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The Korea Herald

Markets

January 22, 2024
Korea's kimchi exports reach all-time high in 2023

South Korea's exports of kimchi products reached an all-time high in 2023 amid increasing interest in the country’s culture globally, data showed Sunday. According to the data compiled by the Korea Customs Service, outbound shipments of kimchi came to 44,041 tons, up 7.1 percent from the previous...
January 22, 2024
Hybrid operation key to Galaxy AI: Samsung AI chief

SAN JOSE, California – Artificial intelligence is everywhere, but it has only been in the past couple of years that people have been able to visualize what AI might be able to do for them, with the advent of ChatGPT. In its latest Galaxy S24 series, its first AI-powered smartphone, Samsung Electr...
January 22, 2024
ELS crisis deepens as Hong Kong index sags further

Losses inflicted on Korean investors from derivatives tracking the Hang Seng China Enterprises Index are swelling even faster than expected, as the notorious Hong Kong index has dipped further recently. The HSCEI, which had remained at around 5,500 points since late 2023, has dropped dramatically ...
January 21, 2024
Hanlim partners with NBBJ to support Seoul’s urban innovation

Hanlim Architectural Group, an end-to-end real estate service company from South Korea, has partnered with American architectural firm NBBJ to foster international growth and support Seoul's urban innovation initiatives. The partnership was formalized at NBBJ's Los Angeles office on Jan. 15, amid ...
January 21, 2024
Korea records first-ever drop in fuel-powered vehicle count

South Korea saw its first-ever decline in the overall number of registered fuel-powered vehicles last year, as reported by the Ministry of Land, Infrastructure and Transport on Friday. The total number of registered vehicles powered by gasoline, diesel and liquefied petroleum gas fell by 85,000 to...
January 21, 2024
K bank resumes IPO process, eyes 2024 listing

The internet-only K bank said Friday that it is pushing for an initial public offering this year following a failed attempt last year. “The IPO will be an opportunity for K bank to take another big leap,” said CEO Choi Woo-hyung, who took the post on Jan. 1. “K bank will grow with all its membe...
January 21, 2024
Mercedes-Benz debuts new E-Class, taking cue from Korean drivers

Mercedes-Benz said Friday it is poised to roll out nine new cars in Korea this year, highlighting the strategic importance of the Korean market for the German luxury carmaker. The new lineups include five full-change models – the E-Class sedan, CLE Coupé, CLE Cabriolet, Mercedes-Maybach EQS SUV ...
January 21, 2024
LG Innotek to suspend production at Pyeongtaek motor plant

LG Innotek, the electronic component manufacturing unit of LG Group, will suspend the production of its vehicle motor plant in Pyeongtaek, Gyeonggi Province, later this year to relocate facilities to other sites at home and abroad, according to industry sources Friday. With the planned relocation,...
January 21, 2024
1 in 3 new import cars priced over W100m

Nearly 1 in 3 import cars sold last year was priced at 100 million won ($75,000) or over, with their sales hitting a record high despite a slight downturn in the import car market overall. According to the Korea Automobile Importers & Distributors Association on Friday, 78,208 vehicles priced at o...
January 21, 2024
Foreign investors dump Seoul shares amid geopolitical risks

Foreign investors continued the selling spree on the local stock market amid heightened geopolitical tensions both within and outside the Korean Peninsula, while the Korean won weakened against the dollar. The benchmark Kospi closed at 2,440.04 points Thursday. Though it dipped to the 2,430 range ...
January 21, 2024
Celltrion’s anti-cancer biosimilars win multiple tenders in Europe

Celltrion said Thursday that the company’s three oncology biosimilar products -- Herzuma, Truxima and Vegzelma -- are making their foray into key European markets after winning multiple bids there. Celltrion secured bids in France to supply its cancer-fighting biosimilars to five regional drug pu...
January 21, 2024
[Herald Interview] ‘US election main risk for Korean chip, EV makers’

This year’s US presidential election is expected to be the biggest geopolitical risk for Korean companies already reeling from supply chain disruptions and protectionist policies amid an escalating Washing-Beijing rivalry, according to a global specialist in risk management. “The US election cou...
January 21, 2024
Global auto market to grow modestly as China leads EV adoption

The global automotive market is projected to grow modestly this year, with a 1.6 percent increase to 84.12 million units signaling a tempered post-pandemic recovery, as global carmakers are looking to adopt strategies from Chinese carmakers to spur mass adoption of electric vehicles, according to H...
January 21, 2024
Galaxy S24 hands-on: Everything you want from mobile AI

Alexane Pelletier, a content creator from Canada, picked out Quick Share as an impressive feature, as it will help content creators to switch easily among different devices for their work. "We all know Airdrop (from Apple) and this is the thing for content creators, for photographers, for everyone...
January 21, 2024
Samsung aims to adopt AI in 100m Galaxy phones

During the Unpacked event, Samsung made a surprise announcement about the Galaxy Ring, a health tracker in the form of a ring. Roh said the product could be launched this year. "We ran surveys and learned that customers find it inconvenient to wear a watch all the time. And we found that the ring ...

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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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