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The Korea Herald

Markets

February 22, 2023
Ssangyong E&C completes $1.2b UAE landmark project

South Korean builder Ssangyong Engineering & Construction said Tuesday it has completed the construction of Atlantis the Royal, a $1.2 billion ultraluxury resort complex, after almost seven years of work. Atlantis the Royal, set on the crescent of the human-made island Palm Jumeirah in Dubai of th...
February 22, 2023
Samsung, Naver join forces against Apple on payments

Ahead of the long-awaited Korean debut of Apple Pay next month, Samsung Pay appears to be bolstering preparedness by teaming up with its national rival Naver Pay. Samsung Electronics said Monday that it has signed a partnership deal with Naver Financial, the operator of Naver Pay, to seek business...
February 22, 2023
Posco Holdings mulls relocating to Pohang

Posco Holdings, the holding unit of South Korean steel giant Posco Group, may be relocating its headquarters to Pohang, North Gyeongsang Province, as its board of directors is set to discuss the issue at the upcoming shareholders’ meeting next month. The conflict between Posco and the residents o...
February 22, 2023
CJ Logistics forays into Polish market

CJ Logistics, South Korea’s largest logistics firm, said Tuesday it has opened a regional office in Wroclaw, Poland, in a bid to target the European logistics market. According to CJ Logistics, Wroclaw is the largest industrial city and logistics hub in southern Poland. The company explained that...
February 22, 2023
Posco International ready to help rebuild Ukraine

Posco International, a commodities trader affiliated with South Korean steel giant Posco Holdings, said Tuesday that it is eager to take part in reconstruction projects in Ukraine after the war to help the country rebuild. The Posco unit is the only Korean company that has maintained its business ...
February 21, 2023
Korea targets drone, bot deliveries by 2027

The Ministry of Land, Infrastructure and Transport on Monday unveiled a slew of long-term plans to establish smart logistics infrastructure across the country, which will enable one-hour delivery services using drones and artificial intelligence. The government said it first plans on commercializi...
February 21, 2023
Korea aims to showcase pre-6G network in 2026

South Korea will demonstrate the sixth generation of wireless technology to the world in 2026, the Ministry of Science and ICT said Monday as it unveiled the government’s network advancement plan called the "K-Network 2030" strategy. In order to carry out the technical display, the Korean governm...
February 21, 2023
[KH Explains] Samsung returns to OLED TV market after 10 years, renews competition with LG

Almost a decade after Samsung Electronics ditched the organic light-emitting diode TV business, the tech giant has returned to the market where crosstown rival LG Electronics dominates almost 60 percent of sales. Following its global launch last year, Samsung said Monday it would take preorders fo...
February 21, 2023
BOK likely to free base rate after 18 months of hikes

With the Bank of Korea set to hold its rate-setting meeting on Thursday, the market is expecting a freeze to the base interest rate for the first time in a year and half, marking an end to its rate hike cycle. The central bank, with its base rate standing at 3.5 percent, has been leading an aggres...
February 21, 2023
SK Signet Europe wins first W10b order in UK

SK Signet, a South Korean manufacturer of electric vehicle chargers, said Monday it had recently won its first supply deal in Europe, worth 10 billion won ($7.7 million), through a regional subsidiary. The establishment of SK Signet’s European subsidiary, SK Signet Europe, was announced at the CE...
February 21, 2023
South Korea’s life satisfaction among lowest in OECD

South Korea ranked near the bottom on reported levels of life satisfaction among member countries of the Organization for Economic Cooperation and Development, according to a report released this month. Statistics Korea's report Quality of Life Indicators in 2022 showed that South Korea ranked 36t...
February 21, 2023
KB Financial pledges W50b for child day care programs

KB Financial Group on Monday pledged to donate 50 billion won ($38.5 million) in donations over the course of five years from this year to 2027 to add forces to the Ministry of Education’s plans to advance the nation’s elementary care system. KB’s donation will be used mainly to support the Neu...
February 21, 2023
LG H&H to debut portable tattoo printer at MWC

LG Household & Health Care said Monday that it will be unveiling its own portable temporary tattoo printer, dubbed Imprintu, at the upcoming Mobile World Congress that is slated to kick off next week in Barcelona, Spain. The company will be the first South Korean beauty firm to participate in MWC,...
February 21, 2023
Innocean names ex-Meta exec as new creative chief of US office

Innocean Worldwide, a South Korean marketing communications agency under Hyundai Motor Group, said Monday that Jason Sperling, a former executive creative director of Meta's Reality Labs, has joined the agency as chief creative officer of its US office. An industry veteran with more than 20 years ...
February 20, 2023
Hana Bank to offer energy expense support

Hana Bank announced Sunday that it has raised 30 billion won ($23.07 million) through a joint labor-management fund to provide energy expense support for the financially vulnerable. The funds raised are enough to cover cash subsidies for the energy expenses of 150,000 people, including users of fi...

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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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