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May 15, 2025
Korean firms key to US industrial strength, says trade association chief in Washington

Korean companies are playing a vital role in the US, according to Korea International Trade Association Chair Yoon Jin-sik, who described the country as a “force multiplier” for US economic security and a key to revitalizing strategic industries. The remarks were made during Yoon’s visit to the US from Monday to Thursday, where he led a business delegation of executives from seven Korean companies operating in the US — including Meta Biomed, Exicon, Iljin Group, Jusung Engineering, Doosan Group,
May 15, 2025
2025 Global Biz Forum highlights business opportunities in Vietnam

Leaders from across Korea's business and public sectors gathered in Seoul on Wednesday for the ninth session of the 2025 Global Business Forum, exploring investment opportunities in Vietnam, as the country's deputy envoy reaffirmed Hanoi''s commitment to supporting global investors. Organized by The Korea Herald and Herald Business, the Global Business Forum serves as a platform that brings together business executives, diplomats and cultural figures to share insights on market trends and leader
May 15, 2025
When is foreign too foreign? Korea's takeover tensions

A recent streak of mergers and acquisitions led by private equity firms has intensified the debate over foreign-owned companies investing in Korean businesses, raising concerns about the possible outflow of key strategic technologies At the center of the controversy is a recent revision to the Enforcement Decree of the Act on Prevention of Divulgence and Protection of Industrial Technology. The updated regulation, set to take effect on July 22, does not apply "foreign investment" provisions to K
May 15, 2025
Hanwha Hotels finalizes W870b acquisition of Ourhome

Hanwha Hotels & Resorts, the leisure arm of Hanwha Group, has finalized its acquisition of Ourhome, capping a seven-month push to integrate the catering firm and revamp the conglomerate’s food and beverage portfolio. According to the company on Thursday, it has acquired a 58.62 percent stake in the food catering giant for 869.5 billion won ($622 million). Spearheading the acquisition was Kim Dong-seon, vice president of Hanwha Hotels & Resorts and youngest son of Hanwha Group Chairman Kim Seung-
May 15, 2025
AmCham, KOTRA partner to boost bilateral economic ties

The American Chamber of Commerce in Korea signed a memorandum of understanding with the Korea Trade-Investment Promotion Agency on Thursday to enhance trade, investment and regulatory cooperation between Korea and the US. Through the agreement signed at the KOTRA headquarters in Seoul, the two organizations will form a joint working-level committee to identify and address key regulatory challenges based on AmCham’s annual reports and member input. AmCham and KOTRA will also co-host regular event
May 14, 2025
920% US tariff threat on Chinese graphite jolts Korean battery makers

Korean battery-makers are bracing for a possible rise in production costs, as the US Department of Commerce prepares to announce a preliminary review of its investigation into alleged violations of antidumping regulations by Chinese graphite producers, potentially resulting in tariffs as high as 920 percent. According to industry sources on Wednesday, the US department is expected to reveal its findings as early as May 19. The investigation stems from a petition filed in December 2024 by the Ame
May 14, 2025
Woori mulls selling Seoul landmark to secure cash

Woori Financial Group is considering selling several core real estate assets, including the landmark Woori Financial Digital Tower in central Seoul, as it looks to raise capital for subsidiary acquisitions and improve its financial footing. The banking group is reviewing a potential sale of the 22-story building, located on a 2,247-square-meter plot across from its headquarters in Hoehyeon-dong, Jung-gu — one of Seoul’s busiest commercial zones north of the Han River — according to industry sour
May 13, 2025
Won falls as US-China tariff truce lifts dollar

The Korean won weakened Tuesday, hit by the strengthening of the US dollar as Washington and Beijing deescalated their trade war. The benchmark Kospi remained flat, unable to join the global stock rally. The won stood at 1,416 won per dollar as of the close of daytime trading Tuesday, down 13.6 won from the previous session. After opening at 1,415 won, it briefly strengthened to 1,408 won before slipping to 1,420.5 during the session. On the previous day, the won had weakened to 1,426 per dollar
May 13, 2025
Czech-Korean nuclear deal under EU scrutiny

A landmark $18 billion nuclear power plant deal between South Korea and the Czech Republic has come under renewed pressure after the European Union raised objections to the project, according to industry sources on Tuesday. Korea Hydro & Nuclear Power and a subsidiary of Czech state-run utility CEZ were set to sign a contract last week for the construction of two 1,055-megawatt nuclear reactors at the Dukovany Nuclear Power Plant. However, the signing was suspended after a regional court granted
May 13, 2025
Work-life balance or economic risk? Korea debates 4.5-day workweek ahead of election

A bold proposal for a 4.5-day workweek is shaking up the campaign trail as South Korea heads toward an early presidential election on June 3. The pledge is drawing praise from labor advocates and pushback from business sectors, while questions linger over whether such reform is feasible in a country known for some of the longest working hours in the world. Both the liberal Democratic Party of Korea and the conservative People Power Party have offered versions of a shorter workweek in their campa

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EDITOR'S PICKS

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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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