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The Korea Herald

Markets

March 19, 2023
Posco to relocate headquarters to Pohang

Posco Holdings, a unit of South Korean steel giant Posco Group, will relocate its Seoul headquarters to the industrial city of Pohang, North Gyeongsang Province, as the plan was approved at a shareholders meeting Friday. “We have decided to relocate the headquarters to coexist with the local comm...
March 17, 2023
Number of marriages in Korea hits new low

Amid changing social norms, more Koreans tie the knot at an older age The number of marriages in Korea dropped to an all-time low in 2022, government data showed on Thursday. According to a report shared by Statistics Korea, the number of Koreans getting married came to a record low of 192,000 la...
March 17, 2023
KB, KCCI join hands to offer special loans to SMEs

KB Financial Group has signed a memorandum of understanding with the Korea Chamber of Commerce and Industry jointly to provide special loans for small and medium-sized enterprises making environmental, social and corporate governance efforts. KB Financial Group Vice Chairman Yang Jong-hee and Woo ...
March 17, 2023
Hyundai Steel to sell Beijing unit after years of sluggish sales

Hyundai Steel, South Korea’s second-largest steelmaker, said Thursday that it would sell its Beijing unit, Hyundai Steel Beijing Process, after years of sluggish sales compounded by the shrunken market share of Hyundai Motor and Kia cars in China. Hyundai Steel will still keep its Tianjin unit fo...
March 17, 2023
E1 pledges $100,000 in aid for earthquake victims in Turkey

South Korean eco-friendly energy company E1 announced Thursday that it will donate $100,000 to support earthquake victims in Turkey. Having already participated in LS Group’s Turkey relief fund in February, E1 said it has decided to make additional donations considering the severity of earthquake...
March 17, 2023
Samsung ups stake in Rainbow Robotics

Samsung Electronics has purchased more shares in Rainbow Robotics, a local humanoid robotics company, in an apparent move to ramp up its presence in the burgeoning robotics market. In a regulatory filing on Wednesday, Rainbow Robotics reported its Chief Executive Officer Oh Jun-ho and other specia...
March 17, 2023
[K-Food In Your Area] Daesang aims to grow kimchi consumption globally

This is the third installment of a series of interviews with global business chiefs of South Korean food companies that are expanding aggressively in overseas markets. -- Ed. Characteristically zesty, zingy and spicy -- and with very little in the way of similar flavors abroad -- kimchi is arguabl...
March 17, 2023
Eximbank, NuScale Power ink partnership for overseas SMR venture

The Export-Import Bank of Korea said Thursday it has signed a memorandum of understanding with NuScale Power, an Oregon-based nuclear power company, for financial cooperation aimed at expanding the reach of Korean companies in securing overseas orders. Eximbank Chairman Yoon Hee-sung met with NuSc...
March 17, 2023
Korea, Japan biz groups to create future partnership fund

The two biggest business groups from South Korea and Japan will establish two future partnership funds as the two countries’ economic sectors try to mend ties and strengthen cooperation, according to officials Thursday. Kim Byong-joon, acting chief of the Korean Federation of Industries, and Masa...
March 17, 2023
APR raises W8b in pre-IPO funding

South Korean beauty tech conglomerate APR announced Thursday that it has attracted 8 billion won ($6.1 million) through a pre-initial public offering, which is to be mainly funneled into its beauty device business. NH-Soo Investment Capital’s Innovation Growth M&A Investment Association, SJ Partn...
March 17, 2023
Seoul Mobility Show to showcase new EVs, flying cars

The upcoming Seoul Mobility Show will unveil a wide range of innovative transportation spanning from new electric vehicles to air taxis, the organizing committee said Thursday. The 11-day exhibition, slated for March 30 - April 9, is scheduled to take place at Kintex in Gyeonggi Province. More th...
March 17, 2023
SK Inc. seeks bigger footing in Southeast Asia’s car-sharing market

SK Inc., the investment arm of SK Group, said Thursday it will divest all of its 2.98 percent stake in Turo, the San Francisco-based car-sharing company, as it is looking to cement its leadership in the fast-growing mobility market in Southeast Asia. SK will sell its stake in Turo to Swiss-based v...
March 16, 2023
Samsung to spend W60tr for balanced growth in rural areas

Since Lee Jae-yong was crowned Samsung Electronics’ new executive chairman in October last year, the de facto leader has visited the group’s manufacturing facilities across regions, starting with Gwangju, to inspect production sites and emphasize “win-win cooperation” and revitalization of the ...
March 16, 2023
[KH Explains] SVB collapse eases pressure on BOK

US Fed likely to hold back on rate hikes due to escalating volatility, giving room for BOK to keep its base rate unchanged The abrupt fallout from the Silicon Valley Bank collapse has led to raised bets that the US Federal Reserve will be less aggressive in raising interest rates, lifting the burd...
March 16, 2023
Posco pledges W4b to compensate wartime forced labor victims

Posco, the country's leading steelmaker, said Wednesday the company will donate 4 billion won ($3 million) to a state-led fund to compensate the victims of forced labor during Japan’s colonial rule of Korea. The 4 billion won is part of the 10 billion won it pledged to contribute to the public fu...

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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
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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