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The Korea Herald

Markets

March 05, 2023
KT, Intel join hands to launch world's first Wi-Fi 7

South Korean telecommunications giant KT said Thursday it is joining hands with Intel to introduce Wi-Fi 7 technology as the first network service operator. KT and Intel signed an agreement on Tuesday to work together to develop and promote Wi-Fi 7 technology, next-generation Wi-Fi standard, on th...
March 03, 2023
Weak chip demand pushes economy recovery off track

Sluggish demand for chips, the country’s key export item, continues to hinder Korea from getting the economy on a recovery track, the finance minister said Thursday, Asia’s fourth-largest economy logged a fall in exports for a fifth month in a row in February due to weak global demand for semico...
March 03, 2023
JB Financial names new CFO

JB Financial Group announced Thursday that it has named Senior Vice President Song Jong-keun as its new chief financial officer. An industry veteran, Song has extensive experience in finance and business management as well as a deep knowledge and understanding of the challenges facing the traditio...
March 03, 2023
Amorepacific pivots away from China

Moreover, with the latest edition, Amorepacific is launching advertisements that appeal to more global tastes by having models from different races promote their product for the first time. "We are aiming to place more emphasis on expanding our business in countries other than China, mainly in Nor...
March 03, 2023
[KH Explains] Renault Korea may lose ground under reshaped Renault-Nissan alliance

Last month, auto giants Renault and Nissan announced that they were reshaping their decades-old strategic alliance, calling Europe a top priority market in their renewed green push. With an Asia strategy missing in the landmark deal, experts here warn that Renault Korea Motors could be downgraded ...
March 03, 2023
SK Ecoplant's subsidiary sets up 4th plant in US

SK Ecoplant announced Wednesday that it has completed construction of its e-waste and waste battery recycling base in Las Vegas, through its overseas subsidiary TES. The 3,700-square-meter IT asset disposition plant in Las Vegas is TES' fourth US base, following others in Seattle, Atlanta and Frede...
March 03, 2023
L&F wows investors with $2.9b Tesla deal

South Korean battery materials maker L&F is expected to continue growing after it recently wowed investors around the world by signing a $2.9 billion supply deal with US electric vehicle giant Tesla, according to analysts Thursday. L&F on Tuesday posted in a regulatory filing that it will provide ...
March 03, 2023
Internet-only K-Bank reaps record profits

K-Bank, a South Korean internet-only bank, posted record-high profits last year, extending gains after it swung to black for the first time in 2021. The bank recorded a net profit of 83.6 billion won ($63.7 million) in 2022, marking a 272 percent increase from the previous year's net profit of 22....
March 02, 2023
SKT to expand global presence ifland metaverse platform

South Korean telecommunication giant SK Telecom is launching its metaverse platform ifland in the United States, Europe and Southeast Asia, in cooperation with a number of global telcos, the company said Wednesday. SKT said it inked separate agreements with Germany’s Deutsche Telekom, US’ T-Mobi...
March 02, 2023
Coupang earnings extend winning streak in Q4 2022

South Korean e-commerce giant Coupang is extending its winning streak in earnings, posting a profit for the second consecutive quarter in the fourth quarter 2022, according to its earnings report on Wednesday. The US-listed company said it posted quarterly operating profits of $83.4 million in the...
March 02, 2023
SK Square CEO upbeat about partnership with EQT to nurture global security firm

SK Square Vice Chairman and CEO Park Jung-ho on Tuesday showed high expectations about joint management with Sweden’s EQT Infrastructure to nurture SK Shieldus into a global security firm. In a press conference held on the sidelines of this year's Mobile World Congress in Barcelona, Spain, Park -...
March 02, 2023
Samsung Electronics top stock pick in Feb.; SM ranks No. 4

Market bellwether Samsung Electronics was the top stock pick among investors in February, with the total trade volume of its stocks soaring to 16.17 trillion won ($12.3 billion) on the nation’s main bourse Kospi, according to data from the Korea Exchange on Wednesday. The tech giant’s daily trad...
March 02, 2023
Hyundai Motor Group chief promotes Busan Expo bid

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
March 02, 2023
Booyoung donates 200 buses to Phnom Penh

South Korean construction giant Booyoung Group said Wednesday it has donated a total of 200 buses to the Cambodian capital of Phnom Penh as part of its ongoing social contribution activities in the Southeast Asian country. Booyoung Group founder and Chairman Lee Joong-keun and Phnom Penh Municipal...
February 28, 2023
More robots lead to fewer workplace injuries: BOK

Industrial robots are found to have helped drastically reduce workplace injuries as well as improve the overall wellness of workers in labor-intensive industries, according to a report released by the Bank of Korea on Monday. The report analyzed the industrial impact of robot adoption across indus...

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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
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