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The Korea Herald

Markets

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 ...
June 27, 2024
Finance Minister indicates inheritance tax reform in July

The South Korean government is to revise the inheritance tax scheme that imposes up to a 50 percent tax for big companies here as part of the government’s tax code revision slated for late July, Finance Minister Choi Sang-mok said Thursday. “I personally prioritize the inheritance tax reform, wh...
June 27, 2024
KRX rallies mid-sized firms to ride on 'value-up' program

Korea Exchange CEO Jeong Eun-bo held a roundtable meeting with mid-sized companies listed on the nation’s main bourse Kospi to encourage their active participation in the government-led corporate “value-up” program. This is the third meeting of its kind following Jeong's previous ones with larg...
June 27, 2024
Korea-US-Japan trilateral economic consultative group launched

The business communities of Korea, the United States and Japan gathered together in Washington, DC to launch and formalize a trilateral business dialogue, according to the Federation of Korean Industries on Thursday. The FKI, an association for Korean industries, hosted the inaugural Korea-US-Japa...
June 27, 2024
KCCI embarks on preparing 2025 APEC summit

The Korea Chamber of Commerce and Industry, a major South Korean business lobby, said on Thursday it launched a task force to prepare for business leaders’ meetings to be held on the sidelines of the Asia-Pacific Economic Cooperation summit scheduled to take place here next year. As the 2025 APEC...
June 26, 2024
Mirae Asset Global Investments' global assets exceed W340tr milestone

Mirae Asset Global Investments' assets exceeded 340 trillion won ($244.7 billion), with over 40 percent being managed on behalf of overseas clients, boasting extensive overseas footholds buoyed by its signature exchange-traded funds. In 2003, the firm’s aggressive market expansion began with Mira...
June 26, 2024
JungKwanJang to hit Sprouts Farmers Market shelves in US

Korea Ginseng Corporation announced Wednesday that it has signed a contract with US supermarket chain Sprouts Farmers Market to distribute its health supplement products under its red ginseng brand JungKwangJang in the US. Sprouts Farmers Market is a supermarket chain headquartered in Phoenix, Ari...
June 26, 2024
Parties rush to roll out competing chip bills with heftier incentives

Lawmakers of the ruling People Power Party also announced proposal bills for the chip industry, largely focused on offering direct subsidies to chipmakers. Rep. Koh Dong-jin of the ruling People Power Party, who was formerly president of Samsung Electronics, introduced his first proposal bill on J...
June 26, 2024
Mirae Asset Securities bolsters global expansion with India, Europe push

Mirae Asset Securities, South Korea's largest stock brokerage company, has been achieving feats in its global expansion through its localization strategy coupled with acquisitions of financial firms in overseas markets. With Mirae Asset Financial Group founder and Chairman Park Hyeon-joo taking th...
June 25, 2024
CJ CheilJedang forays into Amazon Germany for European expansion

CJ CheilJedang, a leading South Korean food company, is signaling European expansion with the recent opening of its Bibigo brand store on Amazon Germany, the company said Tuesday. Opened last month, the brand store is featuring 19 products on Germany’s foremost e-commerce platform. The products ...
June 25, 2024
Nexon's Dungeon & Fighter Mobile tops global game sales

South Korean game developer Nexon's mobile role-playing game "Dungeon & Fighter" has topped global mobile game sales, energized by its popularity in China. According to a report released Tuesday by app market research firm Sensor Tower, Dungeon & Fighter recorded around $270 million in Chinese sal...
June 25, 2024
Kakao Bank launches Dollar Box forex service

Kakao Bank, the internet banking arm under Korean tech behemoth Kakao, introduced its new Dollar Box feature on Tuesday, in hopes of bringing the US greenback into users' everyday life. “The most sought-after foreign currency in Korea is the US dollar. It is a key currency that is acknowledged as...
June 25, 2024
LG Uplus launches ixi-GEN telecom-specific AI

LG Uplus, one of the top three telecommunications providers in South Korea, launched its self-developed generative artificial intelligence model ixi-GEN on Tuesday. Ixi-Gen is a small language model that learned LG Uplus’ communication and platform data based on LG AI Research Institute’s Exaone...
June 25, 2024
Kang Sue-jin's ballet meets public procurement in PPS' new promotional video

South Korea’s government procurement agency said Monday that it has unveiled the emotionally evocative promotional video titled “K-Public Procurement, The Next Stage,” starring the nation's famed ballerina Kang Sue-jin. The video, now available on the Public Procurement Service's official YouTu...

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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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