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Shinsegae, Coupang chiefs build ties with key figures at Trump inauguration

Shinsegae, Coupang chiefs build ties with key figures at Trump inauguration

Korean business leaders attending Donald Trump's presidential inauguration on Monday networked with key political and business figures in the new Trump administration. Their roles, especially with a l

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Korea Zinc power struggle reaches new level

MBK warns of criminal accusation; Korea Zinc invites rivals on board After four months of power struggle and a 13-hour shareholder meeting on Thursday, the battle over management control of the world’
Companies

Kia breaks record in sales, profit in 2024 despite EV slump

Automaker hits all time high global sales of 3.1 million units Kia, Hyundai Motor Group’s smaller affiliate, set a major milestone last year, marking record-high sales and profits, even amidst a downt
Companies

Rice consumption hits record low, but use in alcohol production rises

Per capita rice consumption in South Korea reached an all-time low in 2024, continuing a decades-long decline, according to new government data. A report released by Statistics Korea shows that the av
Companies

LG Electronics to become largest shareholder in Bear Robotics

LG Electronics said Friday it would become the largest shareholder in Bear Robotics by exercising a call option to acquire an additional 30 percent stake in the US-based robotics firm. The decision, m
Tech

Gmarket, Malltail join hands to boost cross-border e-commerce

Shinsegae Group’s e-commerce unit Gmarket announced Friday that it has partnered with Malltail, a global logistics and e-commerce provider, to strengthen overseas shopping services and competitiveness
Companies

Mirae Asset to invest W290b into Indian unit

South Korea’s leading brokerage house Mirae Asset Securities plans to inject around 290 billion won ($202 million) into its Indian subsidiary, aiming to expand its presence in the fast-growing country
Companies

KMI opens expanded medical checkup center in Gwanghwamun

Korea Medical Institute announced Friday the opening of its newly expanded Gwanghwamun Medical Checkup Center, offering upgraded facilities and improved accessibility in the heart of Seoul. The new ce
Companies

Samsung SDI's Q4 profit turns red for first time in 7 years

Samsung SDI said Friday it posted a fourth-quarter deficit in 2024, its first quarterly loss in seven years, amid an electric vehicle slowdown largely driven by reduced consumer subsidies and increase
Tech

Samsung Electro-Mechanics hits record revenue in 2024

Samsung Electro-Mechanics, the electronic parts subsidiary of Samsung Electronics, said its annual revenue hit a record high last year, exceeding 10 trillion won ($6.99 billion) for the first time in
Markets

Zyx Technology donates W1b CAD software licenses to CBNU

South Korea design software developer Zyx Technology announced Friday that it has donated Zyx CAD licenses valued at 1 billion won ($698,680) to Chungbuk National University. Under the three-year agre
Companies

Korea Zinc limits rival’s voting rights to fend off takeover

Culmulative voting system approved for March general meeting amid looming legal fight The current management of Korea Zinc tied the hands of takeover contender MBK-Young Poong, partially limiting the
Companies

Hyundai Motor reports record sales, slower profits in 2024

Hyundai Motor Company fell short of achieving record-breaking performance last year, as profits declined for the first time in two years amid deepening uncertainties in the domestic economy and major
Tech

Riding high on AI boom, SK hynix beats earnings estimates

Buoyed by record sales and profits, chipmaker offers rosy outlook as HBM leader SK hynix, the world's second-largest memory chip maker, logged its best-ever yearly earnings in 2024, successfully capit
Companies

Chaebol ramp up US lobbying with Samsung leading the pack

New US policies prompt aggressive lobbying by biggest players; Hanwha outpaces Hyundai in spending for first time South Korean conglomerates increased their spending on lobbying in the US last year, w
Companies

Korea launches state body to boost biotech industry

South Korea launched a national committee dedicated to biotechnology Thursday, in a strategic move to enhance the nation's global competitiveness in the rapidly evolving biotech market. At its inaugur
Markets

Korea’s growth slumps to 0.1% in Q4, 2% for 2024

South Korea’s economy limped to a 0.1 percent quarterly growth rate in the final quarter of 2024, bringing full-year growth to a disappointing 2 percent, according to the Bank of Korea on Thursday. Th

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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