The Korea Herald

Samsung Electronics is getting ready to drop its slimmest foldable phone yet, the Galaxy Z Fold 6 SE, next week—just three months after its last foldable launch—as it looks to fend off fierce competition from Chinese rivals in the fast-growing foldable market. https://lnkd.in/g76ntZyk

Amazon's big investment in nuclear energy is driving excitement in the industry, especially for South Korean companies, as the tech giant bets on small modular reactors (SMRs) to power its growing AI operations and hit its climate goals. Three Key Points: - Amazon is investing in SMR developer X-Energy to support clean energy for its 2040 climate pledge. - South Korean firms Doosan Enerbility and DL E&C Co., Ltd, already involved in SMR tech, see this as a major growth opportunity. - Korean SMR-related stocks surged after Amazon’s announcement, with SMR commercialization expected by 2030.

K bank, 케이뱅크(Kbank) South Korea’s first internet-only bank, is preparing for a major IPO to raise over 1 trillion won, fueling its next growth phase in retail banking, SME lending, and digital platforms. Key Points: - IPO could raise up to 984 billion won, driving expansion in loans for small businesses and self-employed individuals. - Market cap expected to reach 5 trillion won—biggest listing since 2022’s LG Energy Solution. - Focus on diversifying from mortgage loans and reducing reliance on crypto-related deposits through its partnership with Upbit.

Hanwha Group is doubling down on its US shipbuilding expansion, following the purchase of Philly Shipyard, Inc., and is eyeing more acquisitions on the West Coast as part of its broader global growth strategy.

On the scene at Kurly’s beauty festival, The Korea Herald reporter found mixed customer reactions as Kurly 컬리 넥스트마일(Kurly Nextmile) 컬리페이(Kurly Pay) bets big on its growing beauty platform. https://lnkd.in/gR-Q6ngj

https://lnkd.in/gwGneaAf [Exclusive] Louis Vuitton of LVMH is taking Korean VIPs on a trip to a JW Marriott on Jeju Island for shopping. Up next? Hermès, CHANEL?

Old diesel trucks and motorcycles get a second life as EVs, thanks to Korean startup JM.Wave’s retrofitting tech.

Four years into Chung Euisun’s tenure, Hyundai Hyundai Motor Company (현대자동차) has raced past industry giants. Its next challenge lies in mastering software. https://lnkd.in/gXmuqSGq

Han Kang has also become the first Asian woman to win the Nobel Prize in Literature. Here’s the ultimate guide to her artistic journey.

South Korean novelist Han Kang, who won the 2024 Nobel Prize in Literature on Thursday, said she will "celebrate quietly tonight" having tea with her son.