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The Korea Herald

Markets

November 17, 2022
US delays decision on Korean Air-Asiana merger

South Korea’s largest air carrier Korean Air’s buyout of Asiana Airlines faced yet another hurdle, as the US antitrust regulator decided to conduct a more thorough investigation before granting approval of the merger. The US Federal Trade Commission was expected to announce its decision this wee...
November 17, 2022
SK Signet to produce ultrafast EV chargers in US

South Korean manufacturer of electric vehicle chargers SK Signet said Wednesday it will start producing ultrafast 350-kilowatt electric vehicle chargers in the US from the second quarter of 2023. The plan comes after the company, an affiliate of the nation's second-largest conglomerate SK Group, r...
November 16, 2022
Medicube operator eyes IPO on upbeat sales

APR, operator of Korean street fashion brand Nerdy and dermocosmetics brand Medicube, said Tuesday it posted record-high sales in the third quarter this year. The company’s sales surged on-year by 306 percent to 95 billion won ($72 million) while its net income jumped 81 percent to 12 billion won...
November 16, 2022
Import price growth slows as BOK readies rate hike

South Korea’s import prices rose annually at their slowest pace in 15 months in October, fueling speculation over an inflation peak ahead of the central bank’s rate hike next week -- the last one for the year in the face of 24-year-high inflation. Preliminary data from the Bank of Korea showed T...
November 16, 2022
Corporate Korea bets big on Jokowi’s $34b capital relocation plan

Corporate Korea is betting big on Indonesia’s $34 billion capital relocation plan as they are expected to play a leading role in building futuristic infrastructure for smart city and flying cars. During this week’s Group of 20 summit held on the resort island of Bali, South Korea and Indonesia o...
November 16, 2022
Smilegate founder’s divorce could affect ownership

Kwon Hyuck-bin, founder of South Korea’s gaming giant Smilegate and the nation's fifth richest person in terms of asset value, is going through an expensive divorce, according to legal sources Tuesday. Kwon’s wife was recently ruled in favor of her claim banning her husband from selling company ...
November 16, 2022
SK Geocentric wins W475b ESG loans

SK Geocentric, a chemical materials unit of South Korean conglomerate SK Group, said Tuesday it had secured loans worth 475 billion won ($358 million) from global banks, in recognition of the company's future plans for its environmental, social and governance initiatives. SK Geocentric held a sign...
November 16, 2022
Microsoft CEO discusses cooperation with SK, NCSoft chiefs

Microsoft CEO Satya Nadella on Tuesday met with chiefs of SK Group, South Korea’s second-largest conglomerate, and NCSoft, the country’s game giant, to discuss future cooperation. According to industry sources familiar with the matter, Nadella sat down with SK Group Chairman Chey Tae-won, SK Squ...
November 16, 2022
ASML to strengthen foothold in Korea: CEO

ASML, the world-leading Dutch equipment supplier for semiconductor manufacturers, will expand its foothold in South Korea with the planned construction of new facilities and add more capacity with the global chip industry’s growth forecast, the company’s CEO Peter Wennink said Tuesday. Acknowled...
November 16, 2022
Textile maker Hansae marks 40th anniversary

To commemorate its 40th anniversary, South Korean clothing manufacturer Hansae is preparing to take a leap forward with its textile business by undertaking an efficient and sustainable working process, according to the company on Tuesday. "We aim to have the company reach one hundred years by disc...
November 16, 2022
Porsche Korea supports esports team to lure younger customers

Porsche Korea aims to strengthen its brand presence in esports as part of its marketing strategy to reach out to younger customers and let them experience the brand in a new way, according to the carmaker. In response, Porsche Korea signed a partnership agreement with the South Korean esports team...
November 14, 2022
More businesses face downgrade in credit ratings

SEJONG -- Market insiders are raising the possibility that dozens of local businesses will suffer a downgrade in their credit standings next year in the wake of economic slowdown as well as worsening liquidity in their financial statements among many in the corporate sector. Their prediction is ba...
November 14, 2022
Hyundai Motor chief urges bold action on climate change, energy poverty at B20

Hyundai Motor Group Executive Chair Chung Euisun on Sunday urged global action to tackle climate change and energy poverty at the 2022 Business 20 summit of business groups and entrepreneurs that precedes the Group of 20 summit held on the Indonesia island of Bali from Tuesday. The B-20 is an offi...
November 14, 2022
Porsche aims high to produce ‘Porsche-typical’ EVs

“With its 800-volt architecture, the powerful electric motor of the latest generation and state-of-the-art battery and charge management, this model offers the E-Performance that is characteristic of Porsche,” said Janssen. "(Producing) high-volume models with high-tech standards, we are electri...
November 14, 2022
Milk inflation accelerates

With the upcoming milk price hike slated for this week, South Korean consumers are likely to see a series of price increase in bread, butter and dairy products -- everyday low-cost items -- worsening the already soaring inflation. Seoul Dairy Cooperative, the largest supplier of milk and dairy pro...

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EDITOR'S PICKS

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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