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The Korea Herald

Markets

July 09, 2023
FSC chief seeks to reassure KFCC depositors

Korea's top financial regulator on Friday sought to reassure depositors in the Korean Federation of Community Credit Cooperatives, the nation's primary mutual financial institution, that the government would ensure the safety of their assets. “I urge people to refrain from withdrawing their depos...
July 09, 2023
LGES inks deal with Chile’s SQM to bolster EV supply chain

LG Energy Solution, the world's second-largest battery maker, said Friday it has inked a long-term deal with Chilean lithium producer SQM for the key electric vehicle battery component. Under the agreement, SQM is set to supply 100,000 metric tons of lithium to LG Energy Solution over the next sev...
July 07, 2023
Kumho Tire inks sponsorship deal with AC Milan

South Korean tire maker Kumho Tire said Thursday it has signed a sponsorship deal with AC Milan, the renowned Italian professional football club based in Milan, for five seasons through the 2027-28 Serie A season. The signing event was held at the club’s headquarters Casa Milan with top executive...
July 07, 2023
Samsung’s new foldable phones to be unveiled on July 26 in Seoul

Samsung Electronics on Thursday sent out invitations to the “Join the Flip Side” unpacking event for its new foldable smartphone series later this month in Seoul, marking the tech giant’s first Galaxy Unpacked on its home turf. Samsung will kick off the summer edition of its unveiling event at ...
July 07, 2023
[From the scene] Posco to produce more EV materials

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
July 07, 2023
LG sets up R&D unit for TV business in Indonesia

LG Electronics said Thursday its home entertainment business division had set up its first research and development unit in Indonesia, completing a comprehensive business operation from product development to manufacturing and sales. The new facility spanning 40,000 square meters is located 3.5 ki...
July 07, 2023
STX to launch online B2B trading platform

Although various business models such as the business-to-consumer, or B2C, model have consistently trended in South Korea, they are not always an attractive choice for foreign investors for several reasons, such as the limited size of the domestic market, competition in logistics management and dec...
July 07, 2023
Hyundai Glovis, The Ocean Cleanup team up to tackle ocean plastic problem

Hyundai Glovis, a logistics affiliate under Hyundai Motor Group, announced Thursday that it has forged a partnership with The Ocean Cleanup, a Netherlands-based nonprofit organization, to join international efforts to remove plastic waste from the ocean worldwide. Under the partnership, Hyundai Gl...
July 07, 2023
[Herald Interview] Kakao Pay-Siebert mashup picks up speed

With the domestic market rapidly nearing saturation, going global has become a must for Kakao Pay, the online payment unit of South Korean tech giant Kakao Corp. However, one of its key challenges is raising brand awareness among global users. In order to speed up the process, the company has rece...
July 07, 2023
LG Energy Solution, Stellantis, Canadian gov’t agree on subsidies for battery plant

LG Energy Solution said Thursday it has come to an agreement with the Canadian government on the conditions of subsidies for the construction of a joint battery plant for electric vehicles with Stellantis. Nextstar Energy, a joint venture between LG Energy Solution and Stellantis, signed the final...
July 07, 2023
GS E&C to reconstruct apartment complex after parking lot collapse

Additionally, the ministry’s inspection team found that the strength of the concrete used for the roof ignored safety standards. According to the standards, the concrete’s strength should be at least 20.4 megapascals. The strength of the concrete taken from the collapse site was around 16.9 megap...
July 07, 2023
Health effects of aspartame unsettle Korea's makgeolli market

Reports that aspartame, a widely used artificial sweetener, could be reclassified as a possible carcinogen by the World Health Organization have sparked alarm among Korea's makgeolli makers and consumers. Makgeolli, or Korean rice wine, is one of the most popular alcoholic drinks here. In 2021, th...
July 07, 2023
50 Asian nations gather to tackle water scarcity at convention

More than 200 representatives from 50 Asian nations, including government officials, industry stakeholders and academics, have gathered in South Korea this week to share their visions on future solutions to water scarcity in the region. The Korea Water Resources Corp., also known as K-water, is ho...
July 06, 2023
LG bets big on art to enhance brand identity

The group’s display-making unit LG Display is a key sponsor of the annual Young Collectors’ Council Party held at the Guggenheim Museum in New York City. The YCC is a dynamic group of young professionals dedicated to supporting the museum’s landmark buildings, exhibitions, collections and educat...
July 06, 2023
Marking 35th birthday, McDonald's Korea unveils new menu, outlet expansion

By Lee Yoon-seo ( yoonseo.3348@heraldcorp.com )

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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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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099