Canada plant powers LG Energy Solution growth amid EV slowdown

LG Energy Solution’s Canadian battery plant is emerging as a bright spot for the company as the global electric vehicle market slows, offsetting weaker performance at some of its European and US facilities. According to the company’s audit report released Thursday, NextStar Energy, LG Energy Solution’s battery plant in Windsor, Ontario, posted revenue of 362.4 billion won ($268 million) last year, up 22.4 percent from a year earlier. Operating profit reached 53 billion won, surging nearly fivefo

March 13, 2026

Why Korea’s wealthy investors are buying the dip

Recent weeks have shown once again how quickly geopolitical shocks can ripple through global markets. Tensions in the Middle East pushed oil prices sharply higher and rattled global equities. South Korea’s benchmark Kospi was no exception, suffering a steep pullback that dampened investor sentiment. Although the market has since staged a partial rebound, it has yet to fully regain previous levels. But periods of market turbulence often reveal a clearer picture of investor behavior — especially a

March 13, 2026

AI demand pushes LG Innotek chip substrate lines near full capacity

LG Innotek’s semiconductor substrate business is emerging as a key growth engine, with factories running at 80 percent of capacity as demand rises alongside the expansion of artificial intelligence infrastructure. According to the company’s 2025 business report released Thursday, the average use rate of its semiconductor substrate lines reached 80.8 percent last year, up sharply from 63.2 percent in 2023 and 75.6 percent in 2024. The rebound has driven strong growth in LG Innotek’s Package Solut

March 13, 2026

Samsung severance pay lawsuits expand across affiliates

South Korea’s top court ruling that a key performance bonus at Samsung Electronics should be included in severance pay calculations is triggering a wave of lawsuits not only against the tech giant but also across other Samsung affiliates. According to law firm APro on Friday, 38 additional former Samsung Electronics employees filed a lawsuit Thursday seeking recalculation of severance pay and unpaid compensation. The case was submitted to the Seoul Central District Court. The new filing adds to

March 13, 2026

Foreign stock outflows hit record in February as investors take profits

Foreign investors pulled a record amount of funds from South Korea’s stock market last month as they locked in profits following a rally, central bank data showed Thursday. According to a report on international finance and foreign exchange markets released by the Bank of Korea, foreign investors sold $7.76 billion more Korean securities than they bought in February. The February figure marked the second-largest net outflow on record and ended a five-month streak of net inflows that had continue

March 13, 2026

Stablecoins can cut costs of cross-border payments: Woori Financial digital chief

Woori Financial Group is exploring global partnerships to expand stablecoin-based cross-border payments as the government moves toward regulating digital assets. “Companies with overseas subsidiaries constantly need to send money abroad,” Ok Il-jin, executive vice president of digital innovation at Woori Financial, said in an interview with Herald Business in Seoul. “Stablecoins can significantly shorten settlement times and reduce transaction costs.” The group is reviewing ways to integrate sta

March 10, 2026

'Solana is autobahn for money,' says Swiss foundation’s Korea chief

Solana is emerging as a preferred blockchain platform for stablecoin payments and tokenized financial assets, positioning itself as a high-speed, low-cost backbone for next-generation finance, according to Lee Sung-san, Korean chief of the Switzerland-based Solana Foundation. "Solana can be compared to an autobahn where money moves at full speed," Lee said in a recent interview with Herald Business, a sister vernacular of The Korea Herald. "It is optimized for stablecoin transfers, payments, rem

Jan. 19, 2026

[Photo News] LG spotlights auto tech at Times Square

Dec. 28, 2025

[Photo News] Ready for year-end traffic surge

Dec. 28, 2025