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The Korea Herald

Markets

July 02, 2024
[Herald Interview] Vietnam's MB Bank bets big on Korea-Vietnam ties

Vietnamese state lender MB Bank, also known as Military Commercial Joint Stock, will launch a mobile app for South Korean nationals living in the country in August, recognizing the growing Korean population in Vietnam and related business opportunities. “Only Korean banks in Vietnam offer special...
July 02, 2024
[Business Diplomacy] Time matters more than money in engineering lobbying prowess

Korean companies should focus on boosting their "still-nascent" lobbying power by spending the time to understand policymakers' needs and by building a strong network regardless of the outcome of the upcoming US presidential election in November, according to legal and trade advisers from Lee & Ko,...
July 02, 2024
LG Energy Solution secures mass supply of lithium from Australian firm

LG Energy Solution said Tuesday that it had struck a deal to secure a large-scale lithium supply with Australian mining firm Liontown Resources, bolstering its global supply chain of key raw materials for electric vehicle batteries. According to the Korean firm, the contract guarantees about 1.75 ...
July 02, 2024
LG Energy Solution lands major LFP battery deal with Renault

LG Energy Solution, South Korea's largest electric vehicle battery maker, has secured its first major order for lithium-iron-phosphate batteries from French auto giant Renault Group's EV unit Ampere. The contract, announced in Paris on Monday, will see LG Energy Solution supplying pouch LFP batter...
July 02, 2024
LS Cable wins W1tr submarine cable deal in California

LS Cable & System said Tuesday that it has signed a deal worth 100 billion won ($72 million) with LS Power Grid California, a transmission network operator in the US. LS Power Grid California, a subsidy of LS Power -- a New York-based energy and power infrastructure operation and investment compan...
July 01, 2024
Business arrears of self-employed hits all-time high in Q1: report

The amount of overdue business loans taken by self-employed business owners in South Korea surpassed 10 trillion won ($7.2 billion) for the first time ever in the first quarter of this year, marking the highest figure ever since the government started tallying the figure in 2009. Overdue business ...
July 01, 2024
KT&G shares ESG achievements in 2023 report

South Korea’s top tobacco maker KT&G on Monday released its 2023 business report, renewing its commitment to advancing its carbon neutrality goals and improving corporate governance. The report, an amalgam of its annual strategic reports and publications on activities tied to environmental, socia...
July 01, 2024
Kyobo Life chief honored for ethical entrepreneurship at Geneve Forum

Kyobo Life Insurance CEO and Chairman Shin Chang-jae's ethical business practices received global recognition at the Geneve Entrepreneurship Forum on Thursday. The leading life insurer in South Korea said Monday that Shin was awarded the Global Ethics & Stakeholder Commitment Award at the annual e...
July 01, 2024
SK On enters emergency mode amid sluggish performance

SK On, the battery unit of South Korean chip-to-construction conglomerate SK Group, said Monday it will freeze the annual pay of all executive-level officials until it turns to profit, declaring emergency management amid its sluggish performance. The company decided to drastically revamp all worki...
July 01, 2024
Nine One Hannam sets record for highest apartment price ever

The record for the most expensive apartment ever sold in South Korea was broken in June, according to government data tracking real estate transactions. The country's new most expensive apartment is a 273.94-square-meter first-floor unit at Nine One Hannam in Yongsan-gu, central Seoul, which sold f...
July 01, 2024
Korea’s chip exports reach all-time high in June

South Korea’s semiconductor exports soared to a record high in June, backed by strong global demand, data from the Trade Ministry showed Monday, helping the country's exports to continue their upward trajectory. The country’s total exports stood at $57.07 billion in June, jumping 5.1 percent on-...
July 01, 2024
Forex market hours extended to 2 a.m.

South Korea’s foreign exchange market will operate until 2 a.m. from Monday, while its crypto market is to enter a new phase with the enactment of the virtual asset user protection law this month, as part of new government measures to come into place in the latter half of this year. The Finance M...
June 30, 2024
Foreign buying of Korean shares soars to new record in H1

Foreign investors’ net purchases on the South Korean stock market during the first six months of this year surged to an all-time high of over 23 trillion won ($16.6 billion), according to the nation's sole bourse operator, the Korea Exchange, on Sunday. Overseas investors amassed a total of 23.28...
June 30, 2024
SK hynix pledges W103tr for AI chips by 2028

SK Group said Sunday that it will secure 80 trillion won ($57.9 billion) by 2026 to accelerate its push for two growth drivers: chips and artificial intelligence. SK hynix, its chipmaking unit, alone plans to invest 103 trillion won by 2028, with 80 percent of the new funding focusing on AI chips,...
June 28, 2024
Woori Financial Group reveals progress in sustainable management

Woori Financial Group said Friday it released its annual sustainability report containing the conglomerate's initiatives and achievements pursued last year to strengthen its environmental, social and governance endeavors. “At Woori Financial Group, all executives and employees will work together ...

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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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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099