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The Korea Herald

Markets

December 13, 2023
[KH Explains] How Netherlands has become a top K-food destination

In a surprising but pleasant twist to the global wave of Korean cultural influence, the Netherlands has emerged as a formidable player in its love for Korean instant noodles, kimchi and K-food overall. According to customs data, the Netherlands imported $48.64 million of ramyeon from Korea in the ...
December 13, 2023
[Herald Interview] BlockSquare CTO on importance of real-time data in navigating crypto market

Speed and accuracy in processing real-time data are key requisites for interpreting the volatile cryptocurrency market, said Won Hyuk, chief technical officer at BlockSquare Seoul. The crypto trading assistance company has created a charting tool for investors, which helps with trading analysis. I...
December 13, 2023
BlockSquare Seoul helps crypto investors reduce risks

BlockSquare Seoul is working to strengthen its service lineup to support investors in mitigating risks and increasing profit in cryptocurrency trading. The company provides charts which show the price fluctuation of major cryptocurrencies and assess risks, bid prices and liquidation attempts. The ...
December 13, 2023
Celltrion's Avastin biosimilar listed on Ventegra's formulary

Celltrion Healthcare, Celltrion Group’s overseas sales unit, announced Tuesday that Vegzelma, Celltrion’s biosimilar referencing Roche's Avastin (bevacizumab), has been listed as a preferred drug on a formulary managed by Ventegra. “Through Ventegra's proprietary formulary program, which covers...
December 13, 2023
Mirae Asset Securities acquires Indian brokerage firm

Mirae Asset Securities has acquired Sharekhan Limited, India’s major brokerage firm, in a $370 million deal to bolster its expansion in the world’s fifth-largest economy. The firm has signed a share purchase agreement with BNP Paribas SA for the acquisition of Sharekhan Limited, according to an ...
December 12, 2023
[From the scene] Convenience store chain riding high on ramen boom

Equipping stores with instant ramen cooking machines and dining spaces is not a new strategy for CU, which has been introducing the machines since 2016. BGF Retail, the convenience store chain’s operator, explained that it decided to launch the ramen-specialized store due to the increasing sales o...
December 12, 2023
Starbucks Korea launches W500m year-end fundraiser

Starbucks Korea said on Monday it would hold its annual Christmas event to raise funds for nongovernmental organizations and community organizations. The fundraiser is the specialty coffee chain's largest social contribution event, and started in 2015. This year’s event is set to kick off Tuesda...
December 12, 2023
LG Uplus, Toyota team up to extend EV charginbg network

Toyota Motor Korea and LG Uplus, the nation’s main telecommunications carrier, have joined hands to build an electric vehicle charging network in line with the electrification megatrend, the companies said Monday. Under the memorandum of understanding, the mobile carrier agreed to supply its EV c...
December 12, 2023
Questions raised over Uniqlo’s hefty dividend payouts

South Korean operator of the Japanese fashion giant Uniqlo, FRL Korea, has announced substantial dividends for the second consecutive year, with dividends surpassing the company's net profit for the 2022 fiscal year by 52.8 billion won ($40 million). According to the Financial Supervisory Service'...
December 12, 2023
S-Oil honors Korea's firefighters

South Korean oil refiner S-Oil on Monday recognized eight firefighters for their heroic rescue efforts, handing out a total of 90 million won ($68,240) in prizes at the awards ceremony in Seoul, as part of the company's ongoing campaign to support the nation's firefighters. The ceremony was co-hos...
December 12, 2023
Porsche Korea CEO named honorary Seoul citizen

Porsche Korea CEO Holger Gerrmann has been appointed as an honorary foreign citizen of Seoul, the German automaker's Korean office said Monday. "Blending historical landmarks and modern cityscapes and combining vibrant cultural diversity, Seoul is a city that inspires dreamers and is full of posit...
December 12, 2023
LG Innotek to showcase mobility, AI tech at CES

LG Innotek said Monday that it will double the size of its exhibition booth compared to last year at the annual CES tech show held in Las Vegas in January to showcase its latest mobility and artificial intelligence technologies. The booth, spanning 330 square meters, will be set up at the entrance...
December 12, 2023
Samsung sets out in search of ‘unprecedented’ technology

Samsung Electronics has established new teams devoted to forging new ideas for the future of its smartphones and home appliances businesses, according to the company on Monday. The latest organizational restructuring of the tech giant comes as its chairman, Lee Jae-yong, has emphasized technologic...
December 12, 2023
Hyundai, Kia file patent for 'automatic' snow chains

Hyundai Motor and its sister company Kia on Monday unveiled a new tire technology that promises to improve winter driving safety and convenience by offering an automatic, hassle-free alternative to traditional snow chains. The patented technology integrates snow chains into the tire using a shape ...
December 12, 2023
Daewoo E&C chief visits Cambodia for new business opportunities

Daewoo Engineering & Construction said Monday that Chairman Jung Won-ju met with Say Sam Al, the Cambodian minister of land management, to discuss new business opportunities in the Southeast Asian country. Cambodia was the last destination of Jung’s overseas business trip that started last month....

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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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