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The Korea Herald

Markets

January 07, 2024
Nexon's Intelligence Labs aims to enhance user experience

South Korean game developer and publisher Nexon is steering the future of the gaming industry with Intelligence Labs, an in-house AI research and development team designated to exploring the optimal gaming experience for users. Launched in 2017, Intelligence Labs has used machine learning and deep...
January 07, 2024
Breaking down key points of Korea's 2024 economic policy

South Korea has set its economic priorities for the year, aiming to boost domestic consumption by supporting the real estate market and to encourage investment to ensure a steady economic recovery. In its economic policy directions for 2024 announced Thursday, the government expected that Asia’s ...
January 04, 2024
Total year-end taxes paid by foreign employees reaches record high

The total amount in year-end tax settlements submitted by employees of foreign nationality in South Korea reached a record high of 1.19 trillion won ($910 million) last year, the National Tax Service said Wednesday. All wage-earning workers of foreign nationality here, except for day laborers, are...
January 04, 2024
Ceragem to make CES debut next week

South Korean health care solutions provider Ceragem said Wednesday it will make its debut at the upcoming CES 2024, slated for next week in Las Vegas, to strengthen global partnerships and unveil the latest version of its flagship therapeutic thermal massager. In a 330-square-meter exhibition boot...
January 04, 2024
Samsung's AI-powered Galaxy S24 to debut this month

Samsung Electronics will unveil the Galaxy S24 series featuring the company’s latest artificial intelligence model in Silicon Valley -- the home turf of its archrival, Apple -- this month. Releasing the official invitation on Wednesday, the world’s largest smartphone maker said it will hold the ...
January 04, 2024
Koreans flock to airports, malls during New Year's holiday: GPS data

Incheon International Airport and Starfield shopping malls were the top two destinations searched for on GPS app T Mobility, during the three-day New Year's holiday, the app’s operator said Wednesday. The big data analysis confirms a preference for either overseas vacations or shopping at mega ma...
January 04, 2024
[KH explains] How young are ‘young’ CEOs in Korea?

Younger chaebol leaders A public relations official at one of the big four groups admitted that the rhetoric for a generational change simply means new figures replacing the existing ones, citing little age difference among them, usually less than a decade apart. “I believe it will be almost imp...
January 04, 2024
Beyond messaging: Line focuses on users' peace of mind

In the meantime, Line has played a role in fighting against phishing scams and misinformation in Taiwan, having launched the nation’s largest fact-checking service, Line Fact Checker, in May 2019. Users can verify suspicious messages received via Line and share verified information with family an...
January 04, 2024
Hyundai Motor kick-starts year at Korea’s first EV-only factory

Hyundai Motor Group kick-started the year with a New Year's address on Wednesday at Kia AutoLand Gwangmyeong, South Korea’s first dedicated electric vehicle factory, with Executive Chair Chung Euisun and other top executives sharing the company's vision and commitment to electrification and future...
January 04, 2024
Kia logs record sales in 2023

Kia has set a new record by selling 3.08 million vehicles across the world last year, Korea’s second-largest automaker said Wednesday. Kia sold 563,660 cars in Korea and 2.51 million vehicles overseas, up 4.6 percent and 6.7 percent on-year, respectively. The automaker’s previous record was 3.04...
January 03, 2024
KFCC partners with Google for Fiji launch

The Korean Federation of Community Credit Cooperatives, the nation's primary mutual financial institution, also known as Saemaul Geumgo, held a capacity-building workshop ahead of opening its first branch in Fiji. Ten visitors, including government officials and villagers, from Fiji flew in for th...
January 03, 2024
Hahn & Co. completes sale of SK Eco Prime

Hahn & Company, the nation's largest private equity firm based on assets under management, said Tuesday that it has completed the sale of SK Eco Prime, a leading biodiesel manufacturer, to Hillhouse Capital, a global equity manager based in Singapore. The company declined to reveal the deal size, ...
January 03, 2024
Battery, new energy sectors to feel pinch from global minimum tax

Hundreds of South Korean firms, including tech giant Samsung Electronics, are set to be hit by the newly implemented 15 percent global minimum tax rate. Under the new corporate tax rule that came into effect Monday, multinational enterprises with a consolidated revenue of over 750 million euros ($...
January 03, 2024
Mirae Asset chief to donate shares to charity

Mirae Asset Financial Group Chairman Park Hyeon-joo has decided to donate 25 percent of his stake in Mirae Asset Consulting to the group's charity foundation in phases, the company said Tuesday. The stock will be gifted to the Mirae Asset Hope Foundation, a charitable entity established in 1998 to...
January 03, 2024
2024 set to be another profitable year for top 4 financial groups

South Korea's top four financial groups -- KB, Shinhan, Hana and Woori -- are expected to post a combined net profit of over 17 trillion won ($13 billion) this year, buoyed by their moneylending business, according to market tracker FnGuide. While the four firms posted an estimated net profit of 1...

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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
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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