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The Korea Herald

Markets

November 17, 2023
Samyang post record sales on China's Singles Day

South Korean food manufacturer Samyang Foods said Thursday it posted new record sales of 13 billion won ($10 million) on this year’s Singles Day, a Chinese shopping festival celebrated every year on Nov. 11. The figure is a jump of 39 percent from a year ago, beating the previous record high of 1...
November 17, 2023
[Herald Interview] Lotus bets big on Korea’s luxury car market

The 75-year-old Lotus brand will resonate well with brand-savvy Korean customers, who have a lot of knowledge about car brands’ heritage and look for high levels of performance and practicality as well as strong design statements, according to Balmer. Lotus cars, even before the official relaunch...
November 17, 2023
Ex-Shinhan chief tapped to lead Korea Federation of Banks

Shinhan Financial Group's former Chairman Cho Yong-byoung has emerged as the final nominee for the chairman position of the Korea Federation of Banks to head the association for the next three years. In a meeting held on Thursday, the KFB's Chairman Candidate Recommendation Committee chose Cho as ...
November 17, 2023
K-water unveils new vision to tackle climate change

Korean Water Resources Corp., or K-water, on Thursday declared its new vision to be that of a “global water corporation leading solutions for climate change,” with the aim of promoting the nation’s green industry and providing people with clean water resources. On Thursday, CEO Yun Seog-dae ann...
November 17, 2023
SK Telecom CEO shows confidence in AI-centered growth strategy

Sapeon, a global AI semiconductor company that spun out from SK Telecom in April 2022, unveiled its latest AI chip, X330, for the first time, at Thursday’s event. The X330 neural processing unit targets data centers, boasting a performance level over four times greater and has twice the power eff...
November 17, 2023
Chinese beer imports plunge amid Tsingtao scandal

South Korea’s beer imports from China decreased by over 40 percent last month after a hygiene incident at a Tsingtao brewery was revealed. Imports of Japanese beer products, on the other hand, increased by over 300 percent. According to data from the Korea Customs Service on Thursday, Korea’s im...
November 17, 2023
iStaging Asia eyes patents for spatial web tech

iStaging Asia, a joint venture between South Korean company I&OK and Taipei-based iStaging, said Thursday it has applied for a total of three patents in the field of three-dimensional spatial web transformation. The patents include: 3D spatial transformation from a 2D model, 3D spatial editing and...
November 17, 2023
LG to debut EV chargers in US next year

LG Electronics will make its official debut in the US electric vehicle charger market with its own slow and rapid charger models, the tech giant said Thursday. The company plans to roll out an 11-kilowatt charger and a 175kW fast-charging model in the US market in the first half of 2024. To meet t...
November 17, 2023
Global Kimchi Day declared

Korea Agro-Fisheries & Food Trade Corp. on Thursday declared "Global Kimchi Day" to raise awareness about the Korean staple food globally, together with Korean food buyers and foreign diplomats during the Buy Korean Food trade fair in Seoul. The state-run food trade agency, known as aT, has alread...
November 16, 2023
Samsung, SK chiefs may accompany president during visit to Netherlands

The heads of South Korea’s top two conglomerates Samsung Group and SK Group are expected to travel to the Netherlands, a semiconductor powerhouse, next month to accompany President Yoon Suk Yeol on his state visit there, according to industry sources on Wednesday. Yoon is scheduled for a state vi...
November 16, 2023
BNK Busan Bank to pilot English-speaking services

BNK Busan Bank, a commercial lender based in the southern port city of Busan, will pilot English-speaking services at three branches in collaboration with the Busan city government, starting in January 2024. Special counters staffed by English-speaking personnel will be set up to cater to the need...
November 16, 2023
Google offers data residency for Korean corporate clients

Google Cloud has enabled Korean customers to use the tech giant’s generative artificial intelligence services to store their data domestically instead of overseas to alleviate customers’ worries over data leakage, while ramping up its efforts to expand its presence in the enterprise generative AI...
November 16, 2023
Samsung Bioepis to develop MSD's Keytruda biosimilar

Samsung Bioepis, a biosimilar developer under Samsung Group, will embark on the development of a biosimilar candidate referencing MSD’s Keytruda (pembrolizumab), one of the best-selling drugs in the world. According to the Ministry of Food and Drug Safety on Wednesday, Samsung Bioepis has receive...
November 16, 2023
Posco International to build modular factory in Ukraine

Posco International announced Wednesday that the company would join Ukraine’s reconstruction, starting with setting up a factory to manufacture modules for new buildings in war-torn regions of the country. Posco International Vice Chairman Jeong Tak on Tuesday met with Vitaliy Kim, governor of My...
November 16, 2023
SK to create world's first advanced plastic recycling cluster, breaks ground in Ulsan

South Korean chemical company SK Geocentric has started the construction of a new advanced plastic recycling cluster -- the first of its kind in the world -- in the southeastern city of Ulsan. With the new cluster, named the Ulsan Advanced Recycling Cluster, or ARC, the company aims to expand its ...

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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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