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The Korea Herald

Market Now

March 08, 2023
Mastern to expand middle market business in US

Mastern America, the US arm of Mastern Investment Management, said Tuesday it has signed a strategic alliance agreement with New York-based property tech firm Koriny to expand its presence in US middle market properties. Under the partnership, Mastern hopes to offer investors a chance to invest in...
March 08, 2023
[K-Financiers] KB seeks firmer footing in Indonesia

This is the first installment of a series of interviews on chiefs who run overseas units of Korean asset management, banking and securities companies, examining their key strategies for global footprint expansion. -- Ed. Though it has been only a year since the launch of KB Valbury Sekuritas, Oh i...
March 08, 2023
Samsung’s retail store renamed as ‘Samsung Store’

Samsung Electronics said Tuesday its retail store brand Samsung Digital Plaza will be renamed as Samsung Store from Wednesday – the first revamp since the brand was launched in 2000. In addition to some 360 retail stores nationwide, all shops within department stores and large supermarket chains ...
March 08, 2023
Corporate Korea sees momentum in reviving ailing Japan business

Hyundai Motor Hyundai Motor Group, which withdrew from the Japanese car market in 2009 due to lukewarm sales, has been hinting at a grand comeback to the market since last year. “For the last 12 years, we have mulled over (ways to foray into Japan again,)” said Chang Jae-hoon, CEO of Hyundai Mo...
March 08, 2023
Kakao offers W1.25tr to buy SM shares

IT giant Kakao on Tuesday announced a tender offer for SM Entertainment’s shares held by minority shareholders at a price higher than what Hybe previously offered amid an intensifying race to win over the management rights of the K-pop powerhouse. Kakao and its subsidiary Kakao Entertainment offe...
March 08, 2023
SK Inc. Materials seeks expansion in US clean energy market

SK Inc. Materials, an advanced materials unit under South Korea’s SK Group, said Tuesday it is making an additional investment into 8 Rivers, a US clean energy tech firm specialized in developing carbon capture, utilization and storage (CCUS). With the planned investment, the Korean firm is expec...
March 08, 2023
[Newsmaker] Women make up just 24% of workforce at major companies

Only 1 out of 4 employees working at major Korean companies were women, with their average yearly income some 30 percent less than that of the men at the companies, according to a report from market tracker Korea CXO Institute. Korea CXO Institute analyzed the 15 South Korean companies with the hi...
March 07, 2023
Finance Minister confident inflation will soon cool off

South Korea's efforts to combat high inflation are showing signs of progress as consumer prices marked their smallest on-year increase in February in nearly 10 months, according to Statistics Korea on Monday. The consumer price index, a key indication of inflation, rose by 4.8 percent on-year last...
March 07, 2023
SK Inc. to boost inclusivity of board, shareholder benefits

SK Inc., the investment arm of SK Group, said Tuesday it has finalized the agenda for the upcoming shareholders meeting this month, which aim to boost both expertise and inclusivity of its board of directors and enhance shareholder benefits. The holding unit of the nation’s third-largest conglome...
March 07, 2023
7 in 10 Hyundai, Kia cars sold in US are SUVs

More than 7 in 10 cars sold by Hyundai Motor Group in the US were sport utility vehicles, according to the South Korean auto giant’s sales data unveiled Monday. In the first two months of this year, Hyundai Motor and its smaller affiliate Kia sold a combined 162,632 SUVs in the all-important US m...
March 07, 2023
Hybe's plan to take over SM via tender offer fails

K-pop powerhouse Hybe’s initial plan to gain stable management control over rival company SM Entertainment by buying more shares through a tender offer fall through. On Feb. 10, Hybe announced a tender offer for SM Entertainment’s shares held by minority shareholders. It offered 120,000 won ($92...
March 07, 2023
SK chief renews green push in Europe

SK Group said Monday that Chairman Chey Tae-won met with major business leaders in Spain, Portugal and Denmark to strengthen cooperation in green energy during his recent visit to Europe as a presidential special envoy. Chey had a meeting with Danish wind turbine company Vestas Chief Executive Off...
March 07, 2023
Seoul-Tokyo trade talks to resume after 3 years

South Korea and Japan have agreed to hold talks to scrap Tokyo’s export restrictions on key industrial materials to Seoul, taking a step closer toward mending their soured bilateral ties over the years. Korea’s Ministry of Trade, Industry and Energy said Monday it is starting negotiations with i...
March 07, 2023
SPC Samlip, Thailand’s Siam Makro to set up bakery JV

South Korean confectionery company SPC Samlip said Monday it has signed an agreement with Siam Makro, an affiliate of Thailand’s largest conglomerate CP Group, to make a foray into the Thai bakery market. This is the first time that the Korean firm has teamed up with a local company for overseas ...
March 07, 2023
[KH Explains] Will rise of ChatGPT save chipmakers from mounting inventories?

As the latest frenzy over ChatGPT, OpenAI's artificial intelligence chatbot, has prompted global tech giants to jump into commercializing their own large-scale language models and services, anticipation is growing in the semiconductor industry that the new tech market could create lucrative busines...

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