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The Korea Herald

Markets

June 07, 2023
Hanwha Ocean, HD Hyundai set for showdown at defense exhibition

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
June 07, 2023
Lotte sets up future growth task force in Korea, Japan

Lotte Group, the nation’s fifth-largest conglomerate, said Monday it has recently set up a future growth task force at its Korean and Japanese headquarters in an apparent move to accelerate the retail giant’s “One Lotte” strategy. The team, consisting of four members, aims to shape Lotte’s lo...
June 07, 2023
Toyota seeks to win back Korean customers with hybrid Crown

With improved bilateral relations between Korea and Japan, Toyota is seeking a turnaround here with the launch of the Crown Hybrid crossover utility vehicle, an upgraded version of its long-loved flagship sedan. “The Korean market is both worthy of investment and challenging because many customer...
June 07, 2023
Foreign investor registration system abolished after 30 years

After more than 30 years, the requirement for foreigners to register in advance with the Financial Services Commission before investing in listed stocks and bonds in Korea has been abolished. The Financial Services Commission made the announcement Monday, revealing that it has successfully made ch...
June 07, 2023
RNR Inc. spurs innovation in film distribution

In the first half of this year, the company plans to launch new theaters for its corporate clients, including Hyundai Motor, Jeju Shinhwa World Marriott Resort and Homeplus. “When a growing number of multiplex cinemas are closing, I think it’s meaningful to create a new business model for theate...
June 07, 2023
[Contribution] Uniting for safer food: enhancing global cooperation in food safety systems

By Tom Heilandt Codex Alimentarius Commission Secretary The demise of Alexander the Great, valiant conqueror of Persia and Egypt and monarch of the ancient Greek kingdom of Macedon, is not one that history books typically associate with a foodborne illness. However, a recent review suggests that ...
June 07, 2023
Export dependency on China wanes

China, which has been South Korea's dominant export destination for almost two decades, is currently facing a challenge to its longstanding position. According to a report by the Korea International Trade Association, Korea's reliance on exports to China has steadily declined from 26.8 percent in ...
June 07, 2023
Samsung’s iconic Frankfurt declaration marks 30th anniversary

Lee Jae-yong’s ‘New Samsung’ taking shape According to company officials, Samsung Electronics and its affiliates have no plan to hold a commemorative event for the 30th anniversary of the declaration this year. In recent years, Samsung has celebrated key events in a low-key way, possibly to avo...
June 07, 2023
Samsung Biologics seeks giant leap with new plant, ADC tech

Its Plant 4, the world's largest single pharmaceutical plant with a total capacity of 240,000 liters, became fully operational in July of this year. As a result of the shortened construction period and focusing on preorders at the same time, “We have currently signed production contracts with 9 cl...
June 07, 2023
Evacuation shelter to be built under reconstructed Gangnam apartment site

A large-scale construction project is underway for the establishment of an evacuation shelter in Seoul's Gangnam district amid growing interest for such facilities following the warning alarm sent out earlier in the week, according to industry sources Tuesday. According to Hyundai Engineering & Co...
June 07, 2023
Airplane's exit door should not be difficult to open: survey

Despite the recent incident during which a passenger opened the emergency exit door of an Asiana Airlines aircraft before landing, most South Koreans think an airplane's emergency exit should not be difficult to open, a survey found Tuesday. According to a survey of 21,000 respondents by online po...
June 07, 2023
JPMorgan CEO meets financial leaders in Seoul

JPMorgan Chase CEO and Chairman Jamie Dimon reportedly met with the heads of the nation’s top four financial groups and Bank of Korea Gov. Rhee Chang-yong in Seoul during his two-day visit to Korea in five years, according to industry sources on Tuesday. Upon his arrival at a Seoul hotel on Monda...
June 05, 2023
Shinhan Card to expand presence in Kazakhstan

Shinhan Card looks to expand its business in Kazakhstan through its affiliate Shinhan Finance, joining hands with the local automobile dealership industry and stepping up its digital transformation efforts. Since its founding in November 2014, Shinhan Finance, Shinhan Card's subsidiary in Kazakhst...
June 05, 2023
K-pop stock rally proves strong despite BTS hiatus

With strong global demand for K-pop, share prices of major entertainment agencies are on a robust rally this year. The added market value of the four major K-pop agencies -- Hybe, JYP Entertainment, YG Entertainment and SM Entertainment -- has increased by some 8 trillion ($6.16 billion) won this ...
June 05, 2023
Korea Herald charity golf tournament held to promote Hangeul

By Lee Yoon-seo ( yoonseo.3348@heraldcorp.com )

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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
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