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The Korea Herald

Markets

November 28, 2022
Posco wins Asia's first ResponsibleSteel accreditation

South Korean steel giant Posco said Sunday its production plants in Pohang and Gwangyang have received the ResponsibleSteel accreditation, becoming the first Asian company to win the honor. ResponsibleSteel, a nonprofit organization set up in 2016, awards steel businesses with accreditation for fu...
November 28, 2022
Hyundai Steel outpaces rivals in ‘world-class’ product certifications

South Korea’s second-largest steelmaker Hyundai Steel said Sunday that its submerged arc welding A671/A672 had been recognized as a World Class Korean Product. With the new addition, Hyundai Steel now boasts a total of 12 World Class Korean Products. The number is the largest among its peers in t...
November 28, 2022
Breaking the glass ceiling: Chaebol groups make breakthrough with female leaders

A wind of change may be blowing at the nation’s male-dominant corporate culture, with more women getting promoted to take top seats amid year-end reshuffles. LG Group last week tapped two female CEOs to lead its key affiliates – Lee Jung-ae for its retail arm LG Household & Health and Park Ae-ri...
November 28, 2022
Ex-Agency for Defense Development drone expert joins Plana as vice president

Plana, a South Korean startup dedicated to building vertical takeoff and landing aircraft powered by hybrid e-powertrains, said Friday that Dr. Kim Hyun-soon from Agency for Defense Development has joined the company as vice president. Kim, who is an R&D expert in developing unmanned aerial vehicl...
November 25, 2022
[Herald Interview] Public Procurement Service helps firms eyeing overseas procurement market

As South Korea is seeing a widening trade deficit on sluggish global demand amid an economic slowdown, finding new markets for export has become ever more important. The Public Procurement Service, which procures, supplies and manages goods and services for public organizations, also supports Kore...
November 25, 2022
LG H&H replaces CEO with 1st female leader

South Korea's fourth-largest conglomerate LG has tapped two female CEOs in its groupwide year-end reshuffle that ended Thursday. Consumer goods arm LG H&H named Executive Vice President Lee Jung-ae as the new chief executive officer, replacing Cha Suk-yong after nearly 18 years of service. Lee is...
November 25, 2022
[From the scene] Posco goes all-out to salvage typhoon-hit plant

POHANG, North Gyeongsang Province -- It was as silent as a graveyard inside the dark, dusty No. 2 rolled steel manufacturing plant at Posco’s steel mill in the southeastern city of Pohang on Wednesday, unlike three months ago when it was churning out steel products like those for EV motors. The pl...
November 25, 2022
BOK flags growth, credit fears as it reins in interest rate hike

The Bank of Korea raised its policy rate by 25 basis points Thursday, returning to its usual pace of tightening as growth and credit markets falter in the face of 24-year-high inflation running close to three times the central bank’s 2 percent target. The unanimous decision the seven-member board...
November 25, 2022
Luxembourg's crown prince to visit Seoul for economic ties

Luxembourg’s Crown Prince Guillaume Jean Joseph Marie is set to arrive in Seoul on Monday for a three-day visit, leading a delegation of 87 representatives from public and private institutions in the space and ICT industry, the European country said. The Crown Prince and Luxembourg Minister of Ec...
November 25, 2022
[Newsmaker] Long-awaited insurance bill reignites debate on Samsung’s ownership structure

Under the bill, the maximum threshold in terms of the value of a certain asset an insurer can invest must not exceed 3 percent of the total asset of an insurer, and the value will no longer be determined at the moment of the investment. Instead, the value will be determined in the present time. Th...
November 25, 2022
Hyundai to revive Pony Coupe with legendary designer Giorgetto Giugiaro

Hyundai Motor will re-create the Pony Coupe Concept with the model’s original designer Giorgetto Giugiaro and unveil it in the coming spring, the carmaker announced Thursday at a design talk in Yongin, Gyeonggi Province. The Pony Coupe Concept is a car lost to history, as despite being unveiled a...
November 25, 2022
SK invests in cultured salmon, extends sustainable food biz portfolio

SK Inc, the strategic investment arm of SK Group, said Thursday it invested in a food-tech startup specializing in cultured salmon, in a bid to diversify its investment portfolio in food business. The holding unit of the nation's third-largest conglomerate said it invested 10 billion won ($7 milli...
November 24, 2022
Will Korea host Tesla 'gigafactory'?

Business tycoon Elon Musk's confirmation that South Korea is among the top candidates for Tesla's second electric vehicle production plant in Asia highlights the robust automotive parts ecosystem in Korea for cutting-edge autonomous driving technology, as well as the brand's popularity here. All e...
November 24, 2022
Market manipulation probe could dent MSCI hopes

The latest probe by the Korea Exchange into alleged market manipulation by two foreign investment banks in South Korea is creating friction between the bourse operator and global investment banks, amid Seoul’s push for recognition in the Morgan Stanley Capital International developed market index....
November 24, 2022
New markets, startups can counter crisis: Arthur D. Little CEO

As colliding shocks prompted by inflation rocks the global economy, policymakers are managing their expectations for growth while companies are searching for ways to ride out the disruptions following a potential global recession. The pace of recovery will be as much different as the size of the i...

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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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