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The Korea Herald

Markets

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-...
May 26, 2023
Korean food makers win legal fights against Chinese counterfeiters

Korean food makers have won in legal fights against Chinese counterfeiters in a series of lawsuits filed in China, according to the Korea Food Industry Association on Thursday. Of the total seven cases raised, the Chinese court recently ruled in favor of Korean firms in five cases at the first tri...
May 26, 2023
LG starts mass production of EV chargers

LG Electronics said Thursday it has kicked off mass production of electric vehicle chargers, officially tapping into the burgeoning market. Celebrating the production of its first EV charger, the company introduced four new models in the works at a ceremony at LG Digital Park in Pyeongtaek, Gyeong...
May 26, 2023
Posco completes steel plant in China to meet EV demand

South Korean steel giant Posco said Thursday that the company completed a new high-strength steel plant in China in a preemptive measure to respond to soaring demand from the burgeoning Chinese electric vehicle market. The new facility, located at Posco-CSPC (China Suzhou Processing Center), is a ...
May 26, 2023
Super typhoon leaves Korean travelers stranded in Guam, Saipan

Hundreds of Korean travelers who traveled to Northern Mariana Islands including Guam and Saipan are left stranded on the islands as of Thursday, with Super Typhoon Mawar lashing the territory with strongest downpour of wind and rain the region has seen in decades. According to Hana Tour, a Korean ...
May 25, 2023
Over 120 trading firms gather for KITA-Taiwan conference

The Korea International Trade Association held a joint conference with the Taiwan External Trade Development Council and Taiwan Chamber of Commerce on Wednesday to discuss ways to boost trade between South Korean and Taiwanese companies. A total of 122 companies, including 27 Korean and 95 Taiwane...
May 25, 2023
[Herald Interview] DB Robotics ready for commercial success: CEO

Amid burgeoning demand for human assistant robots, DB Robotics, a first-generation robot developer in South Korea, is receiving renewed attention for its extensive robot lineup that ranges from a gigantic deep-sea drill robot to a microsized robot traversing blood vessels. Based on some 60 patents...
May 25, 2023
EU eases export rules on Korean ramen

The Ministry of Food and Drug Safety said Wednesday the European Union has decided to ease import regulations for Korean ramen products, 18 months after a mishap with a carcinogen in ramen imports sent to Europe. According to the ministry, the EU will be easing the inspection of ethylene oxide in ...
May 25, 2023
S. Korea asks US to give more leeway on chip expansion in China

South Korea has asked the United States to reconsider details of the guardrail provision of its CHIPS Act, to ease the regulations limiting Korean chipmakers from expanding their production capacity in China. In the comment unveiled by the US Federal Register on Tuesday, the Korean government has ...
May 25, 2023
Renault Korea lures young drivers with NFT campaigns

Renault Korea Motors seeks to lure tech-savvy young drivers with its digital campaign “Create Your SM6,” the Korean unit of the French auto giant said Wednesday. The carmaker offers an artificial intelligence-based design tool, called Stable Diffusion, for participants to create their own SM6 se...
May 25, 2023
Hanwha propels Nuri rocket project

Hanwha Group, South Korea’s seventh-largest conglomerate, stands at the forefront of the country’s efforts to grow and nurture its space industry, as Hanwha Aerospace became the first system integration company to lead the launch of the homegrown Nuri rocket. Hanwha Aerospace won the government ...
May 25, 2023
Hana Financial to spur biodiversity investment

Hana Financial Group Chairman Ham Young-joo pledged that the financial conglomerate will play proactive role in expanding investments in the biodiversity sector during an event held by the United Nations Environment Programme in Seoul on Wednesday. "We will fulfill our role as a financial institut...
May 25, 2023
Naver suffers service malfunctions in China

South Korean internet giant Naver was reportedly suffering service malfunctions in major regions in China on Wednesday, fueling speculation that the Chinese authorities might be limiting people's access to the neighboring country’s dominant search engine. “We have confirmed that connection to ou...

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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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