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The Korea Herald

Markets

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...
March 05, 2024
Daewoo E&C sells bonds worth 150 mln in Singapore dollars

Major South Korean builder Daewoo Engineering & Construction (Daewoo E&C) said Tuesday it has successfully conducted a 150 million-Singapore dollar ($111 million) bond sale in the city-state. The five-year bonds, which have received an AA rating from global rating appraiser Standard & Poor's Globa...
March 05, 2024
Korean startups suffer setback as Chinese e-commerce titans pounce

In a whirlwind of fierce competition, Chinese e-commerce powerhouses AliExpress and TEMU have been dampening the once-vibrant spirit of retail business startups in Korea. The surge of Chinese e-commerce companies has delivered a significant blow to Korea's startup scene. Their mega-scale, low-cos...
March 04, 2024
[From the Scene] Staying 'senior-friendly': Next normal of banking

The rise of such specialized offices follows warnings from local financial authorities regarding a significant reduction in branch numbers. According to data from the Financial Supervisory Service, the top four commercial banks -- KB Kookmin, Shinhan, Hana and Woori -- operated 2,824 offline branch...
March 04, 2024
Hugel receives FDA approval for botulinum toxin Letybo

Hugel, a South Korean botulinum toxin company, announced Monday that the US Food and Drug Administration has granted marketing approval for the company’s botulinum toxin, Letybo. Hugel expects to launch Letybo in the US in mid-2024. "The Canada launch of Letybo last year laid a solid foundation ...
March 04, 2024
[KH Explains] Shipping constraints shackle Korea's auto export boom

Korean automakers are grappling to maintain their export momentum due to a shortage of car carriers to transport them, driven by the increasing volume of Chinese automotive exports and stringent maritime environmental regulations. The scenario has led to an unprecedented rise in the cost of charter...
March 04, 2024
Kuala Lumpur subway station renamed ‘Samsung Galaxy Station'

A subway station in Kuala Lumpur, Malaysia, was renamed “Samsung Galaxy Station“ on Feb. 29 as part of the tech giant’s big push into the Southeast Asian market. Samsung said Monday that Tun Razak Exchange Station, the nation’s largest interchange station, was renamed TRX Samsung Galaxy Statio...

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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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