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The Korea Herald

Markets

March 07, 2024
4 carmakers to recall nearly 70,000 vehicles for faulty parts

Hyundai Motor, BMW Korea and two other carmakers will recall nearly 70,000 vehicles due to faulty components, the transport ministry said Thursday. The four companies, including Kia and Stellantis Korea, are voluntarily recalling a total of 69,044 units of 43 different models, the Ministry of Land...
March 07, 2024
Seoul court upholds injunction to keep SK hynix official from moving to Micron

South Korean semiconductor powerhouse SK hynix has won a non-compete injunction against a former researcher who left to work for its US chipmaking rival Micron Technology, sources said Thursday, amid an intensifying race for cutting-edge artificial intelligence (AI) chips. Last month, a Seoul cour...
March 07, 2024
Posco mulls LFP joint venture with Chinese firm

Kim indicated a phased approach to collaboration with Chinese entities and stressed the necessity to promptly finalize agreements concerning the IRA and the Advanced Manufacturing Production Credit. Kim echoed the sentiments of chairman-nominee Chang In-hwa regarding the company's unwavering commi...
March 06, 2024
Korea on guard against inflation

Consumer price growth resurged to above 3 percent in February, showing that Korea may be facing stickier-than-expected inflation. Consumer prices, a key gauge of inflation, advanced 3.1 percent on-year last month, according to data from Statistics Korea. Though price growth fell to 2.8 percent in...
March 06, 2024
NH Bank cracks down on W11b internal failure

A NongHyup Bank employee is being investigated by local police for possible embezzlement reaching nearly 11 billion won ($8.2 million), the bank disclosed on Wednesday. The bank's internal investigation revealed a financial irregularity that could extend up to 10.95 billion won, which is the total...
March 06, 2024
KAIST develops next-generation ultra-low power LLM accelerator

A research team at the Korea Advanced Institute of Science and Technology (KAIST) has developed the world's first artificial intelligence (AI) semiconductor capable of processing a large language model (LLM) with ultra-low power consumption, the science ministry said Wednesday. The team, led by Pr...
March 06, 2024
Hyundai Motor, Kia showcase latest electrification tech at EV Trend Korea

Hyundai Motor and Kia, South Korea's leading automakers, said Wednesday they showcased the latest technologies involving their electric vehicles (EV) at the annual EV Trend Korea exhibition held in Seoul. The annual trade show, now in its seventh year, is hosted by the Ministry of Environment to p...
March 05, 2024
Warship-making Hanwha and HD Hyundai at loggerheads

The dispute between South Korea’s two major shipbuilders -- Hanwha Ocean and HD Hyundai Heavy Industries, housed under Hanwha Ocean and HD Hyundai Heavy Industries, respectively -- is escalating, with Hanwha taking legal action. Hanwha Ocean on Monday filed a complaint with the National Office of...
March 05, 2024
Yanolja makes big cloud push for US listing

South Korean travel platform operator Yanolja is making a big push in cloud services, as it seeks to transform itself into a global tech solutions provider. As the company accelerates the expansion of its overseas solutions business, market watchers and investors are paying keen attention to whethe...
March 05, 2024
Abu Dhabi welcomes Korean touch in boosting creative economy

According to him, partnering with Abu Dhabi’s vibrant cultural scene offers opportunities for artists and institutions to enhance their global reach and impact. Its annual Abu Dhabi Festival, marking its 21st anniversary this year, attracts almost 20,000 visitors. Having already inked partnership...
March 05, 2024
Korea's GNI rebounds on stable won

South Korea’s gross national income per capita rebounded to over $33,000 in 2023, marking a 2.6 percent rise on-year, while the national economy grew by 1.4 percent, preliminary data from the Bank of Korea showed Tuesday. The GNI per capita, a measure of the amount of money earned per person in a...
March 05, 2024
[From the Scene] The Hyundai Seoul turns Yeouido into young shoppers' mecca

According to the Seoul Metropolitan Government’s data, the number of visitors to Yeouido had previously peaked at between 30,000 and 50,000 on Saturdays and Sundays in 2020. But after The Hyundai Seoul’s launch in February 2021, the figure started to rise despite the social distancing rules duri...
March 05, 2024
Hyundai Motor teams up with South Chungcheong Province for future mobility

The AAM is a concept that encompasses urban air mobility (UAM) that moves short distances within the city, regional air mobility that connects regional bases and an unmanned aircraft system that transport logistics. Under the agreement, Hyundai Motor Group decided to give priority consideration to...
March 05, 2024
LG launches battery swap service for e-scooters

LG Energy Solution said Tuesday that KooRoo, its company-in-company operating the battery swapping station business for electric two-wheelers, is kicking off full-scale operations following a successful pilot program. KooRoo's service allows users to easily swap the depleted batteries of electric ...
March 05, 2024
S. Korea, U.S. discuss cooperation in chip sector

South Korea's industry ministry said Tuesday it has discussed ways to enhance bilateral cooperation in the semiconductor sector with the U.S. chipmakers' trade association. Deputy Minister for Trade Yang Byeong-nae met with John Neuffer, the president of the Semiconductor Industry Association (SIA...

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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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