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The Korea Herald

Markets

January 29, 2024
[KH Explains] Will OpenAI, Korean chipmakers team up to take on Nvidia?

Sam Altman, the chief executive officer of OpenAI, visited Seoul last week to hold a series of meetings with top executives of Samsung Electronics and SK hynix, the world’s top two memory chipmakers, fueling speculation that the “father of ChatGPT” is in search of allies to take on Nvidia, the u...
January 29, 2024
Porsche vows to bring out best of ASEAN market

SINGAPORE -- Porsche has underscored its drive to put a great emphasis on the Southeast Asian region, as the German automaker vowed to find ways to offer various Porsche experiences for the Association of Southeast Asian Nations. “Our business is based on four pillars and (they are) Europe, North...
January 26, 2024
Korean tech is what world needs: Banga

World Bank President Ajay Banga stressed that South Korea can play a pivotal role in leading other developing countries with its experience in growth and development, during a media briefing Thursday as part of his visit to Seoul. "What Korea did in 30 years -- to go from being an underdeveloped, ...
January 26, 2024
Eximbank launches Saudi desk to bolster support in Middle East

The state-run Export-Import Bank of Korea said Thursday that it has launched a Saudi Arabia desk to ramp up support for local firms expanding their businesses in the Middle East. According to the bank, the new desk will take charge of coordinating and supporting the private sector, not just within...
January 26, 2024
LX Hausys eyes bigger footing in North American flooring market

Korean building materials company LX Hausys said Thursday it is joining the International Surface Event 2024, the largest flooring trade show in North America, in a bid to secure a bigger footing in the all-important market. More than 700 companies specializing in flooring, tiles and other buildin...
January 26, 2024
LG Energy Solution invests in US lithium-metal battery firm

LG Energy Solution on Thursday announced a strategic equity investment in Sion Power, an Arizona-based battery technology developer, in a bid to take the lead in next-generation lithium-metal battery technologies. Established in 1994, the US battery technology firm boasts over 470 international pa...
January 26, 2024
Inshorts introduces AI-based product placement for K-drama

By Yoon Min-sik ( minsikyoon@heraldcorp.com )
January 26, 2024
Hyundai takes earnings crown after profit surge

Hyundai Motor Group pulled in an all-time high annual operating profit of 26.7 trillion won ($20 billion) last year, outpacing Samsung Electronics, which held the No. 1 position among the listed companies in Korea for 14 consecutive years, for the first time. Hyundai Motor Company saw a 15.1 trill...
January 26, 2024
[Newsmaker] SK hynix posts surprise Q4 profit, signaling chip recovery

SK hynix said that sales of its main products, DDR5 and HBM3, increased by more than four and five times, respectively, compared with a year earlier. In the NAND space, where recovery is relatively slow, the company prioritized streamlining investments and costs. The chipmaker forecast the demand ...
January 26, 2024
CJ Olive Young, Kolmar team up on skin care

South Korean health and beauty retailer CJ Olive Young’s derma skin care brand Bioheal Boh and cosmetics and health care goods manufacturer Kolmar Korea have signed a business agreement to collaborate on microbiome skin care products. Under the recent agreement, the two companies will establish a...
January 26, 2024
LG Electronics reports another sales record

LG Electronics reported another year of record sales in 2023, driven by upbeat sales of home appliances and automotive parts and solutions, the Korean tech giant said in its earnings conference Thursday. The company posted all-time high annual sales of 84.2 trillion won ($62.9 billion) last year, ...
January 26, 2024
Hyundai-Kia retains global No. 3 spot as profits top Tesla's

Hyundai Motor Group has retained its position as the world's third-largest automaker for a second year, trailing only Toyota Motor and Volkswagen Group, based on its 2023 fourth-quarter and yearly financial results disclosed Thursday. The Korean automotive giant, comprising the Hyundai, Kia and Ge...
January 26, 2024
[From the Scene] New Macan signals true beginning of Porsche EV

Porsche also pointed to its technology of active and passive aerodynamics optimized for driving range, resulting in a drag coefficient of 0.25, making it one of the most streamlined SUVs in the market. According to Robert Meier, director of Macan’s complete vehicle product line, the new electric ...
January 25, 2024
W4tr of damaged notes, coins destroyed in 2023

The total face value of damaged bills and coins discarded by the Bank of Korea reached nearly 4 trillion won ($2.98 billion) last year, marking a sharp rise from previous years as more in-person business transactions occurred with the end of the pandemic, the central bank said Wednesday. A total o...
January 25, 2024
[From the scene] Immersive ‘Squid Game’ challenge thrills fans in LA

After finishing the immersive experience, visitors can take pictures at the FlexCam Selfie Kiosk, where the Galaxy Z Flip5 is set up. Visitors can also try out various Korean foods and drinks in the marketplace, all curated by Yangban chef Katianna Hong. As a partnering supporter of the immersive...

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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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