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The Korea Herald

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November 08, 2023
Samsung CEO highlights AI safety research

Samsung Electronics co-CEO Kyung Kye-hyun, who oversees the tech giant's chips business, called on experts to conduct more in-depth research on the safety, trustworthiness and sustainability of artificial intelligence in line with rapid advancements in technology. “The spotlight has recently shif...
November 08, 2023
Kyobo Life chairman wins top industry honor

Kyobo Life Insurance Chairman and CEO Shin Chang-jae has been awarded the 2023 Insurance Hall of Fame Laureate award from the International Insurance Society, one of the insurance industry’s top honors. The awarding ceremony was held during the gala event of the Global Insurance Forum in Singapor...
November 08, 2023
LX International to acquire 60% stake in Indonesian nickel mine

LX International, the trading arm of South Korea's LX Group, said Tuesday it will buy a major stake in a nickel mine in Indonesia as it pushes to expand its resources business. The company's board of directors has approved an agenda to invest 133 billion won ($101.6 million) to acquire a 60 percen...
November 08, 2023
Celltrion posts record earnings in Q3, buoyed by upbeat biosimilar sales

South Korean biopharmaceutical giant Celltrion said Tuesday it posted record earnings in the third quarter, largely buoyed by upbeat sales of biosimilar products and solid contract manufacturing orders. Celltrion's revenue in the July-September period climbed 4.1 percent on-year to 672.3 billion w...
November 07, 2023
Coupang opens 2nd fullfillment center in Taiwan

South Korea’s e-commerce giant Coupang said Monday it has opened its second logistics center in Taiwan a year after starting its foray into the market, with plans to launch a third one in the first half of next year. The new fulfillment center, located in the northwestern city of Taoyuan, is a hi...
November 07, 2023
CJ debuts K-food delivery service in UK

South Korean food giant CJ CheilJedang announced Monday that it has launched the delivery service brand “Bibigo to-go” in the United Kingdom, in an effort to ramp up Korean food’s presence in the global market. Under a partnership with the UK-based food brand operator Peckwater Brands, Bibigo t...
November 07, 2023
Hyundai to develop own cheaper batteries for EVs

Hyundai Motor Group is expected to develop its own price-competitive lithium iron phosphate, or LFP, batteries for electric vehicles late next year to reduce dependence on China-made batteries, industry sources said Monday. According to media reports, under the two-year joint project with Korea-ba...
November 07, 2023
Samsung family to sell stakes worth W2.6tr to pay tax

Family members of Samsung Group, South Korea’s biggest conglomerate, are selling stakes worth some 2.57 trillion won ($1.97 billion) to pay their inheritance tax bill, according to a regulatory filing on Monday. Hong Ra-hee, the widow of the late former Samsung Group Chairman Lee Kun-hee, and her...
November 07, 2023
Korean commercial banks mull financing arms export to Poland

South Korean commercial banks are considering loan syndication for the Polish government to finance a weapons purchase deal worth 30 trillion won ($23.1 billion) with Korean arms companies, as state-run banks hit their loan limit for the contract. South Korea's Ministry of Defense on Monday held a...
November 07, 2023
Stock market soars as short selling ban takes effect

Korean stocks surged Monday on the expectation that investors will start to cover their short positions after the country’s financial authorities banned short selling. The main Kospi bourse climbed 5.66 percent, or 134.03 points, from the previous trading day to close at 2,502.37. The secondary K...
November 07, 2023
S-Oil awards citizen heroes of this year

South Korean oil refiner S-Oil said Monday it had delivered 140 million won ($107,700) and citizen honor awards to recognize 21 citizens who accomplished feats of heroism by risking their lives to help others this year. Under the partnership with Korea National Council on Social Welfare, the 2023 ...
November 07, 2023
Daewoong aims to reshape obesity market with patch-type treatment

Daewoong Pharmaceutical said Monday the company will develop a microneedle-based obesity treatment drug. The South Korean pharmaceutical company aims to start a phase 1 clinical trial next year and launch the treatment in 2028. Daewoong Pharmaceutical’s new obesity treatment will contain a synth...
November 07, 2023
LG Electronics opens Alaskan lab to develop HVAC tech in extreme weather

LG Electronics announced Monday that it has launched a research facility in Alaska to enhance the resilience of modern heating and cooling systems, collectively known as HVAC systems, in extremely cold conditions. The LG Advanced Cold Climate Heat Pump Laboratory is part of a collaboration that in...
November 07, 2023
SK Bioscience ramps up global cooperation to improve public health

South Korean pharmaceuticals firm SK Bioscience is ramping up efforts to enhance cooperation with global health care officials, especially in the biopharmaceuticals field in the post-pandemic era. According to the company on Monday, Jean Kaseya, director general of the Africa Centers for Disease C...
November 07, 2023
BAT design chief stresses responsible design

Global tobacco giant British American Tobacco Group discussed its future design strategies during a design conference held in Seoul last week, highlighting the social and ethical responsibilities industrial designers must undertake when designing heating tobacco products, according to the company o...

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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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