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The Korea Herald

Markets

July 28, 2023
LG upbeat about automotive biz

LG Electronics, a leading home appliance supplier, said Thursday it has achieved the highest second-quarter revenue in company history at 19.9 trillion won ($15.6 billion), overcoming the sluggish demand situation the world’s consumer appliance market is experiencing. Backed with overall growth i...
July 28, 2023
SK Telecom-led global AI alliance launched

Led by South Korea’s SK Telecom, a new global alliance has been formed as four major telecommunications firms from South Korea, Germany, the United Arab Emirates and Singapore join hands to expand cooperation in the artificial intelligence business. The nation’s No. 1 telecom company in terms of...
July 28, 2023
Kia mulls lowering EV prices

Kia will consider lowering the prices of its battery-powered electric vehicles to compete against global EV leaders amid growing markets, according to the automaker’s chief financial officer on Thursday. “The important point from now on regarding the EV market, which has become highly competitiv...
July 28, 2023
KT&G employees volunteer at soup kitchen

KT&G, South Korea's dominant tobacco and ginseng company, said Thursday its chief executive and employees carried out voluntary work at a soup kitchen in Seoul to help homeless people and senior citizens bear the summer heat. KT&G CEO Baek Bok-in and 20 other executives and employees took part in ...
July 27, 2023
End of IPO drought?

Expectation for end of interest hikes and IPO market reform to boost slowed listing activities The initial public offering pipeline for the second half of the year appears to be strong, with high-profile companies, including a fabless chip startup and a battery material maker, pushing for their li...
July 27, 2023
Mastern America, BuildBlock join hands to expand presence in US commercial development market

Mastern America, the US arm of Mastern Investment Management, said Wednesday it has joined hands with real estate platform operator BuildBlock to expand its presence in the US commercial development market. The two firms recently signed a memorandum of understanding to bolster their ties and coope...
July 27, 2023
Posco’s Steel ContiNew project revitalizes abandoned rural houses

South Korean steelmaker Posco is ramping up its efforts to revitalize depopulated areas in the provinces by renovating abandoned houses under its ongoing project, Steel ContiNew. The project was first launched in December 2021 to address growing concerns over an increase in the number of abandoned...
July 27, 2023
Vine Group, Goodwill Store host donation campaign for disabled

Vine Group has teamed up with Goodwill Store to host a donation campaign throughout July, marking their fifth collaboration since 2019. Under the theme "connecting hearts, connecting sharing and connecting values," this year's campaign aims to encourage recycling and create job opportunities for t...
July 27, 2023
Hanwha Aerospace to develop fighter jet engine materials

Hanwha Aerospace on Wednesday said it is poised to develop engine materials for fighter jets in a move to bolster the nation’s self-defense capabilities. The defense and aerospace unit of Hanwha Group signed a memorandum of understanding with the Korean Institute of Metals and Materials, the Kore...
July 27, 2023
GS E&C to join UK's largest modular housing project

GS Engineering and Construction announced Wednesday that its UK-based subsidiary modular company Elements Europe has secured a construction contract for the Camp Hill project, the largest modular housing project in the UK. The project, valued at around 210 billion won ($164 million), is a city red...
July 27, 2023
Battery stock frenzy drives Kosdaq volatility

The total market capitalization of the secondary bourse Kosdaq surpassed 458.4 trillion won ($354.8 billion), reaching an all-time high on Wednesday morning. However, in the afternoon, stock prices began fluctuating. Just a day after hitting a record-high of 454.57 trillion won on Tuesday, the Kos...
July 27, 2023
SK hynix remains in red for 3rd consecutive quarter

SK hynix, the world’s second-largest memory chip maker, reported an operating loss of 2.8 trillion won ($2.1 billion) in the second quarter of this year, falling into the red for the third consecutive quarter amid a severe market downturn. While the quarterly loss is the second-largest since SK G...
July 27, 2023
Hyundai Motor posts record earnings on upbeat US sales

Hyundai Motor said Wednesday it posted record-high sales and profits in the second quarter this year, largely buoyed by strong sales in key markets, including the US. The carmaker’s sales revenue surged by 17.4 percent to 42.2 trillion won ($33 billion) from a year earlier, surpassing the previou...
July 27, 2023
Samsung Biologics posts all-time-high earnings for H1

Samsung Biologics said Wednesday that the company’s earnings in the first half reached all-time highs, with 1.59 trillion won ($1.23 billion) in sales and an operating profit of 445.2 billion won, supported by a solid contract-winning spree. Compared with the first half of last year, Samsung Biol...
July 27, 2023
Philips seeks to fight health care shortcomings with digitization

By Lee Yoon-seo Korea Herald correspondent SINGAPORE -- Philips APAC, the multinational health care solution provider Philips' headquarters for the Asia-Pacific region, on Wednesday said it is committed to digitizing the APAC health care industry to enable better patient outcomes and drive greate...

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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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