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The Korea Herald

Markets

June 12, 2023
[Behind the wheel] Toyota Crown Hybrid sets standard for hybrid cars

On the other hand, the Crown 2.5-liter Hybrid showed moderate driving performance, as befitting a car for city commuters. Unlike the 2.4-liter model, which produced little noise in all the driving modes, the car’s engine sound was loud in every mode – normal, sports and comfort. But in terms of f...
June 11, 2023
South Korea joins world's 1st digital trade pact to boost exchange

South Korea has become the fourth country to join the world’s first multilateral digital trade agreement, the Digital Economic Partnership Agreement, to boost its digital content and service exchange, the Trade Ministry said Friday. Trade Minister Ahn Duk-geun met with his counterparts from the t...
June 11, 2023
Repair cost for Asiana plane forced open in mid-air estimated to be W640m: ministry

The Ministry of Land, Infrastructure and Transport estimates the repair cost of an Asiana Airlines aircraft that was forced open by a passenger mid-air, to be about 640 million won ($494,000), according to data released by a lawmaker Friday. In its interim probe, the ministry found the aircraft in...
June 11, 2023
Hahn & Co. to acquire medical device maker Lutronic

South Korea’s largest private equity firm, Hahn & Company, announced Friday it has signed a definitive agreement with Lutronics jointly to launch a tender offer for all remaining shares of the Korean medical device maker, worth 957 billion won ($735.9 million). Lutronic, established in 1997, has ...
June 11, 2023
Business lobbies of S. Korea, Japan to work together on Busan expo bid

The chambers of commerce of South Korea and Japan agreed Friday to work together to promote Busan's bid to host the 2030 World Expo, the Korea Chamber of Commerce and Industry said. The agreement was reached between the KCCI and the Japan Chamber of Commerce and Industry during a meeting held on F...
June 11, 2023
Oriental Brewery beers win 7 Superior Taste Awards in Belgium

South Korea’s top brewer, Oriental Brewery, announced Friday that it has proven its global quality standards by winning the "Superior Taste Award" in seven categories organized by the International Taste Institute this year. OB Beer's seven brands -- Cass Fresh, Hite, Cass Light, Cass 0.0, Cass W...
June 11, 2023
HanmiGlobal to promote employees expecting third child, introduce policies encouraging birth

South Korean construction management firm HanmiGlobal announced a new welfare policy Friday under which it will promote any employee who will have a third child, and offer financial support for all workers expecting a child. The company said any employee expecting a third child will be promoted, r...
June 09, 2023
[Exclusive] SKC joins hands with Indonesia’s Chandra Asri to boost biodegradable business

SKC, the chemical unit of SK Group, has joined hands with Indonesia’s leading petrochemical producer, Chandra Asri, to expand its burgeoning eco-friendly materials business in Southeast Asia, according to an industry source familiar with the matter on Thursday. According to the source, Ecovance, ...
June 09, 2023
[Bio USA] Yposkesi’s 2nd plant to be in full swing in 2025: VP

The size of the global cell and gene therapy market was $18.61 billion in 2022 and is projected to hit around $93.78 billion by 2030, growing at a compound annual growth rate of 22.41 percent during the forecast period, 2022 to 2030, according to Precedence Research. The main customers of the new ...
June 09, 2023
Posco International wins new motor core deal from Hyundai Motor

Posco International announced Thursday that its subsidiary, Posco Mobility Solution, has signed a contract with Hyundai Motor Group to supply additional 2.5 million units of automotive motor cores for Hyundai's flagship electric vehicles, to be produced between 2025 and 2034. The latest deal came ...
June 09, 2023
Finance minister predicts trade surplus in Q4 on chip rebound, China reopening

Finance Minister Choo Kyung-ho on Thursday predicted South Korea’s trade balance is highly likely to turn surplus as early as in the fourth quarter, citing a rebound in chip prices and China’s reopening. "In April, the trade balance was not favorable due to overseas dividend issues, but I believ...
June 09, 2023
SK hynix begins mass production of industry's highest-layer-count NAND chips

SK hynix, the world’s second-largest memory chip maker, said Thursday it has begun mass production of its 238-layer 4D NAND Flash memory, boasting the industry's highest layer count and widening the technological gap with its rivals. The chipmaker said it has also begun product compatibility test...
June 09, 2023
Hyundai chief vows to learn from past

Hyundai Motor Group Executive Chair Chung Euisun highlighted the importance of learning from the past to prepare for the rapidly changing mobility industry, at the opening ceremony for an exhibition honoring the carmaker’s first mass-produced car, the Pony. “With ChatGPT now a buzzword, artifici...
June 09, 2023
KSOE vows to lead eco-friendly innovation at Nor-Shipping

HD Korea Shipbuilding and Offshore Engineering said Thursday it has participated in Nor-Shipping 2023, an exhibition where Norwegian and international companies showcase solutions and innovations for maritime business and sustainable ocean development. HD Hyundai President Chung Ki-sun and HD Kore...
June 09, 2023
Samsung Biologics wins record Pfizer deal

Samsung Biologics said Thursday the company won a $411.3 million contract manufacturing deal from Pfizer to produce the US-based pharmaceutical giant’s biosimilar products. Even though the company didn’t specify the product name, industry watchers predict that the deal is highly likely to involv...

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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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