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The Korea Herald

Markets

June 14, 2023
[KH Explains] Are Hyundai, Kia really responsible for thefts in US?

South Korean automakers Hyundai Motor Company and its sister firm Kia have been facing a public backlash and multiple lawsuits in the United States as the number of vehicle thefts among certain models lacking immobilizers surged after videos of young men stealing the cars went viral on social media...
June 14, 2023
Celltrion aims to gain approvals for 5 biosimilars this year

South Korea's biopharmaceutical firm Celltrion said Tuesday it aims to have five additional biosimilars approved by the end of this year in a bid to dominate the global market worth 100 trillion won ($78.5 billion), along with its existing six products. According to Celltrion, the firm plans to ob...
June 14, 2023
More flexible workweeks at Samsung, large firms

Samsung Electronics said Tuesday it is introducing more flexible working hours by allowing employers to take one Friday off per month. Keen attention is being paid to the brand new working hour scheme launched by the nation’s largest company by sales, renewing discussions about the idea of a four...
June 13, 2023
Listed firms' profits drop, debt costs rise in 2022

South Korean companies faced higher borrowing costs and weaker earnings by about a third in 2022 from a year earlier, prompting the country’s major business lobby group to call for monetary easing policies. The Korea Chamber of Commerce and Industry on Monday released a report analyzing 2022 fina...
June 13, 2023
Hyundai Kona Electric nears 300,000 unit sales

Hyundai Motor’s electric compact Kona Electric is set to hit the 300,000 mark in cumulative sales next month, solidifying its position as one of the bestselling electric vehicles manufactured in Korea. As of April, a total of 285,138 Kona Electric cars have been sold since its official debut in 2...
June 13, 2023
SK hynix generates W7.5tr in social impact in 2022

South Korean chips giant SK hynix said Monday that the total social value generated by the company last year was 7.5 trillion won ($5.8 billion), down from the previous year by 1.9 trillion won, or 20 percent. Social value refers to the degree to which companies have contributed to solving or alle...
June 13, 2023
[KH explains] K-beauty's US gambit pays off amid sagging China sales

By Lee Yoon-seo ( yoonseo.3348@heraldcorp.com )
June 13, 2023
1st Five Guys store to open in Gangnam on June 26

Popular US burger chain Five Guys will be operating its South Korean business starting on June 26, its Korean retailer Hanwha Galleria announced Monday. FG Korea, a subsidiary under Hanwha Galleria in charge of importing the US burger chain into the country, said it will be opening the chain's fir...
June 13, 2023
Ex-Samsung exec arrested for leaking chip tech to China

A former executive of Samsung Electronics has been taken into custody for leaking the tech giant’s confidential business information to build a copycat semiconductor manufacturing plant in China, a local prosecutor’s office said Monday. In a press conference, the Suwon District Prosecutors’ Off...
June 13, 2023
[Test Drive] G70 roars with sports sedan performance

Genesis, a South Korean luxury auto brand under Hyundai Motor Group, has now upgraded the G70 with a stronger engine. The G70 is the brand’s last sports sedan powered by an internal combustion engine, as the automaker aims to go all-electric by 2030. The exterior and interior of the new Genesis G...
June 12, 2023
Samsung's chip division to introduce custom AI Services for employees

Samsung Electronics reportedly plans to launch an in-house artificial intelligence-based service for internal use this year amid security concerns raised over OpenAI’s highly-advanced chatbot ChatGPT, according to industry sources on Sunday. Sources on condition of anonymity said the company’s c...
June 12, 2023
KB, Japan’s Sompo team up for nursing care services

KB Financial Group, the leading financial services provider in South Korea, said Sunday it has signed a memorandum of understanding with Japanese insurance giant Sompo Holdings with an aim to facilitate collaboration in developing customized nursing care services. The signing ceremony was held at ...
June 12, 2023
[Contribution] Not just K-crops on Korean dinner tables

By Stefan Schmitz Executive director of the Global Crop Diversity Trust Just as the colorful mosaic of banchan dishes enhances a dinner table, Korean – and global – food security is enhanced by crop diversity. Dishes such as kimchi, bibimbap and japchae all contain crops that originated in far-...
June 12, 2023
[Herald Interview] Canada a crucial partner for Korea in reducing China risks

Canada has high potential to become a key trading partner for South Korea in its ongoing efforts to reduce geopolitical risks fueled by the escalating US-China rivalry, according to partners from an Ottawa-based international law firm. As Korea looks to make the most of the Inflation Reduction Act...
June 12, 2023
[KH Explains] Mobility alliance win-win for Samsung, Hyundai

South Korea’s top makers of chips and cars, Samsung Electronics and Hyundai Motor Group, announced their first-ever partnership last week, fueling speculation that their rare tie-up could further extend in the field of future mobility. Under the deal, Samsung will supply automotive chips for Hyund...

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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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