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The Korea Herald

Markets

February 16, 2023
AI chatbot services will boost chip demand, says SK hynix chief

The proliferation of chatbots using artificial intelligence will become "killer applications" in boosting demand for advanced memory chips, SK hynix Vice Chairman Park Jung-ho said at a symposium Wednesday. Park, who also serves as the chief executive officer of the world's second-largest memory c...
February 15, 2023
Hyundai Elevator’s open API enjoys wider adoption

Hyundai Elevator said Tuesday that its open API or Application Programming Interface is getting a firm footing among companies since its public release in March. The number of companies and institutions that have adopted the software has soared to 60. The users also include big businesses such as ...
February 15, 2023
Posco pushes for lithium clay extraction project in US

Posco Holdings said Tuesday it is pushing for a project in the United States to extract lithium, a key battery material, from lithium clay deposits. Posco Holdings recently signed a memorandum of understanding with Jindalee Resources to have the Australia-based mineral exploration company provide ...
February 15, 2023
Hyundai Mobis to invest W10tr for future growth

Hyundai Mobis, a car parts maker under Hyundai Motor Group, unveiled its investment strategies and shareholder return policies for 2023 on Tuesday. According to Hyundai Mobis, the company is to invest a total of 10 trillion won ($7.9 billion) over the next three years, mainly investing 5 trillion ...
February 15, 2023
[KH Explains] Korea pins high hopes for MSCI index upgrade

Over the years, South Korea has been making continuous efforts to win the top grade of the one of the world's most recognizable stock indices developed by Morgan Stanley, in hopes to attract more global investors and prove the growing international credibility for the economy. The assets under man...
February 15, 2023
BAT launches new Glo to take on KT&G, PMI

British American Tobacco’s South Korean branch announced Tuesday that the company will launch a new tobacco heating product, Glo Hyper X2, this month, in a bid to increase its share in the South Korean market. According to BAT Rothmans, the Korean arm of BAT, Glo Hyper X2 will be available on Feb...
February 15, 2023
Mirae Asset bolsters US market presence with ETF arm Global X

Mirae Asset Global Investments has made a big stride forward in the US exchange-traded funds market in the last five years following its acquisition of New York-based fund management firm Global X. ETF provider Global X had about 8 trillion won ($6.29 billion) in managed assets when it was taken o...
February 15, 2023
Science minister to present Korea’s digital strategy at MWC

South Korea’s science minister and the heads of telecommunications giants SK Telecom and KT are participating in the upcoming Mobile World Congress set to be held from Feb. 27 to March 2 in Barcelona, Spain. Lee Jong-ho, Minister of Science and ICT, will deliver a speech at the GSMA’s ministeria...
February 15, 2023
Ford-CATL partnership could erode Korean batteries’ price competitiveness

South Korean battery makers, who have poured considerable resources in the all-important US market, might lose ground over Ford’s new partnership deal with Chinese battery giant CATL, industry sources said Tuesday. On Monday, Ford announced it plans to invest $3.5 billion to build an electric veh...
February 15, 2023
SK grants W200m to nurture social ventures

SK Supex, SK Group’s top decision-making council, said Tuesday that the group selected two environment-related social enterprises, Netspa and En2core Technology, as the beneficiaries of its venture fostering program, Impact Union, and had granted 100 million won to each of the companies. Running ...
February 15, 2023
Samsung mobile chief hints at extending AI partnerships

Samsung Electronics President and mobile business chief Roh Tae-moon has hinted at the tech giant’s potential partnerships with global IT firms to develop new artificial intelligence technologies for its smartphones. Roh noted the possible partnerships at a press conference held in Malaysia on Th...
February 15, 2023
International research team developed new micro-LED for better VR technology

A research team comprised of experts from Korea, the United States and Europe developed "full-color micro LEDs with ultra-fine vertical stacked pixel structures" which can enable the production of more vivid screens. A joint research team led by Hong Young-joon, a professor of Nanotechnology and A...
February 15, 2023
LG CNS launches new research platform Quinoa

LG CNS said Tuesday it has launched a new research platform, called Quinoa, to allow users to conduct surveys more easily and check and share results via mobile devices. The name comes from the superfood grain of the same name to represent “small but meaningful thoughts and opinions that come tog...
February 15, 2023
Top 5 banks' hefty bonuses under fire

The top five Korean banks -- KB Kookmin, Shinhan, Hana, Woori and NongHyup – handed out hefty bonuses last year, after they posted record earnings thanks to higher interest income. The five banks’ bonuses in 2022 amounted to a combined 1.38 trillion won ($1.08 billion), up 35 percent on-year, ac...
February 15, 2023
Samsung chief unlikely to seek board membership

Samsung Electronics Chairman Lee Jae-yong is unlikely to seek board membership at the company, as it was not included in the list of agenda items to be discussed in the upcoming general shareholders meeting on March 15. Samsung held a board of directors meeting on Tuesday to fix the date of this y...

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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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