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The Korea Herald

Markets

February 08, 2024
HMM sale slips off table

The sale of top container shipper HMM drifted away late Tuesday, as negotiations between two state agencies and a local consortium broke off after weeks of remaining at odds over the terms. The state-run Korea Development Bank and Korean Ocean Business Corp. holding a combined 57.9 percent stake i...
February 08, 2024
Stage X defies skepticism, vows to launch service in H1 next year

Stage X, a consortium comprising Kakao affiliate Stage Five and other unidentified companies, selected as the new operator of the 28 gigahertz band of the fifth-generation network in South Korea, said on Wednesday it would launch a nationwide telecommunications service in the first half of 2025. “...
February 08, 2024
Samsung chief heads to Middle East after cleared of merger case charges

Samsung Electronics Chairman Lee Jae-yong took off on a business trip to the Middle East and Southeast Asia shortly following Monday’s court ruling that cleared him of stock manipulation charges in a high-profile 2015 merger deal. According to industry sources on Wednesday, Lee took off to the Un...
February 08, 2024
Lotte to sell off 7-Eleven's ATM unit

As part of its business restructuring aims for this year, Lotte Group has decided to sell the ATM business of Korea Seven, formerly known as Lotte PSNet, which oversees the operation of the nation’s 7-Eleven convenience stores. According to Lotte Corp. on Wednesday, the group recently appointed a...
February 08, 2024
HD Hyundai to set up relief fund for shipyard accidents

South Korean shipbuilding giant HD Hyundai said Wednesday that it will set up a foundation to support bereaved families of victims of industrial accidents at shipyards – the first of its kind within the industry. According to the group, the idea was proposed by HD Hyundai Chairman and co-CEO Kwon...
February 07, 2024
SK hynix to increase use of recycled materials to 30% by 2030

SK hynix, the world's second-largest memory chip maker, on Tuesday announced that it would increase its proportion of materials accounted for by recycled materials to over 30 percent by 2030. The target, as part of the company’s carbon neutrality goal, is the first of its kind set by a semiconduc...
February 07, 2024
Samsung Heavy Industries bags W4.6tr LNG carrier order

Samsung Heavy Industries scored a 4.57 trillion won ($3.43 billion) order with a Middle Eastern shipowner -- the single largest contract in its history -- to build 15 liquefied natural gas carriers, the South Korean shipbuilder said Tuesday. The 174,000-cubic-meter LNG carriers will be delivered t...
February 07, 2024
High foreign reservations buoy Seollal tourism boom

Meanwhile, the Korea Tourism Organization anticipates an influx of some 85,000 Chinese tourists during the Chinese New Year holiday, which takes place from Feb. 10 to 17 this year. Among the Chinese visitors, trips to Seoul and Jeju Island have been chosen as the most popular destinations. In addi...
February 07, 2024
The Korea Herald, iStaging team up for VR technology in new media

By Hwang Joo-young ( flylikekite@heraldcorp.com )
February 07, 2024
From bees to polar bears, Korean banks' love of animated characters

Top financial groups here have put forward animated characters as their faces in a bid to woo a wider range of customers. Woori Financial Group has recently brought back its band of animated characters, WiBee Friends, pulling them out of a six-year hiatus. Woori Bank CEO Cho Byung-kyu pushed for t...
February 07, 2024
Hanwha Ocean propels Navy with stealth submarines, frigates

Hanwha Ocean, the South Korean maritime defense systems provider, is playing a vital role in modernizing the nation’s naval prowess by providing advanced stealth submarines and multi-purpose warships. For more than four decades, the company has been building vessels for the Navy, with the most re...
February 07, 2024
Woori mulls acquiring Korea Foss Securities

Woori Financial Group is actively considering the acquisition of local online brokerage firm Korea Foss Securities, in a move to add a missing puzzle piece -- a securities arm -- as a leading banking giant. "We are reviewing all potential companies (for acquisition) to make inroads into the (secur...
February 07, 2024
Hanshin C&E cements foothold in Southeast Asia

With decades of know-how in the infrastructure building business, Hanshin Construction & Engineering is taking a big leap by tapping deeper into the Southeast Asian market and diversifying its business portfolio. Hanshin C&E Chairman Choi Yong-sun singled out Indonesia and Ukraine as the builder’...
February 06, 2024
LS targets N. America with Mexican EV parts plant

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
February 06, 2024
Hahn & Co. makes offer to buy SsangYong C&E stakes

Hahn & Co., the nation's largest private equity firm based on assets under management, launched a bid on Monday to take full ownership of cement producer SsangYong C&E, offering over 700 billion won ($525 million) for the shares it does not hold. Hahn & Co. will offer 7,000 won per share for the c...

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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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