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The Korea Herald

Markets

February 27, 2024
Posco International to expand motor core plants in Mexico, Poland

Posco International's new president, Lee Kye-in, has initiated the global expansion of the traction motor core business by establishing operations in Poland and Mexico as his inaugural strategic move. At a board meeting on Friday, the trading arm of the Posco Group authorized the establishment of ...
February 27, 2024
Zuckerberg to discuss developing mixed reality headset with LG chief

Mark Zuckerberg, CEO of Meta, formerly Facebook, is expected to meet with LG Electronics CEO Cho Joo-wan to discuss joint development of an advanced mixed reality headset, according to industry sources on Monday. LG Electronics said it is currently arranging a meeting of the two leaders, as Zucker...
February 27, 2024
[KH Explains] India: Make-or-break market for Krafton

South Korean game developer Krafton logged surprise earnings in the fourth quarter of last year thanks to the revival of PUBG: Battlegrounds, a battle royale shooter game. In particular, Kratfon highlighted the rise of Battlegrounds Mobile India, or BGMI, as one of the key factors that drove the r...
February 27, 2024
New regulation on housing loans comes into force

South Korea has tightened household debt regulations with the introduction of "stress interest" to the debt service ratio system across the banking sector, effective Monday. The Financial Services Commission has implemented the stress DSR system, which imposes surplus interest -- called stress int...
February 27, 2024
Samsung joins global AI-RAN alliance to lead 6G technology

Samsung Electronics said Monday it has formed an alliance with global Big Tech firms to research sixth-generation technology and create an ecosystem through the convergence of artificial intelligence and wireless communication technologies. The AI-RAN alliance was officially launched at the Mobile...
February 27, 2024
Hyundai E&C share jumps on potential Bulgarian deal

Hyundai Engineering & Construction shares jumped Monday as the company has been tapped as the preferred bidder for a $14 billion worth nuclear plant project in Bulgaria. The builder's shares ended at some 34,000 won ($25.5) on Monday, around 2 percent higher than last week. On Sunday, the company...
February 27, 2024
CJ CheilJedang's instant rice sets sales record on overseas demand

South Korean food giant CJ CheilJedang's cooked rice product line, Hetbahn, achieved record-breaking annual sales of 850.3 billion won ($639 million) in 2023, significantly contributing to the growth in global sales, the firm announced Monday. Based on the firm's report, Hetbahn’s overseas sales ...
February 27, 2024
SKT-led global AI alliance to form JV

A global alliance led by South Korean mobile carrier SK Telecom agreed to establish a joint venture within the year to develop large language models tailored to the needs of telecommunications companies. The Global Telco AI Alliance, which was launched in Seoul in July last year, held its inaugura...
February 27, 2024
Ex-ministry official to join Hyundai’s global policy team

Hyundai Motor Group said Sunday that Woo Jung-yeop, a former director-general for strategy at South Korea's Ministry of Foreign Affairs, is joining its Global Policy Office as a senior vice president. This appointment, effective Monday, is part of Hyundai's efforts to strengthen its response to gl...
February 26, 2024
Korea's BBQ Chicken tops US fast-food chicken ranking: magazine

In a significant achievement for South Korean cuisine, BBQ Chicken has topped a fast-food chicken ranking in the United States, the Korean fried chicken franchise announced Monday. Genesis BBQ Group, the franchise operator, said BBQ was selected as No.1 fast-food chicken by a prestigious American ...
February 26, 2024
Korea's tech exports reach record $15.2b in 2022

South Korea's tech exports surged to a new peak of $15.2 billion in 2022, with a 2 percent increase driven by heightened sales to the United States, government data revealed on Monday. Tech imports grew by 5 percent to $19.6 billion during the same period, leading to a 17.1 percent expansion in th...
February 26, 2024
[From the Scene] Posco Future M automates as it eyes cathode crown

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
February 26, 2024
Resignations at Google Cloud Korea spark concern

Resignations continue at Google Cloud Korea as three chiefs so far have left their posts in the four years after serving as short as 10 months amid its grappling market share, according to industry sources on Sunday. As Kang Hyoung-jun, managing director of Google Cloud Korea, who took office in A...
February 26, 2024
Kia’s eco-friendly Niro hits 1 million units sold

Kia's Niro, an eco-friendly sports utility vehicle lineup featuring exclusively green powertrains, has reached a milestone by surpassing 1 million global sales in eight years after its launch, primarily fueled by the popularity of its hybrid model. According to Kia on Sunday, the Niro tallied 1,08...
February 26, 2024
French ambassador visits Renault Korea's Busan plant

French Ambassador Philippe Bertoux visited the Renault Korea Motors plant in Busan on Friday, highlighting the facility's role in the automotive industries of both South Korea and France, and its position within the global Renault Group network. The visit was accompanied by Renault Korea Motors CE...

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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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