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The Korea Herald

Markets

March 04, 2024
Hanwha Foodtech acquires robot-powered Stellar Pizza

Hanwha Foodtech has acquired the US-based robot pizza brand, Stellar Pizza, as part of its efforts to drive technological innovation in the food service industry. In January, Hanwha Foodtech signed a memorandum of understanding with Serve Automation, the parent company of Stellar Pizza, for a tran...
March 04, 2024
Hana Bank upgrades digital certificates for foreign users

Hana Bank, a leading commercial bank in South Korea, unveiled Monday the latest upgrade to its tailored banking app for foreign exchanges, Hana EZ, with a focus on delivering an enriched and user-friendly mobile banking experience for foreign residents in the country. A key improvement lies in the...
March 04, 2024
Kumho Tire signs tech licensing agreement with Saudi Arabia's Blatco

Kumho Tire, South Korea's second-largest tire maker, said Monday it has forged a technology licensing agreement with Saudi Arabian tire maker Blatco. Under the agreement, Kumho Tire will provide Blatco with technology support for the production of passenger car tires sold in Saudi Arabia and the M...
March 04, 2024
HMM inks 'green sailing' deal with German firm

South Korean shipper HMM said Monday it has signed a "green sailing service" deal with German logistics firm HellMann for the trading of reduced carbon emissions. HMM, South Korea's top container shipping company, said it marks the company's first-ever green sailing service contract. HMM didn't di...
March 04, 2024
Hyundai Motor introduces revamped Ioniq 5 EV

Hyundai Motor, South Korea's leading automaker, on Monday announced the release of a redesigned version of its Ioniq 5 electric vehicle. The revamped Ioniq 5 features an increased battery capacity, growing from 77.4 kWh to 84.0 kWh, which in turn increases its all-electric range. It can travel up ...
March 04, 2024
Finance giants boost female board numbers amid government initiative

Major Korean financial groups are intensifying efforts to broaden and diversify their boards in response to a governmental drive for inclusivity within the sector. Woori Financial Group is appointing two new female members to its outside board of directors for the first time in its history. Lee Eu...
March 04, 2024
Global tech titans rush to visit Seoul to win AI leadership

With the competition in artificial intelligence-based services intensifying globally, heads of Big Tech firms have visited Korea one after another to enhance cooperation with Korean tech companies and take the lead in burgeoning markets. Meta CEO Mark Zuckerberg and Toronto-based AI chip startup T...
March 04, 2024
[KH Explains] Korea’s next-generation space rocket project off to bumpy start

Korea’s 2 trillion won ($1.5 billion) next-generation space launch vehicle project got off to a bumpy start, as the bidding process to select a private entity to lead the large-scale task is likely to be a one-man show. Officially named the Korea Space Launch Vehicle-III, the goal of the next-gen...
March 04, 2024
Hana Financial Group targets baby boomers with Lim Young-woong

In just nine days of its release, a 16-second video featuring trot singer Lim Young-woong posted on YouTube by Hana Bank has garnered over 6.8 million views as of Sunday. The video introduces the 32-year-old singer as the new face of Hana Financial Group, one of Korea's top five financial conglome...
March 04, 2024
Korean crypto exchanges ride on bitcoin rally

Local crypto exchanges are enjoying a boom in their returns amid the snowballing bitcoin rally. Upbit, the largest crypto exchange here, saw its transaction volume in the past 24 hours surpass 12 trillion won ($8.9 billion) as of Thursday at 3 p.m. It was the first time for the figure to go over 1...
March 04, 2024
Korean stocks benefit from Zuckerberg's Seoul visit

Following the high-profile visit of Meta CEO Mark Zuckerberg this week, stocks related to advanced technologies including artificial intelligence, augmented reality and display panels are gaining attention. In a report on Friday, Korea Investment and Securities suggested eight stocks, including Sa...
March 04, 2024
InterBattery 2024 to spotlight all-solid-state, affordable batteries

InterBattery 2024, the largest battery industry exhibition in Korea, will take place at the COEX Convention and Exhibition Center in Gangnam-gu, Seoul, from March 6 to 9, attracting 579 companies from 18 countries and nearly 75,000 attendees for a comprehensive showcase of innovation, industry conf...
February 29, 2024
Bitcoin soars to record high in Korea

The price of bitcoin traded in Korea climbed to its highest ever Thursday, fueled by a global rally initiated from spot exchange-traded funds and an impending halving. Bitcoin, the world’s biggest cryptocurrency, traded in Korea went above 88 million won ($66,000) at around 2 a.m. on Thursday, a ...
February 29, 2024
SK Ecoplant, China's CSCEC to carry out W2.6tr hydrogen project in Egypt

Korean energy and environmental solutions provider SK Ecoplant said Thursday that the company will work together with the China State Construction Engineering Corp. on a 2.6 trillion won ($1.9 billion) green hydrogen project in Egypt. SK Ecoplant, CSCEC and the Egyptian government signed a memoran...
February 29, 2024
[KH Explains] What does Apple's dead car project mean for Samsung, Hyundai?

Earlier this week, Apple announced that it will ditch its decade-long electric car project, saying more resources will be poured into artificial intelligence in the future. An Apple-made electric car had long been a buzzword across industries. Carmakers had braced for a direct threat, while tech r...

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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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