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The Korea Herald

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BOK stands pat on key rate amid falling won

BOK stands pat on key rate amid falling won

South Korea's central bank held its base rate steady at 3 percent Thursday, keeping its guard up against the further weakening of the local currency. Following two consecutive 0.25 percentage point ra

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Coupang founder to attend Trump's inauguration

Coupang founder and CEO Bom Kim will attend US President-elect Donald Trump's inauguration ceremony in Washington, DC, on Jan. 20, according to industry sources Thursday. Kim, who leads the New York-l
Markets

Korea Investment’s ESG rating gets upgrade on MSCI

Korea Investment Holdings, the company behind South Korea's leading brokerage house Korea Investment & Securities, earned an MSCI rating upgrade for its efforts to boost environmental, social and gove
Companies

Korea Zinc wins key endorsement from proxy advisers in fight with MBK

A handful of proxy advisory firms here and abroad have endorsed Korea Zinc’s proposal for an extraordinary general shareholders meeting next week, supporting the current leadership of the world’s larg
Companies

Doosan Skoda Power eyes IPO in Czech Republic

Doosan Enerbility subsidiary expected to serve as outpost for European nuclear power deals Doosan Skoda Power, the turbine subsidiary of Korean nuclear power plant builder Doosan Enerbility, is eyeing
Companies

Affinity denies links to China. Why the fuss?

'China fear' resurfaces as Affinity controls local rental car market amid BYD‘s Korean debut Affinity Equity Partners, the buyout firm that has been on a long shopping spree in Korea, last week made a
Tech

Telcos threatened by Samsung's new subscription service

South Korea’s major telecommunication companies are closely monitoring Samsung Electronics’ upcoming smartphone subscription service, AI Subscription Club, concerning its potential impact on the domes
Markets

South Korean insurers hit by California wildfires

South Korean insurers are bracing for losses from the massive wildfire in Los Angeles, with DB Insurance and Korean Re bearing the largest impact, costing them approximately 90 billion won ($61.8 mill
Markets

BOK warns 4Q growth rate may fall below 0.2%

Central bank holds key rate at 3 percent to defend local currency South Korea’s growth rate in the fourth quarter of last year could have plunged to 0.2 percent or under, following the political turmo
Companies

BYD makes bold debut on Hyundai’s home turf

China’s electric vehicle juggernaut BYD has made a bold entry to South Korea -- the home turf of its global rival Hyundai Motor Group -- with a competitive pricing strategy to attract EV consumers. “W
Tech

LG Display CEO pledges turnaround in 2025

Major flatscreen maker unveils 4th generation OLED panel for AI TVs LG Display CEO Jeong Cheol-dong pledged a turnaround in 2025, introducing the company's new business strategy dubbed "JUMP" on Thurs
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Samsung Biologics powers up ADC business with new facility, key partnerships

SAN FRANCISCO -- Samsung Biologics has made a major move into the antibody-drug conjugate market, announcing that its newly constructed 500-liter ADC-dedicated production facility will commence operat
Companies

Ultium Cells to secure graphite from North America from 2027

Ultium Cells, a joint venture between LG Energy Solution and General Motors, will secure synthetic graphite from North America, reducing its reliance on Chinese supplies, its Norwegian partner Vianode
Tech

Samsung, IBM to provide emergency communications network in UK

Samsung Electronics announced Thursday that it will partner with IBM to provide a frontline emergency communications network in the UK. Samsung said it will provide its mission-critical solutions to s
Bio

Hanmi Pharmaceutical steps up in global obesity drug race

SAN FRANCISCO ― Hanmi Pharmaceutical is poised to bring a new chapter to obesity treatment, a topic that has garnered significant attention at this year’s JP Morgan Healthcare Conference. Despite the
Markets

Kakao Bank showcases fintech innovations at leading AI conferences

Kakao Bank, a Korean internet-only bank affiliated with Kakao Group, said Thursday that its fintech lab has been showcasing its advancements in artificial intelligence at prestigious conferences like
Companies

Decoding black box from Korea’s crashed airplane

A joint investigation between Korea and the United States has been underway to figure out what caused the deadly Jeju Air Boeing 737-800 crash that killed 179 passengers and crew at Muan International

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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