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The Korea Herald

Markets

January 31, 2024
Govt. disapproves BlackRock's offshore wind plant project

The South Korean government has disapproved global investment firm BlackRock's proposal to construct an extensive offshore wind power plant in South Jeolla Province due to insufficient evidence of financial ability and lack of electricity infrastructure in the area. According to energy industry so...
January 31, 2024
Are Korean drivers losing appetite for EVs?

A recent survey released Tuesday by Encar, the largest used car platform in Korea, has revealed a shift in consumer preferences toward gasoline vehicles for new car purchases in 2024, with them regaining prominence over hybrids and electric vehicles, which were the top choices in 2022. The survey,...
January 31, 2024
Samsung Galaxy S24 hits shelves globally

Samsung Electronics said on Tuesday it is starting sales of its latest flagship smartphone the Galaxy S24 globally, largely buoyed by record preorders made at home over the past week. The new phone, dubbed the world’s first smartphone powered by artificial intelligence, is expected to hit the she...
January 31, 2024
[Herald Interview] Daewoong Pet targets health-conscious pet owners

Daewoong Pet, the pet health care arm of Daewoong Pharmaceutical, seeks to gain growth momentum by launching veterinary drugs and securing patent exclusivity as the need for veterinary care continues to surge amid an aging pet population. The firm's main aim is to develop and introduce drugs with ...
January 31, 2024
US Chamber criticizes Korea's move to pass platform law

The US Chamber of Commerce has openly opposed a proposed act aimed at preventing unfair market activities by major online platform players, voicing concerns over the country’s apparent rush to pass the law. Charles Freeman, senior vice president for Asia at the US Chamber, issued a statement warn...
January 31, 2024
Samsung Biologics stocks extend rally on US bill

Samsung Biologics shares extended a rally Tuesday on upbeat sentiment that the company may be benefiting from US-proposed legislation that aims to restrict Chinese biotech firms from accessing the all-important American market. Last week, members of a bipartisan House Select Committee introduced a...
January 31, 2024
Korean firms should brace for 'Trump risk': KITA

Fears over a future US decoupling from China and protectionist policies are looming large among South Korean companies as former US President Donald Trump emerges as the potential Republican presidential nominee in this year's election. One of the most substantial risks of a possible second term f...
January 31, 2024
Stellantis Korea appoints 1st female chief

Stellantis Korea has named Bang Sil as its new head, the global automaker’s Korean office announced Tuesday. Bang will become the first Korean and female managing director of Stellantis Korea once the appointment takes effect Thursday. The Amsterdam-headquartered automaker established its Korean ...
January 30, 2024
[Herald Interview] BridgeRock offers strategic solutions for real estate loan workouts

Once deemed an investment that produced a stable income stream, office buildings in the US are causing a headache for Korean investors as they wrestle with defaults on loans amid weakening demand and increased interest rates. With their investments turning sour, investors should come up with “cre...
January 30, 2024
[KH Explains] Private equity firms hunt for health care buyouts

Korean private equity firms are increasingly betting big on health-focused companies at home and abroad, in a bid to capitalize on the growth potential of the health care and wellness sector amid a globally aging population. In Korea alone, where accelerated demographic change is observed due to t...
January 30, 2024
Korea's exports of processed rice products reach all-time high

South Korea’s exports of processed rice products reached an all-time high in 2023 amid growing global demand for convenient food options, according to government data and industry sources, Monday. Data from the Korea Agro-Fisheries & Food Trade Corp. revealed that outbound shipments of processed ...
January 30, 2024
Hyundai Mobis secures $9.2b in overseas orders in 2023

Hyundai Mobis secured a record high of global orders totaling $9.2 billion last year on the back of the worldwide automation trend in the car sector, the South Korean auto parts manufacturer under Hyundai Motor Group said Monday. Noting that the overseas orders significantly exceeded the originall...
January 30, 2024
Posco Future M seeks more regulatory support

Kim Jun-hyung, CEO of Korean battery materials manufacturer Posco Future M, urged the Ministry of Environment to reinforce measures to boost the rechargeable battery industry, according to the company on Monday. Kim met with Lim Sang-jun, deputy minister at the Environment Ministry, who visited th...
January 30, 2024
KGC eyes global market as it marks 125 years

Korea Ginseng Corp., the nation’s leading ginseng manufacturer which has represented the Korean red ginseng industry for the past 125 years, is now taking a new leap forward for the health of people around the world. As an unrivaled market leader making up some 70 percent of the nation’s red gin...
January 30, 2024
Korea, 5th largest market for Bentley

UK luxury car manufacturer Bentley Motors said Monday it achieved an all-time high sales record in the South Korean market last year, making it the leading market in the Asia-Pacific region and the fifth largest globally for the second year running. Bentley Motors Korea accelerated its sales traje...

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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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