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The Korea Herald

Markets

December 17, 2023
Korean battery, clean energy firms expected to benefit from US tax incentives

South Korean battery and energy firms that have already built production sites in the United States are expected to receive tax credits from the US Inflation Reduction Act, Korea's Ministry of Trade, Industry and Energy said Friday. The US Department of Treasury earlier unveiled proposed guideline...
December 17, 2023
Samsung's AI model to be trained on 20,000 telecom-related academic papers

Samsung Electronics inked a partnership with the Korean Institute of Communications and Information Sciences for access to telecommunication-related academic papers to use in the training of its artificial intelligence program, the company said on Friday. Samsung Executive President Cheun Kyung-wh...
December 17, 2023
Hyundai Kona EV remains eligible for French EV incentives

Hyundai Motor's all-electric compact sports utility vehicle, the Kona Electric, will continue to be eligible for cash incentives offered by the French government to buyers of electric vehicles. Paris on Thursday released a list of 78 EVs from 22 brands eligible for the government incentives. Accor...
December 17, 2023
Samsung chief returns from Netherlands, satisfied with ASML deal

Samsung Electronics Chairman Lee Jae-yong hinted at his satisfaction over his trip to the Netherlands with President Yoon Suk Yeol on Friday, saying that most of the achievements made there were focused on semiconductors. "About 90 percent of the achievements made in the trip to the Netherlands ar...
December 17, 2023
IMF chief warns against premature monetary easing

International Monetary Fund Managing Director Kristalina Georgieva said it is too early for central banks to go easy on inflation control despite signs of recovery. “We have seen through history that at this very last moment of controlling inflation, some countries prematurely declare victory,” ...
December 15, 2023
Closing gender gap will boost Korea's national income: IMF chief

Under the theme of "Empowering Women in Corporate Leadership: A Catalyst for Global Economic Growth," a panel discussion was held, moderated by Citibank Korea CEO Yoo Myung-soon “For a society to prosper, both men and women must work together … We must become a gender-equal society that recogniz...
December 15, 2023
IMF chief calls for regulatory efforts to control crypto assets

Regulating digital currency is a major priority on the global agenda, International Monetary Fund Managing Director Kristalina Georgieva said at an international conference held in Seoul on Thursday. "We must consider the effects if crypto assets become widespread. The scenario is not far-fetched,...
December 15, 2023
CJ Foodville secures W70b in funding for US expansion

CJ Foodville, the operator of bakery chain Tous Les Jours and a subsidiary of South Korean food giant CJ Group, said Thursday it has secured funding worth 70 billion won ($54 million) from Seoul-based Arges Private Equity. With the new investment, Arges has become the second largest shareholder of...
December 15, 2023
Lunit to acquire Volpara Health for W252b

Korean artificial intelligence-based cancer diagnostics company Lunit will acquire global breast cancer solutions provider Volpara Health, in a deal worth 252.5 billion won ($194.7 million), the company said Thursday. Lunit said this is the first time for it to join forces with another company via...
December 15, 2023
SK to unveil net-zero vision at CES

SK Group said Thursday it will present its blueprint for a world free from the climate crisis -- the net-zero world -- via low-carbon technology at the Consumer Electronics Show 2024, the world's largest consumer electronics show, slated to open in Las Vegas next month. SK’s seven affiliates, inc...
December 15, 2023
[Herald Interview] SES AI bolsters battery partnership with Hyundai Motor on EV, UAM

SES AI Corp., a Boston-based company pioneering in lithium-metal batteries, is strengthening business ties with Hyundai Motor Group in developing the next-generation power source for electric vehicles and Urban Air Mobility. “Of the three production lines in Korea, we are preparing one for develo...
December 15, 2023
Kia to unveil 5 new concept cars at CES 2024

Kia will present its future sustainable mobility strategies and unveil five new concept vehicles for the first time at the CES tech show in Las Vegas early next month, the Korean automaker said Thursday. Returning to CES for the first time since 2019, Kia said it will redefine the “Purpose-Built ...
December 15, 2023
[KH Explains] HMM sell-off talks enter stormy waters

The container shipper last year logged a revenue of 18.58 trillion won along with a net profit of 10 trillion won, both record highs, on the back of a surge in freight charges during the COVID-19 pandemic. But the tables have turned this year with decreasing freight charges. HMM posted 6.34 trillio...
December 15, 2023
Posco develops production system for battery-grade lithium

Posco Holdings announced Thursday that the group has developed a key system used to acquire lithium hydroxide together with local secondary battery company W-Scope Korea. Posco Holdings has been using a membrane electrodialysis process to produce battery-grade lithium hydroxide from lithium brine ...
December 14, 2023
Korea to improve market access for foreign investors

South Korea is lowering the bar considerably for foreign investors to enter the local capital market with several new measures -- including the abolishment of a cumbersome registration policy -- set to come into effect Thursday. The new measures are being implemented in around a year since local f...

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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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