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The Korea Herald

Markets

February 27, 2023
Woori Financial wins climate award from parliament

Woori Financial Group said Friday its sustainable management efforts have won recognition at the 2023 Korea Green and Climate Award hosted by the National Assembly Forum on Climate Change. The award, which marks its 13th anniversary this year, is one of the highest honors given to organizations or...
February 27, 2023
[Herald Interview] ‘In space sector, failure is natural’
February 26, 2023
Posco International, Daesang team up to accelerate overseas food biz

South Korean commodities trader Posco International said Friday it will strengthen its food business overseas by cooperating with Korean food giant Daesang. The two companies signed a memorandum of understanding to review joint investments in new overseas starch sugar businesses on Thursday. "We ...
February 26, 2023
Samsung kicks off global tech seminar to introduce QLED, OLED TVs

Samsung Electronics said Friday it had kicked off its annual tech seminar series in Frankfurt, Germany, Thursday, showcasing cutting-edge technologies behind its 2023 TV lineup, which includes Neo quantum dot light-emitting diode and organic light-emitting diode TVs. The tech seminar sessions have...
February 26, 2023
LG Innotek promotes shared growth with partners

LG Innotek said on Friday it had signed agreements with more than 100 partner companies to cooperate for fair trade and shared growth in a bid to create a sustainable business environment. In accordance with the contract, the company plans to promote joint cooperation in various fields such as fin...
February 26, 2023
Kia to begin EV9 production in 1st half of this year

Kia, South Korea’s second-largest automaker under Hyundai Motor Group, will begin production of EV9 -- a large electric sport utility vehicle -- in the first half of this year, according to officials Friday. The Korean Metal Workers’ Union said Kia’s labor union and management finally came to a...
February 26, 2023
Korea Agro-Fisheries and Food Trade Corp. eyes US military bases for K-food expansion

The Korea Agro-Fisheries and Food Trade Corporation, a quasi-government agency, is seeking ways to expand the presence and consumption of Korean food at US military bases. For the globalization of Korean food products, the agency's CEO Kim Chun-jin met with CEO Jacqueline Kim of the US wholesale t...
February 26, 2023
Security token guideline aims to 'allow issuance,' not just to regulate: FSC

Making blockchain-based tokens operational here is a part of South Korea's "serious" efforts in adopting regulatory changes to make its capital market more attractive to foreign investors, the top financial regulator said Friday. Financial Services Commission Vice Chairman Kim So-young stressed th...
February 24, 2023
BOK freezes rate, forecasts fading inflation

The Bank of Korea left the key interest rate unchanged at 3.5 percent Thursday on expectations that inflation has peaked. It, however, stressed the freeze does not signal an end of its rate hike stance. The central bank began a series of rate hikes in August 2021 to tamp down soaring prices amid t...
February 24, 2023
Samsung-Dish 5G partnership in progress

Samsung Electronics said Thursday it has launched a virtual open radio access network site running on the ultra-fast 5G network along with Dish Network, the fourth-largest telecommunications carrier in the US. Earlier, Samsung had supplied an initial shipment of 24,000 Open RAN-compliant radios an...
February 24, 2023
Posco International wins exploring rights for Indonesian gas mines

South Korean commodities trader Posco International said Thursday that it has won gas mine exploration rights in Indonesia as part of efforts to beef up energy and resource businesses. A consortium involving the Korean firm and Indonesia’s state-owned Pertamina Hulu Energy gained the rights to ex...
February 24, 2023
AmCham Korea calls for extension to foreign workers’ tax benefit

The chairman of the American Chamber of Commerce in Korea called on the Korean government to offer flat income tax benefits for foreign workers on a permanent basis. During a press conference held at the IFC Forum in Seoul to commemorate the 70th anniversary of the US-Korea alliance and the foundi...
February 24, 2023
European businesses in Korea offer mixed outlook this year: survey

A majority of European companies doing business in Korea posted robust sales last year, but offered a mixed outlook for 2023, a business confidence survey conducted by the European Chamber of Commerce in Korea showed Thursday. The business lobby conducted the survey together with the Korea-German ...
February 24, 2023
LG Chem pins flexible corporate culture as key to growth

To foster a pleasant and fair work environment that promotes productivity, South Korea’s leading chemical firm LG Chem said Thursday it is taking measures to expand the avenues for communication and debate so employees can have more say. The company introduced the "CEO Discussion Table" this year...
February 24, 2023
[K-Food In Your Area] Paris Baguette charms world's taste buds with 'glocalization'

SPC's main future goals center around foraying into the Middle East, as well as continuing to expand its business in Southeast Asia, the US and Europe. "SPC Group plans to newly target the Middle East market, using Malaysia -- where we have recently started building a bread factory -- as a regiona...

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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