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The Korea Herald

Markets

February 04, 2024
Posco International to invest W1tr in energy sector expansion

Posco International, the trading arm of Posco Group, is poised to invest 1 trillion won ($755 million) exclusively in the energy sector this year, paving the way to establish itself as a globally recognized eco-friendly conglomerate in its key business area. The company outlined its business plans...
February 02, 2024
Posco’s six chairman candidates unveiled

Posco veterans, outsiders to vie for top seat at steel giant Posco Holdings has confirmed a total of six finalists to compete for the Korean steel giant's top post, as the current Chairman Choi Jeong-woo’s official term is due to expire in March. On Wednesday, the company's CEO Recommendation Co...
February 02, 2024
Hyundai sticks to quality-driven pricing in US with new Santa Fe

Hyundai Motor continues to implement a premium pricing strategy emphasizing brand power and quality in global markets, as the automaker unveiled the pricing for the all-new 2024 Santa Fe sport utility vehicle which is substantially more costly than both its predecessors and South Korean counterpart...
February 02, 2024
Kakao Healthcare plans to debut diabetes app in Japan

Kakao Healthcare, the digital health care unit under platform giant Kakao, on Thursday launched an artificial intelligence-based mobile blood sugar management service, PASTA, in Korea, hinting at plans for its overseas debuts in Japan and other countries. “Health care costs attributable to diabet...
February 02, 2024
Will cheaper foldable phones become a reality?

Despite Samsung’s repeated denials, speculation grows on more affordable foldable phones to take on Chinese rivals But he agreed it would be a tricky decision for Samsung to launch a cheaper foldable phone after years of premium marketing, especially as the Chinese runners-up are still struggling...
February 01, 2024
Posco Future M hits record sales in 2023

Posco Future M said Wednesday it broke the record in revenue last year, driven by large-scale supply deals of electric vehicle battery materials. According to the company’s earnings report, annual sales revenue soared 44.2 percent on-year to 4.76 trillion won ($3.57 billion). In particular, sales...
February 01, 2024
Daewoo E&C, Nigerian Petroleum reaffirm joint project goals

Daewoo Engineering & Construction CEO Baek Jung-wan and Nigerian National Petroleum Corporation’s Group General Manager Mele Kolo Kyari reaffirmed their commitment to their ongoing joint oil and gas projects in Nigeria, a sector vital to the African country's economy, during a meeting at Daewoo's ...
February 01, 2024
Samsung reduces chip deficit in Q4 on DRAM recovery

Top memory chipmaker to stick to production cuts, hopes for turnaround in H1 Samsung Electronics said on Wednesday it narrowed the size of the semiconductor deficit in the October-December period, as a result of its ongoing chip production cut efforts. “As we revised down (the chip output), the ...
February 01, 2024
Posco, ADNOC to produce blue hydrogen in Gwangyang

Posco Group and the United Arab Emirates' Abu Dhabi National Oil Company will collaborate on blue hydrogen production facilities in Gwangyang, South Jeolla Province, Posco International said Wednesday. Posco International, Posco Holdings and ADNOC signed a three-way strategic collaboration agreeme...
February 01, 2024
Korean Air merger gets green light from Japan

Korean Air said Wednesday that its planned merger with smaller domestic rival Asiana Airlines has gained approval from Japan’s antitrust regulator, with only two crucial decisions left to come from the European Union and the US. According to the airline, the Japan Fair Trade Commission approved t...
January 31, 2024
Samyang Foods posts record sales of W1tr in 2023

South Korean food manufacturer Samyang Foods said Wednesday it posted 1.19 trillion won ($893 million) in sales and 146.8 billion won in operating profit last year -- the highest figures in the company's history. According to the company, its sales and operating profit rose by 31 percent and 62 pe...
January 31, 2024
Goodbye to ‘mayak gimbap’? Mixed reaction to limits on 'drug' marketing

But the now-common use of "mayak" in brand names, especially food items, could get restricted in the coming months as the nation’s food agency has recently announced new labeling guidelines for businesses. The Ministry of Food and Drug Safety said last week that local businesses are advised not t...
January 31, 2024
IBK to select startups for Silicon Valley accelerator program

The Industrial Bank of Korea on Tuesday said it is recruiting participants for the second “IBK Changgong Silicon Valley Accelerating Program,” which aims to give emerging ventures and startups momentum in the overseas market. IBK has joined hands with 500 Global, an international venture capital...
January 31, 2024
Samsung SDI logs record sales in 2023 on strong EV demand

Samsung SDI said Tuesday it posted an all-time high revenue last year with robust growth in sales of electric vehicle batteries. In its earnings report, the company said annual sales revenue soared 12.8 percent to 22.7 trillion won ($17.1 billion). Its operating profit, on the other hand, dropped ...
January 31, 2024
LX Pantos, EWP team up to expand solar power production

LX Pantos, the logistics arm of LX Holdings, said Tuesday that it has signed a partnership with Korea East-West Power Corp., an affiliate of the state-run Korea Electric Power Corp., to ramp up production of eco-friendly solar power as part of its efforts to cut emissions. Under the agreement, LX ...

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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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