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The Korea Herald

Markets

June 16, 2023
Hyundai bets big on future mobility

Hyundai Motor Group said Thursday it has invested 1.3 trillion won ($1 billion) in mobility and tech startups, in a move to expand its presence as the first mover in the global future mobility market. “Unlike the traditional automotive industry, mobility innovation nowadays is happening outside o...
June 16, 2023
Top chaebol groups search for breakthrough strategies

Major conglomerates are holding management meetings to review their performance in the first half of the year and to discuss strategies to avoid crisis in the remaining half of 2023. SK Group, South Korea's second largest conglomerate group by revenue, held the 2023 Extended Management Meeting on ...
June 16, 2023
Korea unfazed by new EU battery law

The South Korean government dismissed concerns over the domestic battery makers’ status in the European market after the European Parliament passed a sustainable battery law on Wednesday. “The law does not contain provisions that discriminately apply to certain companies or work against only Kor...
June 16, 2023
Dasan Networks to join infrastructure reconstruction in Ukraine

Established in June 2018 in Kyiv, the International Energy Cluster is a private organization that aims to form partnerships and develop human resources in the energy sector, focusing on power substation design and construction, renewable energy facility construction and communication systems. Membe...
June 15, 2023
Daesang begins production of bioplastic ingredient

South Korean food company Daesang said Wednesday it had completed a sample production of cadaverine, a biologically derived chemical that can replace petroleum-based substances in the production of nylon and other polymers. This comes in an effort to expand its business in white biotechnology -- a...
June 15, 2023
Samsung Electronics students' most favored employer for 1st time in decade

Samsung Electronics has been picked as the most desirable company to work for among college students here this year, occupying the top spot for the first time in a decade, a tally from a job portal showed Wednesday. Incruit surveyed 872 job-seeking university students nationwide and the results sh...
June 15, 2023
Korea adds 351,000 jobs in May to post record employment rate

Total employment in South Korea reached 28.83 million in May, up 351,000 from a year earlier, data from Statistics Korea showed Wednesday. It was the second consecutive month that the nation’s on-year job growth increased, though the growth rate slowed slightly. Since the beginning of this year,...
June 15, 2023
Korean biz leaders join forces for hydrogen leadership

South Korean business leaders on Wednesday reaffirmed their will to lead the global hydrogen economy and accelerate the hydrogen transformation in the country as they announced a set of initiatives to create and bolster the hydrogen ecosystem at the second general assembly of the Korea H2 Business ...
June 15, 2023
US likely to extend exemptions for Korean chip production in China

South Korean chipmakers would be able to continue operating and upgrading their chip manufacturing plants in China, as the US is reportedly considering to extend the exemption on export controls against China. US Undersecretary of Commerce for Industry and Security Alan Estevez told an audience at...
June 15, 2023
South Gyeongsang governor will head to Europe to promote Korea’s space vision

In the region's first attempt to initiate a global economic diplomacy, Governor of South Gyeongsang Province Park Wan-soo will make his first overseas business trip to Spain and France in a bid to support local companies' foray into the European markets and attract investments for Korea's aerospace...
June 15, 2023
[From the scene] Is investment drought near end for Korean biotech?

Over 500 Korean companies and institutions gathered in Boston to take part in the BIO International Convention 2023 last week to discover new partnerships and to negotiate potential licensing deals. The number of participating Korean biotech and pharmaceutical firms and agencies doubled this year ...
June 14, 2023
[KH explains] Parents turn to growth hormone to give their children an edge

South Korea’s growth hormone deficiency treatment market has seen stunning growth in recent years, particularly with growing interest in children’s height among parents here. “I heard that there are three things that moms in Daechi-dong (Seoul’s infamous private education district) do for thei...
June 14, 2023
[KH Explains] Why is Samsung's Monimo losing in financial app game?

More than a year has passed since Samsung's financial affiliates launched the comprehensive service app Monimo together, but unfortunately, it has fallen short of market expectations. Under the brand Samsung Financial Networks, Monimo offers services from four Samsung financial affiliates: Samsung...
June 14, 2023
Samsung, SolarEdge team up for net-zero homes

Samsung Electronics said Tuesday it was teaming up with Israeli firm SolarEdge Technologies, the world's leading solar smart inverter company, to promote carbon-neutral homes. Under the new partnership, Samsung has established a foothold for expanding its SmartThings Energy business in Europe. Sa...
June 14, 2023
Posco to build plant producing lithium using Argentina salt water

South Korean steelmaker Posco Holdings said Tuesday that it will produce lithium hydroxide for secondary battery materials using lithium reserves from Argentina’s salt lake, making it the first domestic company to do so. The groundbreaking ceremony for the lithium hydroxide production facility fo...

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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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