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The Korea Herald

Markets

May 29, 2023
Mirae Asset's global ETF executives gather to shape future direction

Mirae Asset Global Investments said Friday that it held a gathering of executives worldwide to discuss the asset manager's future direction in the global exchange-traded fund business and to evaluate the current status of each market. With 70 CEOs and chief investment officers of Mirae Asset's ove...
May 29, 2023
Hyundai Steel wins eco-friendly certification for low-carbon steel beams

South Korea’s second-largest steelmaker said Friday that it has obtained a low-carbon product certification for its flagship H-beam steel product from the Ministry of Environment, the first to do so in the domestic steel industry. With the latest attainment, Hyundai Steel has secured Environmenta...
May 29, 2023
5 Nuri rocket satellites make successful communication

With South Korea’s homegrown Nuri rocket’s successful launch to space, five out of eight satellites carried on board made two-way communication with ground stations, the Ministry of Science and ICT said Friday. The country’s King Sejong Station in Antarctica received the first signal from the m...
May 29, 2023
Celltrion seeks approval for Stelara biosimilar in EU

Celltrion said Friday that the company has submitted a marketing authorization application for CT-P43, the company's ustekinumab biosimilar referencing Stelara, to the European Medicines Agency. Stelara is one of Janssen's top-selling drugs. In 2022, Stelara generated $9.7 billion in revenue, acco...
May 29, 2023
Lack of pediatricians causes long lines at children's clinics

Finding a pediatric clinic in South Korea has become increasingly difficult due to a continuing shortage of pediatricians, leading to longer wait times for patients to get treated. “It is very common to wait for dozens of people who made reservations before you,” Yoo, a mother of a 4-year-old bo...
May 29, 2023
Hyundai-LG Energy Solution to set up EV battery plant in US

Hyundai Motor Group said Friday that it has agreed with LG Energy Solution to jointly build an electric vehicle battery manufacturing plant in the US, expanding their footing in the burgeoning clean car market there. Under a joint investment of 5.7 trillion won ($4.3 billion), the two companies pl...
May 29, 2023
Jungheung Group vice chairman to become Daewoo E&C chairman

Daewoo Engineering & Construction announced Friday that Jungheung Group Vice Chairman Jung Won-ju will become chairperson of the company, starting June 1. Jungheung Group is the largest shareholder of Daewoo E&C with a controlling 50.75 percent stake after completing the acquisition process last y...
May 29, 2023
Naver upgrades search engine with AI

South Korean internet giant Naver has carried out an extensive renewal of the interface of its search engine to maximize user experience for super-personalized results based on artificial intelligence, the company said Friday. Naver, which operates the country’s No. 1 web portal and search engine...
May 26, 2023
SC Bank holds prize event for new special interest account holders

Standard Chartered Bank Korea is holding an event for first-time customers who sign up for its Jaeil EZ Account – an occasional deposit and withdrawal account that provides an annual pretax interest rate of up to 3.6 percent even if customers deposit money for just one day. The event, which conti...
May 26, 2023
[Herald 70th] 'Korea-US-Japan joint efforts on trade, strategic tech crucial'

Forging robust security and economic alliances with the United States and Japan is crucial for South Korea to embrace a reshaped global geopolitical paradigm, said Jun Kwang-woo, chairman of the Institute for Global Economics. “The trilateral allies must bolster their economic cooperation and pur...
May 26, 2023
[Test Drive] Kona Electric flaunts longer range, bigger space

The all-new Kona Electric -- Hyundai Motor’s latest all-electric compact sport utility vehicle -- is looking to lure customers with a roomier interior, longer driving range and sound riding experience. The South Korean automaker on Tuesday held a test drive event for local journalists to ride the...
May 26, 2023
SK IE Technology secures $300m to expand production in Poland

Electric vehicle parts maker SK IE Technology has secured a green financing package loan worth $300 million from the International Finance Corp. for its planned production expansion in Poland. Of the total amount, two-thirds will come directly from the IFC, while the remainder will be offered by o...
May 26, 2023
Hyundai Mobis develops ‘communicative’ headlamp

Hyundai Mobis, a car parts maker affiliated with Hyundai Motor Group, said Thursday it has developed a new headlamp that displays road signs on the road to prevent nighttime accidents. The high-definition lighting system visualizes road signs in texts or images and projects them on the road surfac...
May 26, 2023
Colliers Korea closes $780m in real estate deals

Colliers Korea, the Korean branch of the Canadian commercial real estate firm, said Wednesday that it has successfully closed three deals with a total value of $780 million. "By concluding these three transactions this month, my team has shown that there are still plenty of opportunities for the s...
May 26, 2023
SK On secures $944m funding to boost output

South Korean electric vehicle battery maker SK On has attracted $944 million in funding as part of its push to expand its presence in the burgeoning EV market. According to its parent company SK Innovation on Wednesday, $800 million will be secured from a consortium led by MBK Partners, the Korea-...

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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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