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The Korea Herald

Markets

November 30, 2023
Hyundai Elevator, Erbud team up to rebuild Ukraine

Hyundai Elevator has joined hands with Erbud, the third-largest constructor in Poland, to cooperate on a reconstruction project in Ukraine, the Korean company said Wednesday. Hyundai Elevator and Erbud signed a memorandum of understanding in Warsaw, Poland, on Tuesday. The signing ceremony was att...
November 30, 2023
Posco completes Korea’s first lithium hydroxide plant

Posco Holdings said Wednesday that the steel giant has completed the construction of the country’s first lithium hydroxide factory, a move to strengthen its competitiveness in the global lithium race. The new facility is located within the Yulchon Industrial Complex in Suncheon, South Jeolla Prov...
November 30, 2023
[Herald Interview] Decoding crypto through charts

The answers are all out there in the charts for Iron Won, who leads Youth Meta, the holding company of crypto trading service operator BlockSquare Seoul. After a prolonged period of uncertainty in the cryptocurrency market, the crypto winter seems to have come to an end. As market sentiment lighte...
November 30, 2023
BlockSquare Seoul reads crypto market trends

BlockSquare Seoul, under the wing of its holding company Youth Meta, provides virtual currency trading assistant services based on algorithms powered by artificial intelligence technology. Founded in 2016, the firm’s robo advisor, Goyabot, offers market prediction for some 180 cryptocurrencies, s...
November 30, 2023
SK Bioscience to supply Novavax’s new COVID-19 vaccine in Korea

SK Bioscience announced Wednesday that the company would supply Novavax's updated COVID-19 vaccine in South Korea, as part of the government’s winter vaccine program running early next year. SK Bioscience's announcement was made after the Ministry of Food and Drug Safety of South Korea gave emerg...
November 30, 2023
Corporate Korea explores new opportunities in Expo bid

Launching a task force with top executives of the conglomerate in June last year, Chey also established a special office in Paris it named "Maison de Busan." There, he frequently held meetings with ambassadors and government officials linked with the BIE, the World Expo's organizing body, SK Group ...
November 30, 2023
GS Group carries out largest executive reshuffle

GS Group, the South Korean energy, retail and construction conglomerate, on Wednesday said it promoted 50 executives across its affiliates, the most the group has carried out in its annual reshuffle since its establishment in 2005. The promotions include Kim Seong-min, new CEO at GS Caltex, Yoo Ja...
November 29, 2023
HiteJinro soju seeks bigger footing in UK

South Korean liquor giant HiteJinro said Tuesday it is expanding its distribution network of soju products in the UK as part of efforts to strengthen its market presence in Europe. Since last week, HiteJinro has started selling its Jinro Green Grape Soju and Jinro Peach Soju at 88 Sainsbury's stor...
November 29, 2023
KIPO chief strengthens IP alliances with Middle Eastern counterparts

The Korean Intellectual Property Office has moved to strength relations with authorities in the Middle East to pursue cooperation in intellectual property fields, ranging from manpower training to patent information utilization. According to the KIPO, its commissioner, Lee Insil, held a series of ...
November 29, 2023
[Herald Interview] Korea ramps up high-tech IP protection and leak crackdown

The Korean Intellectual Property Office, under the leadership of Commissioner Lee Insil, has been implementing multiple measures to support high-tech industries by speeding up patent processes, particularly in semiconductors and displays, while also tackling technology leakage and enhancing interna...
November 29, 2023
Samsung's Harman acquires audio platform Roon

Harman, Samsung Electronics' audio and automotive component subsidiary, said Tuesday it acquired Roon, a popular music player platform, to strengthen its home audio business. Roon is a music player platform for enthusiasts, featuring a rich interface for browsing and discovering music, compatibili...
November 29, 2023
LG Electronics CEO to present AI vision at CES

LG Electronics CEO Cho Joo-wan will lay out the blueprints for the home appliance giant’s vision and innovation in artificial intelligence-based future growth a day ahead of the opening of the Consumer Electronics Show in January in Las Vegas, according to the company on Tuesday. Under the theme ...
November 29, 2023
Volvo EX30 debuts in Korea

Volvo on Tuesday launched its latest all-electric sport utility vehicle, EX30, in South Korea, emphasizing the EV’s extraordinary safety technology and affordable prices to win the hearts of local customers. “EX30 is a premium all-electric vehicle that has everything required to move toward a sa...
November 29, 2023
Hyundai’s ‘Uni Wheel’ system gives more room for different car designs

Hyundai Motor Group on Tuesday unveiled a more compact, integrated wheel system that frees up more room for futuristic car designs. Called “Uni Wheel,” short for Universal Wheel Drive System, the system integrates the constant velocity joints – a device that links the vehicle’s transmission to...
November 29, 2023
China’s AliExpress eyes expansion in Korea

AliExpress, an online direct purchase platform owned by Chinese e-commerce giant Alibaba Group, is considering whether to set up a massive logistics center in South Korea in a sign of business expansion, according to industry sources on Tuesday. “Given the extent of AliExpress’ expansion here, t...

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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
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