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The Korea Herald

Markets

December 01, 2023
Corning appoints company veteran as new Korea head

US tech giant Corning Inc. said Thursday that it had appointed Vaughn Hall, its international vice president, as the president of Corning’s Korea Region and Corning Precision Materials. Starting his career at Corning in 1995 as a senior engineer in the company's Harrodsburg plant in Kentucky, Hal...
December 01, 2023
KT CEO carries out first organizational revamp

South Korean telecommunications giant KT Corp. on Thursday conducted the first organizational restructuring and executive shakeup since the company’s new chief, Kim Young-shub, took office in August. The telecom carrier has also set a new vision of a “digital innovation partner that creates a be...
December 01, 2023
[KH Explains] KG Mobility looks to turn to annual profit for 1st time in 7 years
December 01, 2023
Celltrion's Zymfentra to make US debut in February

Celltrion Healthcare, Celltrion Group's sales arm, announced Thursday that the company’s autoimmune disease treatment Zymfentra will make its debut in the US market on Feb. 29 next year. Zymfentra, which is also known as Remsima SC, is a subcutaneous injection formulation of Celltrion's inflixima...
December 01, 2023
[Exclusive] PUBG developer wins lawsuit against Chinese copycat in US

South Korean game developer Krafton has won a copyright lawsuit against Chinese game maker NetEase to put an end to a five-year legal battle as a US court sided with Krafton. According to a ruling by the Superior Court of the State of California for the County of San Mateo, the court said that Net...
December 01, 2023
KITA holds sourcing fair to support exporters

The Korea International Trade Association held the Korea Grand Sourcing Fair 2023 at Coex in southern Seoul on Wednesday and Thursday as part of its efforts to help domestic exporters enter overseas markets. According to KITA, this year’s event was attended by 152 buyers from 26 countries, who co...
December 01, 2023
KB Kookmin Bank CEO seeks 2nd term

KB Kookmin Bank CEO Lee Jae-keun has been nominated for a second term as the head of the nation’s top lender, KB Financial Group said Thursday. In a meeting held earlier in the day, the group’s CEO candidate recommendation committee named Lee as the sole and final candidate as the bank’s next C...
December 01, 2023
Toss Bank logs first quarterly profit

Toss Bank, a Korean internet-only bank, saw its first quarterly profit in the third quarter. The company on Thursday announced it logged a net profit of 8.6 billion won ($6.65 million) in the third quarter, shifting from a net loss of 10.5 billion won the previous term. This marked the first time...
December 01, 2023
Chung Mong-joon pays tribute to Henry Kissinger

Chung Mong-joon, the honorary chairman of the Asan Institute of Policy Studies, paid tribute on Thursday to the late Henry Kissinger, expressing deep sorrow over his passing that was announced late Wednesday. “Henry was a giant in global affairs; his insight and dedication have left an indelible ...
November 30, 2023
KT SAT to integrate Starlink for rapid, robust maritime internet

KT SAT, Korea's sole satellite service provider, announced Wednesday its plan to enhance its maritime communications service by integrating SpaceX's Starlink satellite technology. With this integration, KT SAT aims to address the growing demand for more robust and higher-speed internet at sea, dri...
November 30, 2023
Hyundai Motor says Expo bid bolstered global partnerships

Hyundai Motor Group, one of the most avid supporters of the ultimately unsuccessful Korean campaign to host the World Expo 2030 in Busan, reports having strengthened its worldwide business opportunities and global partnerships through the campaign-backing efforts across the globe. The Korean gover...
November 30, 2023
Korean Air orders 20 Airbus A321neo aircraft

Korean Air, South Korea's leading airline, said Wednesday that it has ordered 20 additional Airbus A321neo aircraft, as part of efforts to deliver a modern flight experience to its customers. With the latest order, the total number of its A321neo aircraft has reached 50. The Airbus A321neo is a s...
November 30, 2023
Yuhan-Kimberly wins first GMP certification for sanitary pads

Yuhan-Kimberly, the country’s leading hygiene product manufacturer, earned the first Good Manufacturing Practice recognition for a sanitary pad manufacturing facility. The firm on Wednesday said its factory in Chungju, North Chungcheong Province, acquired the Ministry of Food and Drug Safety’s G...
November 30, 2023
Hillstate Gayang flats in Daejeon to go on sale

Some 350 flats at Hyundai Engineering & Construction's new apartment complex, Hillstate Gayang The Wise, located in Gayang-dong, Daejeon, will go on sale in December. The 358 units at the three-building apartment complex range from 84 square meters to 155 square meters. At 49 stories high, Hillsta...
November 30, 2023
Samsung promotes execs in 30s, 40s for future growth

Samsung Group's key technology affiliates -- Samsung Electronics, Samsung Display and Samsung SDS, Samsung SDI and Samsung Electro-Mechanics -- on Wednesday promoted a swath of young executives in their 30s and 40s as part of their ongoing efforts to build a foundation for future growth. Samsung E...

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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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