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The Korea Herald

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January 15, 2024
[CES 2024] [Herald Interview] SK Telecom to bolster AI ties with big tech firms

LAS VEGAS -- South Korea's largest telecom carrier SK Telecom is seeking to expand cooperation with big tech firms to fulfill its vision of becoming a "global AI company," according to its AI assistant service chief on Wednesday. "SK Telecom’s AI services are anticipated to achieve effective resu...
January 15, 2024
KFS plants sandalwood in East Timor for better future

The history of the Korea-East Timor partnership dates back to 2017 when the Southeast Asian country became the third member to join the Korea-backed AFoCO. Under the organization, East Timor invested about $1 million to restore degraded land, promote wider planting of sandalwood, and build a more ...
January 15, 2024
Korea takes lead in sustainable forest management

The majority of KFS partners are also underdeveloped countries. Ramping up its green official development assistance efforts, the forest agency has invited foreign forest experts to Korea, introducing the optimal policies and technologies for forestry. Adding to bilateral practices, the forest age...
January 15, 2024
Samsung SDI outpaces Korean rivals in US tax credits

Samsung SDI has outpaced its Korean rivals by supplying batteries to the largest number of electric vehicles under the heightened US EV tax credit regulations that went into effect Jan. 1, according to industry sources on Sunday. Of the 19 EVs eligible for the new incentive rules this year under t...
January 15, 2024
Catastrophic losses pile up from HK-tied ELS

The equity-linked securities fiasco is turning into a reality for South Korean banks as a load of the derivative products tied to the slacking Hong Kong's benchmark Hang Seng China Enterprises Index started maturing this month. As of Friday, around 106.7 billion won ($81.14 million) in principal l...
January 15, 2024
Celltrion's Yuflyma, Remsima win multiple bids in Europe

Celltrion said Friday that the company’s biosimilar products for autoimmune diseases -- Yuflyma and Remsima -- are set for further expansion in key European markets following the multiple bids it has secured there. Celltrion said that Yuflyma, a copycat version to AbbVie’s Humira, won state bids...
January 12, 2024
[CES 2024] [From the Scene] Thrill rides at SK’s tech-savvy theme park

The “Dancing Car” zone showcased advanced electric vehicle battery solutions from SK On, the group’s EV battery-making arm, as it flipped and rotated following a five-minute film. It introduced how powerful the companies’ EV technologies are, including the story of an internal combustion engine...
January 12, 2024
BOK kicks off 2024 by keeping interest rate steady

The Bank of Korea maintained the key rate at 3.5 percent for the eighth consecutive session at its first rate-setting meeting of the year on Thursday, confirming its unwavering will to combat inflation. The monetary policy board of the central bank decided to hold the rate through a unanimous vote...
January 12, 2024
Hana Bank to provide W356b in support for small businesses

Hana Bank announced Thursday that the company would provide 355.7 billion won ($270 million) in financial support for small business owners, who are struggling with high interest rates and the recent economic setback. Hana Bank said its support program will offer cashback on interest payments, sub...
January 12, 2024
Hyundai, Kia near 1m eco-friendly car sales in US

Hyundai Motor Group, following a record-breaking year with US sales surpassing 1.6 million Hyundai and Kia vehicles, is setting their sights high in the US this year to reach a cumulative sale of 1 million eco-friendly vehicles since 2011 and 300,000 luxury Genesis cars, leveraging their strong sal...
January 12, 2024
[JPM 2024] Yuhan Corp. to launch two novel therapies in three years

SAN FRANCISCO -- Yuhan Corp. plans to bring at least two novel drugs, which may include an oncology treatment, to the global market by 2026, with an ambitious vision to become one of the world's top 50 pharmaceutical companies, it said at the J.P. Morgan Healthcare Conference' Asia-Pacific track pr...
January 12, 2024
[CES 2024] Doosan chief highlights business synergy with AI

Doosan Group Chairman Park Jeong-won underscored the importance of applying artificial intelligence technology to other business areas as he toured CES 2024 in Las Vegas on Wednesday. “We are closely looking at how far the advancement of AI has come and how it could change the traditional manufac...
January 12, 2024
[CES 2024] Kia to produce EVs for Uber

Kia will collaborate with Uber to develop purpose-built vehicles tailored to fit the needs of the car-sharing service provider to expand the automaker’s PBV business, the South Korean carmaker said as the two sides announced their partnership at the CES 2024 in Las Vegas on Wednesday. According t...
January 12, 2024
[JPM 2024] Kakao Healthcare's AI diabetes solution to hit Japan, US markets

SAN FRANCISCO -- Kakao Healthcare, the digital health care unit under Korea's platform giant Kakao, revealed its aspirations to launch the AI-based blood sugar management service, PASTA, in Japan later this year, and the US by the end of next year, the company's CEO Hwang Hee said at the JPMorgan H...
January 12, 2024
[CES 2024] SK On chief hints IPO plan on track

LAS VEGAS/SEOUL -- Chey Jae-won, executive vice chairman of SK Group and SK On CEO, on Wednesday vowed to accelerate plans for the battery maker's market debut at the CES 2024 tech show being held in Las Vegas this week. “It’s hard to predict (the exact timeline for the initial public offering) ...

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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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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099