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The Korea Herald

Markets

April 25, 2023
Hyundai Mobis seeks bigger presence in global markets

Hyundai Mobis, a car parts maker affiliated with Hyundai Motor Group, said Monday it reached a total of $46.5 billion in overseas orders last year, a record figure that nearly doubled on-year. Its unique sales strategy, among other things, has proved effective in appealing to global carmakers, the...
April 24, 2023
Hyundai Mobis to simplify parking with 90-degree four-wheel steering

Hyundai Mobis, a car parts maker affiliated with Hyundai Motor Group, said Sunday it has succeeded in demonstrating its upcoming self-driving technology, called e-Corner System, on public roads for the first time. The technology incorporates in-wheel motors, rotational steering and electronic brak...
April 24, 2023
Celltrion employees unimpressed by company's new dress code

South Korean pharmaceuticals giant Celltrion last week announced a set of new workplace policies, including a stricter dress code, prompting complaints and mockery among young employees. According to the company on Sunday, the official dress code bans employees from wearing jeans and other casual ...
April 24, 2023
Yoon joined by chaebol leaders on US trip amid concerns of protectionism

Hyundai Motor Group will likely address its stance over the IRA, which excludes its automotive brands, Hyundai and Kia, from the tax credits available for electric vehicles sold in the US due to its protectionist production requirements. The Korean EV maker, which produces its vehicles in Korea, w...
April 24, 2023
[Test drive] Porsche can make your heart beat faster

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
April 24, 2023
Market cap of listed firms gains 16.4% in 2023

The total market capitalization of listed firms in Korea rose by 16.4 percent this year, an increase of more than 341 trillion won ($256 billion) from the year-end of 2022. As the stock market slowly rebounds, the combined market cap of Korea's benchmark index Kospi and secondary bourse Kosdaq swe...
April 24, 2023
[KH explains] Why does KB Bank hold on to money-losing budget phone service business?

KB Kookmin Bank recently gained a green light from the country’s financial regulator to continue its mobile telecommunications business after its four-year experiment as a regulatory sandbox program. It is the first lender in the country that has ventured into the mobile telecommunications market...
April 24, 2023
Posco named sustainability champion for 2 years in row

South Korean steelmaker Posco Group said Sunday it has been selected as the sustainability champion by the World Steel Association for two consecutive years, one of the industry’s top honors. Since 2018, the WSA has selected sustainability champions among its 140 member companies to recognize env...
April 23, 2023
S. Korea to spend W560b to promote software sector this year

South Korea will invest over 560 billion won ($422.6 million) to foster software development companies and experts, with the goal of accelerating the country's push for digital innovation, the Science Ministry said. The Ministry of Science and ICT announced its plans for advancement of the softwar...
April 23, 2023
Apple Pay triggers surge in Hyundai Card users

Hyundai Card, the first partner of Apple Pay in South Korea, saw a 75 percent on-month increase in the number of its new card users during the first month since the payment service launched in Korea. The number of new Hyundai Card members has increased by 203,000 following the launch of Apple Pay ...
April 23, 2023
Colombian avocados found to have excessive level of pesticides

More than 200 times the amount of pesticides permitted on avocados had been detected in those shipped from Colombia to South Korea, according to the Ministry of Food and Drug Safety. In 22,080 kilograms of Colombian avocados imported by a Korean agricultural product trade platform operator Tridge,...
April 21, 2023
Hana Financial awards artists with disabilities

Hana Financial Group on Thursday held an award ceremony for the winners of its art contest for supporting and celebrating artists with developmental disorders. The ceremony of the contest dubbed “Hana Artverse” took place in commemoration of Korea’s 43rd National Day of People with Disabilities...
April 21, 2023
[KH Explains] Is EcoPro a ‘meme stock’?

Stock prices of South Korean battery materials firm EcoPro and its affiliates have been skyrocketing over the past few months, backed by a retail investor frenzy. EcoPro was previously a little-known stock listed on the tech-laden Kosdaq. But recently it has been arguably the most talked about sto...
April 21, 2023
Samsung Life buys 20% stake in Meridiam SAS

Samsung Life Insurance announced on Thursday that it has acquired a 20 percent stake in Meridiam SAS, a French private equity firm focused on infrastructure investment. With this investment, Samsung Life has become the second-largest shareholder of the French company. "As Meridiam has diverse inv...
April 21, 2023
Is Google Korea no longer dream workplace?

Google’s biggest round of layoffs across its global operations has forced workers into a game of chance to keep their jobs. Amid escalating job insecurity, a labor union has been set up at the Korean unit to organize some 850 workers and speak out their concerns. “With the ongoing job cuts withi...

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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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