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The Korea Herald

Markets

May 07, 2023
Kakao’s Q1 profit halves due to aggressive investment

Kakao, the operator of South Korea’s No. 1 messenger app, KakaoTalk, said Thursday that its first-quarter operating profit had tumbled by more than half due to increased investment in infrastructure and promising businesses. The IT giant’s operating income came to 71.1 billion won ($53.6 million...
May 07, 2023
[Herald Interview] Fila looks to long-term growth through ESG efforts

The century-old Italian-South Korean sportswear brand Fila is vying for long-term growth by establishing global consistency in its businesses, chiefly by incorporating ESG values into its operations across the world, according to the firm's chairman. Gene Yoon, chairman of Fila Holdings & Acushnet...
May 07, 2023
Posco International unveils growth strategy for food business

Posco International said Thursday it has set a detailed growth strategy for further developing its food business and accelerating its transition into an eco-friendly comprehensive company. Posco International first entered the food business in 2015, where it rapidly grew into one of the largest fo...
May 07, 2023
Daewoo E&C eyes North American prime real estate market

Daewoo Engineering & Construction is exploring opportunities to enter the North American real estate development market with support from its majority shareholder Jungheung Group. Along with a team from Daewoo E&C's overseas business unit, Jungheung Group Vice Chairman Jung Won-ju visited Toronto ...
May 04, 2023
Yoon calls for Indo-Pacific solidarity to ride out economic troubles

President Yoon Suk Yeol pledged that Korea will contribute to building cooperative supply chains in the Indo-Pacific region through “partnership and solidarity” during an event held by the Asian Development Bank in Songdo, Incheon, on Wednesday. “The pandemic has pushed the global economy into ...
May 04, 2023
Korea, ADB to launch climate tech hub in 2024

South Korea and the Asian Development Bank announced Wednesday that they would launch a joint organization to facilitate climate change talks and networking. Finance Minister Choo Kyung-ho and ADB President Masatsugu Asakawa signed an agreement to set up the organization called ADB-Korea Climate T...
May 04, 2023
Global Business Forum discusses opportunities in Saudi Arabia

Saudi Arabian Ambassador to Korea Sami Alsadhan expressed hopes for greater cooperation between the two countries beyond construction and energy to smart infrastructure, hydrogen and other new industries at the Global Business Forum held in Seoul on April 26. Korea is a strategic partner in "Saudi...
May 04, 2023
Samsung bans AI chatbots after leak

Samsung Electronics joined other tech companies in banning the use of ChatGPT and other AI-powered chatbots by its employees, after discovering leaks of sensitive internal codes by its engineers. Taking measures to ban access of generative AI tools on company-owned computers, tablets and phones, S...
May 04, 2023
[KH Explains] Global fast food franchises fail to find local buyers

Korean people love burgers, but potential buyers hesitate to snap up deals tied to global burger franchises like McDonald's due to rigorous headquarter policies that often spark conflict and hinder growth. McDonald's Korea has been struggling to find a buyer since it has been put up for sale in Ju...
May 04, 2023
Samsung Electronics may face 1st labor strike over wage deadlock

Samsung Electronics could face its first-ever labor strike as unionized workers have secured the right to legally conduct a walkout after wage talks between the tech giant and unionists fell through. According to industry sources Wednesday, Korea’s National Labor Relations Commission, a governmen...
May 04, 2023
Korean Air unveils Blackpink aircraft endorsing Busan's expo bid

Korean Air unveiled a special aircraft dedicated to endorsing Korea’s 2030 Busan World Expo bid during an event held at Incheon Airport on Wednesday. The aircraft, a Boeing 777-300ER, displays the image of world-renowned K-pop idol group Blackpink, bringing attention to and fostering support for ...
May 04, 2023
LG CNS, Microsoft Korea bolster security business ties

Information technology service provider LG CNS said Wednesday it will accelerate business cooperation in the IT security sector with the Korean unit of US tech behemoth Microsoft. The Korean firm said it became Microsoft’s managed security service provider, offering integrated security solutions ...
May 04, 2023
Merck to build bioprocessing plant in Korea

Merck, a leading science and technology company based in Germany, said Wednesday it plans to build a bioprocessing unit in Daejeon, South Korea. Under a three-way memorandum of understanding signed by the firm with Korea's Ministry of Trade, Industry and Energy and the government of Daejeon, they ...
May 04, 2023
Hackers promise AI, install malware instead

SAN FRANCISCO (AFP) -- Meta on Wednesday warned that hackers are using the promise of generative artificial intelligence like ChatGPT to trick people into installing malicious code on devices. Over the course of the past month, security analysts with the social-media giant have found malicious sof...
May 04, 2023
Korea, US should strengthen ties to counter China-Russia dominance in nuclear energy trade: FKI

South Korea and the United States should strengthen cooperation in nuclear energy trade to counter Russia and China’s dominance of the global market, the Federation of Korean Industries suggested in a report on Wednesday. The FKI said strengthening the bilateral partnership would promote South Ko...

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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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