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The Korea Herald

Markets

December 28, 2023
JungKwanJang launches new red ginseng product using edible bird’s nests

JungKwanJang, South Korea’s leading red ginseng brand under Korean Ginseng Corp., said Wednesday that it has launched a new red ginseng product using edible bird’s nests to target the Chinese market. Swallow’s nests, in particular, have long been considered a delicacy in Chinese cuisine, and mo...
December 28, 2023
Posco gears up to produce rare gases for chipmaking

Posco Holdings said Wednesday it has joined forces with a Chinese cryogenic equipment and engineering firm to produce rare gases essential for chip fabrication in South Korea, securing a domestic supply chain. Rare gases, or noble gases, are a group of chemically inert gases that include krypton, ...
December 28, 2023
Hyundai Mobis to help Marines combat motion sickness

South Korean automotive technology company Hyundai Mobis said Wednesday it has teamed up with the Marine Corps to develop a novel anti-motion sickness technology for assault vehicles to boost Marines' combat performance on rough terrain. The potential technology is designed specifically for amphib...
December 28, 2023
Chaebol leaders heading to CES 2024

Leaders of South Korea’s top conglomerates are set to converge at CES 2024 in Las Vegas next month to immerse themselves in emerging tech trends and expand global business networks. SK Group Chairman Chey Tae-won will be making his second consecutive appearance after last year's CES. “I’m also...
December 28, 2023
Hyundai, Kia hybrid sales hit record high

Hyundai Motor and Kia continued to work on improving the efficiency of hybrid systems after their first mass-produced models. In 2020, Hyundai Motor launched a new hybrid version of the Sante Fe, a five-door crossover sports utility vehicle that featured 180 horsepower on the back of a 1.6-liter tu...
December 28, 2023
[KH Explains] Kakao’s ‘Beyond Korea’ strategy hits snag

The ongoing legal risks surrounding Kakao Corp. seem to be eating into subsidiaries' plans for global expansion, with a series of acquisition deals toppled recently. Kakao Mobility's stock purchase deal with German taxi-hailing service provider FreeNow has reportedly fallen through, with the two c...
December 28, 2023
LegoChem CEO expects $1.72b deal to give traction to ADC development

LegoChem Biosciences will leverage its $1.72 billion out-licensing deal with Janssen Pharmaceuticals for the development of its subsequent antibody-drug conjugate pipelines, the Korean biopharmaceutical firm's CEO said on Wednesday. On Tuesday, the Kosdaq-listed LegoChem signed a technology transf...
December 27, 2023
OB’s Cass retains top post as bestselling beer for 12 years

Oriental Brewery's flagship beer brand Cass has once again secured the top spot in the domestic beer market with a market share of 42 percent this year, despite renewed competition at home after the COVID-19 pandemic, said the country's largest beer maker Tuesday. According to market research firm...
December 27, 2023
Hyundai Motor seeks alternative answers in India, Southeast Asia

Hyundai Motor Group has set its sights on the Southeast Asian region in search of alternative markets outside of China and Russia as the Korean automaker looks to move beyond its heyday in the two state-dominated nations. Hyundai Motor’s Chinese business used to boast upbeat sales of over 1 milli...
December 27, 2023
Harim vows to use cash reserves for HMM’s growth

South Korean agri-food giant Harim Group reaffirmed its commitment to use container transportation and shipping company HMM's substantial cash reserves to bolster the shipping firm's global competitiveness as it moves close its acquisition deal, denying concerns about potential misappropriation of ...
December 27, 2023
Taihan Cable acquires first cable ship for offshore wind power

South Korean undersea cable maker Taihan Cable & Solution said Tuesday that it has acquired Korea's first cable-laying vessel designed specifically for offshore wind power projects, addressing a critical need in the sector. Priced at 50 billion won ($38.4 million), the 6,200-ton CLV outperforms tr...
December 27, 2023
Failed Hankook takeover a lesson for conglomerates

The attempt by homegrown private equity firm MBK Partners to acquire a stake in Hankook & Co. -- the holding company behind South Korean tire giant Hankook Tire & Technology -- has failed, but it has served as a wake-up call for Korean conglomerates with poor corporate governance. MBK’s move in t...
December 27, 2023
Samsung Biologics CEO to attend JPMorgan conference

Samsung Biologics CEO John Rim is heading to San Francisco next month to share the company’s mid-term business plans during the JPMorgan Healthcare Conference, the company said Tuesday. The JPMorgan conference, one of the largest investment events for pharmaceutical and biotechnology industries t...
December 27, 2023
US supply chain review to boost Korean chip sales: analysts

The US government’s survey on its semiconductor supply chain would likely boost sales for Korean chipmakers, with the heightened surveillance on the usage of Chinese chips raising uncertainties for US tech giants, according to an analysis, Tuesday. Last week, the US Department of Commerce said it...
December 27, 2023
[KH explains] Naver, AfreecaTV rivalry heats up as Twitch exodus begins

With Amazon-owned popular game livestreaming platform Twitch’s decision to withdraw from the Korean market, the competition to lure the market leader’s popular streamers and millions of users appears to be in full swing among local platform operators AfreecaTV and Naver. Until recently, Twitch o...

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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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