February 07, 2023

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EDITOR'S PICKS

• Markets 
  

  [Herald Interview] 'Premium laptops essential to complete Galaxy ecosystem'

  SAN FRANCISCO -- Samsung Electronics is hoping to expand its presence in the global laptop market where it remains a tiny player, as people are replacing their laptops more frequently after pandemic disruptions. “The replacement cycle of laptops is getting shorter from the previous life span of five years on average since the electric devices are turning into true ‘personal computers’ during the pandemic years,” said Lee Min-cheol, corporate vice president of Samsung&rs

• Markets 
  

  SK Innovation CEO pledges to accelerate green transition

  Kim Jun, CEO of South Korea’s largest energy company SK Innovation, reaffirmed the company’s commitment to go net zero with more detailed action plans to be implemented across the firm. In a recent interview with the firm’s official news channel SKinno News, Kim revealed that this will be the first year to begin implementation of its greenhouse gas emission reduction plan called “All Time Net Zero.” The All Time Net Zero vision was announced last year during the 6

• Markets 
  

  [Herald Interview] DHL to triple logistics capacity at Incheon Airport: CEO

  With the exponential growth of South Korea’s e-commerce market during the pandemic, Frank Appel, CEO of global logistics giant Deutsche Post DHL Group, has vowed to triple the company’s logistics capacity at Incheon Airport, the nation’s main gateway, this year. “DHL base in Incheon is our key Asia-Pacific network that connects Singapore, Taiwan, Hong Kong, China and other major countries of imports and exports. This investment highlights the strategic position of South

• Markets 
  

  FSS chief vows to facilitate Korean financial firms’ global expansion

  Lee Bok-hyun, chief of the Financial Supervisory Service, pledged to help local finance companies beef up their presence in the overseas market on Monday. The country's financial watchdog will first hold talks with counterparts in Southeast Asia, which are considered the major market for domestic financial firms. “I understand that there are demands from local banks and securities firms, asking the FSS to communicate with foreign financial watchdogs in markets that they have entered,&rd

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  [Herald Interview] Samsung bets big on cameras to fight Apple

  SAN FRANCISCO -- Samsung Electronics unveiled the new Galaxy S23 smartphones, the latest lineup of its flagship S series, on Wednesday, putting much emphasis on enhanced camera functions -- a secret weapon to fight against its archrival, Apple. “We’ve enhanced our camera system that allows users to take the best photos and videos in any environment. … The Galaxy S23 series not only comes with a 200-megapixel sensor but also provides a satisfactory camera experience with more

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  Hyundai gains momentum with high-performance cars

  With the automotive industry underscoring technology as a key driver of growth, high-performance brands under leading car manufacturers are becoming the testbed to enhance their car models’ driving features, ranging from speed to durability. Hyundai Motor Group, South Korea's No. 1 carmaker, is also gaining momentum with its performance line, N Brand, by testing its popular models in tour car racing, a motorsport that uses modified versions of mass-produced cars. “The biggest op

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  New EU rules picked No. 1 ESG concern this year

  Four out of six South Korean companies picked the European Union’s upcoming due diligence act as the No. 1 concern for their ongoing environmental, social and governance efforts this year, saying heightened regulations could pose a direct threat to export-driven companies that are not yet fully ready. A survey of 300 companies affiliated with the Korea Chamber of Commerce and Industry, the nation’s biggest lobby, showed Sunday that 40.3 percent of the responding companies selected th

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  LG unveils net-zero goals in first group-wide report

  LG Group, the nation’s fourth-largest conglomerate, renewed its commitment to achieving net-zero goals by 2050 in a groupwide report on emissions reduction Sunday -- a first among major conglomerates in South Korea. In the report, titled "LG Net Zero Special Reporting: Placing the First Stepping Stone," the group outlines the plans and strategies LG companies will adopt to achieve the net-zero goals. Seven affiliates have signed on to the plan, including LG Electronics, LG Displa