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The Korea Herald

Markets

January 20, 2023
Posco completes restoration of all typhoon-hit plants

South Korea's top steelmaker Posco said Thursday it completed the restoration of its typhoon-hit steel manufacturing plants in Pohang, North Gyeongsang Province. According to Posco, all of its 17 steel manufacturing plants, which are responsible for more than one-third of Posco’s some 13.5 millio...
January 20, 2023
Pesticides found in Shin Ramyun exports to Taiwan

Hazardous substances were detected in Korean food company Nongshim's flagship ramen products to Taiwan, according to the Taiwan Food and Drug Administration Thursday. Nongshim's exports of Shin Ramyun Black Tofu & Kimchi cup noodles to Taiwan failed to pass the country's customs inspection, the TF...
January 20, 2023
Mirae Asset buoyed by upbeat overseas earnings

Mirae Asset Global Investments stands strong in the global financial market, despite a challenging economic environment. As of end-2022, Mirae Asset Global Investments' assets under management had reached 248 trillion won ($200 billion). According to the firm, 40 percent of its total assets, or 10...
January 19, 2023
LS Cable’s EV charging cable gets US certification

LS Cable & System, South Korea's top wire and cable maker, is revving up efforts to target the North American market for high-speed charging cables. The company said Wednesday it recently received the American UL Safety Certification for its high-speed electric vehicle charging cable. In Korea, h...
January 19, 2023
Researchers offer new solution to reduce clothing waste

Scientists have developed the world’s first technology to recycle clothing waste by converting discarded fiber into usable materials, the Korea Research Institute of Chemical Technology said Wednesday. A group of researchers led by Cho Joung-mo, a senior researcher at the KRICT, found a screening...
January 19, 2023
Woori Financial Group chairman relents, will step down in March

Woori Financial Group Chairman and CEO Son Tae-seung will step down from office when his second term ends in March. Son told the group’s next chairman selecting committee on Wednesday morning that he will not seek his third term, according to the Woori Financial Group. The chairman’s decision c...
January 19, 2023
Samsung's mobile chief confident about new Galaxy S series

While Samsung’s unpacking event for its new flagship Galaxy devices is set to take place in San Francisco on Feb. 1, the tech titan is expected to showcase the Galaxy S23 smartphone series, along with its other latest smart devices. Roh was confident about showing how “innovation and sustainabil...
January 19, 2023
Facelifted Hyundai Kona aims to redefine compact SUVs

Hyundai Motor Group on Wednesday launched the all-new Kona, a second-generation subcompact sport utility vehicle, with an aim to set new standards for small SUVs. “Kona is Hyundai Motor’s most iconic SUV. We took the creative design of the existing model and applied a new method of designing the...
January 19, 2023
P&G Korea's Febreze fights winter fabric odors

In winter, odors coming from coats and mufflers often don’t disappear, especially after meals in an enclosed space. Winter clothing comes from fabric made of porous fibers, therefore being kept in a state where odor-causing gas molecules are absorbed due to high moisture. Indoor ventilation is al...
January 19, 2023
[KH Explains] How soon will microLED replace OLED?

Micro light-emitting diode, or microLED, has become a buzzword in tech, as Apple -- the world’s largest consumer electronics company by revenue -- is reportedly working to use the sophisticated display technology in upcoming Apple Watches while reducing the use of organic light-emitting diode disp...
January 19, 2023
Top 100 firms spend W5.44tr on ESG efforts in 2021

The top 100 Korean companies in terms of sales invested a total of 5.44 trillion won ($4.3 billion) in environmental and safety efforts in 2021, the Federation of Korean Industries said Wednesday. The FKI analyzed the firms' environmental, social and corporate governance, or ESG, efforts based on ...
January 19, 2023
[Herald Interview] Shareholder activism will boost share prices long term: expert

The rise of shareholder activist campaigns will provide outside perspectives for Korean companies and increase their values both socially and financially in a long term, said Alex Edmans, a finance professor at the London Business School. “Evidence shows that when you have shareholders engaging, ...
January 18, 2023
Korea, UAE ink $6.1b in business deals

Upon Yoon's state visit, 23 memorandums of understanding signed to boost mutual ties South Korea and the United Arab Emirates are to further strengthen ties for joint growth, agreeing to $6.1 billion worth of cooperation on energy, defense and new industry businesses, according to Seoul officials ...
January 18, 2023
[Herald Interview] BOK likely to turn attention to growth: SC Bank strategist

Arup Ghosh, Standard Chartered Bank’s co-head of Asia (excluding China) rates research and global research, sees that the Bank of Korea now has room to pause its rate hike and focus more on reviving the Korean economy. “Now, the domestic economy -- particularly the housing market, private consum...
January 18, 2023
Apple Watch may offer ovulation tracking in Korea

Apple is seeking ways to make the cycle tracking application featured in its latest Apple Watch series available for users in Korea. The US tech giant recently reached out to South Korean authorities to ask for a regulatory sandbox approval, according to industry sources Tuesday. Apple Korea inqui...

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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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