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The Korea Herald

Markets

July 05, 2023
SK Square, SK hynix set up investment unit in Singapore

SK Square, the investment arm of SK Group, said Tuesday that it has set up a semiconductor investment company in Singapore, with a total investment of 100 billion won ($77 million) together with SK hynix, Shinhan Financial Group and LIG Nex1 and others. The new firm, TGC Square, aims to finance gl...
July 05, 2023
[News Focus] Korea adds plans to relax visa rules

Contained in the government's economic plans for 2023 announced Tuesday was a stimulus option that had been neglected for years: immigration. Reaffirming plans announced by the Justice Ministry last week, the government said it would revise immigration policies in the fourth quarter to increase th...
July 05, 2023
Samsung Biologics hits winning streak with record-high Pfizer deals

Samsung Biologics, a South Korean contract development and manufacturing organization, announced Tuesday that the company has finalized two record deals worth $897 million with Pfizer. The deals completed Tuesday include a $193 million deal and a $704 million deal announced on June 8 in its regula...
July 04, 2023
Posco vows to invest W121tr for next big leap

Posco Group announced Monday that it will invest 121 trillion won ($93 billion) by 2030 to step up as a global leader in eco-friendly materials. The new investment plan was announced during a ceremony celebrating the 50th anniversary of Posco’s first steel mill set up in Pohang, North Gyeongsang ...
July 04, 2023
[Herald Interview] Chip wars: No end in sight

For those who may believe in the ideal of "free trade," it might seem "protectionist" for governments to intervene in international trade and provide subsidies to nurture their own industries. But these days, semiconductor powerhouses such as the US, South Korea, Taiwan and Japan, are all racing t...
July 04, 2023
[KH explains] Pressured into price cuts at home, ramen makers in export predicament

South Korean ramen manufacturers are in a rush to cut prices of their flagship ramen and snack products, following the government’s pressure to lower prices of daily necessities. But Samyang Foods, the nation’s second-largest ramen maker, cannot lower the price of Spicy Buldak Ramen, a bestselli...
July 04, 2023
AfreecaTV bolsters ties with World Union of Billiards in Portugal

AfreecaTV, one of South Korea’s biggest livestreaming platforms, met with global billiards industry officials at the venue of the Porto Three-Cushion World Cup in Portugal on Thursday to discuss ways to globally develop the billiards industry through its platform. AfreecaTV exclusively livestream...
July 04, 2023
Hana seeks to foster financial talent in Indonesia

Hana Financial Group said Monday it is working together with Binus University, a prestigious private university in Indonesia, to foster global talent in the financial sector. Under the partnership agreement signed in Seoul on Friday, Hana Financial Group will provide opportunities for Indonesian u...
July 04, 2023
Korean investors snap up Japanese stocks amid yen weakness

Korean investors have poured money into Japanese stocks this year, taking advantage of a weaker yen and the roaring Japanese stock market, according to data from the Korea Securities Depository on Monday. In recent months, the Korean currency has been traded in the 900 won range against 100 Japane...
July 04, 2023
KG Mobility to take over Edison Motors

KG Mobility said Monday it will look to strengthen its commercial vehicle portfolio after being picked as the final candidate to acquire Edison Motors. With approval from the local court in Changwon, South Gyeongsang Province, of KG Mobility as the final takeover candidate, Edison Motors can compl...
July 04, 2023
LG Innotek named top supplier for Jaguar Land Rover

LG Innotek said Monday that it has won the 2023 Supplier Excellence Awards from the UK luxury carmaker Jaguar Land Rover, becoming the first Korean firm to be named as a qualified supplier. The electronics component manufacturer became the winner of the "impact" category at the British carmaker’s...
July 04, 2023
US deputy secretary welcomes SK-Ford battery partnership

David Turk, deputy secretary at the US Department of Energy, visited the construction site of BlueOval SK in Stanton, Tennessee, a joint venture of SK On and Ford Motor Co., the South Korean battery maker said Monday. “BlueOval SK is a project that shows fantastic partnership among the US governm...
July 04, 2023
Hyundai, Kia to outpace chaebol rivals in Q2 profits

Hyundai Motor Company and its sister firm Kia will continue to post upbeat earnings in the second quarter as the two automakers are projected to take first and second places on the list of Korea’s top profit makers in the second quarter. According to market tracker FnGuide’s earnings consensus o...
July 03, 2023
MWC Shanghai wraps up with focus on Chinese firms

ZTE also introduced its first smart AR eyewear, Nubia Neo Air, which offers the highest possible visual and audio quality. The smart AR glasses use a generative AI model to provide real-time visual aids and immediate answers upon users' requests in English and Chinese. Marking the 10th anniversary...
July 03, 2023
[KH Explains] Korea’s economic recovery slower than hoped

Though Korea’s sluggish economy was initially expected to improve in the latter half of the year, the recovery is slowing, as the country struggles with a prolonged export slump. The Finance Ministry is likely to lower slightly the economic growth rate forecast for 2023 from the previous 1.6 perc...

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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
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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