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The Korea Herald

Markets

March 26, 2023
Korea, Indonesia join forces to build EV ecosystem

Government officials and business leaders from South Korea and Indonesia on Friday underscored combined efforts to expand the electric vehicle ecosystem in the Southeast Asian country at a business forum marking the 50th anniversary of bilateral ties. “The collaboration is very important because ...
March 26, 2023
LG Energy Solution to build W7.2tr battery plants in Arizona

LG Energy Solution will invest 7.2 trillion won ($5.6 billion) to build two battery plants in the US to solidify its leadership in the battery value chain in North America, the South Korean battery maker announced Friday. The battery plants will break ground in Queen Creek, Arizona, this year. Th...
March 26, 2023
Indonesia seeks Korean support for upgrading healthcare system

Indonesia’s health minister on Friday vowed to support South Korean companies for their business expansion in the burgeoning healthcare market of the Southeast Asian country at a forum held in Seoul celebrating the 50th anniversary of bilateral ties between the two countries. “The Indonesian gov...
March 26, 2023
Taking Korea-Indonesia ties to next level

More than 300 high-level government officials and business representatives from South Korea and Indonesia gathered for a forum in Seoul, Friday, to explore ways to enhance business partnerships between the two countries and take their bilateral ties to the next level. In commemoration of the 50th ...
March 24, 2023
New Shinhan chairman wins shareholder approval

Shareholders of Shinhan Financial Group on Thursday approved the appointment of Jin Ok-dong, its flagship banking unit’s former CEO, as the group’s new chairman. “I feel a great sense of responsibility to meet the expectations of customers and shareholders and lead the growth of Shinhan,” Jin ...
March 24, 2023
US Fed’s quarter-point rate rise eases pressure on South Korea

The US Federal Reserve lifted its base rate by 25 basis points on Thursday, easing pressure for the Bank of Korea, which had been concerned about key rate differences between the two countries. The Federal Open Market Committee went for a quarter-point move, raising the target interest rate from 4...
March 24, 2023
Kotra holds business roundtable with global logistics firms

The state-run trade promotion agency, Kotra, held a Global Logistics Investors Roundtable event to boost global logistics firms’ investments in Korea, and especially Busan, at the Westin Josun Seoul on Thursday. The event was organized jointly with the Busan Port Authority and the Busan-Jinhae Fr...
March 24, 2023
Hyundai, Advent to speed up fuel-cell business

Hyundai Motor Group said Thursday it has signed a memorandum of understanding with the US-based Advent Technologies to develop hydrogen fuel cells, with the goal of ramping up its hydrogen car business. Under the partnership, the carmaker plans to acquire key technologies for hydrogen fuel cells t...
March 24, 2023
SK Innovation ups stake in Amogy amid green energy push

South Korea’s largest energy company SK Innovation said Thursday it has invested an additional $50 million in Amogy, a US developer of ammonia-based full-cell systems, as part of efforts to expand its presence in sustainable fuel markets. SK Innovation took part in the latest $139 million Series ...
March 24, 2023
Food trade agency to promote traditional liquors overseas

The Korea Agro-Fisheries and Food Trade Corp. is making strides to establish South Korea as a global agricultural powerhouse by cultivating human resources and promoting traditional Korean liquor. Its CEO, Kim Chun-jin, gave a special lecture to students attending the agency’s Agricultural Market...
March 24, 2023
NTS chief pledges fair, predictable taxation at ECCK meeting

South Korea’s National Tax Service Commissioner Kim Chang-ki promised fair taxation for European companies doing business in Korea during a roundtable meeting hosted by the European Chamber of Commerce in Korea on Thursday. The tax agency revived the government-industry meeting after a 12-year hi...
March 24, 2023
[K-Food In Your Area] HiteJinro at forefront of raising soju's global profile

By Lee Yoon-seo ( yoonseo.3348@heraldcorp.com )
March 24, 2023
Hyundai’s global COO joins board to boost expertise

Hyundai Motor Company has bolstered its global expertise by adding global chief operating officer Jose Munoz to the board of directors, the automaker said Thursday. The proposal to add Munoz to the board was approved at the 55th general shareholders’ meeting held at the company’s headquarters in...
March 24, 2023
Busan to build new rail system for World Expo

Busan will build a high-speed rail system that will connect Busan’s key districts with Gadeok New Airport, which is also set to open years ahead of schedule in a bid to attract the 2030 World Expo to the port city of Busan. Busan Mayor Park Heong-joon revealed the plan to build the BuTX railway d...
March 24, 2023
SPC opens 1st Paris Baguette store in Canada

South Korean food and bakery giant SPC Group said Thursday that Paris Baguette has opened its first store in Canada. Paris Baguette, the nation’s No. 1 bakery chain, operates some 450 stores in a total of 10 countries around the world, with its latest Canadian opening adding to the list. The lat...

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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
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