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The Korea Herald

Markets

May 02, 2023
Minister visits Boston Dynamics, Hyundai Motor’s robotics pioneer

The South Korean government plans to unveil its industry strategy for advanced robots before the end of the first half of the year as the country looks to foster its robotics sector and competitiveness on the global stage, according to Trade Minister Lee Chang-yang. “The Korean government will pr...
May 02, 2023
'Family month' of May faces inflation woes

May, also known as "family month," is when Korean consumers dine out in celebration of a string of family-oriented holidays such as Children's Day, Parent's Day and Teacher's Day. However, with the country seeing an exponential growth in consumer prices lately -- mainly those of agricultural produ...
May 02, 2023
Samsung eyeing 25% cut in chip production: analysts

Samsung Electronics is expected to cut its memory chip production by up to 25 percent in an effort to ease inventory woes, according to analysts on Sunday. The projection comes after the world’s largest memory chip maker hinted on an earnings call last week that it would start cutting production ...
May 02, 2023
Samsung to raise wafer input for R&D

Samsung Electronics, which recently recorded its worst operating profit in the first quarter, is expected to increase its spending to raise wafer input for research and development, according to industry sources on Monday. Kyung Kye-hyun, the CEO in charge of the tech giant’s Device Solutions Div...
May 02, 2023
[Herald Interview] Global teamwork key for future pandemic response: AstraZeneca co-developer

Collective efforts from a global network of vaccine developers and manufacturers will be needed to better respond to future outbreaks and pandemics, said a co-developer of a COVID-19 vaccine that has saved millions of lives. Sarah Gilbert, professor of vaccinology at the University of Oxford and c...
May 02, 2023
Doosan rides Rockwell's presence for 'cobot' expansion in North America

South Korean industrial giant Doosan Corp. is set to expand its presence in the North American market through a strategic partnership with Rockwell Automation, the preeminent industrial automation solutions provider in the US. Doosan said Sunday its robotics unit, Doosan Robotics, and Rockwell sig...
May 02, 2023
Chaebol chiefs have hands full after summit

South Korea’s top chaebol chiefs who accompanied President Yoon Suk Yeol on his state visit to Washington last week have returned with their hands full of hot-button issues, including the increasingly protectionist policies in the all-important US market. With no immediate breakthrough in related...
May 02, 2023
Hanmac gets global recognition

Top brewer Oriental Brewery's Hanmac, a rice-based lager beer, has returned with an upgraded design and fresh quality. Hanmac was launched in 2021 to celebrate the 100th anniversary of the nation’s beer history as part of the brewer's ambitious project to become “Korea’s most representative lag...
May 02, 2023
[Herald Interview] Kona Electric comes back stronger, cheaper

Hyundai Motor’s all-electric compact sport utility vehicle Kona has returned to the market after a yearslong hiatus. Its first-generation model was suspended in 2019 following a series of battery fires, leading to a 1.4 trillion won ($1 billion) recall of some 80,000 vehicles. For the vehicle's s...
April 30, 2023
Probe in full swing into W8tr stock market wipeout

The authorities are scrambling to respond to what could be one of the largest stock price manipulation cases in recent years. The authorities, including the Financial Supervisory Services, are investigating deals involving the stocks of eight companies, the combined market capitalization of which ...
April 30, 2023
[Weekender] Korea in midst of golf wear craze

However, despite the booming golf wear industry, concerns are also rising over the widening disparity in profits among golf brands. Currently, most of the sales are led by a few high-priced luxury brands. Industry officials agree that the COVID-19 pandemic greatly helped fuel the need for golf-rel...
April 30, 2023
SK Bioscience to invest W2.4tr by 2027

SK Bioscience said Friday that the company will invest 2.4 trillion won ($1.79 billion) over the next five years into new vaccine development and the expansion of manufacturing facilities both here and abroad. “The next five years and the company’s investments made during the period will determi...
April 30, 2023
Hyundai Mobis CEO shares future mobility vision at global forum

Hyundai Mobis CEO Cho Sung-hwan reaffirmed the company's vision to strengthen its key competitiveness in the future mobility sector including autonomous driving and connectivity during a symposium held in Vienna on Thursday. “Hyundai Mobis will deliver a differentiated platform to customers in th...
April 30, 2023
S. Korea calls on US to resolve legal dispute on nuclear reactor export to Czech Republic

South Korean Industry Minister Lee Chang-yang called on the United States to make joint efforts to resolve a legal dispute over Seoul’s potential export of nuclear reactors to the Czech Republic, the Industry Ministry said Friday. Lee raised the issue during a meeting with US Secretary of Energy ...
April 30, 2023
S. Korea, US agree to minimize US CHIPS Act-induced uncertainties

South Korean Industry Minister Lee Chang-yang and US Secretary of Commerce Gina Raimondo agreed to minimize uncertainties and business burdens chipmakers face over the US’ semiconductor subsidy program, Seoul’s Industry Ministry said Friday. The two sides held their first Supply Chain and Commer...

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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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