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The Korea Herald

Industrials

February 23, 2024
Posco’s new leadership taking shape

As former Posco President Chang In-hwa is poised to take on the Korean steel giant's chairmanship, how his leadership might impact on the group's innovation drive for eco-friendly, future material business remains in question. Posco Holdings convened its regular board meeting on Wednesday to annou...
February 23, 2024
Lee Si-woo becomes sole CEO at Posco

Lee Si-woo, formerly co-CEO of Posco alongside Kim Hak-dong, who served as CEO of Posco and vice chairman of Posco Holdings, will now lead the steelmaker on his own. Posco Holdings’ reshuffle released on Wednesday indicates that Kim will step down from his position and moves to the group’s execu...
February 23, 2024
Posco Future M breaks ground on cathode plant in Gwangyang

GWANGYANG, South Jeolla Province -- Posco Future M on Thursday held a groundbreaking ceremony for a new high-nickel cathode plant in Gwangyang, South Jeolla Province, maintaining the company’s continued investment in battery materials for electric vehicles despite the slowdown in the global EV tra...
February 22, 2024
Meta CEO to visit Seoul next week possibly on AI partnership

Mark Zuckerberg, CEO of Meta, formerly Facebook, is planning to visit Korea as early as next week, which would mark his first visit to the country in more than a decade, according to industry sources and the presidential office on Wednesday. Although details of his upcoming trip are unknown, sourc...
February 22, 2024
SK Ecoplant, SK hynix forge renewable energy alliance

Korean energy and environmental solutions provider SK Ecoplant formed a power purchase agreement with its sister firm SK hynix to facilitate the provision of renewable energy, thereby aiming to become the leading RE100 solutions provider, the firm announced Wednesday. The signing ceremony was atte...
February 22, 2024
Mirae Asset Global X names Goldman veteran as new CEO

Mirae Asset Global Investments announced Wednesday that it has named Ryan O'Connor, the former global head of ETF products at Goldman Sachs, as the new CEO of its US-based exchange-traded fund subsidiary, Global X. The latest appointment comes after a thorough selection process within Global X's r...
February 22, 2024
Toss Bank taps ex-DGB CFO as new CEO

Toss Bank, the internet-only banking arm of fintech firm Viva Republica, said Wednesday it has appointed Rhee Eun-mi, former chief financial officer of DGB Daegu Bank, as its new CEO. The bank’s CEO recommendation committee picked Rhee as the sole candidate for the next top leadership position in...
February 21, 2024
SK Telecom, NTT Docomo unveil white paper on vRAN

SK Telecom said Tuesday that it has jointly released a technical white paper with Japan's No. 1 mobile operator, NTT Docomo, for the adoption of the virtualized Radio Access Network. The joint white paper, titled “Key Considerations for vRAN,” marks two years of cooperation on the metaverse, mob...
February 21, 2024
Naver Webtoon eyes Nasdaq listing in June

South Korean internet giant Naver is pushing to have its online comics operator Webtoon Entertainment go public on the US Nasdaq as early as June, according to a recent Bloomberg report. Webtoon Entertainment is the head office for the online comics business Naver Webtoon, and has been based in Lo...
February 21, 2024
Samsung chief's return to board pushed back as trial continues

On the same day, Samsung’s Compliance Committee kicked off its third term, holding its first regular meeting. Lee Chan-hee has been reappointed to lead the committee for the second consecutive term, along with other members. Han Sung-hwan, the president of Samsung Life Public Welfare Foundation, ...
February 18, 2024
Hyundai takes over Mobis' hydrogen fuel cell business

Hyundai Motor Company has acquired a hydrogen fuel cell business from the group's affiliate and auto parts supplier Hyundai Mobis at 217 billion won ($163 million) to consolidate the group's hydrogen energy efforts. The agreement, finalized on Friday, includes a complete transfer of assets, person...
February 18, 2024
SK Networks to morph into AI investment firm

SK Networks unveiled its vision to transform into an artificial intelligence-centered business investment firm on Friday and mapped out a plan to triple its operating income to 700 billion won ($524 million) by the end of 2026. “Based on the innovative foundation of our business model, we will co...
February 18, 2024
Bithumb hits stumbling block in ambition to be market No. 1

Bithumb Korea, the operator of the country’s No. 2 cryptocurrency exchange Bithumb, has failed to seal a deal with major local lender KB Kookmin Bank for issuance of real-name accounts, jeopardizing its plan to attract more traders. KB Kookmin Bank informed Bithumb last week that it will not part...
February 18, 2024
Posco Future M’s ESG efforts recognized by S&P Global

By Park Se-ra ( serap1005@heraldcorp.com )
February 18, 2024
SK-backed Sapeon to develop on-device AI chip

Sapeon, a fabless startup backed by South Korean telecom-to-chip conglomerate SK Group, said Friday it would develop a new semiconductor optimized for on-device artificial intelligence as the market has been witnessing significant growth in recent years. The company said it was selected to get sup...

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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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