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The Korea Herald

Markets

January 10, 2024
Govt. takes action on fatty samgyeopsal

This decision follows public criticism over excessively fatty pork belly sold at some local discount stores on March 3 last year, known as "Samgyeopsal Day" in Korea, a day when the pork belly strips are promoted for half price. The government has now shared these guidelines with key players in th...
January 09, 2024
Oriental Brewery seeks to connect with younger generation

South Korea’s largest beer maker, Oriental Brewery, made efforts to broaden its outreach to Generation Z and university students in 2023, in a bid to more closely communicate with young consumers. In November and December, OB CEO Ben Verhaert gave lectures on OB’s marketing strategies at Korea U...
January 09, 2024
Fila Holdings names first global brand president

South Korean-owned sportswear brand Fila Holdings said Monday it has named Todd Klein, head of the company’s North American subsidiary, for a new position in charge of the global marketing strategy. Appointed as the global brand president, Klein will join the board of Fila Luxembourg, the subsidi...
January 09, 2024
Busy IPO pipeline expected in 2024

Hopes are high for the initial public offering market this year, backed by big-name deals and bullish market expectations. Though the local IPO market remained sluggish in early 2023 due to deteriorating investor sentiment, it slowly phased out of the slump later in the year as major deals took pl...
January 09, 2024
SK On to supply batteries to Chinese-made electric bus

SK On is poised to supply high-performance nickel, cobalt and manganese (NCM) batteries for Chinese-made electric buses imported to South Korea, industry sources said Monday. The battery manufacturer recently clinched a deal with EM Korea, an electric bus sales company, which will install the batt...
January 09, 2024
[CES 2024] Merck to unveil vision for 'material intelligence' at CES

Merck, a German-based science and technology company, will present its contributions to advancing the electronics industry through "material intelligence" at CES 2024, the company said Monday. “We are pushing the boundaries of science and technology to make future trends possible. Together with o...
January 09, 2024
[CES 2024] Korean finance giants eye new opportunities at CES

The leaders of Hana Financial Group and Shinhan Financial Group are headed to the CES 2024, the world's largest consumer technology event slated to open in Las Vegas on Tuesday. Hana Financial Group Chairman Ham Young-joo is taking part in the tech event for his second consecutive year. This year...
January 09, 2024
Pernod Ricard supports spread of Korean culture

Pernod Ricard Korea, the Korean unit of the French wine and spirit giant, said Monday it has donated 40 million won ($30,385) to the Corea Image Communication Institute, or CICI, to help boost the nation’s global image in 2024. Adding to its financial contributions, the company also aims to provi...
January 09, 2024
Taeyoung inches closer to avoiding court receivership

Debt-ridden Taeyoung Engineering & Construction made a U-turn to stick with its initial self-rescue package to avoid court receivership, which could put over a thousand of its subcontractors at risk. The 16th-largest construction company in South Korea in terms of capacity is expected to unveil ad...
January 09, 2024
[CES 2024] SK to showcase net-zero, AI tech at CES

Energy-to-telecom conglomerate aims to impress global partners with massive exhibition booth themed on amusement park. LAS VEGAS -- Two days ahead of the kick-off of CES 2024 in Las Vegas, SK Group said it is ready to draw much attention from global partners and attendees at the annual tech show b...
January 09, 2024
Korean air carriers ordered to inspect safety of Boeing fleets

The Ministry of Land, Infrastructure and Transport has ordered South Korean airlines to carry out safety checks on their Boeing 737 Max 8 aircraft, according to the ministry on Monday. The order came as a preemptive measure following an emergency landing on Friday of an Alaska Airlines' Boeing 737...
January 09, 2024
LG Electronics eyes record sales of W84tr in 2023

LG Electronics is expected to record its highest revenue ever of 84 trillion won ($64 billion) in 2023, backed by solid performance in its core businesses, including automotive products, and effective management, the company's preliminary earnings showed on Monday. Despite challenges posed by dela...
January 08, 2024
Korean ramyeon exports hit record high

South Korea’s exports of Korean instant noodles, also known as ramyeon, reached a new record high of nearly $1 billion (1.31 trillion won) in 2023, according to government data and industry sources, Sunday. According to data from Korea Customs Service, annual ramyeon exports were tallied at $952 ...
January 08, 2024
[KH Explains] Korean defense firms aim big in US market

South Korean defense firms are seeking to break through into the US market, the biggest in the world, as the industry looks to carry on its export momentum. Hanwha Aerospace on Thursday announced that it completed a field test of its multipurpose unmanned ground vehicle, Arion-SMET, with the US Ar...
January 08, 2024
Korean firms to flaunt tech supremacy at CES

Hyundai Motor Hyundai Motor aims to make a significant impact with its most extensive showcase to date, focusing on three key areas: software-defined vehicles, hydrogen-powered sustainable mobility and urban air mobility innovations. Executive Chair Chung Euisun and other top executives are expec...

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