The Korea Herald

Doosan likely to finalize self-rescue package next month

IndustryMay 27, 2020

South Korea's cash-strapped Doosan Group is likely to finalize its self-rescue plan next month, as creditors have yet to vet the books of the group's affiliates, industry sources said Wednesday. The...
Size of S. Korean insects industry up 8% in 2019

IndustryMay 27, 2020

The size of South Korea's insects industry rose 8 percent in 2019 from a year earlier, data showed Wednesday, as a growing number of companies raise or process insects for foodstuffs, pets and other ...
[Monitor] New house supply to rise 22% in H2

IndustryMay 27, 2020

Supply of new apartments across the country will increase by about 22 percent to 148,239 in the second half of this year compared to the first, according to real estate app company Jikbang. The figu...
[Graphic News] Tesla 3rd highest-selling imported auto brand in Korea

IndustryMay 27, 2020

US electric carmaker Tesla Motors ranked third in first-quarter sales in South Korea’s imported passenger vehicle market on strong demand for the Model 3, an industry association said. In the Janu...
Samsung to sponsor esports company with gaming monitors

IndustryMay 27, 2020

Samsung Electronics Co. said Wednesday it has signed a partnership with a global esports organization to boost its presence in the gaming monitor market. Samsung said it will sponsor its latest disp...
Coupang closes Bucheon logistics center over COVID-19 cases

RetailMay 26, 2020

E-commerce platform giant Coupang said Tuesday it has closed its Bucheon logistics center in Gyeonggi Province and conducted disinfection of the facility after at least 10 COVID-19 cases are confirme...
Starbucks Korea expands Teavana stores as tea gains popularity

RetailMay 26, 2020

Starbucks Korea said Tuesday that it has expanded the number of Reserve stores selling Teavana drinks to 52 from 13 amid the growing popularity of tea. According to the coffee chain, sales of tea dr...
Hyundai Engineering posts growth globally since merger

IndustryMay 26, 2020

Since merging with Hyundai Asset Management Co. in 2014, Hyundai Engineering has grown into a global construction firm logging a stable surplus. According to the company, its accumulated overseas co...
COVID-19 delays Korea’s defense exports

IndustryMay 26, 2020

Defense cuts amid pandemic push back payments for projects, hinder new contracts
‘LG Chem will quit businesses if safety isn’t guaranteed’

IndustryMay 26, 2020

LG Chem Vice Chairman Shin Hak-cheol said Tuesday he would even consider quitting current businesses if the company can’t secure environmental safety in the aftermath of a recent gas leak at LG Polym...
SK Chemicals to sell bioenergy biz to invest in green materials

IndustryMay 26, 2020

SK Chemicals said Tuesday it is moving to finalize the sale of its cash cow bioenergy business to make new investments in green materials. The company plans to sell its bioenergy business to private...
Hyundai Steel wins green award for climate change response

IndustryMay 26, 2020

Hyundai Steel led by CEO Ahn Dong-il won the Carbon Management Sector Honors Award in the raw materials sector at the 2019 Best Companies for Climate Change Response hosted by the South Korean divisi...
[Photo News] Virus fighting robot

TechnologyMay 26, 2020
LG CNS collaborates with US firm on blockchain digital identity

TechnologyMay 26, 2020

LG CNS said Tuesday it is teaming up with US-based Evernym to develop blockchain-based digital identification solution. Based in Salt Lake City, the US firm specializes in developing decentralized i...
Samsung unveils highest-level security solution targeting non-contact market

TechnologyMay 26, 2020

Samsung Electronics on Tuesday unveiled a security solution with the highest level of protection, eyeing the growing non-contact services market. The standalone turnkey security solution is comprised...