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The Korea Herald

Markets

August 10, 2023
Hyundai Mobis to supply battery systems to VW

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
August 10, 2023
Hyundai Motor outpaces Samsung in economic impact for 1st time: data

Hyundai Motor Group’s economic impact on South Korea's economy outpaced that of Samsung Electronics for the first time last year, data showed Wednesday. The combined economic contribution of Hyundai and its smaller affiliate Kia came to 164.6 trillion won ($124.7 billion), going beyond the 148.1 ...
August 10, 2023
Korea to unveil medical care plans for pets in Oct.

The South Korean government plans to propose new policies to improve its medical care system for pets amid a growing pet population in the country. The number of households with dogs or cats in Korea came to 6.02 million last year, rising sharply by 65.4 percent from 3.64 million in 2012, accordin...
August 10, 2023
SK Bioscience acquires 7% stake in Novavax

SK Bioscience, a pharmaceutical affiliate of South Korea’s SK Group, said Wednesday it has acquired a 7 percent stake, or 6.5 million shares, in US biotech firm Novavax in a deal worth some 110 billion won ($83.5 million). The stock deal was inked as a mean of payment for Novavax, which owed SK B...
August 10, 2023
SK hynix unveils world’s first 321-layer NAND

SK hynix, the world’s second-largest memory chip maker, unveiled samples of the world’s first 321-layer NAND and next-generation memory solutions for AI demand at a global industry conference in the US on Wednesday. At the Flash Memory Summit, the world’s biggest annual conference for the NAND ...
August 09, 2023
Trade, overseas dividends bring current account surplus expansion

#Current account surplus for first 6 months shrink 90% compared to a year ago South Korea logged a current account surplus for two consecutive months in June due to a trade surplus and increased dividends from overseas, central bank data showed Tuesday. The country's current account gained $5.87 ...
August 09, 2023
[KH Explains] Will heiress’ abrupt departure spark succession race at Amorepacific?

Suh Min-jeong – the elder daughter of Chairman Suh Kyung-bae of South Korean beauty giant Amorepacific and the prime candidate to inherit the company – recently went into an abrupt yearlong leave of absence, fueling speculation about the company’s business strategy and succession scheme. Having...
August 09, 2023
Samsung’s latest foldable phones set preorders record at home

Samsung Electronics’ new foldable smartphones -- the Galaxy Z Flip 5 and Fold 5 -- have yet to be launched, but preorder figures suggest that they are likely to be a super hit. The South Korean tech giant said Tuesday that preorders for the two models amounted to 1.02 million units in South Korea...
August 09, 2023
[Contribution] Enjoy a safe, exciting summer at Korea’s beautiful beaches

By Cho Seung-hwan, minister of oceans and fisheries As summer arrives, the blazing sun glazes up the asphalt and the summer heat intensifies. Indeed, the season to embark on a well-deserved summer vacation has arrived. And yet, we inevitably mull over the specifics of somewhat vague but long-await...
August 09, 2023
Starbucks Korea gives scholarships to patriots' descendants

Starbucks Korea announced Tuesday that it has donated scholarship funds to descendants of Korean independence activists who supported the country’s fight against Japanese colonial occupation. The donation ceremony was held earlier on the day at Starbucks Academy Center, also Starbucks Korea's for...
August 09, 2023
Coway air purifier tops US Consumer Reports ratings

South Korean home appliance maker Coway said Tuesday its latest air purifier, called the Coway Airmega ProX, has topped a recent US Consumer Reports rating among 186 air purifier models. The Coway air purifier earned the highest 93 points in performance evaluations conducted by Consumer Reports, a...
August 09, 2023
LG Energy Solution to build battery recycling plants in China

LG Energy Solution will build two battery recycling plants in eastern China under a joint venture with top Chinese cobalt producer Huayou Cobalt, marking the first collaboration of its kind in the industry between Korean and Chinese companies. The pretreatment factory, which will be set up in Nanj...
August 09, 2023
Hyundai Motor chief underscores India expansion in EV push

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
August 09, 2023
Hanwha boasts highest number of overseas units among chaebol rivals

Defense-to-energy giant Hanwha Group operates the largest number of overseas units among the nation’s top chaebol groups, with the figure surging from last year’s 102 to 739 this year, according to a recent report by corporate tracker Korea CXO Institute on Tuesday. Hanwha, the nation’s seventh...
August 09, 2023
Volkswagen Group Korea ramps up efforts to nurture tech talent

Volkswagen Group Korea continues to make efforts to contribute to the growth of automotive-specific software talent with a series of educational and job-creating initiatives for the local economy, responding to the need for highly trained software professionals in the increasingly digitized automot...

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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
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