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The Korea Herald

Markets

June 21, 2023
Hyundai goes all in for top-tier EV leadership

Hyundai Motor Group said Tuesday it aims to boost its annual sales of electric vehicles in global markets sixfold to 2 million units by 2030 under its revamped electrification strategy. Under its 10-year financial plan worth 109.4 trillion won ($85.1 billion), it plans to inject 35.8 trillion won ...
June 20, 2023
[Test Drive] Kia presents first 3-row EV9

As for the interior, the spacious three-row car allows for a customizable layout with swiveling second-row chairs that can face the third-row, a useful feature in case of a road trip with family and friends. Folding the third-row seats makes an even larger space for the already roomy car trunk. Hy...
June 20, 2023
[Beyond Earth] Kolon aims to become global space parts supplier

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
June 20, 2023
Hanwha Solution to build W380b industrial park for chips

Hanwha Solution said Monday it is poised to build an industrial complex for manufacturing semiconductors and auto parts in Hwaseong, Gyeonggi Province, in a move to offset its sluggish oil and gas business. According to the company, Hwaseong City has approved its business plan to construct the ind...
June 20, 2023
Eased rules for financial firms' overseas biz to be out in July

Korea's top financial regulator announced that regulatory revisions made to support the overseas expansion of Korean financial companies will be unveiled in July, during a conference organized by Financial Services Commission on Monday at the Korea Federation of Banks building in Seoul. The Financ...
June 20, 2023
Samsung adopts AI in product design, opens design lab in US, France

Samsung Electronics has adopted artificial intelligence into its design process, utilizing advanced technology to empower designers to "fully unleash" their creativity, according to the company's chief designer. "With the diffusion of new AI capabilities, new relationships need to be established b...
June 20, 2023
Hyundai Motor's Busan Expo promotional video hits 100 million views

Hyundai Motor Group's promotional videos for Busan’s bid to host the 2030 World Expo racked up over 100 million combined views after the first video was released three months ago, the country's top automotive group said Monday. The promotion campaign comprises 37 videos, which include two videos ...
June 20, 2023
Ramen firms under pressure to lower prices

South Koreans ramen makers said Monday that it is currently difficult to adjust the prices of their ramen products, in response to the South Korean government's recent call for them to cut prices amid the fall in raw material costs. "Milling companies were supplied with months' worth of raw materi...
June 20, 2023
SK-AstraZeneca's new diabetes drug goes into production

SK Chemical said Monday it has begun commercial production of a new diabetes treatment drug co-developed with AstraZeneca. Under their partnership, SK Chemical will be responsible for production of the diabetes treatment drug that will be supplied here and overseas countries in the future, SK Chem...
June 20, 2023
BOK says inflation will bounce back

Consumer inflation is expected to come down to the 2 percent range mid-year and bounce back to the 3 percent range by the end of this year, while core inflation will be slow to ease off, according to the Bank of Korea on Monday. Consumer price growth has been slowing down after reaching its peak a...
June 19, 2023
KakaoBank taps into Thailand's internet-only banking market

KakaoBank, South Korea's largest internet-only bank, is seeking to obtain a virtual bank license in Thailand by partnering with a leading financial group in the country, making its first move after announcing its plan for business expansion into Southeast Asian economies. The Korean digital lender...
June 19, 2023
Pixar movies to run on Samsung’s Onyx Cinema LED screens

Samsung Electronics has joined hands with Pixar Animation Studios to run animated movies on its Onyx Cinema LED screens, offering significantly enhanced picture quality, the company said Sunday. Under their partnership, Pixar made its latest movie, “Elemental,” available for 4K HDR resolution. H...
June 19, 2023
Hyundai Elevator wins largest-ever order

Hyundai Elevator said Sunday it has won a contract for its largest-ever order, worth 43.4 billion won ($33.9 million), to build elevator and escalator units at a large apartment complex in Seoul. The order involves the installation of 314 elevator and escalator units in the reconstruction of Dunch...
June 19, 2023
Over 35,000 EV chargers built in Korea in 5 months: report

More than 35,000 new electric vehicle chargers were built nationwide in the first five months of this year, bringing the total number to over 240,000 units, a report showed Sunday, amid the nation’s fast-growing demand for clean transportation. As of May, 240,695 units of EV chargers were install...
June 19, 2023
Philips Korea plogs at Han River

Philips Korea, the Korean unit of multinational health technology company Philips, said it recently participated in a "plogging" event in Seoul as a part of its efforts to bolster environmental, social and governance management practices, according to the company on Sunday. The company said some 7...

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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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