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The Korea Herald

Markets

April 09, 2023
LG Electronics estimates to log second-highest Q1 profit of W1.5tr

LG Electronics said Friday it predicted its first-quarter operating earnings at 1.5 trillion won ($1.14 billion), which will likely be the company’s second-highest profit for the January-March period, outpacing Samsung Electronics' financial result for the first time in more than a decade. In its...
April 09, 2023
Kakao raided over suspicious SM stock purchase

Financial authorities and prosecutors jointly raided tech giant Kakao Corp. on the suspicion that it participated in stock price manipulation during its takeover of K-pop agency SM Entertainment. The Financial Services Commission on Thursday sent a team of 40 investigators to Kakao and its affilia...
April 09, 2023
South Korea posts current account deficit for 2nd straight month

South Korea posted a current account deficit for the second consecutive month in February, central bank data showed Friday, as the country's raw material imports grew while outbound shipments continued to slump. The current account balance in February saw a deficit of $520 million, after logging t...
April 09, 2023
Samsung Electronics cuts chip production as Q1 profit likely to hit 14-year low

Samsung Electronics said Friday it was cutting its chip production to a “meaningful level” after reporting a worse-than-expected 96 percent plunge in its quarterly operating profit estimate amid the global chip downturn. “We’re adjusting to lower memory production to a meaningful level centeri...
April 09, 2023
LG greets BIE delegation with futuristic technologies

Upon arrival in Korea last week, an on-site inspection delegation from the Bureau International des Expositions (BIE), the regulating body of World Expos, paid a visit to Gwanghwamun, central Seoul, to look around a slew of exhibition booths set up by the nation’s top conglomerates. LG Group oper...
April 09, 2023
LG’s top brass joins forces to garner support for Busan’s Expo bid

As South Korean business leaders play a key role in attracting support for Busan’s bid to host the World Expo 2030, LG Group’s top executives traveled around the world to win votes. In October last year, Chairman Koo Kwang-mo visited Poland to meet with Polish Prime Minister Mateusz Morawiecki, ...
April 09, 2023
LG boosts support for Busan’s Expo bid

LG Group, the nation’s fourth-largest conglomerate, has joined forces to promote Busan’s bid for the 2030 World Expo. During a week-long visit by an on-site inspection team from the Bureau International des Expositions (BIE), the intergovernmental regulating body for World Expos, LG is carrying ...
April 09, 2023
World Expo to evolve into global solutions platform in Busan

South Korea's bid to host the World Expo in Busan envisions the event morphing into a global platform providing solutions for the pressing challenges faced by the post-pandemic world. Under the theme of “Transforming Our World, Navigating Toward a Better Future," Busan aims to lead the global fai...
April 09, 2023
Public-private partnerships to bring Expo to Busan

Local governments and private companies in South Korea have been ramping up efforts for the country's bid to bring the World Expo to Busan in 2030. Hosting the 2030 World Expo has been a long-standing goal for Korea, who started on the path to candidacy in 2014. In 2019, the bid for the World's F...
April 09, 2023
KB Financial to hold debate competition with university students

KB Financial Group has announced on Thursday that it will host a debate competition for university students called the 2023 KB Solveathon in July. The term "solveathon" is a combination of the English words "solve" and "marathon," according to KB Financial Group. Similar to a marathon that requir...
April 09, 2023
SK On chief expects ‘tangible results’ next year

SK On Executive Vice Chairman Chey Jae-won said Wednesday that he expects to see “tangible results” in the company’s still-nascent electric vehicle battery business from as early as next year, calling the company “the fastest-growing company in the fastest-growing industry.” He was speaking d...
April 09, 2023
W160tr pledged to secure ‘super gap’ technologies

South Korea will invest 160 trillion won ($121 billion) to secure core technologies in the country’s three major sectors -- semiconductor, display and battery -- through 2027, the Ministry of Science and ICT said Thursday. “The semiconductor, display and next-generation battery sectors are the s...
April 09, 2023
Luxury shopping platform Jente posts record sales in 2022

Luxury fashion platform Jente said Thursday its sales hit a new high of $24 million last year, a 140 percent jump from a year ago, extending its winning streak since its launch in 2020. According to the company, operating profits also almost tripled to $3.3 million last year, compared to $900,000 ...
April 09, 2023
Global Business Forum seeks ways to live with advanced AI

In an age of advanced artificial intelligence, experts suggested ways to effectively use the high-level technology at the Global Business Forum hosted by The Korea Herald on Wednesday. “With the ChatGPT boom, we need to think about how to wisely use AI and seek happiness in our lives,” said Chan...
April 06, 2023
Thinking out of the box: Walter Cho’s leadership shines in crisis

Another big leap Korean Air’s bid to acquire Asiana Airlines gained much attention as it was the first major big deal announced at the peak of the COVID-19 pandemic when the entire aviation industry was reeling from business uncertainties. With the planned merger, Korean Air, currently the 18th-...

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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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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099