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The Korea Herald

Markets

February 09, 2023
Doosan to send $1m in equipment to earthquake-hit Turkey

Doosan Group announced Wednesday that it will provide about $1 million of Doosan Bobcat construction equipment to help with rescue and recovery work in Turkey, where a devastating earthquake struck Monday. The South Korean conglomerate plans to deliver the equipment through local dealers of Doosan...
February 09, 2023
HD Hyundai to support rescue work in Turkey

South Korea’s largest shipbuilding conglomerate HD Hyundai said Wednesday it will send 10 medium-sized excavators for reconstruction work to Turkey, which was severely damaged by a strong earthquake that hit southern Turkey and northern Syria on Monday. This is part of the aid given by Korean bus...
February 08, 2023
[From the Scene] Samsung store offers new shopping experience to Galaxy aficionados in LA

Another surprising visitor at the store was American actor Sumeet Dang, who is known for CBS’ action series “NCIS: Los Angeles” (2009), the TNT drama series “Animal Kingdom” (2016) and the horror film “Digging to Death” (2021). Describing himself as an iPhone user from Detroit, the actor ha...
February 08, 2023
[Newsmaker] [From the Scene] Robot shelves, packagers behind Coupang's ultra-fast Rocket Delivery

The selected items are then put into “auto baggers,” which automatically attach an invoice and seal the packaging after a worker puts the item into plastic wrapping paper. The wrapped items are then placed on top of Sorting Robots, which classify them by region and put them into appropriate boxe...
February 08, 2023
Foreign shoppers flock back as pandemic nears its end

International shoppers are returning to South Korea amid eased virus restrictions, seeing sales rebound for local department stores. Hanwha Galleria, the retail arm of the Hanwha Group, said on Tuesday that sales in the luxury goods section at the Galleria Department Store in Apgujeong-dong, a pos...
February 08, 2023
Hanwha Aerospace seeks arms exports to Romania

South Korean aircraft engine producer Hanwha Aerospace announced Tuesday that it has recently signed a memorandum of understanding with ROMARM, Romania’s state-run defense company, to join the European country's military modernization and performance enhancement projects. Hanwha said it aims to f...
February 08, 2023
Doosan Enerbility partners with Siemens Gamesa on wind power projects

Doosan Enerbility, a leading manufacturer of energy solutions in Korea, announced Tuesday that it has signed a framework agreement with Siemens Gamesa Renewable Energy, a multinational provider of wind power solutions, for a strategic partnership in the Korean offshore wind market. Siemens Gamesa’...
February 08, 2023
GMC debuts Sierra Denali in Korea

General Motors on Tuesday announced the launch of the Sierra Denali, GMC’s flagship pickup truck, in South Korea, officially introducing the GMC brand in the country for the first time. “Today we are to introduce the GMC brand in Korea with the launch of an astoundingly advanced and exceedingly ...
February 08, 2023
Pulmuone pushes for ready-meal vending machines in Korea

Korean food giant Pulmuone is in talks with US food-tech company Yokai Express to sign a deal before July for the launch of vending machines that can cook instant meals, the firm said Tuesday. "Pulmuone is in due process of securing exclusive rights to distributing and installing Yokai Expresss' v...
February 08, 2023
Korea to open up FX market to offshore firms

Financial authorities to push for allowing participation of offshore firms in forex market, while extending operating hours until 2 a.m. In hopes of conforming the Korean market to global standards, Korea is to push for changes in the foreign exchange market, including allowing the participation o...
February 07, 2023
[Herald Interview] 'Premium laptops essential to complete Galaxy ecosystem'

SAN FRANCISCO -- Samsung Electronics is hoping to expand its presence in the global laptop market where it remains a tiny player, as people are replacing their laptops more frequently after pandemic disruptions. “The replacement cycle of laptops is getting shorter from the previous life span of f...
February 07, 2023
SK ecoplant renews North America push

SK ecoplant, the engineering and construction unit under SK Group, announced Monday that its North American unit has been renamed from BETEK to SK ecoplant Americas as part of efforts to renew its commitment to the all-important market. Under the new name, SK ecoplant Americas plans to ramp up eff...
February 07, 2023
[Herald Interview] Raising retirement age is key solution for pension reform: French economist

French President Emmanuel Macron's recent proposal to raise the retirement age from 62 to 64 is believed to be the optimal solution to tackle the country's soon-to-run-out public pension reserves, French economist Philippe Aghion said during an interview with The Korea Herald on Jan. 24. "The best...
February 07, 2023
Chong Kun Dang signs licensing deal with Synaffix to develop ADCs

Korean pharmaceutical firm Chong Kun Dang said Monday that it signed a licensing deal with Dutch company Synaffix to gain access to the latter's technologies needed to develop new antibody drug conjugates. The size of the deal, which was inked Friday, is estimated at around $132 million, plus tier...
February 07, 2023
SK Innovation CEO pledges to accelerate green transition

Kim Jun, CEO of South Korea’s largest energy company SK Innovation, reaffirmed the company’s commitment to go net zero with more detailed action plans to be implemented across the firm. In a recent interview with the firm’s official news channel SKinno News, Kim revealed that this will be the f...

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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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