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The Korea Herald

Markets

March 24, 2023
[Herald Interview] Rolls-Royce’s 1st EV Spectre to make Asia debut in Korea

Rolls-Royce Motor Cars will present the Spectre -- the British high-end carmaker’s first and much-anticipated electric vehicle -- in Korea in June for the first time in Asia, according to CEO Torsten Muller-Otvos. “Korea is one of the fastest-growing markets for us worldwide. We decided that Spe...
March 23, 2023
[Contribution] Scaling up SMEs, startups as key export players

By Cho Ju-hyeon South Korea’s small and medium-size enterprises and startups are facing challenges in exports amid bleak economic outlook and Chinese-dependent business. For survival, small companies should alter their course to diversify exports. As of February, the total amount of exports has ...
March 23, 2023
Korea, Japan to expedite trade talks after summit

South Korea and Japan are accelerating their efforts to break down bilateral trade barriers induced by a historical row and to push for revival of economic cooperation. As early as this week, Japan will wrap up procedures to lift restrictions on exports of key semiconductor materials to Korea, whi...
March 23, 2023
Samsung, SK breathe tentative sigh of relief over US chip subsidy rules

The United States has revealed the details of its “guardrail” proposal for global chipmakers who wish to receive its chips subsidy and have production facilities in China, "loosening" the restriction by allowing the limited expansion of production capacity in China. Home to two of the world's la...
March 23, 2023
Hyundai Heavy Industries hits 200m horsepower in engine output

Hyundai Heavy Industries, the nation's largest shipbuilder affiliated with HD Hyundai, said Wednesday that its accumulative engine production for vessels has exceeded 200 million horsepower -- a record in the global shipbuilding industry. The company held a ceremony to mark the production mileston...
March 23, 2023
Samsung Group celebrates low-key 85th anniversary

South Korea's largest conglomerate, Samsung Group, on Wednesday marked the 85th anniversary of its founding in a low-key manner. It is the first year that the big day has been celebrated following de facto leader Lee Jae-yong’s promotion to executive chairman of Samsung Electronics. Industry sour...
March 23, 2023
Hana Financial vows to fight falling birthrate

Hana Financial Group said Wednesday that it has signed an agreement with Cha University Medical Center, a medical group specializing in fertility treatments, to make joint efforts to tackle the nation’s chronic low birthrate. The two institutions held a signing ceremony for the new partnership at...
March 23, 2023
Hankook Tire woos young people with ‘Made in Hankook’ campaign

Hankook Tire & Technology, the world’s sixth-largest tiremaker, said Wednesday it is carrying out various projects under its motor culture brand Made in Hankook for better communication with millennials and Generation Z. Launched in 2021, Made in Hankook pursues a young and dynamic image centered...
March 23, 2023
Kyobo Life CEO joins father to win top industry honor

By Song Seung-hyun ( ssh@heraldcorp.com )
March 23, 2023
SK Ecoplant, Bloom Energy build power plant at US hospital

SK Ecoplant said Wednesday that the company and its US partner Bloom Energy have completed installation of a fuel cell power plant at Stamford Hospital in Connecticut. Bloom Energy specializes in solid-oxide fuel cells, which can be used for electricity generation and hydrogen production. Previous...
March 22, 2023
Posco Future M to build W400b battery materials plant in Pohang

Posco Future M, formerly called Posco Chemical, said Tuesday it would construct an electric vehicle battery materials plant in Pohang, North Gyeongsang Province, after landing a 40 trillion won ($30.6 billion) deal with Samsung SDI earlier this year. During a shareholders meeting Monday, the compa...
March 22, 2023
Apple Pay makes Korean debut after 10-year wait

Global tech giant Apple kicked off its mobile payment service Apple Pay in Korea on Tuesday, with more than 170,000 iPhone users rushing for registration earlier in the day. “We're so thrilled to bring Apple Pay to our users here in Korea with Hyundai Card as our first issuer,” Duncan Olby, who ...
March 22, 2023
Finance ministers of Korea, Japan may meet after 7 years

Top financial policymakers of Korea and Japan may hold a one-on-one meeting for the first time in seven years, following the recent easing of tensions between South Korea and Japan. The Finance Ministry is looking into launching talks between its minister Choo Kyung-ho and his Japanese counterpart...
March 22, 2023
Innospace opens new era for space sector

Innospace, a South Korean startup specializing in developing hybrid space rockets, on Tuesday announced that the previous day's launch of the Hanbit-TLV had been successful, opening up a new era for the country’s private space sector. The Hanbit-TLV, which was launched from the Alcantara Space Ce...
March 22, 2023
LG CNS offers cloud cost optimization service

South Korean information technology service provider LG CNS said it launched cloud cost optimization service FinOps Clinic, which assesses clients’ cloud usage to offer the optimal budget and reduce overall cloud spending. More companies are using multiple cloud services from multiple service pro...

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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