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The Korea Herald

Markets

June 19, 2023
KT, Samsung Medical Center join hands to export medical tech

South Korean telecommunications giant KT and Samsung Seoul Medical Center are teaming up to export Korea's medical services and digital technology for hospitals, KT said Saturday. The two sides signed an agreement on Friday, under which they will work together to come up with a monitoring system t...
June 19, 2023
Fukushima water fears stoke soaring salt demand

Online transactions of salt surged by more than 800 percent in a week as Korean consumers feared the release of wastewater from the defunct Fukushima nuclear power plant into the sea could affect food safety, a recent analysis by an online tracking firm showed. The amount of online transactions of...
June 19, 2023
[Hello Hangeul] Race heats up for Hangeul AI

Boosting home advantage Korean tech giants Naver and Kakao are also going all-out to secure a competitive edge against their global rivals by developing more advanced AI models that outpace ChatGPT when it comes to Korean language capabilities. Naver, the operator of the nation’s No. 1 web porta...
June 18, 2023
[Contribution] Korea’s green leadership shines in combating desertification, land degradation

By Nam Sung-hyun Minister of the Korea Forest Service The United Nations General Assembly designated June 17 as "World Day to Combat Desertification and Drought" in December 1994. The annual UN observance day aims to raise awareness of global efforts to combat desertification, land degradation an...
June 18, 2023
Korea’s startups minister meets with LVMH chief at Paris tech show

South Korea’s Minister of SMEs and Startups Lee Young met with Bernard Arnault, chairman of French luxury goods conglomerate LVMH Group, to exchange opinions on possible collaboration between Korean startups and LVMH brands, the ministry said Friday. The minister was visiting Paris to attend the ...
June 18, 2023
Rolls-Royce Spectre makes Asia-Pacific debut in Seoul

Rolls-Royce Motor Cars on Friday showcased its first all-electric vehicle, Spectre, in South Korea for the first time in the Asia-Pacific region. “I must say that Korea has the largest number of preorders for this Rolls-Royce Spectre in the Asia-Pacific region and this is the reason why our Korea...
June 18, 2023
SK chief calls on CEOs to strengthen action plans amid uncertainty

SK Group Chairman Chey Tae-won called on chiefs of the group’s affiliates to set up organic responses, based on case-by-case scenarios, to various management uncertainties and opportunities, South Korea's second-largest business conglomerate said Friday. "We are now living in a global transition ...
June 18, 2023
GM names marketing veteran as new Korea chief

General Motors said Friday it has appointed Hector Villarreal, vice president of vehicle sales, service and marketing at GM Mexico, as its Korean unit’s new president and CEO, effective from Aug. 1. Kicking off his career at GM Mexico in 1990, Villarreal has held various positions within the comp...
June 16, 2023
BOK heeds possibility of US rate hikes later this year

The Bank of Korea said it would remain vigilant following the US Federal Reserve’s decision to pause its interest rate hike cycle for the first time in 15 months, noting the possibility of a further increase later this year. The Federal Open Market Committee unanimously kept its key borrowing tar...
June 16, 2023
Twice as many millionaires to leave S. Korea in 2023: report

Amid the increasing trend for high-net-worth individuals to migrate to other countries, more than 800 Korean millionaires, which is double the amount compared to last year, are expected to migrate to foreign countries in 2023, a report said. According to a report released by English residence and ...
June 16, 2023
Sharing Korea's experience in forest restoration

June 17 marks the United Nations' World Day to Combat Desertification and Drought, commemorating the adoption of the United Nations Convention to Combat Desertification in 1994. The spread of desertification in Northeast Asia is not only a significant cause of springtime fine dust pollution in Kore...
June 16, 2023
Korea Forest Service bolsters ties with UNCCD

By Yu Ji-soo and Lee Kwon-hyung This year marks the 50th anniversary of South Korea’s postwar land restoration initiative. To commemorate this anniversary and contribute to global restoration and reforestation, the Korea Forest Service is actively engaging in various programs with the United Nati...
June 16, 2023
ING Korea head named ECCK chairperson

Philippe Van Hoof, the head of ING Korea, has been appointed as the new chairperson of the European Chamber of Commerce in Korea, according to the European business lobby group on Thursday. Van Hoof will lead the business lobby group until early 2025, taking over from Dirk Lukat, CEO of Schenker K...
June 16, 2023
IBK, Shinhan, Woori join NH-led STO consortium

NongHyup Bank announced Thursday that the nation’s top three banks -- Industrial Bank of Korea, Shinhan Bank and Woori Bank -- have joined its consortium for security token offerings formed in April. Aside from the lenders, other financial tech firms, including real estate fractional investment c...
June 16, 2023
Qatar seeks to bolster strategic ties with Korea

Qatar called for investments from South Korea companies amid expanding economic ties between the nations, vowing diverse incentives that include 100 percent foreign ownership of listed firms and drastic tax cuts, at an investment forum hosted by the Korea Chamber of Commerce and Industry and the Em...

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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
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