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The Korea Herald

Markets

November 13, 2023
LG Display set for turnaround next year, buoyed by Apple’s first OLED iPad

LG Display is expected to get out of the red next year earlier than expected, by supplying organic light-emitting displays for Apple's upcoming iPad Pro, of which the panels are to be three times more expensive than that of the iPhone. According to industry sources on Sunday, the Korean panel make...
November 13, 2023
Korean banks to offer loans for Polish weapons deal

South Korea's top five commercial banks will provide the first tranche of a syndicated loan worth 3.5 trillion won ($2.65 billion) to the Polish government to finance a follow-up weapons purchase deal with Korean arms companies, industry sources said Friday. This decision came after South Korea's ...
November 13, 2023
[Hello Indonesia] How Mirae Asset mesmerized Indonesian investors with cartoon

Deeply understanding a country and translating it into a business strategy is the biggest challenge and core mission for any company trying to make inroads into a new market. For Mirae Asset Securities to hold the largest share in the Indonesian capital market, the brokerage firm took a unique app...
November 13, 2023
Kumho Petrochemical comits to net zero by 2050

Kumho Petrochemical Group has reiterated its corporate-wide commitment to enhancing environmental and safety measures while developing a sustainable management system to begin carbon-neutral growth by 2035 and achieve complete carbon neutrality by 2050. Kumho Petrochemical and its affiliates, incl...
November 13, 2023
Modern pentathlete wins Dong-A Otsuka scholarship

South Korea’s leading beverage maker Dong-A Otsuka said Friday that it delivered scholarship funds worth 5 million won ($3,800) to Shin Su-min, a teenage modern pentathlete, at the 17th Youth Hero Prize ceremony hosted by the Korea Scout Association. The award, launched in 2007 by the KSA, aims t...
November 13, 2023
Samyang aims to lead future K-food culture

South Korean food giant Samyang Roundsquare, formerly known as Samyang Foods Group, has been rapidly expanding its global presence with the soaring popularity of its bestselling spicy ramen products. Over the past decade, its flagship Buldak Ramen has established itself as a leading Korean brand, ...
November 12, 2023
South Korea’s commercial real estate market shrinks in Q3: report

South Korea's commercial real estate market retreated in the third quarter as foreign investments declined due to high pricing, according to a report from market tracker MSCI Real Assets on Thursday. Local commercial real estate transactions in the third quarter stood at $4.6 billion, marking a 34...
November 12, 2023
Businesses to have access to forex brokers under bill revision

Non-financial entities, including export companies, will be allowed to make transactions through forex aggregators, a service which has until now been limited to financial firms, according to an announcement from the Finance Ministry on Friday. The reform comes as part of the proposed revision to ...
November 12, 2023
Hanlim to debut one-stop real estate service in India

Hanlim Architecture Group, Korea’s comprehensive real estate service company, said Friday that its Indian unit, Hanlim India, inked a partnership deal with India's construction and management company Innovative Construction, as part of its plans to secure a foothold in the country’s burgeoning re...
November 12, 2023
Renault Korea's Busan plant to produce all-electric Polestar 4 from 2025

Renault Korea Motors said Friday it has signed a deal with Swedish carmaker Polestar and China's Geely Holding to produce the all-electric Polestar 4 at its Busan plant from the second half of 2025. Renault Korea has dedicated efforts since 2022 to prepare for the manufacture of high-end mid-size ...
November 12, 2023
Posco narrowly avoids strike as union accepts wage deal

Posco has avoided the first-ever strike in its 55-year history as its management and union reached an agreement following six months of wage talks. The wage negotiation was concluded as the union voted to accept a tentative agreement made by the two sides on Thursday night. Of 11,245 union member...
November 12, 2023
HD Hyundai CEO promoted to vice chairman

South Korean shipbuilding and energy conglomerate HD Hyundai promoted Chung Kisun, the president and CEO of HD Hyundai, to vice chairman on Friday, as part of a leadership reshuffle that also included promotions for several other executives. Chung Kisun's tenure as president was marked by his role...
November 12, 2023
Celltrion Healthcare wins Brazil's bid to supply Remsima for 3rd year

Celltrion Healthcare, Korean biosimilar giant Celltrion’s sales unit, announced that the company has won the Brazilian Federal Government’s bid to supply biosimilar infliximab Remsima for the third consecutive year. Under its contract with the Brazilian government, Celltrion Healthcare will ship...
November 10, 2023
KDI slashes 2024 growth to 2.2%

On the contrary, regardless of the economy still far from making a full recovery, inflation is yet to wane. The think tank projects inflation to grow at 2.6 percent in 2024. Though this is significantly lower than the 3.6 percent cited for this year, the estimates for both 2023 and 2024 are higher...
November 10, 2023
AI in your pocket: Samsung Galaxy S to feature real-time phone call translator

Samsung Electronics’ flagship Galaxy S smartphones will offer a real-time translation function for phone calls, the tech giant said Thursday. The surprise announcement comes a day after it unveiled Samsung Gauss, its own generative AI model, which will make its commercial debut on the upcoming Ga...

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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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