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Korea Herald – BusinessMarkets
South Korean stocks rebounded Wednesday, recovering from the previous session's steep losses as semiconductor shares rallied on easing concerns over artificial intelligence spending. The Korean won strengthened against the US dollar. The benchmark Korea Composite Stock Price…
Korea Herald – BusinessMarkets
The American Chamber of Commerce in Korea brought together US Ambassador to South Korea Michelle Park Steel and US Forces Korea Commander Gen. Xavier T. Brunson on Wednesday to discuss strengthening the bilateral alliance through defense cooperation and economic security. The…
Korea Herald – BusinessMarkets
China is touting a breakthrough in one of the semiconductor industry's toughest technologies: extreme ultraviolet lithography. But how close is it really to challenging global chipmaking leaders? Chinese startup Langdao Silex recently unveiled a prototype EUV light source built…
Korea Herald – BusinessMarkets
LIG D&A faces a major setback to its domestic defense business after South Korea's arms procurement agency imposed a two-year bidding ban over alleged bribery, prompting the company to prepare a legal challenge. The Defense Acquisition Program Administration said Tuesday that its…
Korea Herald – BusinessMarkets
Taihan Cable & Solution has appointed Kim Jun-seok as its new CEO, as the Korean cable maker seeks to accelerate global expansion and strengthen its high-voltage direct current and submarine cable businesses. Kim played a key role in Hoban Group's acquisition of Taihan in 2021…
Korea Herald – BusinessMarkets
LG Chem said Wednesday it aims to begin clinical development of a personalized mRNA cancer vaccine in 2029, leveraging artificial intelligence to accelerate drug discovery and identify patients most likely to benefit from treatment. The Korean chemical and pharmaceutical company…
Korea Herald – BusinessMarkets
LG Electronics CEO Lyu Jae-cheol says that more efficient cooling could help AI data centers devote more of their limited electricity supply to computing, as the company expands its cooling infrastructure business. In a Forbes article published Monday, Lyu said increasingly…
Korea Herald – BusinessMarkets
Defense startup Quantum Aero is looking to take its autonomous flight technology beyond the battlefield and into the global market after being selected as a 2026 Hi-Seoul company, a designation for promising small and medium-sized enterprises in Seoul. The Hi-Seoul program,…
Korea Herald – BusinessMarkets
In Korea’s food and beverage deal market these days, the most persistent bidder sells cheap coffee. Mega MGC Coffee, the country’s largest coffee chain with 4,500 bright-yellow storefronts, no longer seems content merely selling Americanos. It now harbors an appetite for a larger…
Korea Herald – BusinessMarkets
Cosmax Group has expanded its microbiome research partnership with Mass General Brigham, a network of Harvard Medical School-affiliated teaching hospitals, as the Korean cosmetics company pushes beyond beauty products into health supplements and drug development. The two sides…
Korea Herald – BusinessMarkets
South Korean restaurant operator TheBorn Korea said Wednesday that average monthly sales at its Saemaeul Sikdang outlet in Carrollton, Texas, have risen about 70 percent since 2023. Known for its briquette-grilled bulgogi and seven-minute kimchi stew, Saemaeul Sikdang operates in…
Korea Herald – BusinessMarkets
The chief of South Korea's antitrust watchdog on Wednesday acknowledged conglomerates' contributions to the country's economic growth during a parliamentary audit, amid criticism of his earlier claim that chaebol have exploited the country. "I am not denying the role of…
Korea Herald – BusinessMarkets
Seoul shares opened sharply higher Wednesday ahead of Meta Platforms' earnings results, as investors weighed concerns over profitability from artificial intelligence infrastructure. After opening 2.05 percent higher, the benchmark Korea Composite Stock Price Index extended gains,…
Korea Herald – BusinessMarkets
Producer prices rose for the second consecutive month in September driven by higher prices of agricultural goods during the Chuseok season, central bank data showed Wednesday. The producer price index, a key gauge of future consumer inflation, increased 0.2 percent last month…
Korea Herald – BusinessMarkets
South Korean police said Tuesday they plan to refer a series of hacking cases involving major banks and other financial institutions to the country's newly established Serious Crimes Investigation Agency after identifying suspected violations of financial security laws. The…
Korea Herald – BusinessMarkets
South Korean biotech firm Lee Moon Won Bio has secured a patent for a patient health monitoring system, bringing its portfolio of registered patents to 12 as it seeks to integrate hair-loss diagnosis, treatment and long-term care into a single digital platform. The patent, titled…
Korea Herald – BusinessMarkets
South Korean shares plunged by nearly 4 percent Tuesday, as investors attempted to cash in recent gains in major chip shares amid persistent concerns over the artificial intelligence value chain. The Korean won was trading higher against the US dollar. The benchmark Korea…
Korea Herald – BusinessMarkets
Hana Bank has emerged as the clear leader in deposit accounts held by foreign nationals in South Korea, according to exclusive regulatory data offering a glimpse into how lenders are positioning themselves in the country's expanding foreign banking market. Hana held 4.2 million…
Korea Herald – BusinessMarkets
A consortium led by Daou Kiwoom Group, alongside CJ Group and Shinsegae, has emerged as the preferred bidder for debt-laden newspaper publisher JoongAng Ilbo, bringing two branches of the Samsung founding family into a bid to revive the struggling media company. Daou Kiwoom…
Korea Herald – BusinessMarkets
Hyundai Motor Group is consolidating its ground weapons businesses under Hyundai Rotem, bringing tank and artillery production together in a 358.4 billion won ($269.9 million) deal aimed at strengthening its competitiveness in the global defense market. Hyundai Rotem said Monday…
Korea Herald – BusinessMarkets
Hanmi Pharmaceutical’s launch of Korea’s first homegrown GLP-1 obesity drug, Eppe, marks a major milestone for Vice Chair Lim Ju-hyun, who turned a once-abandoned diabetes drug candidate into the centerpiece of the company’s obesity treatment ambitions. The journey began in 2008,…
Korea Herald – BusinessMarkets
Chinese electric vehicle giant BYD is rapidly expanding its foothold in South Korea, climbing to fourth place in the country’s imported passenger market in the first nine months of this year. BYD sold 20,137 vehicles from January to September, more than triple the 6,107 units it…
Korea Herald – BusinessMarkets
Korea’s top food executives are out in force this week at SIAL Paris 2026 — Europe’s leading food and beverage trade fair — showcasing their flagship brands alongside the new products set to drive growth in what has become one of K-food’s fastest-growing markets. The five-day…
Korea Herald – BusinessMarkets
Samsung Electronics has reportedly secured long-term supply agreements covering about 80 percent of its planned memory chip production for 2027, strengthening its earnings outlook despite growing concerns over the sustainability of the artificial intelligence investment boom,…
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