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The Korea Herald

Markets

February 06, 2024
Lotte Global Logistics new CEO vows global push

Lotte Global Logistics' new CEO Kang Byoung-ku pledged to take its logistics networks to a new level for oversea expansion while tapping into cross-border e-commerce business on his first day in office. “I promise to establish Lotte Global Logistics as a leading company in the global logistics in...
February 06, 2024
GNT Pharma partners with Pfizer for animal drug development

GNT Pharma said Monday that the company has signed an agreement with Pfizer's contract manufacturing arm for overseas production of the company’s veterinary medication GedaCure. Under the recent agreement, Pfizer CentreOne, which has production facilities in around 30 countries, will provide GNT ...
February 06, 2024
CJ’s Miky Lee wins Abu Dhabi Festival Award

ABU DHABI -- Miky Lee, vice chair of CJ Group and its entertainment and media subsidiary CJ ENM, has won this year’s Abu Dhabi Festival Award, a top honor offered to individuals in recognition of their outstanding contributions to culture and the arts. The Abu Dhabi Music & Arts Foundation held t...
February 06, 2024
KCC chief reiterates call to abolish handset subsidy ban

Broadcasting watchdog chief said Monday that scrapping the controversial handset subsidy ban can provide "greater benefits" to consumers as the removal would boost competition among mobile carriers to lower smartphone prices to sell more. "The Mobile Device Distribution Improvement Act was legisla...
February 06, 2024
FSS officials to visit Hong Kong in short selling probe

South Korean financial regulators are set to collaborate with their counterparts in Hong Kong as part of its ongoing investigation into illegal short selling involving Hong Kong-based companies. The Financial Supervisory Service on Monday announced plans to dispatch working-level officials to Hong...
February 06, 2024
Hyundai Motor India to go public this year: reports

Hyundai Motor India, South Korean conglomerate Hyundai Motor Group’s local subsidiary, is planning to float its shares in an initial public offering on the Indian stock market before the end of this year, according to reports Monday. Citing unnamed sources, The Economic Times reported that a grou...
February 06, 2024
Court clears Samsung chief of all charges

A Seoul court acquitted Samsung Electronics Chairman Lee Jae-yong of all charges related to a 2015 merger fraud case on Monday, clearing the path for the country's biggest tech giant to push forward with investment for future technologies. In the final verdict handed down at 2:55 p.m., judges at t...
February 06, 2024
[Gadget Review] Real-time call translation: SKT A. vs. Galaxy S24 Ultra

Still, with the translation service's support, this reporter was able to book a high-rise, nonsmoking room. As could be expected, the translation service prolonged the duration of the call. For a 10-sentence exchange, it took about 2 minutes and 20 seconds on A., whereas it took about 2 minutes vi...
February 05, 2024
Court to rule on Samsung chief's alleged 2015 merger fraud

A Seoul district court is set to deliver a decisive ruling on Monday for Samsung Electronics Chairman Lee Jae-yong over the 2015 merger fraud case, under which he could face a prison term. The Seoul Central District Court will issue its decision on Lee, along with 14 current and former employees o...
February 05, 2024
[KH Explains] US Election: calm before the storm for Korean auto, battery makers

South Korean automakers and battery firms are closely monitoring this year's US presidential election and calmly bracing for negative impacts in the case of the Joe Biden administration’s Inflation Reduction Act possibly being repealed in a second Donald Trump term. The IRA, which is intended to ...
February 05, 2024
GM Korea unveils 2024 roadmap with four new vehicles

General Motors will release four new vehicles in South Korea this year including two electric vehicles as the global automaker looks to expand its presence in the local market, GM's Korean office said Friday. "We plan to strengthen GM’s presence in the fiercely competitive domestic market and mee...
February 04, 2024
Toss kicks off IPO process, eyes 2025 listing

Viva Republica, the operator of financial technology app Toss, has kicked off procedures for an initial public offering, having selected lead underwriters. Securities firms estimate that the company's valuation could reach up to 20 trillion won ($15.1 billion). Viva Republica selected crosstown ri...
February 04, 2024
Naver to make global push with generative AI

Naver CEO Choi Soo-yeon on Friday expressed her determination to strengthen the tech giant's services based on generative artificial intelligence this year, with aims to tap deeper into the global market. "We are constantly taking on new challenges to take a big step forward as a global company," ...
February 04, 2024
Hahn & Co. completes aquisition of SKC’s fine ceramics biz for W360b

Hahn & Co., the nation's largest private equity firm based on assets under management, announced Friday that it has acquired 100 percent stake in SKC's fine ceramics business for 360 billion won ($270 million). SKC operates as the semiconductor material arm under SK Group, the country's second-lar...
February 04, 2024
Merck to expand investment in AI chip leading Korean market

Merck, a leading science and technology company based in Germany, said Friday it will continue to invest in Korea, the home of the world's two largest memory chip producers Samsung Electronics and SK hynix, in line with the expansion of investment by its Korean clients due to rising demand for arti...

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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