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The Korea Herald

Markets

December 19, 2022
Boosting healthcare partnership

HANOI, Vietnam - South Korea’s Myongji Hospital and Vietnam’s Thai Binh Province on Friday signed a memorandum of understanding to boost the healthcare partnership between the two parties, on the sidelines of the Korea-Vietnam Economic Cooperation Forum 2022 held at InterContinental Hanoi Landmar...
December 19, 2022
Provincial governments pin high hopes on elevated ties

Early this year, the provincial government launched a policy advisory group of experts for virtual development, called Metaverse Alliance. The advisory group, consisting of some 40 experts from various fields, including culture and education, will come up with strategic tasks and share information...
December 19, 2022
Korea-Vietnam economic ties heading to next level

HANOI, Vietnam - Jeong Man-ki, vice chairman of the Korea International Trade Association, stressed now is the time for South Korea and Vietnam to seek the next level of economic ties as the two nations face structural and geopolitical challenges in his keynote speech during the Korea-Vietnam Econo...
December 19, 2022
Toss Securities joins hands with Hana Bank for 24-hour forex trading service

Hana Bank on Thursday signed a memorandum of understanding with Toss Securities, the brokerage arm of fintech company Viva Republica, to jointly provide around-the-clock service for foreign exchange trading. “Through continuous cooperation with various financial companies like Toss Securities, we...
December 19, 2022
Hyundai Pharm withdraws application for abortion pill approval

The Ministry of Food and Drug Safety said on Friday Hyundai Pharmaceutical voluntarily withdrew its application for the approval of its abortive drug Mifegyne, consequently dimming South Korea's prospect for medication abortions. "The company was unable to send in the data required by the Ministry...
December 15, 2022
Highlighting elevated ties between Korea, Vietnam

Herald Corp., publisher of The Korea Herald and Herald Business, will co-host a forum on Friday to shed light on how the elevated bilateral relationship engenders new opportunities between the provinces of South Korea and Vietnam. Also coming into focus are the higher standards of living in Vietna...
December 15, 2022
[Herald Interview] Retail mogul calls for diaspora support

Ko is now stepping up his game with plans to adapt to such shifting sands, in part by strengthening its logistics capacity. K&K looks to complete its second Vietnamese food distribution center on a 30,000-square-meter site near Ho Chi Minh City by August 2023, following one on the outskirts of Han...
December 15, 2022
Hana Financial taps CEO candidates

Hana Life Insurance CEO Lee Seung-lyul, 59, was named the final candidate to be considered as the new head of Hana Bank, in Hana Financial Group’s latest leadership reshuffle, which took place earlier than usual. Hana Financial Group said Wednesday it completed CEO nominations for its affiliates ...
December 15, 2022
Ministry bets big on fostering food-tech startups

In a bid to strengthen the nation's food technology industry, the government unveiled its plan on Wednesday to incubate 30 unicorn startups and aim to quadruple food-tech related exports by 2027. According to the Ministry of Agriculture, Food and Rural Affairs, food-tech refers to a newly rising i...
December 15, 2022
Shinsegae chairwoman's W28b mansion is most expensive in Korea: data

Shinsegae Group Chief Lee Myeong-hee’s Hannam-dong residence maintained its position as the most expensive house in Korea for eight consecutive years, government data showed Wednesday. The 2,862-square-meter mansion located in Yongsan, central Seoul, was valued at 28.03 billion won ($21.59 millio...
December 15, 2022
[From the Scene] Daewoo’s Starlake City, a new posh neighborhood in Hanoi

Unlike villas that have no flooring and wall finishes, the 24-story Starlake apartments are the first to adopt what the official calls “a typical Korean style interior” here. System air conditioning, white-tone kitchen cabinets and built-in dressers were installed free of charge. The apartments w...
December 14, 2022
JTBC’s ‘Reborn Rich’ intrigues with enigmatic chaebol stories

Admiration and hatred Whether Jin Do-joon, or Yoon Hyun-woo, will succeed in his revenge against the Sunyang family is yet to be known. The drama takes on the familiar David vs. Goliath plot, with the meek and innocent David knowing how the future unfolds. Critics explained how this kind of plot ...
December 14, 2022
Firms with more foreign shareholders more transparent

Companies with higher involvement of foreigners and small investors are more likely to release more detailed corporate governance reports, demonstrating more transparency, the Korea Exchange said Tuesday. The Korea Exchange, the nation's sole bourse operator, released an analysis on the corporate ...
December 14, 2022
ABL Bio to continue trials on brain diseases treatment despite regulatory setback in US

Despite a regulatory setback for ABL Bio's degenerative brain disease medicine's approval, the South Korean biotech company said Tuesday that it will continue its studies for the new drug with lessened dosages, possibly starting at the end of this year. The US Food and Drug Administration decided ...
December 14, 2022
LG-GM joint venture secures $2.5b from US government to fund EV battery plants

Ultium Cells -- a joint venture between LG Energy Solution and General Motors -- has secured a $2.5 billion (3.27 trillion won) loan from the US Department of Energy to help finance the construction and expansion of three electric vehicle battery manufacturing facilities in Ohio, Tennessee and Mich...

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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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