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The Korea Herald

Markets

August 08, 2023
Osaka, Tokyo two most popular destinations in H1

Japan’s Osaka and Tokyo were the two most popular outbound destinations for South Korean travelers in the first half of this year, according to government data Monday. Data from the Ministry of Land, Infrastructure and Transport showed that the route connecting Incheon Airport and Osaka’s Kansai...
August 08, 2023
[KH explains] LK-99: Roller coaster of excitement, deflation

A South Korean research team recently created a buzz with a claim that it has created one of the holy grails in science -- a room-temperature superconductor called LK-99 – prompting researchers around the world into a race to replicate the experiment. Two weeks after their claimed discovery, no on...
August 08, 2023
Superconductor-themed stocks rally on hope for breakthrough finding

Stock prices of superconductor-themed shares rebounded Monday, backed by a retail investor frenzy with high hopes on the potential game-changing room temperature superconductor technology. Shares of superconductor industry related firms continued to enjoy a rally from last week after a research te...
August 08, 2023
Korean companies offer support for Scouts

Samsung dispatched about 150 employees to the Saemangeum campsite area on Monday to help clean up. Over the weekend, the group sent an 11-member medical team from Samsung Medical Center and supplied portable toilets, electric carts and sports drinks. Hyundai Motor also provided buses and mobile of...
August 08, 2023
Carrot Insurance hires ex-Apple AI specialist as CTO

Carrot General Insurance, the nation’s largest digital insurer, said Monday it has hired Lee Jin-ho, a former Apple specialist in artificial intelligence and machine learning, as its new chief technology officer. "Incorporating my expertise and experience gained in Silicon Valley, I am committed ...
August 08, 2023
[KH Explains] Are women well represented in clinical trials?

Efforts are underway to consider sex differences in drug development by increasing woman’s participation in clinical trials, but the lack of regulatory guidelines remains a barrier to taking gender diversity into account, experts say. The COVID-19 pandemic and South Korea’s vaccination programs ...
August 08, 2023
Samsung-backed Rainbow Robotics to co-develop firefighting robots

South Korean humanoid robotics company Rainbow Robotics said Monday it is joining a 17.4 billion won ($13.36 million) state-run project to develop robots specialized for firefighting. Overseen by the Korea Institute of Robot and Convergence, affiliated with the Ministry of Trade, Industry and Ener...
August 08, 2023
Food Ministry aims to double kimchi exports to $300m by 2027

The Ministry of Agriculture, Food and Rural Affairs set a goal to double the exports of kimchi to $300 million by 2027 via a comprehensive plan to bolster the nation's kimchi industry, the ministry announced Monday. The Food Ministry unveiled its five-year plan for 2023 to 2027 for the promotion o...
August 08, 2023
LG Display named as Bosch’s top supplier

LG Display announced Monday that it has won a Bosch Global Supplier Award for its technological prowess, becoming the first company in the industry to gain global recognition in the automotive display sector. The Bosch Group, the world’s No. 1 automotive parts manufacturer, reserves the award for...
August 08, 2023
KT to appoint new CEO upon shareholder approval later in Aug.

South Korean telecom giant, KT Corp., said Monday that its CEO nominee will be appointed as the company’s new chief by taking shareholders’ votes at the extraordinary shareholders meeting slated for the end of this month. KT Chief Financial Officer Kim Young-jin said at the company’s earnings c...
August 08, 2023
K-water offers accommodation, transportation for Singaporean scouts

Korean Water Resources Corp. (K-water) has provided one of its buildings in Daejeon to accommodate scouts from Singapore after they left the World Scout Jamboree campsite in Saemangeum, North Jeolla Province due to safety concerns last Saturday. During the 65 Singaporean scouts' stay at the instit...
August 07, 2023
[KH Explains] Hyundai faces hurdles in acquiring GM’s Indian plant

With global carmakers, mainly Tesla, making forays into the growing Indian market, Hyundai Motor Group is seeking to acquire General Motors’ manufacturing plant there -- but faces challenges in its efforts. The world’s third-largest carmaker plans to complete the acquisition of GM’s Indian plan...
August 07, 2023
Hana joins hands with State Bank of India to bolster global business

Hana Financial Group announced on Sunday that it had signed a contract with the State Bank of India to establish a strategic partnership, aiming jointly to expand their global business. The SBI is India's largest government-owned commercial bank, operating in 25 different regions worldwide, includ...
August 07, 2023
Energy demand hits peak this week amid heat wave

Electricity demand is expected to reach its peak nationwide in the next two days as South Korea grapples with a record-breaking heat wave that was raised to the highest alert level Tuesday. Electricity usage in South Korea is projected to reach 92.9 gigawatts both on Monday and Tuesday, to record ...
August 07, 2023
KB gets final nod to launch new unit in Cambodia

KB Kookmin Bank said on Sunday that it has received final approval to merge its two affiliates in Cambodia ― Prasac Microfinance and Kookmin Bank Cambodia ― on Friday. This announcement came after the bank sought the green light from Cambodian authorities to merge its two affiliates and launch a...

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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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