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The Korea Herald

Markets

December 10, 2023
DS Dansuk seeks W100b IPO to spur growth

DS Dansuk, South Korea’s resource recycling company, on Friday threw its hat into the ring as the last candidate for a market debut this year, with bold plans for businesses ranging from biodiesel to battery and plastic waste recycling. “After the initial public offering, we will set up addition...
December 08, 2023
Citibank Korea hosts digital forum for corporate clients

Citibank Korea on Wednesday shared insights on the digital market and presented overseas business opportunities to the nation’s leading digital companies during the “Korea Digital Leaders Summit 2023." The summit targeted the bank’s corporate clients, who run businesses on digital platforms inc...
December 08, 2023
Samsung SDI renews push for all-solid-state batteries

Samsung SDI said Thursday it has set up a team dedicated to pushing forward the development of the next generation all-solid-state batteries. All-solid-state batteries are called “game changer batteries,” in which all the components are solid. Theoretically, they have higher levels of energy den...
December 08, 2023
LG H&H sales up 294% in half year on Japan's Qoo10

South Korean beauty giant LG Household & Health Care said Thursday that its sales on Japan's Qoo10 posted record growth of nearly 300 percent after its debut on the country's leading online marketplace just six months ago. Since June, the company has actively been raising its brand awareness and e...
December 08, 2023
LG wins SOAFEE board membership to join Arm, Bosch

LG Electronics said Thursday it has become the ninth governing body member of the Scalable Open Architecture for Embedded Edge, also known as SOAFEE, opening up opportunities in the future mobility industry. Established in 2021, SOAFEE is a special interest group of companies working together to b...
December 08, 2023
SK carries out complete reshuffle of top brass

While appointing his cousin as the No. 2 executive in the SK Group, Chey Tae-won has also promoted his oldest daughter, Chey Yoon-chung, as an executive to lead business development at SK Biopharmaceuticals. Chey Yoon-chung, 34, became the youngest executive promoted in Thursday's reshuffle. Chey...
December 08, 2023
Succession scheme taking shape at Lotte

Lotte Group's year-end reshuffle announced on Wednesday signals a focus on new growth opportunities, placing the third-generation scion at the forefront. The conglomerate, ranked as the country's sixth-largest, has initiated this year's executive reform as it grapples with declining performance in...
December 08, 2023
[From the Scene] Doosan to double output of 'cobots' with advanced but cheaper sensors by 2024

Lee Sang-min, a manager from Doosan’s partner firm Erop, demonstrated a laparoscopic surgical assistant cobot designed for medical applications. This cobot, priced at under 100 million won, is human-controlled to handle a 3-kilogram load to alleviate physical strain from surgeons during lengthy op...
December 08, 2023
[KH Explains] After roller-coaster year for K-pop stocks, what to expect next year?

It was a rough year for K-pop, with big firms' shares taking a roller-coaster ride despite outstanding performances, hitting an annual peak in the summer and plummeting in recent months. But the bumpy ride is set to settle down for the most part, with major risk factors being resolved and individu...
December 08, 2023
LG's new research promises potential for 900km-range EVs

LG Energy Solutions and the nation's top-ranked Korea Advanced Institute of Science and Technology have made a significant discovery in lithium metal battery technology, as revealed in a research paper in the prestigious journal Nature Energy, potentially increasing electric vehicle range by 50 per...
December 07, 2023
[KH Explains] Banks, regulators trade blame for snowballing ELS losses

Korea is in the middle of blame-shifting, as banks face more than 3 trillion won ($2.28 billion) in losses combined in the first half of next year from the sales of equity-linked securities tied to a Hong Kong index. Financial authorities are considering creating guidelines for compensation regard...
December 07, 2023
Mirae Asset Securities names new CEOs

Mirae Asset Securities, Korea’s largest investment bank and securities firm, said Wednesday that it has appointed Vice Chairman Heo Sun-ho as CEO. He will lead the company’s sprawling business together with Vice Chairman Kim Mi-seob, whose appointment was confirmed earlier in October. With Heo’...
December 07, 2023
KFCC hosts workshop for sustainable growth in Africa

The Korean Federation of Community Credit Cooperatives, the nation’s leading mutual financial institution, said Wednesday it successfully hosted a three-day workshop in Kenya, to discuss ways to foster financial inclusion and a transition to sustainable growth in Africa. The workshop titled “Coo...
December 07, 2023
Posco wins W300b EV parts deal with US carmaker

Posco International announced Wednesday it has signed a contract worth 300 billion won ($229 million) to supply electric vehicle parts to an American manufacturer, ramping up its presence in the green vehicles industry. Under the contract, Posco International will supply electric vehicle reducers ...
December 07, 2023
Posco Future M to supply battery materials for LG-GM’s JV in US

Posco Future M said Wednesday its Pohang plant in North Gyeongsang Province had started the supply of high-nickel cathode materials to the US-based Ultium Cells, the joint venture of LG Energy Solution and General Motors. Following its manufacturing plant in Gwangyang, South Jeolla Province, the P...

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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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