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The Korea Herald

Markets

February 07, 2023
[Herald Interview] DHL to triple logistics capacity at Incheon Airport: CEO

With the exponential growth of South Korea’s e-commerce market during the pandemic, Frank Appel, CEO of global logistics giant Deutsche Post DHL Group, has vowed to triple the company’s logistics capacity at Incheon Airport, the nation’s main gateway, this year. “DHL base in Incheon is our key...
February 07, 2023
FSS chief vows to facilitate Korean financial firms’ global expansion

Lee Bok-hyun, chief of the Financial Supervisory Service, pledged to help local finance companies beef up their presence in the overseas market on Monday. The country's financial watchdog will first hold talks with counterparts in Southeast Asia, which are considered the major market for domestic ...
February 07, 2023
BOK renews W9.6tr currency swap deal with Australia

South Korea and Australia have agreed to extend their currency swap agreement by another five years, in a bid to continue to increase trade and improve financial stability. Under the extension, the Bank of Korea and the Reserve Bank of Australia can exchange their local currencies up to 9.6 trilli...
February 07, 2023
IBK to open Poland office to accelerate entry into Eastern Europe

The Industrial Bank of Korea will open an office in Poland in the first half of this year as part of its overseas expansion into the European market, the state-run lender said Monday. On Jan. 24, the company submitted a license approval application for the Polish office to local financial supervis...
February 07, 2023
Fint provides investors safety net through AI risk management

At times of high financial volatility, Korean fintech firm Fint’s artificial intelligence-powered investment service designed for minimizing risk can play its part, said an executive from the startup behind the service. Launched by startup December & Co. in 2019, Fint is a digital version of a fu...
February 06, 2023
Hyundai gains momentum with high-performance cars

With the automotive industry underscoring technology as a key driver of growth, high-performance brands under leading car manufacturers are becoming the testbed to enhance their car models’ driving features, ranging from speed to durability. Hyundai Motor Group, South Korea's No. 1 carmaker, is a...
February 06, 2023
New EU rules picked No. 1 ESG concern this year

Four out of six South Korean companies picked the European Union’s upcoming due diligence act as the No. 1 concern for their ongoing environmental, social and governance efforts this year, saying heightened regulations could pose a direct threat to export-driven companies that are not yet fully re...
February 06, 2023
'Energy inflation' hits 25-year high in January

South Koreans have faced surging electricity, gas and heating bills, with the January inflation index hitting a new high since the 1998 financial crisis. According to the Korean Statistical Information Service on Sunday, the public utility price index -- calculated based on the consumer price inde...
February 06, 2023
KT&G aims big for overseas expansion

KT&G, South Korea's dominant tobacco company, is making aggressive inroads into overseas markets in a bid to increase its sales and market share abroad, according to the company on Sunday. Aiming to foray into foreign markets, the company recently signed its first long-term sales and purchase agre...
February 06, 2023
Hyundai gains momentum with high-performance cars

With the automotive industry underscoring technology as a key driver of growth, high-performance brands under leading car manufacturers are becoming the testbed to enhance their car models’ driving features, ranging from speed to durability. Hyundai Motor Group, South Korea's No. 1 carmaker, is a...
February 06, 2023
LG unveils net-zero goals in first group-wide report

LG Group, the nation’s fourth-largest conglomerate, renewed its commitment to achieving net-zero goals by 2050 in a groupwide report on emissions reduction Sunday -- a first among major conglomerates in South Korea. In the report, titled "LG Net Zero Special Reporting: Placing the First Stepping ...
February 06, 2023
[Herald Interview] Samsung bets big on cameras to fight Apple

SAN FRANCISCO -- Samsung Electronics unveiled the new Galaxy S23 smartphones, the latest lineup of its flagship S series, on Wednesday, putting much emphasis on enhanced camera functions -- a secret weapon to fight against its archrival, Apple. “We’ve enhanced our camera system that allows users...
February 05, 2023
Citibank Korea to arrange syndicated loan for Posco's lithium salt lake project

Citibank Korea announced Friday that it signed a syndicated loan agreement with Posco Argentina to support the development of a salt lake with lithium reserves for Posco Holdings. As a joint mandated lead arranger, Citibank arranged a $412 million (505.4 billion won) syndicated loan for Posco Arge...
February 05, 2023
[Weekender] Humanlike AI chatbot ChatGPT takes world by storm

Multilingual chatbot, not Korean specialist ChatGPT has been trained on a wide variety of text data in multiple languages, but the AI chatbot-powered Bing search engine may not be the most reliable tool for many non-English speaking users whose main search sites have been other platforms, accordin...
February 05, 2023
SK Bioscience expected to log 70% drop in profit as COVID vaccine demand dwindles

Korean biopharmaceutical firm SK Bioscience is expected to log a sharp decline in its sales and operating profit for 2022, as demand wanes for COVID-19 vaccines, its key source of revenue, according to a report from a local securities firm on Friday. The company’s annual sales for last year are e...

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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
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