin received total compensation of 11.2 billion won ($8.37 million) from the retail giant's six affiliates in the Janu...
August 14, 2023
SKT invests $100m in AI firm Anthropic

SK Telecom, South Korea’s leading telecom carrier, announced Sunday that it will invest an additional $100 million in San Francisco-based artificial intelligence safety and research company Anthropic to enhance the partnership between the two companies. Following a previous investment in May, the...
August 14, 2023
Korean Air expands in-flight internet services

South Korean national carrier Korean Air has started to provide in-flight Wi-Fi connection on some of its Airbus A321neo aircraft, industry sources said Sunday. The expansion of in-flight Wi-Fi connection is part of the company’s long-term goal to expand the in-flight connection to 100 percent of...
August 14, 2023
Frozen Iranian funds released

Iranian funds worth an estimated $6 billion, frozen in bank accounts in Korea, have been released, following the US and Iran's tentative agreement to engage in a prisoner swap in exchange for Tehran's access to the blocked funds. All of Iran’s frozen funds in Korea have been unblocked, Central Ba...
August 13, 2023
EcoPro lands MSCI Korea Index

By Song Jung-hyun ( junghyun792@heraldcorp.com )
August 13, 2023
Samsung officially launches Galaxy Z Flip5, Fold5 phones in 50 countries

Samsung Electronics on Friday announced the official launch of its latest foldable smartphones -- the Galaxy Z Flip5 and Fold5 -- in some 50 countries, after record preorders for the foldables at home. Starting sales in major countries, which include Korea, the US, Britain, France, Germany, Singap...
August 13, 2023
SK hynix starts mass-production of largest low-power DRAM for mobiles

SK hynix, South Korea's No. 2 chipmaker, said Friday it has begun mass-production of a mobile DRAM that offers the industry's largest capacity aimed at minimizing power consumption and features low voltage operation for devices, including smartphones and tablets. SK hynix said the 24-gigabyte low-...

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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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