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The Korea Herald

Markets

February 20, 2024
Hyundai Motor, Supernal in search of best talents for advanced air mobility

Hyundai Motor Group and its US-based advanced air mobility subsidiary Supernal are ramping up efforts to attract top urban air mobility talents as they aim to debut flying taxis in South Korea and the US in 2028. According to Hyundai Motor Group’s online recruitment notice on Monday, the company ...
February 20, 2024
Samsung’s foldable display boasts US military-grade durability

Samsung Display on Monday said its foldable panel for smartphones has passed the US military’s material durability test, proving its strength in withstanding the harsh conditions of operational and combat zones. According to the display maker, its 7-inch foldable panel used in the latest foldable...
February 20, 2024
Samsung’s first integrated labor union sets sail

A labor union comprising workers of four Samsung Group affiliates was officially launched Monday, as employees seek ways to break away from the unreasonable relationship between workers and management. Samsung Group United Union, representing Samsung Electronics' Device Experience division, Samsun...
February 20, 2024
Coupang, Yuhan join labor policy-focused business lobby

E-commerce giant Coupang and pharmaceutical firm Yuhan Corp. are set to join the Korea Enterprises Federation, a business lobby representing over 4,000 businesses here, according to industry sources on Monday. Some 10 firms, including Coupang, have submitted membership applications to the group, w...
February 20, 2024
8 in 10 builders struggle to pay back debt interest

Eight out of ten construction firms here said they are experiencing difficulties in paying debt interest, according to a local survey released on Monday. According to the Federation of Korean Industries' survey involving 102 construction companies among the top 500 construction firms, 76.4 percent...
February 19, 2024
Korean telcos to show off latest AI tech at MWC

LG Uplus will not set up a showroom this year, but its CEO Hwang Hyeon-sik and senior executives will participate in the event and hold meetings with potential partners, including Google and Amazon Web Service, for collaboration, the company said. "MWC 2024 is an important event where we can check...
February 19, 2024
English service enhanced for electronic disclosures

The Financial Supervisory Service announced Sunday an updated plan aimed at providing foreign investors with more English information on financial disclosures, as part of efforts to facilitate foreign investment in Korean companies. The initiative to provide English services commenced in January 2...
February 19, 2024
Samsung Bioepis posts record-high biosimilar sales

Overseas biosimilar sales of Samsung Bioepis, a biosimilar developer under Samsung Group, reached an all-time high in 2023, according to its partner companies on Sunday. According to Samsung Bioepis’ US partners, Biogen and Organon, sales of Samsung Bioepis’ biosimilar products in overseas marke...
February 19, 2024
[Herald Interview] ‘Korea needs to power up defense academia’

South Korea now should focus on fostering defense academia and young talents to become a leader in the global defense industry, says Kang Eun-ho, former chief of the Defense Acquisition Program Administration. “In the past, Korea followed a catch-up strategy (in advancing its defense industry), w...
February 19, 2024
US commercial property crisis looms over Korea

Under this circumstance, the local financial watchdog has stepped up its oversight of the financial sector and is currently scrutinizing individual investments made by local financial firms. Recently, a local insurance firm faced sanctions from the Financial Supervisory Service due to poor risk man...
February 18, 2024
Hyundai takes over Mobis' hydrogen fuel cell business

Hyundai Motor Company has acquired a hydrogen fuel cell business from the group's affiliate and auto parts supplier Hyundai Mobis at 217 billion won ($163 million) to consolidate the group's hydrogen energy efforts. The agreement, finalized on Friday, includes a complete transfer of assets, person...
February 18, 2024
K-water CEO meets Saudi ambassador to help with country's water challenges

Korea Water Resources, the state-run water management agency also known as K-water, had a meeting with the Saudi Arabian ambassador to Korea to discuss water concerns and request support for Saudi Arabia's bid to host the World Water Forum in 2027. K-water announced Friday that CEO Yun Seog-dae me...
February 18, 2024
Samsung Display may face another labor strike over wage deadlock

Samsung Display is on the verge of facing its second-ever labor strike, as unionized workers and the company failed to reach an agreement in wage talks and collective negotiation. The unionists held a fifth round of talks over wages and collective bargaining agreements on Thursday with the display...
February 18, 2024
Samsung chief inspects bio biz site, urges employees to go beyond limits

Samsung Electronics Chair and Samsung Group leader Lee Jae-yong on Friday visited the group’s biotech arm in Incheon, calling on executives and staff members to set higher goals after the unit posted all-time high earnings last year. At Samsung Biologics’ biopharmaceutical campus in the Songdo I...
February 18, 2024
SK Networks to morph into AI investment firm

SK Networks unveiled its vision to transform into an artificial intelligence-centered business investment firm on Friday and mapped out a plan to triple its operating income to 700 billion won ($524 million) by the end of 2026. “Based on the innovative foundation of our business model, we will co...

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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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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099