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The Korea Herald

Markets

February 18, 2024
LS Cable, Germany’s VAC team up for EV magnets

LS Cable & System, through its subsidiary LS Eco Advanced Materials, has partnered with European magnet manufacturer Vacuumschmelze to create a joint venture aimed at making special magnets needed for electric vehicles. Announced on Wednesday, this partnership will start producing 1,000 tons of ne...
February 18, 2024
Bithumb hits stumbling block in ambition to be market No. 1

Bithumb Korea, the operator of the country’s No. 2 cryptocurrency exchange Bithumb, has failed to seal a deal with major local lender KB Kookmin Bank for issuance of real-name accounts, jeopardizing its plan to attract more traders. KB Kookmin Bank informed Bithumb last week that it will not part...
February 18, 2024
Posco Future M’s ESG efforts recognized by S&P Global

By Park Se-ra ( serap1005@heraldcorp.com )
February 18, 2024
SK-backed Sapeon to develop on-device AI chip

Sapeon, a fabless startup backed by South Korean telecom-to-chip conglomerate SK Group, said Friday it would develop a new semiconductor optimized for on-device artificial intelligence as the market has been witnessing significant growth in recent years. The company said it was selected to get sup...
February 18, 2024
CJ appoints two new CEOs for group's core companies

CJ Group has named two new CEOs to lead its key units -- CJ CheilJedang and CJ Logistics -- as part of its annual personnel reshuffle announced on Thursday. Kang Sin-ho, currently the CEO of CJ Logistics, has been promoted to vice chairperson of CJ CheilJedang and will assume the role of CEO at th...
February 18, 2024
Hyundai Motor to cut foreign chip reliance with local push

South Korea's Hyundai Motor Group has initiated a project aimed at significantly boosting the local production and procurement of automotive semiconductors from early this year, according to industry sources on Friday. Challenges stemming from the auto group's heavy reliance on international suppl...
February 18, 2024
BBQ's delivery-only outlet opens in Vietnam

Korea's fried chicken franchise BBQ Chicken has opened a BBQ Smart Kitchen store specializing in delivery orders and takeout services in Vietnam, marking its Southeast Asian debut to tap into the rapidly growing delivery market. Genesis BBQ announced Friday the recent opening of its BBQ Gardenia b...
February 16, 2024
Activist funds demand W1tr Samsung C&T payout

A tense faceoff between shareholders and Samsung C&T management is expected, as five foreign activist funds have teamed up to demand the Korean firm return its profit to shareholders through dividends and a share buyback program that would amount to some 1.2 trillion won ($900 million). In a regul...
February 16, 2024
Korean stock market could duplicate Japan's bull run: Shinhan chief

Shinhan Financial Group Chairman Jin Ok-dong believes that undervalued Korean stocks including his banking group’s shares could gain impetus with the government’s strong drive with its upcoming market revamp program aimed at creating a new investment wave. With the Korean financial authorities s...
February 16, 2024
Is shareholder activism finally taking hold in South Korea?

South Korean companies are facing increasing shareholder activism with the government's recent push for improvements in corporate governance expected to fuel the trend, according to industry experts on Thursday. A report released Thursday by Diligent Market Intelligence, a solution from governance...
February 16, 2024
Is shareholder activism finally taking hold in South Korea?

South Korean companies are facing increasing shareholder activism with the government's recent push for improvements in corporate governance expected to fuel the trend, according to industry experts on Thursday. A report released Thursday by Diligent Market Intelligence, a solution from governance...
February 16, 2024
Korean stock market could duplicate Japan's bull run: Shinhan chief

Shinhan Financial Group Chairman Jin Ok-dong believes that undervalued Korean stocks including his banking group’s shares could gain impetus with the government’s strong drive with its upcoming market revamp program aimed at creating a new investment wave. With the Korean financial authorities s...
February 16, 2024
Toss Securities logs first annual profit

Toss Securities saw its first profitable year since it started service three years ago by logging 1.53 billion won ($1.15 million) in net profit last year, it said on Thursday. Sales rose by 58 percent on year to 202 billion won in the same period, with the operating loss narrowed by 31.3 billion ...
February 16, 2024
S-Oil CEO calls for continued incentives on long-term investments

S-Oil has called for continued incentives from the South Korean government to vitalize large-scale projects and investments in the new energy sector. “Expanding incentive supports such as extending the tax credit period for investment in large scale projects that take place over a long period of ...
February 16, 2024
Activist funds demand W1tr Samsung C&T payout

A tense faceoff between shareholders and Samsung C&T management is expected, as five foreign activist funds have teamed up to demand the Korean firm return its profit to shareholders through dividends and a share buyback program that would amount to some 1.2 trillion won ($900 million). In a regul...

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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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