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The Korea Herald

Markets

August 02, 2023
NCSoft vows to boost support for emerging creative talent

At this year’s Character Licensing Fair, a total of 50 artists exhibited and promoted their characters invented under the company’s sponsorship. “Participating in a fair is really great opportunity, but for rookies, it also comes with immense pressure. However, the secretariat greatly helped me...
August 02, 2023
Naver Pay eyes Chinese debut this year

Naver Financial, a financial platform owned by South Korean internet giant Naver, said Tuesday it aims to introduce a mobile payment system to be used at stores in China, allowing the company to provide a better shopping experience mainly for Koreans traveling there. The company has recently signe...
August 02, 2023
SK On names industry veteran as first CCO

South Korean battery cell maker SK On, affiliated with the nation’s second-largest conglomerate SK Group, on Tuesday named Sung Min-suk an automotive veteran as its first chief commercial officer. Sung, the former CEO of Hanon Systems, a Korea-based automotive parts maker, will take the new role ...
August 02, 2023
HD Korea Shipbuilding to acquire STX Heavy Industries

HD Korea Shipbuilding & Offshore Engineering, the shipbuilding unit under HD Hyundai, said Tuesday it will acquire STX Heavy Industries, a Korea-based marine diesel engine manufacturer in a 81.3 billion won ($63.5 million) deal. The company said it signed a contract with the private equity firm Pi...
August 01, 2023
LG CNS launches alliance to promote enterprise agility

South Korean IT solutions provider LG CNS said Monday it has formed a trilateral alliance with US-based Scaled Agile and Seoul-based cloud and agile service provider Open Source Consulting to strengthen its business in building and improving cloud-optimized applications. The three firms signed a m...
August 01, 2023
[KH Explains] Commercial real estate crash punishes investors

Korean investment firms are at the risk of painful losses in their commercial real estate investments with high interest rates and a shift to teleworking. With major economies tightening monetary policies, and the post-pandemic trend of working from home pushing up office vacancy rates, commercial...
August 01, 2023
SK highlights groupwide outreach in 2023 report

SK Inc., the strategic investment holding company of South Korea’s second-largest conglomerate SK Group, published its annual environmental, social and governance reports Monday, including details of the company’s business management and climate-related finance plans. The company said it has rel...
August 01, 2023
Hanwha bolsters space manpower

South Korean conglomerate Hanwha Group is looking to add more talent to ramp up its space personnel resources and lead the opening of the country’s space era. Hanwha Aerospace and Hanwha Systems on Monday opened a recruitment process to hire newcomers and experienced job seekers as crew members o...
August 01, 2023
[KH Explains] Users abandoning Meta's Threads after explosive start in South Korea

Threads, the text-based social media platform built by Meta to rival Twitter, now called X, has seen a staggering decline in the number of daily active users in Korea, just within two weeks of its launch. Last Thursday, Meta CEO Mark Zuckerberg admitted that Threads has lost more than half of its ...
August 01, 2023
SK Nexilis, Toyota Tsusho to set up battery materials JV

SK Nexilis, an SKC subsidiary, said Monday it has partnered up with Japan-based Toyota Tsusho Corp. to set up a joint venture and produce copper foil for electric vehicle rechargeable batteries in North America. Under the joint investment, SK Nexilis will be in charge of copper foil production, wh...
August 01, 2023
Over 3m Koreans visit Japan in H1

The number of South Korean tourists to Japan surpassed 3 million in the first half of this year, recovering to pre-pandemic levels. The number of Japanese people visiting South Korea, however, has rebounded at a much slower pace to reach some 860,000, according to government data Monday. The yen’...
August 01, 2023
[Beyond Earth] Contec leads Korea's space industry growth

Over 50 space companies from across the globe gathered on Jeju Island on June 28 to attend the opening ceremony of the International Space Summit. They came together to discuss trends in the space industry, in launch vehicles, ground station networks, satellite image analysis and other areas. The ...
August 01, 2023
FSS orders Morgan Stanley, Merrill Lynch to enhance internal accounting practices

Korea's Financial Supervisory Service has requested the Seoul branch offices of two securities firms -- Morgan Stanley and Merrill Lynch -- to enhance their internal management in response to identified deficiencies in their books. Morgan Stanley had two instances of such management caution cases,...
August 01, 2023
Doosan secured W500b pre-orders for lightweight EV cables

Doosan Corp., the holding unit of Doosan Group, said Monday it had secured a total of 500 billion won ($390 million) in preorders since 2019 for its lightweight patterned flat cable — or PFC — from corporate clients around the world. The PFC is a next-generation cable system pioneered by Doosan ...
August 01, 2023
CJ divests Chinese subsidiary in bid to ramp up K-food push

South Korean food giant CJ CheilJedang said Monday it sold its entire stake in Jixiangju Food, one of its biggest Chinese subsidiaries that sold Chinese food in China, in a bid to focus on its global strategy to primarily sell Korean food products, centering on its Bibigo brand. According to CJ Ch...

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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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