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The Korea Herald

Markets

May 23, 2023
CJ completes world's largest pizza factory in US

South Korean food giant CJ CheilJedang said Monday that it recently completed the construction of the world's largest pizza production plant in the US state of Kansas, in a bid to ramp up its competitiveness in the all-important market. According to CJ CheilJedang, the company recently added 40,00...
May 23, 2023
[Contribution] Korea embarks on journey towards model digital nation

By Kang Do-hyun Deputy minister of science and ICT Head of ICT policy office We have been running breathlessly. The past 30 years have flown by since the announcement of the High-speed Information Communication Network Construction Plan. As the internet spread and computers proliferated, under t...
May 22, 2023
[KH Explains] BOK may opt for another rate freeze

The Bank of Korea is likely to maintain the current base interest rate at its next rate-setting meeting on Thursday, going for a third consecutive rate freeze amid waning inflation and a sluggish economy. The market expects the central bank to maintain the key rate at 3.5 percent, following two pr...
May 22, 2023
How rich is the top 1% in Korea?

People in South Korea's top 1 percent net asset bracket had at least around 3 billion won ($2.26 million) in net assets in 2021, according to a local insurance firm’s report, Sunday. Net assets refer to the value of a person’s assets such as houses, cars, investments and cash, minus liabilities....
May 22, 2023
[From the Scene] Huawei boosting digital security

Over the past 30 years, the Chinese tech giant has served its security and protection services to more than 3 billion people around the globe, supporting the stable operation of over 1,500 carrier networks in some 170 countries and regions. Based on its trusted services, the tech giant was able to...
May 22, 2023
[From the scene] A glimpse at Huawei’s vision for 5.5G future

Huawei’s Dongguan campus, which houses the tech giant’s research and development facilities, has been implemented as a smart campus. AI-powered CCTV cameras and smart Internet of Things sensors installed all over the campus collect and analyze data in real time, which can be displayed on a single...
May 22, 2023
Kioxia-Western Digital merger talks no immediate threat to Samsung, SK

As the world's No. 2 and No. 4 NAND flash suppliers of Japan and the United States are discussing a potential merger to achieve market prowess, eyes are on how the move will impact the current market leader Samsung Electronics. In a report last week, Reuters said Japan's Kioxia Holdings and the US...
May 22, 2023
American artist wins 1st LG Guggenheim Award

LG Group said Sunday that it awarded the first LG Guggenheim Award to Brooklyn-based artist Stephanie Dinkins, at a ceremony held in New York, Friday. The LG Guggenheim Award is an extension of the LG Guggenheim Art and Technology initiative, a five-year joint project from the Guggenheim and LG to...
May 21, 2023
Osstem Implant plans for Kosdaq delisting

South Korea's largest dental implant maker announced Thursday it will discuss the firm's delisting from the secondary bourse Kosdaq at its extraordinary general meeting slated for June 28. Osstem Implant plans to initiate the delisting application process once the resolution is passed at the gener...
May 21, 2023
LG Energy Solution, Green Tech Metals join hands in battery material business

Battery maker LG Energy Solution said Friday it has signed a deal with Green Technology Metals (GT1), a lithium exploration and development business, as part of efforts to establish a supply chain of critical raw materials for batteries in the North American region. Under the deal, LGES will subsc...
May 21, 2023
Korean Air: 'No official decision made by US on merger'

Regarding the news that the US government might officially interfere with South Korean national carrier Korean Air's merger with its smaller domestic rival, Korean Air said that the US authorities have not told them of any official decisions, Friday. According to the US news website Politico, the ...
May 21, 2023
Hyundai Motor resurrects Pony Coupe Concept

Hyundai Motor Company has brought back the Pony Coupe Concept vehicle about 50 years after the original vehicle was first showcased at the 1974 Turin Motor Show in Italy to highlight the automaker’s history and heritage. Hyundai Motor unveiled the restored Pony Coupe Concept at the inaugural even...
May 21, 2023
Naver Pay installations surge 186% following partnership with Samsung Pay

Naver Pay app installations soared 186 percent to 470,000 in April, a month after it integrated its payment service with Samsung Pay, according to Naver Financial. "We see that the number of app installations for Samsung Pay's interlinked offline payment service has significantly increased,” a Na...
May 19, 2023
STX wins $36m patrol ship order from Peru

South Korean general trading firm STX said Wednesday it has won an order to produce two 500-ton maritime patrol ships worth a combined $36 million for the Peruvian government. Having already supplied a total of six maritime patrol ships since 2013, STX said it is securing a firm footing in the Per...
May 19, 2023
McDonald’s Korea embraces eco-friendly corporate culture

Earlier in March, McDonald’s Korea held an award ceremony at its headquarters in Jongno-gu, central Seoul, to commemorate the 35th anniversary of its foundation. Dubbed the “Three-legged Stool” award ceremony, the theme of the event was directly inspired by McDonald’s founder Ray Croc’s three...

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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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