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The Korea Herald

Markets

June 27, 2023
[Test Drive] Lexus’ answer for luxury EV

In terms of driving, the RX 500h offered a more dynamic experience for the driver than the RZ model. When cornering the car downhill, there was little need to step on the brakes because it hardly rolled to the opposite direction before making the turn. Lexus’ proactive driving assistance automatic...
June 27, 2023
LG Chem begins mass production of single-crystal cathodes

LG Chem said Monday that it has begun mass production of high-nickel single-crystal cathode materials for next-generation batteries at its plant in Cheongju, North Chungcheong Province, making it the first Korean company to do so. "High-nickel single crystal cathode materials are an innovative sol...
June 27, 2023
K-beauty sees surging growth in Vietnam

Vietnam is seeing exponential growth in demands for South Korean cosmetics, marking it as a potential replacement market for Korean beauty companies suffering from their recently spluttering performances in the major market of China, according to data Monday. According to the Korea Cosmetics Assoc...
June 27, 2023
Hyundai Card bolsters ties with Visa in digital push

Korean credit card issuer Hyundai Card and Visa, a world leader in digital payment, on Monday announced that they have signed a strategic business partnership deal to collaborate on businesses using analyzed data. The partnership signing ceremony was held at Visa’s headquarters in San Francisco o...
June 27, 2023
[Contribution] Strategies to secure Korea's chip supremacy

By Koo Hyuk-chae Director-general of R&D policy bureau Ministry of Science and ICT Starting with the invention of the transistor at Bell Labs in the United States in 1947, semiconductors have constantly advanced and are now embedded in all devices that require computing power. Last year, the glo...
June 27, 2023
Korean firms fight talent exodus as chip tech war intensifies

A former Samsung employee was banned from moving to US rival Micron Technology after the Korean tech giant took the issue to court amid growing concerns over illicit tech transfer. Seoul Central District Court on Sunday accepted Samsung Electronics’ petition for an injunction to ban a key employe...
June 27, 2023
Seoul ups the ante against 'ramen inflation'

The South Korean government on Monday met with local milling companies, upping the pressure on them to lower wheat prices in the fight on inflation, especially for daily food items such as instant noodles and milk. The Ministry of Agriculture, Food and Rural Affairs held a closed-door meeting Mond...
June 26, 2023
Weak yen deepens concerns over trade balance

While Korean tourists are flocking to Japan to take advantage of a record-low yen, concerns are deepening among businesses over capital outflow and export slump in the coming months. The Korean currency closed in the 910 won ($0.70) range against 100 Japanese yen on Friday. The won-yen exchange r...
June 26, 2023
[Herald Interview] Korea an ideal landing spot for megasized data centers

“As a rule of thumb, it is advisable for companies to have a disaster recovery solution in place in an active-active mode, or as you may call it, ‘Always On’," Pritchard said. Despite the upbeat outlook, he admitted that there are also some hurdles that may hinder potential investment in Korea’...
June 26, 2023
Airlines cut flights to China amid lukewarm demand

South Korean airlines have decided to downsize the number of routes between Korea and China during the summer peak season, following less-than-expected passenger demand for traveling between the two countries, according to industry sources on Sunday. National carrier Korean Air said it will stop t...
June 26, 2023
Hyundai Motor chief underlines Vietnamese cooperation

The leaders of Hyundai Motor Group and Vietnam National University, Hanoi, agreed to establish a new cooperation center to nurture professional talent and advance the competitiveness of the Vietnamese auto industry, the South Korean company said Sunday. According to the Korean automaker, Hyundai M...
June 26, 2023
Samsung chief touts ‘meaningful trip’ to France, Vietnam

Samsung Electronics Executive Chairman Lee Jae-yong returned home Saturday after a seven-day business trip to France and Vietnam. He accompanied President Yoon Suk Yeol on his latest state visits to the two countries. As Lee arrived at Seoul Gimpo Business Aviation Center later in the day, he smil...
June 26, 2023
Doosan to expand EV materials production in Vietnam

Doosan Corp. has joined hands with Hai Duong, an industrial city east of Vietnam's capital Hanoi, seeking further business opportunities based on its manufacturing techniques for advanced electronic materials, the South Korean conglomerate said Sunday. Doosan Corp. and the city of Hai Duong signed...
June 25, 2023
Korea misses out again on MSCI upgrade

Korea failed to win developed market status on the global stock indices provided by Morgan Stanley, despite the hopes of being reclassified from an emerging market. Morgan Stanley, the index operator of Morgan Stanley Capital International, announced its 2023 Annual Market Classification Review re...
June 25, 2023
SK hynix introduces data center memory solutions at HPE conference

SK hynix, the world’s third-largest memory chipmaker, said Friday it introduced its next-generation memory technologies and products at an IT conference in the US. The Korean tech giant said it joined the HPE Discover 2023 event held by Hewlett Packard as an exhibitor, showcasing its industry-lea...

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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
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