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The Korea Herald

Markets

May 10, 2023
Korea unveils 10-year blueprint for chip supremacy

South Korea on Tuesday introduced its first blueprint on research and development of the chip industry, aimed at fostering next-generation memory and logic chips amid rising global competition. Under the 10-year R&D road map, the Ministry of Science and ICT outlined its pursuit of technological ad...
May 10, 2023
[KH explains] Behind Hana Financial’s birth rate boosting mission

By Song Seung-hyun ( ssh@heraldcorp.com )
May 10, 2023
German AI firm DeepL seeks bigger presence in Korea

The CEO of Germany-based artificial intelligence company DeepL affirmed the company’s vision to strengthen its presence in Korea by providing more advanced and accurate translation as a service -- DeepL Pro -- from August. DeepL Pro is an advanced subscription-based service that allows users to t...
May 09, 2023
Jeonbuk Bank expands money transfer services in Cambodia

JB Financial Group’s Jeonbuk Bank said Monday it will add 17 more banks to the list of financial institutions in Cambodia that accept real-time money transfers made through the Korean bank. This newest addition brings the total number of such institutions to 49, providing expanded opportunities f...
May 09, 2023
Naver to unveil its answer to ChatGPT this summer

South Korean internet giant Naver will unveil HyperClova X, its hyperscale artificial intelligence platform, which boasts greater Korean language skills than its US rival, OpenAI's ChatGPT, this summer to upgrade its services overall. “Based on HyperClova, which has the third-largest Korean langu...
May 09, 2023
10 special industrial zones to be designated to spur innovation

South Korea announced a plan Monday to create a total of 10 special industrial zones by 2027, as regional vanguards to spur job creation and investment. The zones will run under the government’s deregulation scheme. The government hopes businesses operating there will focus on launching new produ...
May 09, 2023
KB Financial bolsters ties with global financial firms

KB Financial Group hosted its "Cocktail Reception" on Thursday at the Sheraton Grand Incheon with key players in the global financial industry. The event showcased the Korean company's businesses and growth strategies while exploring potential opportunities for collaboration. The reception also se...
May 09, 2023
LS Cable & System wins W2tr cable deal from TenneT

South Korean cable maker LS Cable & System said Monday it had won an order worth 2 trillion won ($1.5 billion) as part of the largest-ever transmission network project launched by Dutch state-run grid operator. The Korean firm is forming a consortium together with Belgian construction companies Ja...
May 09, 2023
Amorepacific, LG H&H face contrasting outlooks for Q2

Amid the generally sluggish business results of the Korean beauty industry during the first quarter, market analysts provided contrasting second quarter expectations for leading beauty giants LG Household & Health Care and Amorepacific. While the former's prospects appear dim, the latter is expecte...
May 09, 2023
Hana, Taiwan’s CTBC bank ink partnership for business expansion

Hana Financial Group said Monday it has signed a memorandum of understanding with Taiwan’s banking giant, CTBC Bank, to seek business expansion in overseas markets. Under the new partnership, Hana and CTBC plan to support their overseas branches to expand businesses and optimize profits, as well ...
May 09, 2023
SK Bioscience signs deal to produce MSD’s new Ebola vaccine

SK Bioscience signed a contract manufacturing agreement with MSD to produce the latter’s next-generation Zaire ebolavirus vaccine candidate, the company said Monday. MSD is developing a next-generation Zaire Ebola vaccine candidate with Hilleman Laboratories to improve the production efficiency a...
May 09, 2023
Korea’s battery exports to grow 33% annually until 2030: Goldman Sachs

South Korea’s battery exports are estimated to post an annual growth rate of 33 percent until 2030, boosting the country’s GDP growth by 0.3 percent, a report issued by Goldman Sachs showed Monday. According to the global investment bank, Korean battery makers’ global sales are expected to surg...
May 09, 2023
Businesses seek Kishida’s support for tech, supply chain partnership

Kim of the FKI said they discussed economic cooperation and pursuing joint projects to tap into third markets. "We agreed the two countries should work together to explore business opportunities in third countries, especially in the fields of resources and energy," Kim said. They also went over t...
May 09, 2023
SK bolsters carbon capture technology

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
May 08, 2023
[Beyond Earth] ‘Space traffic control will be huge market’

Nara Space has received the highest level of technical-readiness certification from the US National Aeronautics and Space Administration for its onboard computer, also known as OBC, technology. The startup’s OBC, which works as the brain of a satellite to control various operations, was able to ca...

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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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