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The Korea Herald

Markets

January 08, 2024
Posco International to accelerate global push in 2024

Posco International, the trading arm of Posco Group, announced Sunday that bolstering its global presence in its main business areas, from renewable energy to electric vehicle parts, will be the key to the company’s business strategy for this year. The company will aggressively expand global prod...
January 08, 2024
FSS cracks down on HK-tied ELS misselling

The South Korean financial authorities are launching an official probe into the misselling of equity-linked securities tied to Hong Kong's benchmark index, with massive principal losses set to occur starting this month. On Monday, the Financial Supervisory Service is set to open an on-site investi...
January 08, 2024
Samsung to boost patent leadership with ‘Ironflex’ trademark for foldable displays

According to Wert Intelligence, an intellectual property market tracker, Samsung Display has secured 1,840 patents on foldable displays alone in the US, about four times more than the 481 patents secured by China’s BOE and the 469 patents of crosstown rival LG Display. Wert predicted that Samsung...
January 07, 2024
US senators pressure Hyundai, 12 carmakers not to interfere in union activism

A group of 33 US senators on Thursday called on Hyundai Motor Group and 12 other auto manufacturing companies not to interfere with the United Auto Workers’ ongoing efforts to unionize at their US plants. Democrats Gary Peters, Ron Wyden, Dick Durbin and others signed a letter and sent it to top ...
January 07, 2024
LG Chem to transfer obesity drug rights to Boston-based Rhythm in $305m deal

LG Chem said Friday it has signed an agreement with Boston-based Rhythm Pharmaceuticals to transfer the development and sales rights of a new anti-obesity drug candidate named LB54640. The deal amounts to $305 million, which includes upfront payments worth $100 million and milestone payments worth...
January 07, 2024
Kia’s EV9 named SUV of the year in North America

Hyundai Motor Company’s smaller sibling Kia’s large-sized full-electric sport utility vehicle, the EV9, won the 2024 North American Utility of the Year award, the company said Friday. The North American Car, Truck and Utility Vehicle of the Year Awards was held at the city of Pontiac in Michigan...
January 07, 2024
Subsidy for second child increases, but expected impact low

Despite the government's decision to raise the subsidy for parents having more than one child this year by 1 million won ($760), a survey suggests that the subsidy may not significantly influence parents' decisions to have another child. “Despite implementing the voucher subsidy, a recent decreas...
January 07, 2024
NPS set to post record-high returns in 2023

The National Pension Service is expected to have logged over 12 percent in returns in 2023, marking its highest-ever yield. According to news reports Friday, the state pension fund may have registered its highest profit since the National Pension Service Investment Management was founded in 1999. ...
January 07, 2024
FSS chief slams Taeyoung's 'insufficient' self-rescue efforts

The head of South Korea's top financial authority on Thursday lashed out at Taeyoung Engineering & Construction's self-rescue efforts, saying they fell far short of expectations and urging a new plan within the week. Financial Supervisory Service chief Lee Bok-hyun made the comments during his New...
January 07, 2024
SK Ecoplant to showcase net-zero solutions at CES

South Korean energy and environmental solutions provider SK Ecoplant said Thursday that the company would take part in CES 2024, the world's largest consumer electronics and technology trade show, to showcase its net-zero solutions with other SK companies. SK Group plans to operate a 1,850-square-...
January 07, 2024
After yearslong legal battle, Hahn & Co. secures control over Namyang Dairy

Hahn & Co., the nation's largest private equity firm based on assets under management, secured control over Namyang Dairy Product on Thursday, following years of legal disputes. The Supreme Court sided with Hahn & Co., ordering Namyang Dairy Product Chairman Hong Won-sik and his family members to ...
January 07, 2024
[KH Explains] Lukewarm EV sales offset by boom in hybrid cars

Carmakers are also heightening their readiness for the change in consumer sentiment. Hyundai, which has focused on diversifying its EV lineup with mass-market appeal, also hinted at a dual strategy as it announced last month plans to develop next-generation hybrid systems. It has reportedly revive...
January 07, 2024
BMW reclaims top auto importer title in Korea

BMW has once again reclaimed the top auto importer title in South Korea, for the first time since 2015, by edging out Mercedes-Benz in a duel that came down to the wire. According to the Korea Automobile Importers and Distributors Association’s report released Thursday, BMW sold 77,395 vehicles i...
January 07, 2024
Samsung, Hyundai Motor to boost home-car connectivity

South Korea's top makers of chips and cars, Samsung Electronics and Hyundai Motor Group, are joining hands for heightened connectivity by integrating their smart home and connective car solutions, the companies said Thursday. In a signing ceremony on Wednesday, the two sides agreed to expand Samsu...
January 07, 2024
LG, West Virginia to collaborate on tech ventures

LG Electronics’ North American Innovation Center, also known as LG Nova, has forged a strategic partnership with the US state of West Virginia to advance technologies for renewable energy, health care and other future industries, the Korean tech giant said Thursday. The two entities agreed to for...

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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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