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The Korea Herald

Markets

January 30, 2024
LG supports AI art program at Guggenheim Museum

LG Group said Monday it supported an art program showcasing three artificial intelligence-integrated artworks of Brooklyn-based artist Stephanie Dinkins at the Solomon R. Guggenheim Museum in New York on Thursday. “Late Shift x Stephanie Dinkins” shed light on how AI tends to have the mindset of...
January 30, 2024
[Herald Interview] Dell ready to empower Korea to unlock potential of AI

US tech giant Dell Technologies has jumped on the generative artificial intelligence bandwagon with a range of new AI offerings combining its hardware and software prowess. The firm is also setting its sights on Korea, a tech powerhouse aspiring to become a potent player in the burgeoning AI era. ...
January 30, 2024
Mixed feelings as big firms announce hefty or zero bonuses

SK hynix, the chipmaking affiliate of SK Group, the country's second-largest conglomerate, decided to give incentives of 2 million won and 15 company stocks to its employees to boost morale despite sluggish sales last year. In the wake of a severe downturn in the chip industry, the world's second-...
January 30, 2024
Celltrion seeks FDA approval for Actemra biosimilar

Celltrion has completed its submission of a biologics license application (BLA) to the US Food and Drug Administration for CT-P47, a biosimilar candidate mimicking Roche’s rheumatoid arthritis treatment Actemra (tocilizumab), the company said Monday. The BLA submission was based on results from t...
January 29, 2024
BOK extends open market operations to non-banking entities

The South Korean central bank on Thursday said it will start to buy or sell securities with non-banking finance institutions in open markets, expanding the scope of entities subject to its key monetary policy instrument to control the money supply in the economy. With the latest change in the Bank...
January 29, 2024
South Korean exports to China plunge to three-decade low

China’s imports of Korean goods plunged to the lowest level in three decades last year, amid the escalating Washington-Beijing rivalry and Seoul’s strategic pivot. According to data from the Korea International Trade Association on Sunday, South Korea accounted for 6.3 percent of China’s import...
January 29, 2024
Galaxy S24 series set new all-time presales record in Korea

Samsung Electronics’ latest Galaxy S24 series, touted as its first artificial intelligence smartphone, broke the company’s presales record in Korea, selling 1.21 million units in just a week. After the global Unpacked event in San Jose, California on Jan. 17, Samsung carried out a presales event...
January 29, 2024
S-Oil donates W30m with New Year's trekking event

South Korean oil refiner S-Oil on Friday held an annual New Year’s trekking event with some 120 company staff in Gyeonggi Province and fundraised 30 million won ($22,488) for a social welfare group. S-Oil President and Head of Operations Park Bong-soo, President and Head of Corporate Strategy & S...
January 29, 2024
Cha Vaccine Institute develops its own mRNA delivery system

The Cha Vaccine Institute, a vaccine development arm of Cha Medical and Bio Group, has developed its own messenger RNA delivery system which does not require frozen storage, the company said Friday. The firm expects that Lipoplex would be a more efficient and stable option than lipid nanoparticles...
January 29, 2024
LG Energy Solution hits record earnings on upbeat US sales

Despite the slowdown of electric vehicle sales, LG Energy Solution broke the record in earnings last year, largely driven by a boost in sales in the all-important US market. In its earnings report released Friday, the battery maker said its annual revenue surged by 31.8 percent to 33.7 trillion wo...
January 29, 2024
Orion promotes locally-source food in Vietnam

Orion, a South Korean confectionery manufacturer, said Friday that it has teamed up with Vietnam National University of Agriculture in a bid to secure quality raw materials for its snack production in Vietnam. Orion Food Vina, the confectioner’s Vietnamese unit, and the Institute of Argo-Biology ...
January 29, 2024
Hyundai Mobis logs 14% sales growth in 2023

Hyundai Mobis, an auto parts manufacturing unit under Hyundai Motor Group, said Friday its revenue surged over 14 percent last year to nearly 60 trillion won ($44.9 billion). The company posted an annual revenue of 59.25 trillion won in 2023, breaking the record of 51.9 trillion won it set the yea...
January 29, 2024
NongHyup's new chief to push for major revamp

The National Agricultural Cooperative Federation on Thursday elected Kang Ho-dong as the 25th NongHyup chairman, marking the first time in 17 years for the cooperative to have a directly elected chairman at its helm. The federation, South Korea's biggest agricultural cooperative comprised of 2 mil...
January 29, 2024
Lotte Duty Free, Modetour seek to capitalize on Vietnam's tourism boom

Lotte Duty Free said Friday that it signed a memorandum of understanding with the South Korean travel agency Modetour on Thursday to strengthen joint marketing efforts toward Korean tourists to Vietnam. Under the agreement, Lotte Duty Free and Modetour will work together to develop new product pac...
January 29, 2024
Genexine seeks approval for anemia treatment in Korea

Korean biotech firm Genexine announced Friday that the company has submitted a biologics license application to the country's Ministry of Food and Drug Safety for the company’s anemia treatment Efesa. Efesa is intended for the treatment and maintenance of anemia induced by chronic kidney disease ...

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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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