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The Korea Herald

Markets

February 15, 2023
Hanlim, Saison set up real estate JV in Cambodia

Hanlim Architecture Group, a comprehensive real estate service company, announced Tuesday it has established the joint venture Hanlim Cambodia HS Global together with Cambodia's Saison Group. The opening ceremony of the venture was held Friday at the office located within Amass Central Tower in Ca...
February 14, 2023
Foreign net buying of Korean stocks hits 9-year high

Foreign investors bought listed stocks here worth a net 6.14 trillion won ($4.8 billion) in January, according to the Financial Supervisory Service on Monday. This is the highest net buying amount that South Korea has seen in nine years, since September 2013, when the total was recorded at 8.32 tr...
February 14, 2023
Hugel, Huons stress no ties to Medytox's botox patent

South Korean botulinum toxin manufacturers Hugel and Huons Biopharma announced Monday that the latest court ruling on a legal dispute between Medytox and Daewoong will not influence their botulinum toxin businesses, saying that their botulinum toxin strains would not face patent issues with Medytox...
February 14, 2023
[Herald Interview] Polestar to add SUV to Korea lineup

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
February 14, 2023
No. of SK-affiliated companies exceeds 200 for 1st time

Energy-to-semiconductor conglomerate, SK Group, has the largest number of affiliated companies among 76 local business groups with 5 trillion won ($3.9 billion) or more in assets, data showed Monday. According to South Korea's Fair Trade Commission, SK Group, the country's second-largest business ...
February 14, 2023
Corporate relief support for quake-hit Turkey, Syria

Korean conglomerates have been rushing to send equipment and financial aid to Turkey and Syria to support disaster relief efforts after a devastating 7.8 magnitude earthquake on Feb. 6 that has so far left more than 33,000 people dead, and several thousands injured and in critical condition. Samsu...
February 14, 2023
China’s BYD tops EV sales, outpaces Tesla for 1st time

The number of registered electric vehicles surpassed 10 million in 2022, as the EV industry continued its upward trend with the Chinese market’s strong growth, a report showed Monday. According to market tracker SNE Research, global EV registrations increased by 61.3 percent on year in 2022 to re...
February 14, 2023
ABL Bio turns to profit in 2022

ABL Bio, a South Korean drug maker, announced Monday that the company turned a profit last year, backed by milestone payments it received under licensing-out deals. ABL Bio said its annual sales in 2022 went up 1162.1 percent to reach 67.3 billion won ($52.7 million). The company’s annual operati...
February 14, 2023
Samsung vows to replace all plastics in Galaxy phones with recycled materials by 2050

Samsung Electronics, the largest smartphone maker in the world by shipment, vowed Monday to replace all plastics used in its Galaxy smartphones to recycled materials by 2050, highlighting its latest Galaxy S series, which has been made with the highest number of recyclables to date. At the same ti...
February 14, 2023
[NPS in Action] ‘Paper tiger’ NPS rebrands self as vocal shareholder, but motives murky

This is the third part of a series on South Korea’s largest investor, the National Pension Service, analyzing its current status and identifying tasks that lie ahead. -- Ed. The new chief investment officer of the National Pension Service, the country's largest investor, vowed in December last ye...
February 13, 2023
Animal drugs have long way to go despite surging pet population

The domestic veterinary medicine market appears to be expanding, given the myriad of new pet health care products coming out in the market. Yet local firms are struggling to expand due to low marketability, according to industry sources. “The domestic veterinary drug market is a red ocean,” said...
February 13, 2023
Renault XM3 named hybrid SUV of the year

Renault Korea Motors’ XM3 E-Tech Hybrid has been named the Hybrid SUV of the Year at the Car of the Year event hosted by the Korea Automotive Journalists Association, the carmaker said Sunday. The XM3 has so far won three awards at the event, following two wins last year for Small SUV of the Year...
February 13, 2023
China’s reopening to boost Korea’s economic growth for 2023: KITA

With China as its biggest trade partner, South Korea will likely see its economy growth aided by the neighboring country’s reopening of its borders in an easing of the yearslong COVID-19 pandemic restrictions, a Korean trade lobby group said Sunday. In a report, the Korea International Trade Asso...
February 13, 2023
[KH Explains] Proxy fight heats up to acquire SM

A proxy fight looms large over the ownership of K-pop agency SM Entertainment. Its founder Lee Soo-man, affectionately called the godfather of K-pop, has teamed up with Hybe, the K-pop agency behind the global sensation BTS, while SM executives join forces with internet giant Kakao. Hybe announced...
February 13, 2023
[Herald Interview] Mohegan Inspire aims to become post-COVID leisure landmark in Incheon: CEO

Ray Pineault, CEO of Mohegan, the US-based global resort developer, has shared his vision for Asian expansion, unveiling the company’s ambitious plan to open a massive resort complex near Incheon International Airport, the nation’s main gateway, later this year. “We had already expanded interna...

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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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