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<title>The korea Herald News Rss</title>
<link>https://www.koreaherald.com/</link>
<language>The korea Herald</language>


  





  
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    <title><![CDATA[Hyundai builds local fan base with Japan’s first official owner club]]></title>
    <link>https://www.koreaherald.com/article/10547346</link>  
    <pubDate>Tue, 05 Aug 2025 14:21:16 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Japan&apos;s first official Hyundai Motor fan club has been established, marking a milestone in the brand’s growing presence since its reentry into the market in 2022, Hyundai Motor Company said Tuesday. Hyundai Motor Club Japan, formed by local owners and enthusiasts of Hyundai vehicles, held its launch ceremony on Sunday in Fujinomiya, Shizuoka Prefecture, Japan. The club, comprised largely of electric vehicle drivers, is expected to become a key channel for sharing Hyundai EV ownership experiences]]>
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    <title><![CDATA[Hanwha outpaces chaebol rivals in market cap growth]]></title>
    <link>https://www.koreaherald.com/article/10547345</link>  
    <pubDate>Tue, 05 Aug 2025 14:20:54 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Hanwha Group has witnessed the biggest increase in corporate value among South Korea’s top 10 conglomerates this year, highlighting its key role in the country’s recent trade negotiations with the US. As of Aug. 1, the market capitalization of Hanwha Group and its 12 listed subsidiaries on the nation’s main bourse, the Kospi exchange, skyrocketed 177.5 percent to 120.7 trillion won ($86.9 billion) compared to the end of 2024. This marks the highest growth rate among South Korea&apos;s 10 biggest corp]]>
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    <title><![CDATA[Korea’s first won-pegged digital token debuts in test by fanC]]></title>
    <link>https://www.koreaherald.com/article/10547333</link>  
    <pubDate>Tue, 05 Aug 2025 14:13:32 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korea’s first won-pegged stablecoin was test-launched Tuesday by fanC, the developer and issuer of the namesake digital token, in partnership with local financial software firm Initech, marking a key step toward the adoption of won-denominated stablecoins. Named KRWIN, the stablecoin is pegged one-to-one to the Korean won. It is the first time a private entity has issued a won-based digital asset with potential use in the real economy. According to fanC, the release is a demo launch to tes]]>
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    <title><![CDATA[Korean Air to debut premium economy next month]]></title>
    <link>https://www.koreaherald.com/article/10547328</link>  
    <pubDate>Tue, 05 Aug 2025 14:07:47 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Korean Air, the country’s flag carrier, announced Tuesday the introduction of a new cabin tier -- Premium Class -- positioned between business and economy class, as part of a fleet-wide cabin interior upgrade to modernize its aircraft and improve the passenger experience. The new 40-seat cabin will debut across 11 retrofitted Boeing 777-300ER aircraft, with operations on medium-haul routes set to begin in mid-September. The project is a 300 billion won ($216 million) company-wide initiative that]]>
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    <title><![CDATA[Samsung launches InnoX Lab to lead next-gen AI innovation]]></title>
    <link>https://www.koreaherald.com/article/10547211</link>  
    <pubDate>Tue, 05 Aug 2025 11:24:56 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Samsung Electronics has established a new organization dedicated to advancing humanoid robots, digital twin solutions and physical artificial intelligence technologies as part of its broader strategy to lead in the era of AI. According to industry sources on Tuesday, the tech giant&apos;s device experience division has launched InnoX Lab. Internally announced to employees on Monday, the lab is tasked with accelerating the company’s response to emerging megascale challenges and bold strategic initiati]]>
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    <title><![CDATA[Seoul shares open sharply higher on US gains]]></title>
    <link>https://www.koreaherald.com/article/10546971</link>  
    <pubDate>Tue, 05 Aug 2025 09:46:42 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean stocks opened sharply higher Tuesday, tracking overnight gains on Wall Street driven by hopes for rate cuts. The benchmark Korea Composite Stock Price Index rose 59.1 points, or 1.88 percent, to 3,206.85 in the first 15 minutes of trading. Overnight, US stocks gained ground on hopes the Federal Reserve may go for multiple rate cuts later this year to support the economy following a weaker-than-expected jobs report released over the weekend. The Dow Jones Industrial Average closed 1.]]>
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    <title><![CDATA[Consumer prices rise 2.1% in July on higher industrial goods, service costs]]></title>
    <link>https://www.koreaherald.com/article/10546879</link>  
    <pubDate>Tue, 05 Aug 2025 09:03:22 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korea&apos;s consumer prices grew by more than 2 percent for the second consecutive month in July, mainly driven by higher costs of industrial goods and services, government data showed Tuesday. Consumer prices, a key gauge of inflation, increased 2.1 percent from a year earlier last month, according to the data from Statistics Korea. Inflation had remained above the Bank of Korea&apos;s 2 percent target for four consecutive months through April before slowing to 1.9 percent in May. It then edged up]]>
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    <title><![CDATA[Seoul shares end higher on bargain hunting, US rate cut hopes; won sharply up]]></title>
    <link>https://www.koreaherald.com/article/10546583</link>  
    <pubDate>Mon, 04 Aug 2025 16:19:04 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean stocks closed higher Monday as investors purchased blue chip shares at bargain rates after a steep fall last week and on heightened expectations for the US Federal Reserve&apos;s pivot to monetary easing. The Korean won rose sharply against the US dollar. The benchmark Korea Composite Stock Price Index climbed 28.34 points, or 0.91 percent, to close at 3,147.75. Trade volume was a little slim at 291 million shares worth 9.66 trillion won ($6.98 billion), with winners outnumbering losers ]]>
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    <title><![CDATA[[Contribution] Is China equity recovery durable?]]></title>
    <link>https://www.koreaherald.com/article/10546522</link>  
    <pubDate>Mon, 04 Aug 2025 15:20:42 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[By Raymond Cheng China’s equity rally faces a wall of scepticism after years of false dawns. However, this time could be different: Beijing’s crackdown on irrational competition in key industries and sustained stimulus, compounded by moderating US trade rhetoric ahead of a potential Trump-Xi meeting, are setting the stage for a sustainable equity market rebound most are missing. The Hang Seng index and MSCI China index have soared over 25 percent year to date. However, China equities still regis]]>
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    <title><![CDATA[Korea’s anti-obesity drug race in 2 minutes]]></title>
    <link>https://www.koreaherald.com/article/10546497</link>  
    <pubDate>Mon, 04 Aug 2025 14:54:05 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[A lot of people are trying to lose weight for a healthier life, a better appearance or self-satisfaction — but losing weight is not all that easy. For those struggling to cut fat, anti-obesity medications are practically magical. With the global weight-loss drug market expected to reach $150 billion in 2035, Korean pharmaceutical companies are rushing to come up with their own anti-obesity medications. Here’s how far they have come so far. ]]>
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    <title><![CDATA[LG Chem begins construction of Korea’s first &apos;green diesel&apos; plant]]></title>
    <link>https://www.koreaherald.com/article/10546496</link>  
    <pubDate>Mon, 04 Aug 2025 15:30:00 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[LG Chem has begun construction on Korea’s first hydrotreated vegetable oil production facility, furthering the company’s strategy to bring the supply of eco-friendly raw materials in-house amid rising global demand for sustainable alternatives. The company announced Monday that construction has started on the HVO plant in Seosan, South Chungcheong Province. Once completed in 2027, the facility is expected to produce 300,000 tons of HVO annually. HVO, sometimes called green diesel, is produced by]]>
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    <title><![CDATA[Samyang future-proofs ‘swicy’ trend with trademark filing]]></title>
    <link>https://www.koreaherald.com/article/10546484</link>  
    <pubDate>Mon, 04 Aug 2025 14:43:41 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Samyang Foods, the South Korean food giant behind Buldak Ramen, is staking an early trademark claim on this year’s hottest flavor: a sweet-and-spicy combo known as swicy. According to industry sources Monday, Samyang filed to register “Buldak Swicy” with the Korean Intellectual Property Office last month, followed about a week later by a filing for a colored logo featuring the term. The move signals the company’s bid to capitalize on a flavor trend that has drawn growing attention from global me]]>
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    <title><![CDATA[[Photo News] Woori Bank&apos;s dealing room revamped]]></title>
    <link>https://www.koreaherald.com/article/10546428</link>  
    <pubDate>Mon, 04 Aug 2025 14:07:30 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Woori Bank CEO Jung Jin-wan (center) poses with company officials during a ceremony marking the renewal of the bank’s global dealing room at its headquarters in central Seoul on Monday. The revamped facility now includes a new electronic display and ticker board for real-time monitoring of global markets. The renovation comes as Woori Bank steps up its foreign exchange operations. Last year, it launched the digital trading platform “Woori Won FX” and established a dedicated foreign exchange desk]]>
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    <title><![CDATA[Samsung to exclusively stream Jonas Brothers’ concert tour in 17 countries]]></title>
    <link>https://www.koreaherald.com/article/10546414</link>  
    <pubDate>Mon, 04 Aug 2025 13:54:16 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Samsung Electronics announced Monday that it will exclusively stream the Jonas Brothers’ 20th anniversary tour, &quot;Jonas 20: Greetings from Your Hometown,&quot; through its free streaming platform Samsung TV Plus. The broadcast will span 17 countries, including South Korea, the United States and France, strengthening Samsung’s growing presence in the global Free Ad-supported Streaming TV market. Kicking off with the group’s MetLife Stadium concert in New Jersey on Aug. 11, Samsung TV Plus will stream f]]>
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    <title><![CDATA[GS Caltex becomes first oil refiner to win Red Dot awards for app innovation]]></title>
    <link>https://www.koreaherald.com/article/10546411</link>  
    <pubDate>Mon, 04 Aug 2025 13:52:15 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean oil refiner GS Caltex said Monday that it has won two main honors at the 2025 Red Dot Design Award for its Energy Plus app, recognizing the company for its continued efforts to improve the customer experience at gas stations through digital innovation. The company became the first oil refiner to win the industry honor. The Energy Plus app received accolades in two categories — Apps and Interface & User Experience Design — under the Brands & Communication Design segment. Entries are ]]>
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    <title><![CDATA[Toss gains US broker-dealer license, eyes Q3 launch for direct trading]]></title>
    <link>https://www.koreaherald.com/article/10546404</link>  
    <pubDate>Mon, 04 Aug 2025 13:49:13 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Toss Securities plans to offer direct trading for US shares soon, following the recent broker-dealer approval obtained by its subsidiary, the Internet brokerage firm announced Monday. TSA Financial, a US subsidiary of Toss Securities, was registered in June as a member of the Financial Industry Regulatory Authority, a self-regulatory organization for the US brokerage industry, according to the firm. With this license, Toss Securities can now provide direct brokerage services through TSA Financia]]>
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    <title><![CDATA[LG, SKT, Naver among five selected for Korea’s sovereign AI push]]></title>
    <link>https://www.koreaherald.com/article/10546363</link>  
    <pubDate>Mon, 04 Aug 2025 14:00:00 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The Ministry of Science and ICT on Monday announced the final selection of five teams to lead South Korea’s ambitious “sovereign AI foundation model” project, aimed at building homegrown, high-performance artificial intelligence models. The selected teams are Naver Cloud, Upstage, SK Telecom, NC AI and LG AI Research. Each will be granted the titles of “K-AI model” and “K-AI company,” the ministry said. The final selection followed an evaluation process that assessed each consortium’s technologi]]>
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    <title><![CDATA[Early data shows stimulus coupons are helping retailers. Opticians see biggest boost]]></title>
    <link>https://www.koreaherald.com/article/10546303</link>  
    <pubDate>Mon, 04 Aug 2025 11:49:35 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Small business sales are already seeing an uptick a week after South Korea rolled out its stimulus coupon program, with data from July 21 to 27 showing noticeable gains, according to figures released Monday. A card sales analysis from Korea Credit Data showed that optical shops saw the biggest jump, with sales surging nearly 57 percent from the previous week. Fashion and clothing stores followed with a 28.4 percent increase. Noodle restaurants were up 25.5 percent, foreign language academies 24.]]>
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    <title><![CDATA[L’Oreal Korea appoints digital veteran as new CEO]]></title>
    <link>https://www.koreaherald.com/article/10546279</link>  
    <pubDate>Mon, 04 Aug 2025 11:32:58 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[L’Oreal Korea, the local unit of the French beauty giant, announced Monday the appointment of Rodrigo Pizarro as its new CEO, a seasoned executive who has led data-driven initiatives across the group’s global operations. Drawing on more than three decades of global experience within the group, the new CEO aims to lead L’Oreal Korea into its next chapter of growth through strategic, people-focused leadership and digital innovation. “It’s an honor to serve as CEO of L’Oreal Korea in the birthplace]]>
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    <title><![CDATA[Seoul shares open higher on tech gains]]></title>
    <link>https://www.koreaherald.com/article/10546046</link>  
    <pubDate>Mon, 04 Aug 2025 09:43:34 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean stocks opened slightly higher Monday, despite US losses, as investors went bargain hunting following a steep fall last week. The benchmark Korea Composite Stock Price Index rose 5.5 points, or 0.18 percent, to 3,124.91 in the first 15 minutes of trading. On Friday, the Kospi sank at the steepest pace in nearly four months as investor sentiment was dragged down by the government&apos;s tax revision proposal to raise taxes on corporations and stock investors. Wall Street lost ground last w]]>
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    <title><![CDATA[Foreign money returns to Kospi, piling into Samsung Electronics]]></title>
    <link>https://www.koreaherald.com/article/10545672</link>  
    <pubDate>Sun, 03 Aug 2025 14:56:38 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Foreign investors net purchased shares of over 6 trillion won ($4.3 billion) on the benchmark Kospi in July, driven largely by a massive 3.5 trillion won buying spree on the country’s leading chipmaker, Samsung Electronics. Offshore investors bought a net 6.28 trillion won worth of local stocks on the main bourse Kospi in July, according to the data from the bourse operator Korea Exchange. It was the largest amount since the 7.86 trillion won net buying in February 2024. Since turning to a net b]]>
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    <title><![CDATA[Trump’s China tariffs reshape US ESS market, offer boon for Korean batteries]]></title>
    <link>https://www.koreaherald.com/article/10545667</link>  
    <pubDate>Sun, 03 Aug 2025 14:46:04 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The market for energy storage systems, or ESS, in the US is at a critical juncture, as Korean battery-makers move to fill the gaps left by domestic players hurt by tariffs. Oregon-based Powin, once a top-three ESS integrator, filed for bankruptcy after tariff-driven costs on Chinese battery imports surged, exposing how vulnerable US firms are to foreign supply shocks. The shift, driven by Donald Trump’s push to curb Chinese dominance, is opening the door for Korean firms to ramp up local product]]>
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    <title><![CDATA[Air Zeta debuts as Korea’s no. 2 cargo carrier after Asiana deal]]></title>
    <link>https://www.koreaherald.com/article/10545658</link>  
    <pubDate>Sun, 03 Aug 2025 14:28:05 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Korea’s sole all-cargo airline, Air Incheon, has officially rebranded under the name Air Zeta, after acquiring Asiana Airlines’ cargo business, becoming the nation&apos;s second-largest cargo carrier. In a regulatory filing on Friday, Asiana Airlines announced that it had finalized the 470 billion won ($338 million) deal, nearly two years after receiving board approval in November 2023. Air Incheon was named the preferred bidder for Asiana’s cargo division in June 2024. Asiana’s divestment was a cond]]>
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    <title><![CDATA[Amorepacific glows abroad, sending profit soaring sixfold]]></title>
    <link>https://www.koreaherald.com/article/10545634</link>  
    <pubDate>Sun, 03 Aug 2025 13:12:18 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Amorepacific Holdings, the parent company of South Korean beauty giant Amorepacific, reported a more than sixfold increase in second-quarter operating profit on the back of robust overseas expansion and solid gains in the domestic market. In a regulatory filing on Friday, the company posted an operating profit of 80.1 billion won ($57.6 million) for the April to June period, up 555.5 percent from 12.2 billion won a year earlier. Consolidated revenue rose 8.9 percent on-year to 1.09 trillion won.]]>
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    <title><![CDATA[SK On rebrands R&D arm to boost battery innovation]]></title>
    <link>https://www.koreaherald.com/article/10545628</link>  
    <pubDate>Sun, 03 Aug 2025 12:46:24 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[South Korean battery-maker SK On has renamed its core research and development center the &quot;Future Technology Research Institute,&quot; strengthening its commitment to innovation-led growth and next-generation battery technologies. The institute, previously the SK On Battery Research Institute, has played a central role in the company’s battery development since its early days, including the world’s first NCM9 cell with 90 percent nickel content as well as the introduction of Z-folding technology. The]]>
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    <title><![CDATA[LG deepens bio push with US anticancer biotech]]></title>
    <link>https://www.koreaherald.com/article/10545613</link>  
    <pubDate>Sun, 03 Aug 2025 11:48:10 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[LG Group is accelerating its push into the biohealth sector by investing in Strand Therapeutics, a US-based developer of messenger RNA-based cancer therapies. LG recently participated as a Series B investor in Strand Therapeutics through its venture capital arm, LG Technology Ventures, according to industry sources Sunday. Headquartered in Cambridge, Massachusetts, the biopharma firm was founded in 2017 by a group of synthetic biologists from the Massachusetts Institute of Technology. The firm s]]>
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    <title><![CDATA[High-value gas orders lift Korean shipbuilders&apos; profit outlook]]></title>
    <link>https://www.koreaherald.com/article/10545612</link>  
    <pubDate>Sun, 03 Aug 2025 11:38:59 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[South Korea’s major shipbuilders ― HD Hyundai Heavy Industries, Samsung Heavy Industries and Hanwha Ocean ― are set to post stronger profit growth over the coming quarters, as high-margin gas carrier orders placed since 2023 begin to flow into their earnings. These liquefied natural gas, ammonia and liquefied petroleum gas carriers, typically priced more than 10 percent higher than earlier contracts, are expected to sharply boost shipyard profitability amid stabilizing construction costs. HD Hyu]]>
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    <title><![CDATA[Seoul draws red line: Why high-precision map data excluded from US trade deal]]></title>
    <link>https://www.koreaherald.com/article/10545598</link>  
    <pubDate>Sun, 03 Aug 2025 11:17:02 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[A key issue pushed by US tech giants Google and Apple ― the export of South Korea’s high-precision map data ― was notably excluded from last week’s Korea-US tariff negotiations, underscoring Seoul’s firm stance that its national security is not up a bargaining chip. According to industry sources and the presidential office on Sunday, the Korea-US trade discussions on Thursday focused largely on conventional tariff and commerce issues. The topic of high-precision map data exports, previously flag]]>
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    <title><![CDATA[Major S. Korean shipbuilders launch joint task force for massive US investment project]]></title>
    <link>https://www.koreaherald.com/article/10545573</link>  
    <pubDate>Sun, 03 Aug 2025 10:33:42 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[Major South Korean shipbuilders have launched a joint task force to support the government&apos;s cooperation with the United States under a recently agreed-upon large-scale investment project in the US shipbuilding sector, officials said Sunday. The top three shipbuilders -- HD Hyundai Heavy Industries Co., Hanwha Ocean Co. and Samsung Heavy Industries Co. -- along with the Korea Shipbuilding & Offshore Engineering Association, have formed the TF and held an inaugural meeting recently, according to ]]>
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    <title><![CDATA[Poland signs $6.5 billion deal to purchase 2nd batch of K2 tanks]]></title>
    <link>https://www.koreaherald.com/article/10545248</link>  
    <pubDate>Fri, 01 Aug 2025 20:31:33 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[Poland on Friday signed a deal worth about US$6.5 billion to purchase the second batch of K2 tanks from major South Korean defense contractor Hyundai Rotem Co., Seoul&apos;s defense ministry said. The deal marks the largest-ever arms export contract won by a South Korean company and the first major one since the launch of the Lee Jae Myung administration in June. Under the deal, Poland will be supplied with 180 K2 tanks and 81 other support vehicles. It follows up on a contract Poland signed in 2022 ]]>
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    <title><![CDATA[Hanwha says US Navy chief toured Philly Shipyard ahead of Korea-US tariff deal]]></title>
    <link>https://www.koreaherald.com/article/10545194</link>  
    <pubDate>Fri, 01 Aug 2025 17:41:42 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[US Navy Secretary John Phelan and White House Budget Director Russell Vought visited Hanwha Group&apos;s Philly Shipyard in Philadelphia on Wednesday, just hours before South Korea and the US finalized their new tariff agreement, Hanwha said Friday. The visit is seen as a contributing factor in the deal, with a shipbuilding partnership between the two countries reportedly playing a key role. According to Hanwha, Phelan and Vought toured major production facilities at the Philadelphia site, guided by ]]>
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    <title><![CDATA[Korean stocks tumble on tax reform letdown, trade uncertainty]]></title>
    <link>https://www.koreaherald.com/article/10545177</link>  
    <pubDate>Fri, 01 Aug 2025 17:08:27 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[South Korea’s benchmark Kospi slumped nearly 4 percent on Friday, marking its steepest single-day drop in two months, as investor optimism soured following disappointment over the government’s tax code revision and mounting uncertainty over US tariff talks. The Kospi closed at 3,119.41, down 3.88 percent from the previous session. The selloff was led by institutional and foreign investors, who offloaded 10.7 trillion won ($7.6 billion) and 656.5 billion won worth of shares, respectively. Retail ]]>
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    <title><![CDATA[9 out of 10 Koreans watch videos while eating alone, survey finds]]></title>
    <link>https://www.koreaherald.com/article/10545120</link>  
    <pubDate>Fri, 01 Aug 2025 16:10:45 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[A recent survey by Baedal Minjok (Baemin), South Korea’s leading food delivery platform, found Friday that 91 percent of people watch videos -- such as TV or streaming content -- while eating alone. The findings come from Baemin’s “My Solo Dining Skill” campaign, a celebration of surpassing 1 million users of the platform’s “han-geureut (one bowl)” category. The company launched the service in late April to cater to the growing number of single-person households, removing minimum order requireme]]>
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    <title><![CDATA[&apos;Baby Shark&apos; Pinkfong eyes management buyout alongside IPO: reports]]></title>
    <link>https://www.koreaherald.com/article/10545071</link>  
    <pubDate>Fri, 01 Aug 2025 15:21:56 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[The Pinkfong Company, creator of the global children’s sensation &quot;Baby Shark,&quot; is reportedly pursuing a management buyout in parallel with its planned market debut, according to industry sources on Friday. In May, the company filed for a preliminary review to list on the Kosdaq, marking a renewed push for an initial public offering six years after it first floated the idea in 2019. Multiple industry reports suggest that Pinkfong is in talks with potential buyers regarding a management sale. Acco]]>
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    <title><![CDATA[Hyundai Motor CEO says tariff deal removed uncertainties in US operations]]></title>
    <link>https://www.koreaherald.com/article/10545032</link>  
    <pubDate>Fri, 01 Aug 2025 14:45:11 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[Hyundai Motor Company CEO Jose Munoz said Thursday that the new tariff agreement between South Korea and the United States removes uncertainties, enabling the business to move forward in predictable frameworks. “This agreement ensures that the partnership (between Korea and the US) will continue flourishing, with predictable frameworks that benefit workers and communities in both nations,” the CEO wrote in a post on LinkedIn. The remark came hours after Korea and the US reached a new trade agree]]>
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    <title><![CDATA[Genesis Motor Europe appoints Peter Kronschnabl as new managing director]]></title>
    <link>https://www.koreaherald.com/article/10544998</link>  
    <pubDate>Fri, 01 Aug 2025 14:13:26 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[Genesis Motor Europe, the European arm of the Korean luxury automaker, announced Thursday the appointment of Peter Kronschnabl as its new managing director, effective Monday. He will lead operations at the brand’s European headquarters in Frankfurt, Germany, succeeding Xavier Martinet, president and CEO of Hyundai Motor Europe, who served in the role on an interim basis. Kronschnabl brings over 30 years of experience in the automotive industry, having held senior leadership positions at BMW Grou]]>
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    <title><![CDATA[SK hynix overtakes Samsung to lead global memory market for 1st time with HBM surge]]></title>
    <link>https://www.koreaherald.com/article/10544988</link>  
    <pubDate>Fri, 01 Aug 2025 13:58:23 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[SK hynix has claimed the top spot in the global memory chip market for the first time, overtaking long-time leader Samsung Electronics on the back of its dominance in high bandwidth memory chips, the highly lucrative artificial intelligence products. According to market tracker Counterpoint Research on Thursday, SK hynix recorded 21.8 trillion won ($15.6 billion) in memory sales, including both DRAM and NAND products, in the April-June period, narrowly surpassing Samsung&apos;s 21.2 trillion won. SK ]]>
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    <title><![CDATA[Daewoong&apos;s Nabota hits record H1 sales, expands to Middle East]]></title>
    <link>https://www.koreaherald.com/article/10544330</link>  
    <pubDate>Thu, 31 Jul 2025 17:32:42 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[South Korean drugmaker Daewoong Pharmaceutical announced Thursday that its botulinum toxin product, Nabota, posted 115.4 billion won ($83 million) in revenue in the first half of this year, up 28 percent from last year. With this growth, Daewoong expects to surpass 200 billion won in annual sales this year. Nabota was approved by the US Food and Drug Administration in 2019 as the first Asian botulinum toxin. Since then, Daewoong has pursued a premium strategy focused on high purity, high safety ]]>
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    <title><![CDATA[Lee Jae Myung rolls back Yoon-era tax cuts in first code overhaul]]></title>
    <link>https://www.koreaherald.com/article/10544287</link>  
    <pubDate>Thu, 31 Jul 2025 17:01:03 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[President Lee Jae Myung’s first tax code overhaul, unveiled Thursday, focuses on reversing the tax relief introduced under his predecessor over the past three years, chiefly by raising tax rates on corporations and high-income individuals. “The country’s tax revenue base has eroded sharply over the past three years, leading to a significant drop in the tax-to-GDP ratio,” First Vice Finance Minister Lee Hyoung-il said Tuesday during a press briefing. “This year’s tax revision aims to support econ]]>
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    <title><![CDATA[Seoul shares snap 6-day winning streak after US tariff deal]]></title>
    <link>https://www.koreaherald.com/article/10544201</link>  
    <pubDate>Thu, 31 Jul 2025 16:06:35 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[South Korean stocks ended their six-day winning streak Thursday on profit-taking, as investors assessed the impact of the long-awaited tariff deal between Seoul and Washington on the industry and the broader economy. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 9.03 points, or 0.28 percent, to close at 3,245.44, after hitting a four-year high in the previous session. Trade volume was heavy at 536.75 million shares worth 16.29 trillion won ($]]>
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    <title><![CDATA[Korea holds line on chips as US tariff deal offers strategic relief]]></title>
    <link>https://www.koreaherald.com/article/10544175</link>  
    <pubDate>Thu, 31 Jul 2025 15:32:56 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korean chipmakers expressed cautious optimism Thursday following a tariff agreement between Seoul and Washington that ensures they will not be treated less favorably than other countries in any future US tariffs on semiconductors. Experts say the impact of potential tariffs may be limited as Korean chips, especially advanced memory and foundry products, are difficult to replace and critical to US tech firms&apos; ambitions in artificial intelligence and high-performance computing. “Korea has se]]>
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    <title><![CDATA[Seoul, Washington strike $450b deal to cap US tariffs at 15%]]></title>
    <link>https://www.koreaherald.com/article/10544148</link>  
    <pubDate>Thu, 31 Jul 2025 15:19:37 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korea clinched a last-minute trade deal with the United States on Thursday, capping a looming blanket tariff at 15 percent and averting a steeper 25 percent rate set to take effect Friday. In return, Seoul agreed to a $350 billion investment package aimed at deepening economic ties with Washington. The new 15 percent tariff rate, described as “reciprocal,” aligns with terms recently accepted by Japan and the European Union. However, it marks a significant departure from the 2012 Korea-US F]]>
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    <title><![CDATA[Hyundai, Kia lose FTA edge as Korea accepts US tariff hike]]></title>
    <link>https://www.koreaherald.com/article/10544133</link>  
    <pubDate>Thu, 31 Jul 2025 15:05:03 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[The reduction of US tariffs on South Korean automobiles to 15 percent offers only limited relief for Hyundai Motor Group, which faces mounting challenges in the world’s second-largest car market. Stripped of its former zero-tariff advantage under the FTA, the automaker is bracing for a tougher fight to maintain its competitive edge. According to Seoul&apos;s presidential office, Korea and the US negotiated a 15 percent tariff on Korean-made automobiles on Thursday, lowering the rate from 25 percent. ]]>
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    <title><![CDATA[Korea draws red line on beef, rice in US trade deal]]></title>
    <link>https://www.koreaherald.com/article/10544122</link>  
    <pubDate>Thu, 31 Jul 2025 14:58:38 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[In a dramatic conclusion to trade negotiations between South Korea and the US, the Korean government announced Thursday that it had secured a tariff cut from the originally proposed 25 percent to 15 percent without yielding to further opening of its agriculture and livestock markets. Months of pressure from Washington centered on demands to lift Korea’s ban on beef from cattle over 30 months old and to expand rice imports. “We have agreed not to further open Korea’s rice and beef markets, given ]]>
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    <title><![CDATA[[Photo News] Musinsa opens Gangnam flagship]]></title>
    <link>https://www.koreaherald.com/article/10544066</link>  
    <pubDate>Thu, 31 Jul 2025 14:06:47 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[South Korea’s largest online fashion platform Musinsa said Thursday it will open its Gangnam store, located in Gangnam-daero, on Friday, marking its fourth offline concept store and first in a year since Musinsa Seongsu DaelimChanggo. Spanning three floors and featuring around 130 brands and 6,000 products, the store will offer curated sections including unisex, women’s and footwear. (Musinsa) ]]>
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    <title><![CDATA[Korea sails into US shipbuilding with $150b MASGA push]]></title>
    <link>https://www.koreaherald.com/article/10544061</link>  
    <pubDate>Thu, 31 Jul 2025 14:03:02 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[Korean shipbuilders are looking to make the most of cooperation with the US, as the Korean government on Thursday pledged a $150 billion fund to support shipbuilding investments in the US. Korea’s Deputy Prime Minister and Minister of Economy and Finance Koo Yoon-cheol touted the Make American Shipbuilding Great Again, or MASGA, project as making the biggest difference in the tariff deal struck this week with the Trump administration. “We expect our shipbuilders, which have world-class ship desi]]>
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    <title><![CDATA[After tariff deal reprieve, Samsung braces for new trade rules]]></title>
    <link>https://www.koreaherald.com/article/10544049</link>  
    <pubDate>Thu, 31 Jul 2025 13:51:43 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[Samsung Electronics said Thursday it is closely monitoring the upcoming decision by the US Department of Commerce regarding semiconductor-related trade regulations, despite an easing in uncertainty following tariff negotiations between South Korea and the US on the same day. During a conference call following its second-quarter earnings announcement, the tech giant said the decision expected in mid-August pertains to the Section 232 investigation under the US Trade Expansion Act, which covers se]]>
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    <title><![CDATA[LG CNS becomes first Korean firm certified in generative AI by Microsoft, AWS, Google]]></title>
    <link>https://www.koreaherald.com/article/10544029</link>  
    <pubDate>Thu, 31 Jul 2025 13:30:26 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
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    <![CDATA[LG CNS, the IT solutions arm of LG Group, announced Thursday that it has earned the “Build AI Apps on Microsoft Azure Specialization” certification — making it the first Korean company to secure generative AI credentials from all three global cloud companies: Microsoft, Amazon Web Services and Google Cloud. The certification is awarded to Microsoft partners who demonstrate proven success in building, deploying and managing AI solutions on Azure, and who pass rigorous third-party audits and demon]]>
    </description>

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    <title><![CDATA[Behind Korea’s tariff deal: Chaebol diplomacy at work]]></title>
    <link>https://www.koreaherald.com/article/10543927</link>  
    <pubDate>Thu, 31 Jul 2025 11:34:42 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[As South Korea and the United States reached an agreement on tariffs on Wednesday, attention is turning to the behind-the-scenes role of Korea’s top business tycoons, who acted as de facto special envoys in the critical final days of negotiations. Samsung Electronics Chairman Lee Jae-yong, Hyundai Motor Group Executive Chair Chung Euisun, and Hanwha Group Vice Chairman Kim Dong-kwan all made high-profile visits to the US this week, lending their corporate firepower to support Seoul’s diplomatic ]]>
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    <title><![CDATA[Hanwha Aerospace posts record Q2 earnings on defense, shipbuilding boom]]></title>
    <link>https://www.koreaherald.com/article/10543885</link>  
    <pubDate>Thu, 31 Jul 2025 11:25:29 +09:00</pubDate>
    <author>The Korea Herald</author>
        
    
    
    <category>Business</category>
    
    
    
    
    
    
                                            
    <description>
    <![CDATA[Korea’s leading defense contractor Hanwha Aerospace on Thursday reported a record-high second-quarter revenue of 6.27 trillion won ($4.5 billion), marking a 169 percent increase compared to the same period last year. Operating profit also surged 156 percent on-year to 864.4 billion won. “The second quarter saw strong growth, driven by robust performance in the land defense sector and stable results from Hanwha Ocean,” a company official said. “In the second half, we plan to expand our order book]]>
    </description>

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