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The Korea Herald

Markets

February 22, 2024
LG Energy Solution, suppliers seek to create sustainable value for clients

South Korea’s top battery maker LG Energy Solution is committed to a management policy focused on sustainable growth with its partner firms, driven by a spirit of cooperation and mutual growth. The company said it aims to bolster the competitiveness of its suppliers, even amid management uncertai...
February 22, 2024
SK Ecoplant, SK hynix forge renewable energy alliance

Korean energy and environmental solutions provider SK Ecoplant formed a power purchase agreement with its sister firm SK hynix to facilitate the provision of renewable energy, thereby aiming to become the leading RE100 solutions provider, the firm announced Wednesday. The signing ceremony was atte...
February 22, 2024
Mirae Asset Global X names Goldman veteran as new CEO

Mirae Asset Global Investments announced Wednesday that it has named Ryan O'Connor, the former global head of ETF products at Goldman Sachs, as the new CEO of its US-based exchange-traded fund subsidiary, Global X. The latest appointment comes after a thorough selection process within Global X's r...
February 22, 2024
Hyundai, KAIST work on self-driving sensors

Hyundai Motor Group’s automakers -- Hyundai Motor and Kia -- have joined forces with the Korea Advanced Institute of Science and Technology to establish a joint laboratory to develop the next generation of sensors for light detection and ranging, of lidar. According to their announcement Wednesda...
February 22, 2024
Korea to facilitate easier currency trading for foreigners

Foreigners seeking to invest in the Korean capital markets will be able to exchange foreign currencies for Korean won more easily starting in the next quarter, according to the South Korean government on Wednesday. The revision comes as part of the government's efforts to enhance efficiency and st...
February 22, 2024
More South Korean men become stay-at-home dads

More men are reporting themselves as "economically inactive" -- those not working nor seeking work -- to provide full-time parenting for their children, data showed Wednesday. The number of men who were economically inactive in 2023 citing child care stood at around 16,000, according to Statistics...
February 22, 2024
Toss Bank taps ex-DGB CFO as new CEO

Toss Bank, the internet-only banking arm of fintech firm Viva Republica, said Wednesday it has appointed Rhee Eun-mi, former chief financial officer of DGB Daegu Bank, as its new CEO. The bank’s CEO recommendation committee picked Rhee as the sole candidate for the next top leadership position in...
February 21, 2024
SK Telecom, NTT Docomo unveil white paper on vRAN

SK Telecom said Tuesday that it has jointly released a technical white paper with Japan's No. 1 mobile operator, NTT Docomo, for the adoption of the virtualized Radio Access Network. The joint white paper, titled “Key Considerations for vRAN,” marks two years of cooperation on the metaverse, mob...
February 21, 2024
Starbucks Korea supports over 400 employees in pursuing higher education

Starbucks Korea on Tuesday said more than 400 employees have successfully attained their bachelor's degrees through a tuition assistance program in collaboration with Hanyang Cyber University. In the fall of 2016, Starbucks Korea signed a partnership with Hanyang Cyber University, under which the ...
February 21, 2024
Naver Webtoon eyes Nasdaq listing in June

South Korean internet giant Naver is pushing to have its online comics operator Webtoon Entertainment go public on the US Nasdaq as early as June, according to a recent Bloomberg report. Webtoon Entertainment is the head office for the online comics business Naver Webtoon, and has been based in Lo...
February 21, 2024
Korean Air to finalize Asiana cargo biz sale by October

Flag carrier Korean Air, having recently secured conditional approval from the European Union's antitrust regulator for its merger with Asiana Airlines, is mandated to initiate the sale of Asiana Airlines' cargo division as part of the conditions for approval. According to sources in the investmen...
February 21, 2024
LG Innotek develops new camera module for self-driving cars

LG Innotek said Tuesday it has developed a cutting-edge direct-heating camera module designed for autonomous vehicles, which can quickly remove frost and snow from the lens. The latest module is an optimized version of the Advanced Driver Assistance Systems cameras, equipped with a heater to promo...
February 21, 2024
[KH Explains] Will BYD redefine EV affordability in Korea?

Even those unfamiliar with the world's largest electric vehicle maker BYD Auto may have noticed their commercial electric buses that have been navigating city streets in Korea since 2017. Now the Chinese automaker, known for its exceptional affordability, is reportedly entering the broader consume...
February 21, 2024
Samsung chief's return to board pushed back as trial continues

On the same day, Samsung’s Compliance Committee kicked off its third term, holding its first regular meeting. Lee Chan-hee has been reappointed to lead the committee for the second consecutive term, along with other members. Han Sung-hwan, the president of Samsung Life Public Welfare Foundation, ...
February 20, 2024
Advertisers pressured to boycott Lee Kang-in

Several advertisers are facing pressure to cancel their contracts with South Korean soccer star Lee Kang-in, following the 23-year-old’s alleged discord with national soccer team captain Son Heung-min. According to industry officials on Monday, some companies intending to feature the Paris Saint-...

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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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