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The Korea Herald

Markets

July 27, 2023
Samsung's new foldable phones return with upgraded hinges, bigger screens

Users can quickly switch between four recently used apps. Switching between apps and a screen has also become more convenient, such as selecting an image from the Gallery app with one hand and opening Samsung Notes with the other hand to easily paste an image. The hidden pop-up function allows the...
July 27, 2023
[From the Scene] Samsung's new foldable phones unveiled in festive mood in Seoul

Samsung touted the compact design, a variety of customizable features and drastic improvements to the overall functions of its latest foldable smartphone series. In particular, the display‘s new water drop-style hinge design, called the “Flex Hinge,” makes the new phones thinner than their prede...
July 26, 2023
Korea’s economy grows 0.6% in Q2

South Korea’s economy has managed to avoid negative growth by expanding 0.6 percent in the April-June period from the previous quarter, the Bank of Korea said Tuesday, chiefly due to imports that fell even more sharply than the country‘s weak exports. According to preliminary data from the BOK, ...
July 26, 2023
[Contribution] Cash or bonds?

By Manpreet Gill One of the biggest investment debates of our times is whether to own cash or government bonds. In the developed markets, one of the most rapid policy rate hiking cycles in history has meant that short-term returns from cash are now higher than what one can earn on a longer maturit...
July 26, 2023
Posco International secures oil share in Indonesia's gas block

Posco International announced Tuesday that it has inked a production sharing contract with the Indonesian government and its state-run oil company Pertamina Hulu Energi, in a move to secure the share of oil produced from the Bunga gas block located off Indonesia's eastern Java island. The signing ...
July 26, 2023
[KH Explains] New bourse operator to transform stock market

A new bourse operator is looking to shake up the Korean stock market next year, with a launch that would break up Korea Exchange's monopoly for the first time in nearly seven decades. On July 19, the Financial Services Commission granted preliminary approval for the alternative trading system call...
July 26, 2023
LG’s upgradable home appliances to make global debut next year

LG Electronics introduced the new and improved version of its home appliance brand Tuesday to offer "hyperpersonalized" user experiences, raising connectivity and offering new subscription services to make doing household chores easier. Presenting the enhanced plan for the brand UP Appliance 2.0 t...
July 26, 2023
New AI alliance launched

A group of South Korea’s leading companies in 10 major sectors including automobiles, shipbuilding, battery, robots and steel, agreed to form an alliance to strengthen competitiveness by linking and cooperating on value chains across industries with the latest artificial intelligence technologies,...
July 26, 2023
Korea, Indonesia vow to bolster business ties

Top government officials and entrepreneurs from South Korea and Indonesia on Tuesday renewed their commitment to bolstering economic and business ties between the two countries, commemorating the 50th anniversary of bilateral relations this year. “As of 2022, South Korea became the seventh larges...
July 26, 2023
[Exclusive] BTS’ Suga to appear at Samsung's Galaxy Unpacked event in Seoul

Suga of K-pop phenomenon BTS is set to participate in Samsung Electronics' upcoming Galaxy Unpacked event, which will be the tech giant’s first unveiling of its flagship phones at home, according to industry sources Tuesday. “Suga will attend the event as a guest, but he will not be performing o...
July 26, 2023
Hyundai Motor opens battery research center with SNU

A joint battery research center between Hyundai Motor Group and Seoul National University officially opened Tuesday, signifying the South Korean automaker’s willingness to secure future-leading technologies in the global electric vehicle industry. “Our mission to develop a diverse range of mobil...
July 26, 2023
[Exclusive] Hyundai to ramp up EV production in Indonesia

Hyundai Motor Group is poised to produce electric vehicles, including the flagship Ioniq 5, in Indonesia equipped with battery packs made at its manufacturing plant there from August 2024, ramping up production to allow hefty EV tax incentives. “Hyundai Energy Indonesia will be producing battery ...
July 25, 2023
[KH explains] Why is Korea going for a second legal bout with Elliott?

A yearslong legal dispute between the South Korean government and US hedge fund Elliott Investment Management has entered another phase, as the government decided to file a suit to reverse an international tribunal's order to pay some $108 million in damages to the hedge fund. At the center of the...
July 25, 2023
Samsung SDI, Stellantis to build second joint EV battery plant in US

Samsung SDI said Monday it is poised to build a second electric vehicle battery manufacturing plant with Stellantis in the US, ramping up its investment in the all-important EV market. The two signed a memorandum of understanding to set up the plant under StarPlus Energy, a joint venture of Samsun...
July 25, 2023
[KH Explains] KakaoTalk reigns at home, but falters overseas

KakaoTalk has dominated South Korea’s messenger app market, as it connects people and offers numerous services affiliated from taxi-hailing to banking. While an increasing number of local users heavily rely on the messaging app, about 2.25 million people abroad, which take up over 4.2 percent of 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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