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The Korea Herald

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April 11, 2023
Celltrion confirms safety, efficacy of Xolair biosimilar

South Korean drugmaker Celltrion confirmed the safety and efficacy of its biosimilar version of Xolair, which treats asthma and urticaria, in a phase 3 clinical trial, the firm said on Monday. CT-P39 references Xolair, or omalizumab, a therapy jointly developed by global biotech company Genentech ...
April 11, 2023
Korean Air goes all out to close Asiana deal

Korean Air said Monday it is going all out to secure regulatory approvals from the remaining competition authorities -- the EU, US and Japan -- for acquiring its cash-strapped rival Asiana Airline. Korean Air CEO Walter Cho and other top executives have led the negotiation process with the antitru...
April 11, 2023
LS chief vows to expand presence in Europe

LS Group Chairman Koo Ja-eun has completed a nine-day trip to Europe as the South Korean conglomerate looks to expand its presence in the electric vehicle ecosystem of the region. According to LS Group Monday, Koo visited the local production sites of LS Cable & System and Superior Essex in German...
April 11, 2023
Falling revenue threatens tax cuts

The South Korean government may dial back the scale of tax cuts aimed at curbing inflation, as tax revenue for this year is likely to fall below the estimate. According to the Ministry of Economy and Finance, Korea’s tax revenue amounted to 54.2 trillion won ($41 billion) in the first two months ...
April 11, 2023
[KH Explains] Apple ups ante in Samsung's home ground

US tech behemoth Apple has long maintained a low profile in South Korea, the home of its archrival Samsung Electronics, where the iPhone maker takes up a “modest” share of the market at about 20 percent. More recently, the US company seems to be upping the ante here, possibly pinning its hopes o...
April 11, 2023
Louis Vuitton posts record sales in Korea amid shopping binge

Global luxury giant LVMH Group, the operator of multiple fashion and jewelry brands such as Louis Vuitton, Christian Dior and Tiffany & Co., logged record sales in South Korea last year, following a slew of price hikes for its flagship products amid the country's increased spending on luxury goods....
April 11, 2023
[KH Explains] Zero-sugar drinks reshape beverage market

When a 30-year-old Seoulite surnamed Choi drops by the convenience store before hitting the gym, he makes sure that he chooses a sugar-free soft drink from the cooler. “I have been drinking sugar-free soft drinks instead of regular ones, because I find it more helpful for my workouts,” he said. ...
April 11, 2023
Orion Holdings signs contract to export water product to China

Orion Holdings, the holding company of snack maker Orion Group, announced Monday that it had signed a contract with Chinese partners to export its mineral water product, Jeju Yongamsoo. With its partnerships with Qingdao Yongping Market Management and Qingdao Guoxin Culture and Sports Industry, Or...
April 10, 2023
Daewoo E&C, Binh Duong seek cooperation for Vietnam's new city project

Jungheung Group Vice Chairman Jung Won-ju met with Vietnam's Binh Duong Provincial People's Committee Chairman Vo Van Minh to discuss potential investment in the Vietnamese region. During the meeting at the headquarters of Jungheung subsidiary Daewoo Engineering & Construction on Thursday, the cit...
April 10, 2023
Average unit price for exported Korean cars hits all-time high

The average unit price for Korean car exports hit an all-time high of $21,276 last year, thanks to the popularity of ecofriendly cars and recreational vehicles, data from the Korea Automobile Manufacturers Association showed Sunday. The price is a 40.5 percent jump from $15,147 in 2017. Last month...
April 10, 2023
'Superrich' ditch real estate for cash in 2022: report

The wealthiest in Korea tended to increase their shares of safe haven assets, such as cash holdings and deposits, rather than taking a risk with real estate in 2022, according to a report published Sunday by a think tank under Hana Bank. According to the 2023 Korean Wealth Report compiled by the H...
April 10, 2023
SK Energy opens first hydrogen charging station for trucks

SK Energy, a leading oil company under SK Innovation, said Sunday it has opened the country's first hydrogen charging station for large cargo trucks in Ulsan, an industrial city on the southern coast. With the charging capacity of 80 kilograms per hour, the hydrogen fueling station can charge 16 p...
April 10, 2023
[From the Scene] Han Sung Motor expands service center for Mercedes-Benz owners

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
April 10, 2023
LG Electronics CEO travels to Southeast Asia to further market dominance

LG Electronics Chief Executive Officer Cho Joo-wan traveled to Vietnam, Indonesia and Thailand last week to inspect the company's key production facilities in Asia, the Korean consumer appliances giant said on Sunday. On the three-day tour, Cho met with the heads of the company's regional corporat...
April 09, 2023
Fitch upgrades outlook on Hyundai Card to positive, affirms at BBB

Hyundai Card said on Friday that global rating agency Fitch revised its outlook on the Hyundai Motor Group's credit card unit to positive from stable while retaining its credit rating at BBB. It is the card company's first revision from the ratings firm in 11 years, as its rating and outlook had s...

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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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