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The Korea Herald

Markets

January 03, 2024
CJ eyes global expansion for K-street food products

Korean food giant CJ CheilJedang's Bibigo brand has set a target of 35 billion won ($26 million) in domestic sales this year for its K-street food products, after observing considerable sales momentum in the market in 2023, according to the firm on Tuesday. Among Bibigo's K-street food offerings, ...
January 03, 2024
No Korea-made EVs are eligible for US tax credits

With the US government excluding electric vehicles equipped with Chinese batteries for tax credits starting this year, Korea-made electric cars sold in the US officially became ineligible for the hefty tax break. According to the US Department of Energy on Monday, only 19 EV models are available f...
January 02, 2024
Foreigners’ net buying of Samsung hits new high in 2023

Foreign investors snapped up investments in Samsung Electronics last year, net buying more than 16 trillion won ($12.31 billion) worth of shares, buoyed by the expectations of a recovery of the global chip industry. In 2023, foreign investors scooped up a net 16.73 trillion won of shares in Samsun...
January 02, 2024
Reflecting on bumper year for K-food

South Korea posted a new record high in food exports last year, driven by the steadily increasing global interest in Korean culture and strategic initiatives by food companies who have rigorously promoted their products overseas. The total export value of agricultural and food products reached $9 ...
January 02, 2024
SK chief vows management overhaul in 2024

SK Group Chairman Chey Tae-won vowed in his New Year's message Monday to review and reorganize the management system of the nation's second-largest conglomerate to better handle challenges in 2024. "A loose 'geomungo' (a six-string Korean zither) can only produce the right notes if the strings are...
January 02, 2024
LG to unveil display tech for smart cars at CES 2024

LG Display said Monday it will unveil four new automotive display technologies at the upcoming CES 2024 slated for next week in Las Vegas, introducing innovations tailored for software-defined vehicles that heavily rely on multiple advanced displays for various functions. These display solutions a...
January 02, 2024
[KH Explains] Hyundai Motor aims to open era of flying mobility

Since establishing Supernal in November 2021, Hyundai Motor Group has invested $920 million in the AAM unit. Supernal has aggressively expanded its presence as it opened three footholds this year alone -- an engineering headquarters in Irvine, California, in July, a policy and commercialization hub...
January 02, 2024
[KH explains] Nexon’s failed stake sale reignites dispute over ‘punitive’ inheritance tax

The founding family of the nation's biggest conglomerate Samsung Group has continued selling stakes to pay their succession tax bill worth 12 trillion won since the late Samsung patriarch Lee Kun-hee died in 2010 with an estate valued at 20 trillion won. Other heirs of some of the country's bigges...
December 29, 2023
[Herald Interview] Palliser CIO skeptical of Samsung C&T stock cancellation plan

British activist investor Palliser Capital founder said Samsung C&T’s five-year treasury stock retirement plan won’t be helpful to shore up its stock price, urging swift action to resolve investors’ concerns over its governance structure. “Cancellation of treasury shares has been mischaracteri...
December 29, 2023
Shinhan Card secures W31b funding from Kazakhstan's Aster

Shinhan Card announced Thursday that its Kazakhstan unit, Shinhan Finance, secured about 31 billion won ($24 million) from Aster, a leading automobile dealer in the Central Asian country, for a new joint venture, becoming the first Korean card company to win investment from an overseas entity. The...
December 29, 2023
Korea to invest W100b in chips, displays, batteries in 2024

The Ministry of Science and ICT said Thursday that the Korean government will invest 100 billion won ($77.6 million) to accelerate research and development efforts in the three major technology sectors -- semiconductors, displays and secondary batteries -- next year to secure key technologies and c...
December 29, 2023
Han Sung Motor takes new approach to ESG practices

Separately, Han Sung Motor is actively practicing in-company campaigns to promote net-zero emissions and sustainability. Last month, employees from the car dealer’s after-sales service department gathered at Yeouido Hangang Park in Seoul, to join the Mercedes-Benz Greenplus plogging event to pick...
December 29, 2023
[KH explains] Why vaccination rate remains low despite surge in flu patients

The number of suspected influenza cases in South Korea has surged to a five-year high, but the immunization rate has remained relatively unchanged. The rate of patients showing symptoms suggestive of influenza per 1,000 outpatients for the second week of December stood at 61.3 – the highest figur...
December 29, 2023
DSF L&I wins top ESG award for reusable container return system

Korean logistics company DSF L&I said Thursday that it has won this year’s top ESG award in the small manufacturing enterprise sector for successfully implementing a return system that collects reusable containers. The ceremony, held at the National Assembly Building in Seoul on Tuesday, was host...
December 29, 2023
Taeyoung E&C files for debt workout, government urges self-rescue efforts

The South Korean government said Thursday that it will seek to normalize the business of Taeyoung Engineering and Construction, which applied for a debt-restructuring program on the same day, under the premise of the construction firm’s intense self-rescue efforts. Earlier in the day, Taeyoung E&...

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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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