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The Korea Herald

Markets

March 22, 2023
Samsung CEO hints at buyout of Rainbow Robotics

Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said Tuesday that the tech giant was in talks to secure a greater stake in Rainbow Robotics, a local humanoid robotics company, in an apparent move to ramp up its presence in the burgeoning robotics market. At a press event held to introduc...
March 22, 2023
LVMH CEO visits Korea, meets retail business leaders

Bernard Arnault, CEO of luxury products behemoth LVMH, accompanied by his daughter and the CEO of Christian Dior Delphine Arnault, visited South Korea for the first time in three years after the COVID-19 pandemic, in a bid to discuss the brand's plans regarding duty-free and department store busine...
March 22, 2023
Posco International to nurture carbon capture as new growth engine

South Korean commodities trader Posco International announced Tuesday that it will foster the carbon capture and storage business by establishing a new commercialization team. CCS is a technology that collects and stores carbon dioxide emitted from industries and permanently isolates them from the...
March 22, 2023
Boryung to set up JV with US space station developer

South Korean drug maker Boryung said Tuesday the company will establish a joint venture with US commercial space station developer Axiom Space in its latest foray into the space health care industry. “(Boryung) came to an agreement with Axiom Space yesterday to establish a joint venture in South ...
March 22, 2023
SK affiliates to boost expertise, inclusivity of boards

South Korea’s SK Group is bolstering the expertise and inclusivity of board directors across its affiliates by adding more females and current and former top executives to the boardroom as part of its ongoing efforts to enhance more responsible management. Ahead of their shareholders’ meetings l...
March 21, 2023
LG Energy Solution continues aggressive US expansion

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
March 21, 2023
Innospace launches world’s 1st hybrid rocket

Innospace, a South Korean startup specializing in developing hybrid space rockets, said it has launched the Hanbit-TLV -- an 8.4-ton single-stage thrust hybrid rocket standing at 16.3 meters tall -- from the Alcantara Space Center in Brazil at 2:52 p.m. on Sunday local time. “We will announce the...
March 21, 2023
FTC vows to curb market power abuses by global tech giants

Fair Trade Commission Chairman Han Ki-jeong on Monday vowed that the antitrust regulator will seek ways to protect Korean consumers from the possible negative influence of the EU’s new law targeting global big tech companies. The EU’s Digital Market Act, which will come into force this year, aim...
March 21, 2023
Samsung opens AI startup incubator in Gwangju

With the South Korean government’s goal to develop Gwangju into a global artificial intelligence-centered city, Samsung has chosen five local startups centering on related business for the first year of its new campus program. Other non-AI related firms were evaluated highly based on their technol...
March 21, 2023
[CONTRIBUTION] Reviving Korea's green legacy on International Day of Forests

By Nam Sung-hyun Today is the International Day of Forests. Forests account for 31 percent of the land surface area of the Earth. They play a crucial role in responding to climate change as they absorb 2 billion metric tons of carbon dioxide yearly as a major terrestrial carbon sink. Forests also ...
March 21, 2023
Daewoo E&C seeks bigger presence in Iraq

Daewoo Engineering & Construction is ramping up efforts for South Korean construction companies' foray into Iraq, according to the company Monday. Daewoo E&C's CEO Baek Jung-wan and Oceans and Fisheries Minister Cho Seung-hwan recently visited Iraq’s Al Faw port construction site, in a bid to fac...
March 21, 2023
Lunit's cancer-detecting solution gets EU approval

Lunit, a provider of artificial intelligence-powered cancer solutions, said Monday that it has received approval from the European Union for the commercial launch of its AI-based medical software used in detecting breast cancer. The solution, dubbed Lunit Insight Digital Breast Tomosynthesis, is a...
March 21, 2023
LG unveils vision for ThinQ smart home platform

LG Electronics said Monday it presented a blueprint for ThinQ, a platform brand that connects home appliances and consumer electronics with smart technology for higher efficiency, at the Connectivity Standards Alliance member meeting in Seoul. Jung Ki-hyun, vice president of LG's platform business...
March 21, 2023
[Herald Interview] Indiana lures Korean businesses with skilled workforce, hefty incentives

The US state of Indiana is seeking to set up a liaison office in South Korea to reach out to Korean businesses that are investing heavily to expand their presence in the burgeoning electric vehicle market there. “We are excited about opening a liaison office here that will focus on helping Indian...
March 21, 2023
Posco International holds 1st general meeting since merger

Posco International said Monday its Vice Chairman Jeong Tak has been named as the company’s new CEO during a shareholders’ meeting held at its headquarters in Incheon, west of Seoul -- the first meeting since the merger with its sister unit Posco Energy on Jan. 1. "Under the leadership of the ne...

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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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