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The Korea Herald

Markets

February 28, 2023
Kumho Tire inks sponsorship deal for TCR World Tour

Kumho Tire announced Monday that it signed a title sponsorship deal for the Kumho Touring Car Racing World Tour with WSC Group in Lugano, Switzerland, Thursday. The South Korean tire maker plans to supply tires for all the vehicles competing in the 2023 TCR World Tour, an international touring car...
February 28, 2023
Posco to build electric furnace in Gwangyang

South Korea’s leading steelmaker Posco said on Monday that the company will build an electric furnace at the company’s manufacturing facility in Gwangyang, South Jeolla Province, as part of the company’s low-carbon production transition. Posco said a total of 600 billion won ($463.3 million) wi...
February 28, 2023
China’s duty-free giant joins bid to operate at Incheon Airport

Competition for operational rights for lucrative duty-free shops at Incheon Airport is heating up, with China Duty Free Group, one of the largest duty-free retailers globally, joining the race. According to industry sources on Monday, CDFG offered its bid to join the heated race after participatin...
February 28, 2023
Swedish EQT Partners to acquire SK security affiliate for W3tr

EQT Partners, a private equity fund operated by Sweden’s largest conglomerate, the Wallenberg Group, is expected to acquire SK Shieldus, a South Korean security firm, for about 3 trillion won ($2.27 billion) sources said Monday. EQT Partners is expected to sign the deal this week to purchase a 30...
February 28, 2023
SKT CEO unveils renewed AI vision at MWC

SK Telecom, South Korea's largest mobile carrier, said Monday it would look to lead the artificial intelligence transformation in all areas of its business with its advanced technologies and to establish an alliance with major AI service providers to foster an ecosystem. SK Telecom Chief Executive...
February 28, 2023
Hyundai E&C's Hillstate DMC boasts convenient location

South Korean builder Hyundai Engineering & Construction said Monday that the builder's new rental apartment complex Hillstate DMC Station boasts a convenient location as it is located near the DMC Subway Station and other landmark facilities in the neighborhood. Hillstate DMC Station will consist ...
February 28, 2023
Japanese companies back in black amid waning 'No Japan' boycott

Four years since the “No Japan” boycott in South Korea, Japanese goods are making a comeback in the local market. The boycott, which followed Japan's introduction of control on exports of some of its key products to Korea, was one of Korea's biggest economic boycotts conducted on imported goods....
February 28, 2023
SeAH Group remains mum over SpaceX supply deal

SeAH Group, a South Korean steelmaker, could become the first South Korean company to sign a delivery contract with SpaceX as the conglomerate is in talks with the US spacecraft manufacturer to supply materials for rockets and satellites, according to local reports Monday. Citing anonymous industr...
February 28, 2023
Iced Americano most popular drink in freezing temperatures: S.Korean coffee chain data

By Lim Jae-seong ( forestjs@heraldcorp.com )
February 27, 2023
Intensive probe launched into liquor prices amid inflation woes

The South Korean government has launched an intensive probe into liquor prices in an apparent move to tackle further price hikes for soju and beer, the two most popular alcoholic drinks in Korea, amid deepening inflation woes among consumers. With prices of beer products expected to go up followin...
February 27, 2023
Telecom carriers to show off future tech in Barcelona

Meanwhile, Samsung Electronics will present its latest 5G solutions at the trade show, including the next-generation 5G vRAN and the newest energy saving feature for vRAN, Massive MIMO radio and advanced chip sets. "We supported the largest-scale commercial vRAN for the first time in the world wit...
February 27, 2023
Hyundai, Kia cars win top safety rankings in US

Hyundai Motor Group said Sunday that four of its cars -- Palisade, Sonata, Genesis G90 and Kia’s Telluride -- have won awards in a crash test held by the US Insurance Institute for Highway Safety, one of the industry's top safety honors. The Hyundai Palisade, Kia Telluride and Genesis G90 were na...
February 27, 2023
Medytox's BTX dispute shows no end in sight

Medytox will soon be entangled in another dispute with South Korea’s leading botulinum toxin, or BTX, products maker Hugel, while an ongoing legal dispute with Daewoong Pharmaceutical is expected to continue as the latter appealed to a higher court here. According to industry sources on Sunday, a...
February 27, 2023
[Behind the Wheel] RAV4 Plug-in Hybrid, Toyota’s latest offering for EV hesitators

One of the key distractions, however, was that the steering felt a lot heavier on the Charge Hold mode. There was also noticeably louder noise from the engine. As for design, the red stitches on the car seats add a sporty vibe. The exterior embraces Toyota’s “cross octagon” concept with bold an...
February 27, 2023
Victorinox launches spring-edition Swiss Army Knife

Swiss premium knife brand Victorinox said Sunday it has released the Alox Limited Edition 2023, a lime-colored spring edition of its popular Swiss Army Knife. The knife made in Switzerland, also widely known as the MacGyver knife, is a timeless design icon frequently featured in contemporary art. ...

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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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