The Korea Herald

Kakao creates W300 billion fund, pledges to work for society

TechnologySept 14, 2021

Tech firm aims to soothe public anger in face of tightening regulations
[From the scene] AMG Seoul offers adrenaline thrill

TransportSept 14, 2021

World’s sixth AMG Brand Center opens in Seoul to present Mercedes’ high-performance cars
GS Caltex dispatches robots into hazardous ops with nitrogen asphyxiation risks

IndustrySept 14, 2021

GS Caltex said Tuesday that it has deployed robots to maintenance tasks that entail risks of nitrogen asphyxiation, accelerating its digital transformation drive. According to the South Korean total...
LG Chem to produce 75,000 tons of corn-based bioplastic in US

IndustrySept 14, 2021

LG Chem said Tuesday it will form a joint venture with Archer Daniels Midland, one of the world’s largest corn processors, to produce 75,000 tons of corn-based bioplastic per year starting in 2025. ...
Pernod Ricard Korea to inaugurate new CEO

RetailSept 14, 2021

Pernod Ricard Korea said Tuesday that Frantz Hotton has been inaugurated as the new CEO of the Korean subsidiary of global wine and spirits company Pernod Ricard Group. Hotton, who is the current CE...
Chicken burger chain Mom’s Touch to open 100 stores in US by 2025

RetailSept 14, 2021

South Korean chicken burger chain Mom’s Touch said Tuesday it plans to open 100 stores in the United Sates in the next four years. Though the fast food chain opened a test store in the US in 2017, i...
Money supply keeps growing in July

IndustrySept 14, 2021

South Korea's money supply continued to expand in July on increased corporate fund-raising and household loans amid the COVID-19 pandemic, central bank data showed Tuesday. The country's M2 stood at...
Samsung releases new monitor designed for video conferences

IndustrySept 14, 2021

Samsung Electronics Co. on Tuesday released a new monitor suitable for video meetings as the tech giant aims to expand its presence amid the pandemic-driven stay-at-home trend. Samsung's new monitor...
Samsung Heavy to close one of Chinese plants

IndustrySept 14, 2021

South Korean shipbuilder Samsung Heavy Industries Co. said Tuesday it will close one of its Chinese plants due to decreased productivity caused by its superannuated facilities. Samsung Heavy has bee...
Seoul, Washington eye closer ties in global supply chain, vaccine delivery

IndustrySept 14, 2021

South Korea and the United States have agreed to maintain close ties in the goal supply chain and continue to make joint efforts to speed up the delivery of vaccines around the globe, the trade minis...
Hyundai accepts early orders for mini SUV Casper

IndustrySept 14, 2021

Hyundai Motor Co. said it began accepting preorders on Tuesday for the upcoming mini SUV Casper ahead of its launch in South Korea later this month. Hyundai said it is accepting early orders only th...
[News Focus] Naver, Kakao: How icons of innovation have come under fire

TechnologySept 13, 2021

In particular, Kakao Group’s 10-year expansion through aggressive mergers and acquisitions has come under fire. Kakao, formerly founded as IWILAB, was a startup that raised 34 million won ($28,953) ...
Hyosung Group Chairman Cho Hyun-joon calls for aggressive US push

IndustrySept 13, 2021

Hyosung Group Chairman Cho Hyun-joon called for an aggressive, preemptive approach to increase its business foothold in the US during his recent visit there, the group said Monday. “The US holds the...
Luxury imported cars see record sales in August

TransportSept 13, 2021

Consumer appetite for expensive imported cars is bigger than ever in South Korea. According to data from the Korea Automobile Importers & Distributors Association on Monday, total sales of imported ...
Samsung Bioepis says its trastuzumab biosimilar as safe, effective as original

TechnologySept 13, 2021

South Korean pharmaceutical company Samsung Bioepis said Monday its breast cancer treatment biosimilar Ontruzant is proven to be just as safe and effective as the original drug. The Korean drugmaker...