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The Korea Herald

Markets

November 09, 2022
Renault’s QM6 sales stay strong

Renault Korea said Tuesday it sold a total of 2,007 units of the QM6 in October, as the top-selling LPG SUV increasingly appeals to drivers with its spacious interior and comfortable driving. The sales figure accounted for nearly half of the total car sales of the French carmaker, at 4,339 last mo...
November 09, 2022
LG Display develops world’s first stretchable high-resolution display

LG Display said Tuesday that it has developed the world’s first high-resolution stretchable display that can be elongated by 20 percent, a technological breakthrough with numerous potential industrial uses. According to the company, the full-color 12-inch display can be extended to a size of 14 i...
November 09, 2022
Itaewon businesses survey disaster's aftermath

Having lived in South Korea since 2005, Chris Truter set up a restaurant dedicated to celebrating the cuisine of his native country South Africa in central Seoul's Itaewon neighborhood soon after marrying his Korean wife and deciding to permanently settle in the country. His restaurant, Braai Repu...
November 08, 2022
SK Telecom CEO vows all-out transformation to become AI leader

South Korea’s largest telecommunications carrier SK Telecom will undergo a head-to-toe transformation to become a leading artificial intelligence company, the CEO said Monday. “We will leap into SKT’s version of a distinguished AI company that combines AI with connective technologies based on o...
November 08, 2022
Biz groups step up pressure for corporate tax breaks

Major business lobby groups on Monday urged the National Assembly to swiftly approve a corporate tax reduction bill that the Yoon Suk-yeol administration introduced in July to help local businesses better respond to widespread fears of an economic recession on time. The nation’s six business grou...
November 08, 2022
US expansion matter of when, not if: Samsung Biologics

Samsung Biologics, the world's leading contract development and manufacturing organization by production capacity, is reviewing overseas expansion options with a determined will to set up a production foothold in the US in the future. "The US expansion is happening eventually. It's not about 'if.'...
November 08, 2022
ASML CEO to visit Seoul next week

Dutch chip equipment giant ASML Holding’s CEO Peter Wennink will visit South Korea next week to attend the groundbreaking ceremony of the company’s new Korean headquarters, located in Hwaseong, Gyeonggi Province, that aims to bolster responsiveness to local client demands. Korea is home to Samsu...
November 08, 2022
Hanwha to complete on-site inspection on DSME this month

South Korea's defense-to-energy conglomerate Hanwha Group is expected to complete on-site inspection on Daewoo Shipbuilding & Marine Engineering this month, with plans to finish the acquisition process within the first half of next year, industry sources said Monday. Hanwha began inspection on DSM...
November 08, 2022
Hyundai Glovis to enter EV battery recycling market

Hyundai Glovis is entering the fast-growing recycling market for used electric vehicle batteries by developing a renewable energy complex and power grid models in Shinan-gun, South Jeolla Province, the company said Monday. Joining hands with Korea Hydro & Nuclear Power, Sinan County Office and LS ...
November 08, 2022
Naver CEO voices confidence in data backup

Naver CEO Choi Soo-yeon on Monday underscored the IT giant’s data stability, pointing out that the company’s services are being provided soundly. “Established in 2013, data center Gak (Chuncheon) plays a linchpin role in offering (Naver’s) various services stably. With the high level of data b...
November 08, 2022
Unity poised to help creating innovative games

Unity Technologies, developer of world-leading 3D graphics engines, discussed ways to improve the optimization and convenience for creators using its game-making tools at its annual Unite conference, the company’s Korea branch said Monday. The in-person Unite 2022 conference took place in Austin,...
November 08, 2022
Digital capability guarantees stable tax revenue: NTS chief

SEJONG -- The chief of Korea’s tax administrative agency said Monday that the transition to a non-face-to-face economy during the COVID-19 pandemic further increased the importance of digital-based tax administration. National Tax Service Commissioner Kim Chang-ki stressed the digitization of tax...
November 08, 2022
Daesang to launch JV in Poland for kimchi production

South Korea's leading kimchi maker Daesang said Monday it signed an agreement with a Polish food company to establish a joint venture to sell kimchi in Europe. Named "Daesang ChPN Europe," the joint venture will be 76 percent owned by Daesang and 24 percent owned by Charsznickie Pola Natury (ChPN)...
November 08, 2022
FSS plays down spillover risk amid shrinking liquidity

A default reported by a state-backed local developer in early October had led to signs of a decline in liquidity in the bond and short-term money markets, prompting the government to inject at least 50 trillion won ($35.8 billion) into the wider financial market. The developer building a Legoland t...
November 07, 2022
'Like the iPhone did, robots will open a new market'

The first iPhone, introduced in 2007, wowed markets around the world because it had everything that people wanted. The very first smartphone combined everyday features in one single palm-sized device, opening a new era for humanity to pursue technology-driven lives. The next revolutionary technolo...

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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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