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The Korea Herald

Markets

December 19, 2023
Korea’s automobile exports rises over 80% post-pandemic: report

South Korea’s car exports climbed 84.2 percent from January to September this year compared to 2019, while imports of electric vehicles and EV batteries from China gradually increased, a report showed Monday. The export volume surged to $50.5 billion in the cited period after the prolonged COVID-...
December 19, 2023
SUV sales near double of sedans in S. Korean market

Sport utility vehicle sales in the South Korean market are projected to surpass 900,000 units in 2023 for the first time, marking a significant milestone as SUV sales rapidly approach double that of sedans. There were 856,362 new SUV registrations, including recreational vehicles, in the first 11 ...
December 19, 2023
LG Electronics to showcase next-gen transparent antenna for cars

LG Electronics said Monday it will unveil its next-generation transparent antenna that will enhance telecommunication for cars at the upcoming CES 2024, slated for January in Las Vegas. The film-type antenna has been designed in collaboration with a renowned French glass manufacturer Saint-Gobain ...
December 19, 2023
[KH Explains] Why Hyundai Motor has no plan to adopt Apple’s upcoming CarPlay

Hyundai offers two advanced vehicle operating systems that power these infotainment features: the Connected Car Integrated Cockpit for its premium Genesis models and the Connected Car Navigation Cockpit for other models. The CCIC, exemplified in the Genesis G90, merges dual 12.3-inch displays into ...
December 19, 2023
Overseas construction orders to exceed $30b for fourth year

The South Korean construction sector is anticipated to maintain its streak of surpassing $30 billion in overseas orders for the fourth consecutive year, approaching the government's target of reaching this year's $35 billion goal. The total overseas orders that Korean builders have received as of ...
December 19, 2023
How GC Biopharma has become only firm to export blood product plants

South Korea’s leading plasma protein and vaccine manufacturer GC Biopharma is the world’s only company that exports plasma fractionation plants to isolate and produce critical blood products. While global pharmaceutical giants operate their own plants to enter new markets, the Korean firm not on...
December 18, 2023
LG donates W12b to support neighbors in need

LG Group said Sunday that it has donated a total of 12 billion won ($9.24 million) to Community Chest of Korea, a local charity organization, as part of its year-end charitable giving. The ceremony was held at the charity’s Seoul office on Friday, with officials including CCK Chairman Kim Byong-j...
December 18, 2023
[Herald Interview] Group 14, SK Materials to operate Asia’s largest silicon plant for EVs

The joint venture between Washington-based Group 14 Technologies and SK Materials, a chemical materials unit under Korea’s SK Group, will start the commercial operation of Asia’s first large-scale manufacturing plant for silicon battery materials in Sangju, North Gyeongsang Province, early next y...
December 18, 2023
Mirae Asset's Hong Kong unit marks 20th anniversary

Mirae Asset Global Investments said Sunday that its Hong Kong unit, its first overseas operation, has marked its 20th anniversary. The Hong Kong subsidiary, founded in 2003, has been pivotal to the company's overseas expansion. In 2005, it launched Mirae Asset Asia Pacific Star Securities Investm...
December 18, 2023
MBK ups ante in Hankook bid

Seoul-based private equity firm MBK Partners is gearing up for a second round in a battle for control of Hankook & Co., the holding company behind Korea's largest tire maker, Hankook Tire & Technology. On Friday, MBK said through Ventura, a special purpose company set up for the bid, that it has r...
December 18, 2023
Why Renault bets big on Polestar’s Busan production

Swedish electric-vehicle maker Polestar recently announced its plan to produce the new all-electric Polestar 4 at Renault Korea Motors’ Busan plant in 2025. The new partnership comes as Polestar, a spinoff from Volvo in 2017, is seeking to secure a bigger footing in the burgeoning EV market with ...
December 18, 2023
KG Mobility to produce Torres EV in Saudi Arabia

KG Mobility, formerly SsangYong Motor, and Saudi National Automobiles Manufacturing Company, a licensed producer of international and domestic automobiles, signed a partnership agreement on Friday to assemble the carmaker's Torres EVX electric vehicle in Saudi Arabia. The agreement expands an exis...
December 18, 2023
Hyundai Motor, UAE fund team up on hydrogen, future mobility

Hyundai Motor Co. and Mubadala Investment Co., the United Arab Emirates sovereign wealth fund, have entered into a partnership set to advance projects in hydrogen energy, green aluminum production, eco-friendly mobility solutions, and advanced air mobility. This agreement was sealed at a signing c...
December 18, 2023
[KH Explains] Will Kakao's first female CEO survive 'glass cliff'?

While the South Korean IT industry has historically been dominated by male leadership, leading internet giants Naver and Kakao are seeing a new wave of young female leaders taking the helm and steering the ship through challenging waters and toward new horizons. Kakao named its first female CEO la...
December 17, 2023
Hugel wins award for $70m exports of cosmetic products

Hugel, South Korea's botulinum toxin products maker, has been recognized by the government for its recent accomplishments in exports, the company said Friday. According to Hugel, the company has been awarded by the Ministry of Trade, Industry and Energy and the Korea International Trade Associatio...

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EDITOR'S PICKS

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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