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The Korea Herald

Market Now

May 16, 2023
Kolon invests W24b to target EV tire market

Kolon Industries will invest 24 billion won ($18 million) to increase the production of pure monomer resin, or PMR, to cope with the expanding electric vehicle market and the increasing demand for EV tires, the company said Monday. The South Korean chemical and industrial materials maker plans to ...
May 16, 2023
Kakao Pay to tap deeper into global market with Siebert: CEO

Kakao Pay, the online payment unit of South Korean tech giant Kakao Corp., will step up its stock trading service and expand global footing by launching a solution jointly with US brokerage firm Siebert Financial, the firm's CEO Shin Won-keun said Monday. “We are considering making a solution tha...
May 16, 2023
AmCham forum discusses generative AI and its impacts

The American Chamber of Commerce in Korea held a digital innovation forum on Monday, aiming to foster dialogue and exchange ideas about the rapidly expanding generative artificial intelligence industry with its stakeholders. The AmCham Digital Innovation Forum 2023, which was held for the second t...
May 16, 2023
Samsung eyes chip facility in Japan amid thaw in Seoul-Tokyo relations

Samsung Electronics, the world’s top chipmaker by revenue, is reportedly considering building an additional research and development facility in Japan amid a thaw in Seoul-Tokyo relations. Japanese media outlet Nikkei reported on Sunday that the Korean chipmaker will build a chip development faci...
May 16, 2023
[Herald Interview] US states compete to lure Korean battery makers

A growing number of US states are going all-out to attract lucrative production lines of Korean battery makers, with some of them offering hefty incentives in addition to the federal government’s tax cuts under the Inflation Reduction Act. “There’s a national competition among some states. It r...
May 15, 2023
[Beyond Earth] KAI poised to repeat success with satellite exports

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
May 15, 2023
[Test Drive] Hyundai Sonata gets sporty upgrade

As for the interior, the N Brand model took after the signature red stitches and N logos of the performance line on car seats. Both models offered spacious legroom and trunk for a midsized sedan. The controversial button gear in the former eighth generation model was replaced with a column gear shi...
May 15, 2023
[KH explains] Hanwha’s youngest heir targets new biz opportunities

Kim Dong-sun, head of strategic management at Hanwha Galleria and the youngest son of Hanwha Group Chairman Kim Seung-youn, is ramping up efforts to amplify his presence as a succession scheme at the nation’s seventh-largest conglomerate is taking shape centering on the chairman’s three sons. Wh...
May 15, 2023
SpaceX's Starlink gets approval for Korean business

The Ministry of Science and ICT has completed the registration of Starlink Korea, a local subsidiary of US space company SpaceX, as a common telecommunications business. According to the ministry on Friday, the government decided to grant the license to the US company after it reviewed its financi...
May 15, 2023
SK Group chips in for NYC cultural festival

SK Group is sponsoring art and cultural festivities in New York as part of business efforts to expand its presence in the US market. The SUPEX Council, the group’s highest consultative panel, confirmed that five SK affiliates -- SK E&S, SKC, SK On, SK C&C and SK Ecoengineering -- will participate...
May 15, 2023
Pulmuone to expand Asian noodle biz in US

South Korean food giant Pulmuone said Sunday it is planning on expanding the production line of its Asian noodle products in the United States by the end of this year, following its burgeoning Asian noodle business there. According to Pulmuone, the company said its sales of Asian noodles in the US...
May 15, 2023
Capital Group becomes Hana’s 3rd-biggest shareholder at 5.5%

US investment firm Capital Group has increased its stake in Hana Financial Group from the previous 5.08 percent to 5.55 percent, becoming the Korean financial giant’s third-largest shareholder. Following the 5.08 percent stake purchase in February, the US firm announced its additional stake purch...
May 15, 2023
KT forays into health care in Vietnam

South Korean telecommunications giant KT announced Sunday that it will push forward a non-face-to-face health care project in Vietnam involving health examination centers and artificial intelligence in medical fields. The company plans to conduct a pilot service for cancer and chronic disease pati...
May 15, 2023
Samsung, Tesla chiefs meet in Silicon Valley

Samsung Electronics Chairman Lee Jae-yong met with Tesla CEO Elon Musk at the Korean tech giant’s chip complex in Silicon Valley on Wednesday to discuss ways to strengthen cooperation in future tech industries, according to industry sources on Sunday. During the meeting, sources said the two busi...
May 14, 2023
HMM joins takeover bid to buy Hyundai LNG Shipping

HMM, South Korea’s largest LNG shipping firm, will join a bid to acquire a 100 percent stake in Hyundai LNG Shipping after selling the LNG carrier operator to a local private equity firm nearly 10 years prior. According to industry sources on Friday, HMM delivered its intent to participate in the...

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Herald Corporation |
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Title : The Investor |
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