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The Korea Herald

Markets

December 26, 2022
Analyst reports going virtual

NH Investment & Securities has been taking a softer approach to attract customers, leading brand promotions through reality dating show content. On the six-part reality dating show “Pullin’ Up Romance” on YouTube, cast members date each other while managing seed money provided to them. Mirae A...
December 26, 2022
Where do the superrich keep their money?

KB defines wealthy people as those with financial assets of more than 1 billion won. The group has combined financial assets of 2,883 trillion won, which accounts for 58.5 percent of Korean households' total financial assets. The center provides customers with financial services that banks and sec...
December 26, 2022
Celltrion submits FDA application for CT-P13 SC

Celltrion announced Friday that it completed submission of a biologics license application for subcutaneous version of biosimilar to anti-inflammatory medicine Remicade the US drug regulator. CT-P13 SC, or Remsima SC, is Celltrion’s subcutaneous formulation of the company’s infliximab biosimilar...
December 26, 2022
LegoChem Biosciences inks W1.6t out-licensing deal with Amgen

LegoChem Biosciences, a South Korean drug company, announced on Friday that the company signed a technology transfer agreement with US multinational biopharmaceutical company Amgen to transfer antibody-drug conjugate technology. The contract could potentially be worth 1.6 trillion won ($1.2 billio...
December 26, 2022
'Half-baked' chips act falls short of drastic corporate tax cuts

South Korea last week passed a revision bill being deemed the "Korean chips act," expanding tax benefits for investments in the semiconductors industry. But the bill has done little to appease stakeholders in the industry, who said the increased tax cuts are too little to boost their competitivene...
December 26, 2022
Posco, Energyn team up for hydrogen tanks

South Korean steelmaker Posco and local gas containment equipment manufacturer Energyn have localized the production of hydrogen storage tanks, according to Posco on Sunday. Hydrogen storage tanks are used to store highly compressed, gaseous hydrogen in electric vehicle charging stations. Current...
December 26, 2022
International flight passengers exceed domestic travelers for first time since pandemic

The number of international flight passengers exceeded domestic travelers for the first time since the onset of the coronavirus pandemic in 2020, data showed Sunday, with the figure still remaining at half the pre-pandemic levels. According to data from the Ministry of Land, Infrastructure and Tra...
December 26, 2022
[Behind the wheel] All-new Grand Cherokee blends off-road features with luxurious city driving

The Grand Cherokee features new exterior and interior designs. The exterior exudes a slick and grand look, while the interior's warm wood panels and glassy surfaces add to the SUV’s luxurious feeling. Prices begin from 103.2 million won ($80,000) in Korea. Stellantis plans to introduce a fully el...
December 26, 2022
Battery giants to see W50tr revenue amid booming EV market

South Korean battery giants -- LG Energy Solutions, Samsung SDI and SK On -- are expected to see a combined sales of some 50 trillion won ($39 billion), marking a record-breaking year amid burgeoning demand for electric vehicles overseas. LG Energy Solutions’ revenue this year is estimated to sur...
December 26, 2022
BOK hints on interest rate hikes for 2023

The Bank of Korea put forward price stability as its major commitment for next year, hinting on further hikes of its key rate to fight ongoing inflation. The central bank released a report on its monetary policy for next year on Friday, suggesting forecasts on the economic outlooks in and out Kore...
December 26, 2022
KAI inks W302b deal to supply light armed helicopters

South Korean defense company Korea Aerospace Industries said Friday it signed a 302 billion won ($235 million) deal with Korea’s Defense Acquisition Program Administration to provide light armed helicopters (LAH). Under the contract, KAI will supply the South Korean military with 10 LAH units sta...
December 23, 2022
Two Korean firms eye Lucentis' W32b market with biosimilars

Samsung Bioepis and Chong Kun Dang are expected to launch their biosimilar versions of Lucentis, an age-related macular degeneration, or AMD, medicine sold by Novartis and Roche, according to industry sources as reported in local media on Thursday. AMD is an eye disease that can blur a patient's c...
December 23, 2022
SK Group chairman: Chip market's downturn will continue, but not for long

SK Group Chairman Chey Tae-won painted a gloomy outlook for the semiconductors industry, but predicted the downturn will not last long, as chip cycles have tended to grow shorter. “In the long run, semiconductors have always gone up and down, and recently, semiconductor cycles have become very sh...
December 23, 2022
LG Innotek to unveil most advanced optical zoom module for smartphones

LG Innotek said Thursday it will unveil the most advanced ultra-compact optical zoom camera module for smartphones, at the upcoming Consumer Electronics Show in Las Vegas early next month. The electronic parts supplier said it has succeeded in developing an optical telephoto zoom camera module tha...
December 23, 2022
SsangYong Motor to change name to KG Mobility

SsangYong Motor will change its name to KG Mobility to maximize the carmaker’s strengths in the future, KG Group Chairman Kwak Jea-sun said Wednesday. "The name -- SsangYong Motor -- has a fandom with good memories, but it also has a painful image,” Kwak said at an event held by the Korea Automo...

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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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