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The Korea Herald

Markets

February 13, 2024
Citibank Korea sweeps Asset magazine's Triple A Awards

Citibank Korea and its sister firm Citigroup Global Markets Korea won six awards in the Korean market from a leading financial magazine in recognition of their endeavor in sustainable finance, the Korean unit of US banking giant Citigroup said Thursday. At the Asset magazine’s 2024 Triple A Award...
February 13, 2024
Anticipation grows over Samsung chief's next move

As the legal charges have been cleared for Samsung Electronics Chairman Lee Jae-yong in a recent ruling, anticipation is growing that the tech giant will now go in search for mega mergers and acquisitions to secure future growth engines at full throttle. The Seoul Central District Court this week ...
February 13, 2024
[KH Explains] Why Korea’s platform act faces backlash at home, abroad

Skepticism has grown over the platform act, as the nation’s antitrust watchdog hints at a thorough review of the most contentious aspect of the bill: the preliminary designation of “monopolistic” online platform operators. The Fair Trade Commission on Wednesday announced its decision to review ...
February 13, 2024
Daewoo E&C chairman seeks bigger footing in India

Daewoo Engineering & Construction's Chairman Jung Won-ju, who doubles as vice chairman of Jungheung Group, met with India’s top government officials to tap into new infrastructure project opportunities in the country, the South Korean builder said Thursday. On Friday, Jung met with Dammu Lavi, th...
February 13, 2024
US closes engine fire probe into Hyundai, Kia vehicles

The US auto safety authorities have closed a probe into engine fire risks on Hyundai Motor and Kia vehicles as the South Korean automakers’ recalls have lowered fire rates, according to Reuters Thursday. The National Highway Traffic Safety Administration said the majority of the recalled Hyundai ...
February 13, 2024
Foreign investors rush to ‘undervalued’ stocks

Foreign investors have been racking up “underperforming shares” on the Kospi, Korea’s main bourse, backed by increased expectations of the government’s initiative to boost the local stock market. Since the government late last month vowed to come up with new measures to tackle the "Korea disco...
February 13, 2024
Top 10% of creators take 76 percent of content profits: data

The top 10 percent of content creators accounted for 76 percent of all creators’ total income in 2022, according to data released Thursday. The National Tax Service data, obtained and released by Rep. Yang Kyung-sook of the Democratic Party of Korea, put the number of people who reported income a...
February 13, 2024
Inexpensive whiskey brands target Korean budget sippers

South Korean whiskey providers are searching for new import markets like those in Taiwan, India, Spain and Australia, as consumers here crave new varieties at reasonable prices. “Local demands for affordable whiskey products are increasing with the surge of people consuming highball cocktails. Ye...
February 13, 2024
Untamed food prices eclipse Seollal

A better-than-expected inflation report for January bolstered hopes that price hikes is near its end -- but consumers are still wary as the cost for some food items for Lunar New Year ceremonies continues to soar. “I have visited two different discount stores and searched online shopping platform...
February 13, 2024
DGB seeks approval to convert to commercial bank

DGB Daegu Bank, a regional lender, has sought regulatory approval for its transition to a commercial bank, with plans to commence nationwide operations as early as April. The bank's parent company, DGB Financial Group, on Wednesday announced it had applied with the Financial Services Commission to...
February 13, 2024
Rolls-Royce unveils 2024 Year of the Dragon exclusive editions

The dragon motif even extends to the Starlight Headliner, a signature feature of Rolls-Royce, which in this series features a constellation of lights arranged to depict the silhouette of a dragon. This creates a semi-virtual experience for the passengers as if cruising under a celestial dragon. Re...
February 08, 2024
Samsung Biologics, LegoChem team up to develop new targeted cancer drugs

Samsung Biologics, South Korea's largest contract development and manufacturing organization, said Wednesday that it has signed a contract with LegoChem Biosciences to develop antibody-drug conjugate -- or simply ADC -- therapeutics, designed as targeted treatment for cancer. LegoChem Biosciences,...
February 08, 2024
FTC hints at review of anti-monoply platform act

South Korea's antitrust regulator on Wednesday said it would review its proposed act aimed at regulating monopolistic practices by major online platform players before making a further legislation push, as opposition voices grow. “We’re communicating extensively with the (related) industries her...
February 08, 2024
GM chair meets battery partners in 1st Seoul visit

General Motors CEO Mary Barra visited South Korea to meet the automaker’s Korean battery manufacturers -- LG Energy Solution and Samsung SDI -- to strengthen their partnerships further and discuss the global electric vehicle transition amid slowing EV growth. According to industry sources, the GM...
February 08, 2024
Kakao Bank racks up record earnings on mortgage sales

Kakao Bank, South Korea's internet-only bank, announced on Wednesday it achieved a record-high net profit of 354.9 billion won ($267.67 million) last year, a 34.9 percent increase from a year earlier. Its operating profit also soared by 35.48 percent to 478.5 billion won. The online lender's cred...

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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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