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The Korea Herald

Markets

August 07, 2023
[KH Explains] Competition heats up in foldable phones

Competition over the growing foldable smartphone market is growing fiercer, as Samsung seeks to maintain the market dominance it has enjoyed since the launch of its first foldable phone in 2019, while Chinese rivals are racing to catch up. Xiaomi and Oppo have reportedly passed the Chinese governm...
August 07, 2023
S. Korea-China sea routes resume for first time after pandemic

Sea travel routes between South Korea and China will resume after being suspended for three years and seven months, according to the Korean shipping industry on Sunday. Jiaodong Shipping said it will begin transporting passengers via car ferries on the Weihai-Pyeongtaek route starting Wednesday. ...
August 07, 2023
KB chief decides not to seek reappointment

KB Financial Group Chief Yoon Jong-kyoo has decided not to seek his fourth term, the group said on Sunday, just days before the conglomerate's planned announcement of its shortlist of candidates for the head position. Yoon said he made the decision for the group's "new future and transformation." ...
August 06, 2023
Department stores on high alert amid copycat crime threats

South Korean department stores on Friday boosted security measures after copycat crime threats went viral online, following a stabbing rampage at a department store in Bundang, Gyeonggi Province on Thursday. Lotte Property & Investment, one of the leading department store operators here, on Friday...
August 06, 2023
Naver marks record operating earning in Q2, net profit jumps 80%

Naver, South Korea’s largest online portal, logged a record quarterly operating profit in the April-June period, backed by its strong performance in commerce, financial technology and content, the company said Friday. In a regulatory filing, the internet giant reported its sales posted 2.4 trilli...
August 06, 2023
Hyundai Card tops brand reputation among credit cards in August

Hyundai Card topped the brand reputation chart in August, followed by Shinhan Card and Samsung Card, in a monthly ranking announced by Korea Corporate Reputation Research Institute on Friday. The institute announces the Brand Reputation Index every month, analyzing big data information based on co...
August 06, 2023
Hyundai, Kia recall 91,000 US vehicles as precaution to fire risks

Hyundai Motor and Kia are recalling over 91,000 vehicles in the US due to fire risks tied to a possible defect in certain components that could overheat, according to the Korean automobile manufacturers on Friday. They advised owners to park their vehicles outdoors and away from structures until th...
August 06, 2023
Hotel Shilla CEO Lee Boo-jin becomes director of family-run scholarship foundation

Lee Boo-jin, the president and chief executive of Hotel Shilla, has been appointed as the director of the Dooeul Scholarship Foundation, local reports said Friday. The Dooeul Scholarship Foundation was established in commemoration of Park Doo-eul, the late founder of Samsung Lee Byeong-cheol’s wi...
August 04, 2023
[KH Explains] Inheritance tax reform postponed amid criticism over 'silver spoon'

Major changes in the inheritance tax, one of President Yoon Suk Yeol's key campaign promises, have been postponed until next year's general election, as the reform could intensify criticism over tax cuts for the wealthy. On July 27, the government unveiled the tax code revision plan to be submitte...
August 04, 2023
Genesis BBQ opens second branch in Panama

Korean fried chicken franchise Genesis BBQ said Thursday that it has recently opened its second restaurant in Panama, in a move to accelerate its expansion into the Central American market. The opening ceremony was held at Albrook Mall, in Panama City on Wednesday, with top executives including Ge...
August 04, 2023
GS Retail posits GS25 as top convenience store in south Vietnam

GS Retail, the operator of Korea’s convenience store franchise GS25, holds the largest number of stores in the southern regions of Vietnam among its five foreign peers, the company said Thursday. According to self-reported data as of last month, a total of 211 GS25 outlets are spread across these...
August 04, 2023
Hyundai Motor invests $50m in Canadian AI chip startup Tenstorrent

Hyundai Motor Group said Thursday it has invested $50 million in Canadian artificial intelligence semiconductor startup Tenstorrent in a move to secure key technology for future mobility. Tenstorrent recently closed a $100 million strategic funding round, for which Hyundai and its smaller affiliat...
August 04, 2023
Kakao plans new cost-efficient AI

Kakao, the operator of South Korea’s No. 1 messenger app KakaoTalk, said Thursday that it plans to introduce a new artificial intelligence foundation model to balance performance and cost efficiency, as well as services integrated to the model after October this year. Kakao CEO Hong Eun-taek said...
August 04, 2023
Ministry to launch safety inspection into flat-plate apartments

The Ministry of Land, Infrastructure and Transport said Thursday it will launch full-fledged safety checks into buildings constructed using flat slab methods, following revelations that some 16.5 percent of apartment complexes built under the state-run Korea Land and Housing Corp. (LH) are missing ...
August 04, 2023
LG sets up $100m global startup investment fund with Clearbrook

LG Electronics said Thursday it has forged a strategic alliance with Clearbrook, a global investment advisory and asset management, to collaborate on a venture capital fund targeting more than $100 million. The venture capital fund, dubbed Nova Prime Fund, is aimed at fostering companies advancing...

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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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