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The Korea Herald

Markets

May 03, 2023
KB invites global financial experts to find biz opportunities

KB Financial Group announced Tuesday that it will host an event on Thursday to invite key figures in the global financial industry to present its businesses and growth strategies while looking for collaborative opportunities. The banking giant's cocktail reception, which will take place in Songdo,...
May 03, 2023
Telecom carriers, BMW launch 1st data plan for cars

South Korea's three largest mobile carriers -- SK Telecom, KT Corp. and LG Uplus -- said on Tuesday that they will launch the country’s first personal embedded subscriber identity module (eSIM) data plans for BMW vehicles. While the German luxury carmaker’s 7 series and above already feature fif...
May 03, 2023
SK E&S, Plug Power pledge W1tr hydrogen investment

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
May 03, 2023
HD Korea Shipbuilding scores W2.8tr order for 12 gas carriers

HD Korea Shipbuilding & Offshore Engineering, an intermediate holding company of South Korean heavy industries conglomerate HD Hyundai, has bagged 12 orders for liquefied natural gas (LNG) and liquefied petroleum gas (LPG) carriers worth 2.79 trillion won ($2.08 billion) in a span of less than a we...
May 03, 2023
Experts urge efforts to prevent EV fires

SEOGWIPO, Jeju Island – Amid a surge in electric vehicle sales globally, experts on Tuesday called for concerted efforts among policymakers and industry officials to prevent EV batteries from catching fire. Fire-prone batteries were blamed for 12 percent of the total 130 recalls issued here since...
May 03, 2023
Hana Financial eyes M&As in bid to become global finance giant

Hana Financial Group plans to step up its globalization efforts to become a globally leading finance firm with customized strategies suited to each market with its business spanning from banking to securities brokerage services. As of the end of 2022, Hana Financial Group had expanded across 25 co...
May 03, 2023
Finance minister urges Japan to restore Korea's trade status

INCHEON -- Finance Minister Choo Kyung-ho called for Japan to put South Korea back on its "white list" of trusted trading partners in a swift manner and expand cultural and educational exchange between the two countries during his meeting with his Japanese counterpart, Shunichi Suzuki. The two met...
May 03, 2023
Prioritizing customer-centric digital finance innovation

Morphing into a customer-centered financial platform company through open digital innovation, fostering digital talent and strengthening technological capabilities is one of the key strategies Hana Financial Group pushes forward. Based on big data, the banking group is developing products and serv...
May 03, 2023
LS completes Asia’s largest submarine cable plant, eyeing offshore wind power market

South Korea’s top wire and cable maker LS Cable & System said Tuesday it has completed Asia’s largest high-voltage direct current (HVDC) underwater cable plant in Donghae, Gangwon Province. The plant, named Submarine Building 4, is a 172-meter-tall vertical continuous vulcanization (VCV) tower w...
May 03, 2023
Boost promised for advanced chip industry

The South Korean government on Tuesday vowed to support the advanced chip industry, highlighting the rise of new technologies, including artificial intelligence. At a gathering of fabless companies hosted by the Ministry of Trade, Industry and Energy, Vice Trade Minister Chang Young-jin highlighte...
May 02, 2023
SKIET to supply battery separators for EVs to China's Sunwoda

SK IE Technology, an electronics materials maker affiliated with SK Group, said Monday it is supplying battery separators to Chinese battery maker Sunwoda Electronic, paving the way for it to secure a footing in China’s burgeoning electric vehicle market. The two companies recently signed a memor...
May 02, 2023
Central bankers, finance ministers flock to Songdo for ADB meeting

Some 5,000 policymakers and finance experts from 68 Asia-Pacific nations and beyond have flocked to Incheon to attend an annual meeting of the Asian Development Bank that was set to kick off Tuesday. The 56th Annual Meeting of the Board of Governors of the Asian Development Bank will run for four ...
May 02, 2023
Private lunch with Hyundai Motor chief to be auctioned

Hyundai Motor Group Executive Chair Chung Euisun will join a lunch auction event to better connect with the younger generation, the Federation of Korean Industries said Monday. The business lobby has invited the Hyundai Motor chief, along with car-sharing company SoCar CEO Park Jae-uk and TV celeb...
May 02, 2023
HD Hyundai CEO honors family of Korean War veteran

HD Hyundai CEO Chung Ki-sun recently visited several US subsidiaries to personally meet with and extend gratitude towards employees whose family members are Korean War veterans, according to the shipbuilding giant Sunday. As a member of an economic delegation accompanying President Yoon Suk Yeol o...
May 02, 2023
Exports decline for 7 consecutive months amid chip slump

South Korea’s exports declined for the seventh consecutive month in April, as the chip industry experienced the worst slump of sagging demand and prices, the Trade Ministry said Monday. The Ministry of Trade, Industry and Energy reported that the country witnessed its outbound shipments decline 1...

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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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