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The Korea Herald

Markets

March 10, 2023
[K-Food In Your Area] Pulmuone targets health-conscious Americans with tofu lineup

This is the second installment of a series of interviews with global business chiefs of South Korean food companies that are expanding aggressively in overseas markets. -- Ed. About 7 out of 10 tofu products sold in the US are made by South Korean food giant Pulmuone. Cho Kil-su, head of Pulmuone...
March 10, 2023
LG sets up automotive R&D unit in Vietnam

LG Electronics said Thursday it has elevated its research and development center in Vietnam into a corporate entity as the tech giant seeks to further bolster its fast-growing automotive solutions business. The new unit, called LG Electronics Development Vietnam, will be in charge of developing an...
March 10, 2023
JB rejects activist fund’s request for dividend expansion

South Korea’s JB Financial Group said Thursday that it is against activist fund Align Partners’ demand for dividend expansion. Align Partners, which holds a 14 percent stake in JB, is the financial firm's second-largest shareholder. “In order to boost shareholder benefits in a sustainable way,...
March 10, 2023
TGS Group makes foray into art investment market

South Korean retail and finance company TGS Group said Thursday it has opened a boutique-style community center in Cheongdam-dong, southern Seoul, to introduce young artists and their artworks, and nurture experts in art investment. The new facility comes after TGS launched a new unit, named ArtFi...
March 09, 2023
Bentley unveils first luxury showroom in Seoul

Bentley Motors said Wednesday it has opened Bentley Cube, its first high-end retail showroom, in South Korea, catering to the fast-growing number of luxury customers craving exclusive experiences. Located in Gangnam, southern Seoul, the four-story flagship shop offers a private space for Bentley c...
March 09, 2023
Fed’s hawkish stance leaves Korea under pressure

Korean won weakens against dollar following Powell’s remarks forecasting further rate hikes The US Federal Reserve's signaling of further rate hikes weighs on the Korean economy sparking fears of a widening gap between the key rates of the two countries that could cause capital outflow and increa...
March 09, 2023
Samsung CEOs to discuss inclusivity with female employees

Celebrating International Women’s Day this week, Samsung Electronics’ top brass will hold luncheon talks with female executives to discuss woman’s leadership in the workplace, the tech giant said Wednesday. Its Co-CEOs Han Jong-hee, the mobile device and home appliance business chief, and Kyung...
March 09, 2023
SK Plasma to build $250m blood products plant in Indonesia

SK Plasma, a blood products unit of SK Discovery, announced Wednesday that the company has clinched a deal to build a blood products plant in Indonesia, which is expected to be worth around $250 million. SK Plasma has received final approval from the Indonesian Health Ministry for construction of ...
March 09, 2023
[Herald Interview] Pernod Ricard Korea enjoys robust growth amid pandemic-fueled liquor boom

It was not just delivery services or online shopping that thrived in South Korea during the pandemic years. The liquor market, especially for high-end whiskeys and wines, has seen dramatic growth, according to Frantz Hotton, CEO of Pernod Ricardo Korea, the Korean unit of the French wine and spirit...
March 09, 2023
Female leaders at forefront of BAT’s vision for inclusivity

March 8, International Women's Day, has been a day to rally in support of gender equality and promote inclusivity across all areas globally. British American Tobacco, the cigarette giant, is one of the leading players in advocating the theme, “Embrace Equity,” in multiple areas of its workplace. ...
March 09, 2023
Finance minister pledges deregulation at AmCham meeting

Finance Minister Choo Kyung-ho on Wednesday pledged to continue efforts to eliminate regulations that do not fit global standards. “The Korean government will work on removing hurdles that hinder US business operators from establishing Korea as a regional headquarters in the Asia-Pacific region,”...
March 09, 2023
Korea has far fewer female managers than OECD peers

South Korea ranked second to last in terms of the percent of women in management positions among 36 countries in the Organisation for Economic Co-operation and Development (OECD), according to OECD statistics released Wednesday. The OECD said Korea has reported steady progress in elevating women l...
March 09, 2023
[Herald Interview] 'Soft power plays key role in green push'

SK Ecoplant, the green business unit of SK Group, aims to solidify its footing into the US battery recycling market this year by working with partners to make aggressive investments, the company’s investment executive said. The company has made a major transformation from a builder into an enviro...
March 09, 2023
LG welcomes more rivals entering OLED TV market

LG Electronics, the dominant No. 1 company in the organic light-emitting diode TV market, said Wednesday it welcomes more tech firms, including its archrival Samsung Electronics, entering the fast-growing OLED TV market. Ahead of the official release of its 2023 TV lineup, LG held a press briefing...
March 08, 2023
Mastern to expand middle market business in US

Mastern America, the US arm of Mastern Investment Management, said Tuesday it has signed a strategic alliance agreement with New York-based property tech firm Koriny to expand its presence in US middle market properties. Under the partnership, Mastern hopes to offer investors a chance to invest in...

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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