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The Korea Herald

Markets

March 15, 2023
Toss Securities names TikTok marketing exec as new CEO

Toss Securities announced Tuesday that it has named Kim Seung-yeon, general manager of TikTok’s Southeast Asia global business solution, as its new CEO. Born in 1980, Korean American Kim is known to be a marketing expert with over 15 years of experience in the field. “Our current CEO Oh Chang-h...
March 15, 2023
Apple Store to open near 'Samsung Town' in Gangnam

US tech behemoth Apple said Tuesday it will open its fifth retail store in South Korea later this month, expending its presence in the country, home to its archrival Samsung Electronics. Named Apple Gangnam, the store will open near the Shinnonhyeon Subway Station in southern Seoul on March 31. Th...
March 15, 2023
LG Uplus launches live chat service for foreign users

South Korean telecom operator LG Uplus announced Tuesday that it will launch a live chat customer service platform in foreign languages, including English, Chinese and Vietnamese, to better respond to a recent surge in visitors to Korea. The company said more than 1,000 customer consultations were...
March 15, 2023
Work culture, pandemic fuel Koreans’ craving for caffeine

South Koreans drink an average of two to three cups of coffee per day, with the overwhelming majority of coffee consumers in their 40s and 50s, a survey showed Tuesday. Experts explain that Korea's work culture, along with a slew of other factors, contributed to the nation's obsession with coffee. ...
March 15, 2023
SPC Group names ex-Hotel Shilla exec as new PR chief

South Korean food and bakery giant SPC Group said Monday it has appointed Ha Joo-ho, former communications director of Hotel Shilla, as its new communications chief. Ha is a communications veteran who spent most of his career at Samsung companies. The 59-year-old graduated from Seoul National Univ...
March 14, 2023
[K-Financiers] Mastern aims to broaden US portfolio

This is the second installment of a series of interviews on chiefs who run overseas units of Korean asset management, banking and securities companies, examining their key strategies for global expansion. -- Ed. Mastern America, the US arm of Mastern Investment Management, plans to open up its bus...
March 14, 2023
How will SVB collapse affect Korea?

President Yoon Suk Yeol said Monday that uncertainty in the financial market is growing due to the bankruptcy of Silicon Valley Bank, one of the largest banks in the United States. “The cause of the SVB collapse, the progress of the situation, the US authorities’ response, as well as their impac...
March 14, 2023
Samsung Pay boosts ties with Naver, Kakao to cement payment leadership

In an apparent move to counter Apple Pay’s long-awaited debut this month, Samsung Pay is seeking a stronger alliance with local mobile payment providers to consolidate its digital payment service's dominant position at home. Samsung Electronics has been in discussion with Kakao’s payment leg Kak...
March 14, 2023
[Herald Interview] Able C&C going global with ‘fast beauty’ strategy

Korean beauty products have strong competitiveness in the overseas market with their affordable prices, quality and the ability to quickly reflect trends in the dynamically changing global cosmetics industry, says the CEO of Able C&C, a firm that manages a range of Korean budget cosmetics brands in...
March 14, 2023
Ford points finger at SK On over F-150 recall

US auto giant Ford recently reiterated SK On’s battery defect in recalling 18 F-150 Lightnings that led to the production shutdown of the electric pickup trucks after a battery fire incident last month. “Ford is recalling 18 F-150 Lightnings due to a battery cell manufacturing defect, which occu...
March 14, 2023
[KH Explains] Will Apple Pay-backed Hyundai Card renew credit rivalry?

Ahead of the long-awaited Korean debut of Apple Pay later this month, all eyes are on whether Hyundai Card, the official partner of the mobile payment service for iPhones, will raise its market share to outpace bigger rivals Shinhan Card and Samsung Card. Credit card companies compete head-on in a...
March 14, 2023
Diplomacy urged to ease concerns over US CHIPS Act

South Korea's chip industry is feeling pressured to take a side between the United States and China in the two superpowers’ strategic rivalry, as Washington recently disclosed some "unusual" requirements for its $52 billion semiconductor funding program aimed at securing an upper hand against Beij...
March 14, 2023
Amid continued inflation, Korea to review liquor tax system

The government will examine the liquor tax system, which has been propelling recent increases in beer prices amid the persistent inflation. According to the Korean Statistical Information Service’s data on Monday, the price index for beer products at restaurants and outdoor dining establishments ...
March 14, 2023
Swing launches mobility services for foreign users

South Korean personal mobility startup Swing said Monday that it is starting services for foreign users by diversifying identity verification methods to include passports and international driving licenses. In a recent mobile application upgrade, foreign nationals living or visiting Korea can regi...
March 14, 2023
[Newsmaker] Hankook Tire halts fire-hit Daejeon plant

Hankook Tire and Technology has stopped production altogether at its Daejeon plant after a fire burned some of the factory buildings and left severe damage, the South Korean tire manufacturer said Monday. Although buildings in one of the two factory complexes were not damaged by the fire, a Hankoo...

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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