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The Korea Herald

Markets

April 28, 2023
LG beats Q1 earnings estimates, outpaces Samsung for 1st time

Despite the global economic downturn, LG Electronics announced surprise earnings for the January-March period, outpacing its crosstown rival Samsung Electronics' financial result for the first time in more than a decade. In a regulatory filing on Thursday, the consumer electronics giant said its o...
April 28, 2023
[Herald Interview] Fairfax County ready to support Korean companies expanding into US

Fairfax County of Virginia, one of the major business destinations in the US, is home to 8,800 tech companies, including nine listed on the Fortune 500. South Korea also has a sizeable business community consisting of some 80 companies -- the largest number among Asian countries -- including Dongwo...
April 28, 2023
Korean chip, car industries unassuaged by summit talks

South Korean chip suppliers and automakers have been left unimpressed by the summit between Presidents Yoon Suk Yeol and Joe Biden, after it failed to bring out any tangible measures to ease their concerns over Washington's increasingly protectionist policies. Holding a joint press conference afte...
April 28, 2023
Nexon's MapleStory turns 20, uniting fans in nostalgia

Nexon will also hold the Fan Fest event celebrating the 20th anniversary at the Dongdaemun Design Plaza starting from Friday. According to Nexon, the event's 6,000 tickets sold out in three minutes. The festivities will exhibit 20 years of MapleStory's world, story, music, and art through various e...
April 28, 2023
[Contribution] Luxury boom shows the power of the brand

By Achim Berg Senior partner at McKinsey & Company In 2023, challenges will persist in the fashion industry, but things are not all gloom and doom. Disruption in markets, fears over global food and energy supplies, and worries over rising inflation pressure will continue to dampen the mood of the...
April 28, 2023
Hanwha completes puzzle with DSME takeover

Despite the conditional approval with the corrective measures restraining business management, Hanwha said it decided to accept the authorities’ conditional approval as it seeks to quickly normalize DSME, which has long suffered from continuing losses, and strengthen the country’s competitiveness...
April 28, 2023
Top financial firms log Q1 net growth; increase loan loss reserves

All four major financial holding companies in Korea have increased their loan loss reserves during the first quarter of this year. Despite this, KB Financial Group, Woori Financial Group, Hana Financial Group and Shinhan Financial Group have managed to report an improvement in net profit during th...
April 28, 2023
Posco International posts upbeat earnings after merger

Posco Group's general trading arm Posco International said Thursday the company has seen a significant improvement in terms of performance, according to its first quarterly earnings report released since merging with Posco Energy on January. In a regulatory filing, Posco International said it reco...
April 28, 2023
Hyundai Steel unveils roadmap for carbon neutrality

South Korea’s second-largest steelmaker Hyundai Steel on Wednesday disclosed its roadmap for carbon neutrality, dubbed “Pathway to Green Steel,” with an aim to achieve net zero by 2050. For its mid-term goal, the company renewed its commitment to reducing direct and indirect carbon emissions by...
April 28, 2023
Posco, Siemens boost ties on eco-friendly projects

South Korean steelmaker Posco Group said Thursday that it has teamed up with German industrial giant Siemens to enhance the competitiveness of the steel industry during their meeting in Seoul, Tuesday. Posco Vice Chairman Kim Hak-dong and Siemens CEO Roland Busch held the meeting to strengthen mut...
April 28, 2023
Samsung posts worst quarterly earnings in 14 years

Samsung Electronics, which posted its worst quarterly earnings in 14 years amid weak demand and falling chip prices, said it expects a gradual recovery in the second half of the year as the effects of production cuts kick in from the following quarter. In response, the world's largest memory chip ...
April 27, 2023
[Contribution] Building trust with foreign taxpayers

By Kim Tae-ho National Tax Service vice commissioner In March, the National Tax Service held an official gathering with the European Chamber of Commerce in Korea for the first time in 12 years. This event, along with a similar engagement with the American Chamber of Commerce last year, highlights...
April 27, 2023
Renault’s QM6 combines perks of SUVs and sedans

Renault Korea’s new QM6 SUV is more than just your typical SUV -- it is also equipped with the much-loved perks of a sedan. SUVs are usually known to offer a less comfortable riding experience compared to sedans due to the bigger tires causing higher road impact. With an improved power train, re...
April 27, 2023
ReWorld Forum explores finance roles in tackling climate change

The SDX Foundation chairman warned that innovative changes to our old perception of the climate crisis must occur within the next 10 years, or it will be impossible to prevent catastrophic consequences. “Although our generation only worked hard for our family and society, the outcome has unfortun...
April 27, 2023
SK hynix suffers record loss in Q1, eyes recovery in Q2

In the wake of escalating competition between the US and China, SK hynix said it is reviewing plans for future operation of its manufacturing facilities in China, as it announced its worst operating profit losses on Wednesday. “We are looking at various factors of long-term geopolitical risks, ma...

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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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