The Korea Herald

Chey to attend FTC meeting over SK Siltron case

IndustryNov 17, 2021

SK Group Chairman Chey Tae-won will attend a Fair Trade Commission session next month involving SK Siltron, the antitrust body said Wednesday. The antitrust watchdog has been looking into SK Group’s ...
Hyundai’s auto designer Peter Schreyer features in new book

TransportNov 17, 2021

Peter Schreyer, the renowned car designer now leading Hyundai Motor Group’s design management, is featured in a new book “Roots and Wings,” a Korean edition of which is to hit local shelves soon. Or...
Samsung’s pick for 2nd foundry fab in US seems imminent

TechnologyNov 17, 2021

With Lee Jae-yong, the de facto leader of Samsung Electronics, currently in the US, industry observers expect the company to decide on the final location for its second foundry plant in the US, accor...
Korea-US alliance worth up to 3,000 trillion won for South Korea: KERI

IndustryNov 17, 2021

The Korea-US alliance has been estimated to possibly be worth over 3,000 trillion won ($2.53 trillion) for South Korea, according to a new study by the Korea Economic Research Institute. The Seoul...
[Behind the Wheel] Audi e-tron GT all set to turn up heat in e-sports car competition

TransportNov 17, 2021

As to the appearance, the e-tron GT took in aerodynamics as a key design factor. The round coupe roofline -- a result from cooperative efforts by designers and engineers -- reduces air resistance to ...
Listed firms' on-year net profit nearly triples in first 9 months

IndustryNov 17, 2021

The combined net profit of listed South Korean companies rose 165.8 percent in the first nine months of this year from a year earlier, the bourse operator said Wednesday. The combined net profit of ...
Scam warning issued over @top-sale-korea.com mail accounts

IndustryNov 17, 2021

The Korean Consumer Agency on Wednesday issued a scam warning over websites and emails with a “top-sale-korea.com” URL. The institution has received a total of 66 consumer complaints regarding the a...
App store operators to face fine of up to 2% of revenue in violation of billing law

IndustryNov 17, 2021

App store operators will face a fine of up to two percent for forcing developers to use their own in-app payment systems, the country's telecommunications regulator said Wednesday. Under the enforce...
Firms’ Q3 investment up 7% despite pandemic: data

IndustryNov 17, 2021

South Korean companies increased their third-quarter investment by 7 percent from last year, mostly led by those in the IT and electronics sector, market data showed Wednesday. According to an analy...
Samyang partners up with UAE retailer for Middle East expansion

RetailNov 17, 2021

Samyang Foods said Wednesday it had inked a partnership deal with United Arab Emirates retailer Sarya General Trading to accelerate Spicy Buldak Ramen sales in the Middle East. Under the 2.5 billion...
4 mobile payment platforms fined over collusion

IndustryNov 17, 2021

South Korea's antitrust regulator said Wednesday it has decided to impose a combined fine of 16.9 billion won ($14.3 million) on four mobile payment platform operators for colluding to impose excessi...
S. Korea to burn hydrogen, ammonia at thermal power plants

BusinessNov 17, 2021

The South Korean government announced Tuesday it will develop hydrogen and ammonia as feedstock for thermal power generation in order to gradually phase out the use of fossil fuels. According to the...
GS Energy to bring in annual 200,000 tons of blue ammonia from UAE

IndustryNov 17, 2021

GS Energy Corp., an energy unit of South Korean conglomerate GS Group, has secured a deal to annually bring in about 200,000 tons of blue ammonia from the United Arab Emirates (UAE) from 2025, accord...
'Drone taxi’ race heats up as Korean Air, Lotte announce new urban air mobility projects

TransportNov 17, 2021

The race to commercialize urban air mobility services is heating up as national flag carrier Korean Air and retail giant Lotte on Tuesday announced new projects to help introduce drone airport shuttl...
S. Korea to burn hydrogen, ammonia at thermal power plants

IndustryNov 16, 2021

The South Korean government announced Tuesday it will develop hydrogen and ammonia as feedstock for thermal power generation in order to gradually phase out the use of fossil fuels. According to the...