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The Korea Herald

Markets

April 14, 2023
[KH Explains] NCSoft, Kakao Games clash over copyright infringement

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
April 14, 2023
FSS chief reaffirms will to revamp financial systems

Meanwhile, during the conference, the US ambassador stressed that now is a crucial period for the Korea-US relationship and called for the cooperation of foreign companies, particularly those from the United States. “Last year we celebrated the 10th anniversary of the Korea-US free trade agreemen...
April 14, 2023
LG Chem, Gevo team up to commercialize biopropylene

LG Chem said Thursday it has entered into a joint development agreement with US renewable chemicals and biofuels company Gevo to commercialize biopropylene, a raw material for bioplastics, by 2026. Under the agreement, the two companies will develop bioprorylene using Gevo’s patented technologies...
April 14, 2023
KB to offer upgraded legal consulting for wealthy clients

KB Financial Group said Thursday that it has signed a memorandum of understanding with the nation’s two leading law firms, Sejong and Taepyeongyang, to offer upgraded legal consulting services to customers for its premium private banking and asset management brand KB Gold&Wise the First. The sign...
April 14, 2023
Top court finalizes W1tr fine for Qualcomm

The Supreme Court on Thursday finalized a ruling in favor of the South Korean antitrust regulator’s record fine of 1.03 trillion won ($784 million) imposed on US chip giant Qualcomm Inc. for unfair business practices. The top court turned down the appeal by the San Diego-based firm and its two af...
April 14, 2023
Korean businesses remain wary of China’s reopening: survey

Many Korean businesses are unsure about the actual profits that will come from the reopening of the Chinese economy and are maintaining a conservative stance in business expansion, a recent survey by Korea’s top business lobbying organization showed Thursday. In a survey of 440 export-focused man...
April 14, 2023
Posco International unveils future-driven, eco-friendly vision

Following a merger with Posco Energy, Posco International -- the general trading arm of Posco Group -- said Thursday that it is ready to reestablish itself as a company that will specialize in a slew of emerging business sectors, ranging from eco-friendly energy, steel to food. During a ceremony h...
April 14, 2023
[K-Food] Sempio spicing up global dishes with K-sauces

By Lee Yoon-seo ( yoonseo.3348@heraldcorp.com )
April 14, 2023
Financial firms in rush to enter W1000tr OCIO market

South Korea’s securities and asset management firms are racing to capture a bigger piece of the Outsourced Chief Investment Officer market as they expect that more firms and institutional funds will entrust the management of their cash reserves to them. “Institutional investors and private compa...
April 13, 2023
South Korea’s on-year job additions bounce back sharply in March

South Korea's labor market bounced back strongly in March after lackluster growth over the past 10 months as in-person activities have become more widespread. The total number of employed people came to 28.22 million in March, increasing by 469,000 on-year, according to the data compiled by Statis...
April 13, 2023
How Samsung, Hyundai tackle the China dilemma

Amid the escalating US-China rivalry in recent years, South Korea’s conglomerates have struggled to strike a balance in their Chinese business. Even though no immediate breakthrough is seen in geopolitical tensions, Samsung Electronics and Hyundai Motor Group -- the nation’s top makers of smartph...
April 13, 2023
[KH Explains] When will BOK pivot come?

Expectations on a base rate cut is growing as the Bank of Korea kept the benchmark rate steady for a second consecutive time Tuesday. The central bank’s decision to hold the rate at 3.5 percent in light of the eased inflationary pressure strengthened market expectations that the BOK’s rate hike ...
April 13, 2023
Netmarble, The Sandbox sign metaverse partnership

South Korean game maker Netmarble and global metaverse gaming platform The Sandbox have signed a strategic partnership to enhance gaming content and provide various experiences to players, officials said Wednesday. According to the announcement, The Sandbox will set up a Netmarble intellectual pro...
April 13, 2023
Samsung Biologics secures stake in Swiss biotech firm

Korean contract manufacturer Samsung Biologics said Wednesday it will be participating in the series A funding round held for Araris, a Swiss biotech company that develops antibody-drug conjugate technologies. ADC refers to a class of drugs mainly designed as a targeted therapy for treating cancer....
April 13, 2023
LG unveils younger, dynamic brand identity

LG Electronics introduced a new brand identity highlighting the value of its slogan “Life’s Good” to actively communicate with customers beyond generations and locations, the South Korean consumer appliance giant said Wednesday. The conglomerate shared its new brand communication guidelines wit...

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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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