Standard Chartered (SC) Bank Korea said on April 22 that it was carrying out an event to offer a higher interest option for new customers of money market deposit accounts (MMDAs).The Seoul-based lender promises up to 3.5 percent of annual interest rates for MMDAs clients, who newly deposit balances
South Korea’s H&U Company announced on April 8 that the outfit's exhibition of painter Kim Heungsou in Seoul had attracted so many art fans over the past month.In consideration of such positive feedback, H&U Company said that it would extend the exhibition by almost a month to May 3. It started midw
Korea Ginseng Corporation (KGC) announced on April 1 that the company had appointed Bin An as its new chief executive officer through a general shareholders’ meeting.After getting aboard KGC back in 2000, An has assumed various senior jobs at the world’s leading red ginseng company by any measure.Hi
South Korea’s LS Group announced on March 29 that the conglomerate would continue to find new growth engines in such high-tech areas as batteries along with its suppliers.Toward that end, the group said that leaders from its affiliates and partners had convened together last September for the second
Korea Ginseng Corporation (KGC) announced on March 25 that the world’s leading ginseng maker would start an event in line with its female volleyball team’s advancement into the playoff in the 2023-24 V League season.Daejeon KGC, which chalked up seven consecutive wins in the final games to achieve t
South Korea’s cosmetics company Kolmar announced on Feb. 23 that it has found a microbiome with an ability to slow down skin aging caused by sun exposure.The Seoul-based corporation noted that the discovery could be a breakthrough in the anti-aging skincare industry, which chalks up fast growth acro
South Korea’s most valuable company Samsung Electronics topped the global TV market for 18 consecutive years, according to business tracker Omdia on Feb. 19.The London-based organization noted that Samsung Electronics carved out 30.1% of the international TV market last year in terms of sales values
South Korea’s leading cybersecurity company AhnLab said on Feb. 7 that it would team up with the country’s top-tier tech company Naver to cooperate in hyperscale artificial intelligence.Toward that end, AhnLab signed a memorandum of understanding with Naver Cloud, which is in charge of Naver’s hyper
Korean Air announced on January 31 that its merger with local competitor Asiana Airlines had recently gained approval from Japan’s antitrust watchdog.To finalize the $1.34-billion merger between Korea’s two largest airliners, Korean Air needs to get two more green lights from the United States and t
South Korea’s SK hynix announced on Feb. 25 that the corporation had turned a profit during the fourth quarter of 2023 for the first time in longer than a year.During the Oct.-Dec. period, the world’s second-largest maker of memory chips chalked up $8.46 billion in sales, up 47 percent from a year a
South Korea’s Samsung Display disclosed a video clip on Jan. 15 about an innovative new-type foldable display designed to bend from both sides seamlessly.Unlike traditional in-folding devices, the company said that the new foldable technology, called Flex In & Out Flip, was designed to fold 360 degr
South Korea’s Samsung Electronics said on Jan. 9 that its operating profit in the fourth quarter of last year would be around $2.1 billion, down 35 percent from a year ago.The profit guidance is substantially lower than the market consensus. Brokerage houses at home and abroad estimated that the fig
South Korea’s biopharmaceutical giant Celltrion announced on Jan. 8 that the company would cancel around 1 percent of its outstanding shares worth about 500 billion won ($380 million).Specifically, the Incheon-based firm is scheduled to cancel some 2.3 million shares, or 1.05 percent, next week to r
Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won stressed the significance of concerted efforts of all economic stakeholders of the country for the upcoming 2024.In a New Year message, Chairman Chey said that corporations, employees, and the government were required to join hands
Korean financial entity focuses on four areasThe Korean Federation of Community Credit Cooperatives (KFCC) noted on Nov. 29 that it would become a responsible corporate citizen by focusing on four areas.Included in the four areas are a social segment, the environment, the international business, and
Cutting-edge technologies opted for Hyundai’s Singapore facilitiesSouth Korea’s automaker Hyundai Motor announced on Nov. 21 that it had opened a facility in Singapore to roll out electric vehicles under the inspection of four-legged robots.Hyundai Motor said that the new seven-story facility would
Chairman Lee denies any wrongdoingsSouth Korea’s prosecutors sought a five-year prison sentence for Samsung Electronics Chairman Lee Jae-yong on Nov. 17 on charges of stock price manipulation and accounting fraud.Prosecutors also demanded fines of $390 million on Lee in the long-standing case relate
The Korea Agro-Fisheries & Food Trade Corp (aT) said Nov. 16 that it had declared Nov. 22 as the Global Kimchi Day in an event held in Seoul along with foreign diplomats in the capital city.The state-backed food trade agency, which already introduced the Nov. 22 Kimchi Day in 2020 here, is trying to
The gap with Chinese players gets thinnerSouth Korea’s LG Energy Solution topped the global battery market excluding China during the first nine months of this year, according to market tracker SNE Research on Nov. 9.LG Energy Solution’s worldwide battery usage outside China was 64.1 gigawatt-hours
Korean firm to build new production hubs in Alabama & GeorgiaSouth Korea’s leading car component maker Hyundai Mobis announced on Nov. 8 that it had secured $940 million to build U.S. plants through its first overseas green loan.The funds will be used for the firm’s plan of investing $1.3 billion th