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The Korea Herald

Markets

July 12, 2023
Kia names new PBV chief in Europe

Hyundai Motor Group’s sister firm Kia said Tuesday it has tapped Pierre-Martin Bos, a commercial vehicle specialist, as the European chief of its burgeoning purpose-built vehicle, or PBV, business. PBVs refer to battery-powered cars designed to meet specific customer needs such as delivery, ride-...
July 12, 2023
SK hynix becomes sole Dram supplier for Apple's Vision Pro headset

SK hynix, the world’s second-largest memory chipmaker, has been named the sole chip supplier for Apple’s Vision Pro virtual reality headset, according to industry sources Tuesday. Even though the chipmaker declined to confirm the deal, sources said the company will provide a dynamic random acces...
July 12, 2023
[Exclusive] Hyundai’s 'walking vehicle' obtains US patents

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
July 12, 2023
Lenders throw W6tr lifeline to KFCC to ease liquidity concerns

Seven Korean lenders have decided to provide over 6 trillion won ($4.64 billion) in financial assistance to the country's primary mutual financial institution that has been hit by liquidity shortage concerns, according to industry sources on Tuesday. Five major Korean commercial banks -- KB Kookmi...
July 12, 2023
Bioethanol takes spotlight at Green Fuels forum

Some 200 experts from the biofuel, petroleum refinery and automaking industries gathered to attend the 2023 International Green Fuels Symposium on Tuesday to evaluate sustainable fuel market trends and examine related policies in the country. Under the theme “The Role of Green Fuels in Realizing ...
July 12, 2023
SK chief renews will to support young talent

SK Group Chairman Chey Tae-won on Monday renewed his will to support the nation’s young talent, urging them to make Korea a “leading country.” “You should not remain satisfied with South Korea being among the Organization for Economic Cooperation and Development member countries,” he said dur...
July 11, 2023
HD Hyundai spurs innovation through in-house venture program

South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai on Monday said that a total of five teams have been selected to commercialize their business ideas under its in-house venture accelerator program, Dream Cube. Dream Cube aims to support bold-spirited senior-level employe...
July 11, 2023
EcoPro shares fly high on battery frenzy

Shares of South Korean battery materials firm EcoPro rose to over 1 million won ($766.58) during trading hours Monday, surpassing a significant bar for a stock listed on Kosdaq. The stock price of EcoPro closed at 965,000 won, lower than its previous closing price of 988,000 won. It hit a record h...
July 11, 2023
LS Cable unveils world’s thinnest network cable

South Korean cable maker LS Cable & System said Monday that it has released an ultra-slim 10 gigabytes per second local area network cable. Also known as Cat6a LAN cable, the external diameter of this latest cable stands at 6 mm, making it the thinnest LAN cable in the world. It is approximately ...
July 11, 2023
BOK likely to hold key rate steady as inflation eases

The Bank of Korea is expected to keep its key interest rate unchanged this week as recent economic indicators show signs of waning inflation. If the central bank maintains the policy rate at 3.5 percent at its rate-setting meeting scheduled to take place on Thursday, it would be its fourth consecu...
July 11, 2023
Bottled water prices hit 11-year high

South Korea's price growth rate for bottled water recorded its highest level in 11 years following a series of price hikes in the industry, according to data Monday. According to Statistics Korea, the consumer price index of bottled water stood at 112.09, a 10.8 percent on-month increase. The nat...
July 11, 2023
M&A activity plummets 40% in H1

The total transaction volume of cross-border mergersand acquisitions involving Korean companies decreased by more than 40 percent in the first half of this year compared to the previous year, according to a major business lobby group, which called for the government support for deals with overseas ...
July 11, 2023
LG, Hanwha chiefs to visit Poland with Yoon

LG Group Chairman Koo Kwang-mo and Hanwha Group Vice Chairman Kim Dong-kwan will head to Poland later this week as part of President Yoon Suk Yeol's business delegation, seeking to strengthen and expand Polish business partnerships. Yoon on Monday embarked on a six-day trip to attend the North Atl...
July 11, 2023
Hyundai Elevator sets net-zero goal for 2050

Hyundai Elevator has set the goal of reaching net-zero emissions by 2050, according to its latest 2022-2023 environmental, social and governance report released Monday. The report mainly discusses the company’s ESG vision and strategy to achieve net-zero emissions by 2050 based on the Science Bas...
July 11, 2023
Samsung Biologics signs W511b deal with Novartis

Samsung Biologics said Monday the company has signed a 511 billion won ($390.9 million) deal with Novartis to manufacture products for the Switzerland-based pharmaceutical firm. The latest deal follows a letter of intent that Samsung Biologics and Novartis signed in June last year. The two compani...

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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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