The Korea Herald

Lime to roll out e-mopeds in Seoul

Jan 28, 2021

Lime, the world’s leading provider of rented electric scooters and electric bikes, will soon launch electric mopeds in Seoul, the company said Thursday. According to Lime, the e-mopeds will be intro...
PM Chung calls LG-SK battery lawsuit ‘embarrassing’

Jan 28, 2021

In a rare intervention, the top official urges two companies to swiftly resolve issue
Hyundai Motor faces ‘big turning point’ in post-COVID era

Jan 28, 2021

S. Korea’s top auto group vows to transform into future mobility solutions provider in lines with market demands
LG Electronics to jack up dividend payout this year

Jan 28, 2021

LG Electronics Inc. on Thursday announced it will pay out more dividends to its shareholders in a move to increase shareholder value. LG said its shareholders will receive 1,200 won ($1.07) per comm...
[Earnings roundup] 2020 best year for Naver, Samsung SDI

Jan 28, 2021

The Q4 earnings season peaked in South Korea with the undefeatable Samsung Electronics reporting Thursday. Already overshadowed by the IT giant, the country’s top internet operator Naver and battery ...
Naver Cloud’s global growth accelerates due to pandemic

Jan 28, 2021

The COVID-19 pandemic has thwarted many businesses, but for some, it acted as a stressor for growth. On the back of increased contactless working, Naver’s Cloud service experienced a 41.4 percent on...
Will Hanwha chief return to boardroom?

Jan 28, 2021

Employment restriction on Kim Seung-youn to be lifted next month
Hyundai Construction Equipment to expand global sales of forklifts

Jan 28, 2021

Construction equipment maker Hyundai Construction Equipment Co. said on Thursday that it has signed a deal with Chinese forklift maker UN Forklift to produce forklifts under an original equipment man...
AFoCO views forest cooperation as key to battle climate and pandemic crisis

Jan 28, 2021

Asia tackles the transnational risks of climate and pandemic through AFoCO
AFoCO chief strives for stronger regional forest cooperation in Asia

Jan 28, 2021

AFoCO hopes for a greener Asia with strong, resilient forests and communities
S-Oil Q4 net jumps 172% on robust petrochemical demand

Jan 28, 2021

S-Oil Corp., South Korea's No. 3 refiner, said Thursday its fourth-quarter net profit soared 172.1 percent from a year earlier as strong sales of petrochemical products offset the weak refining margi...
GM Korea chief picks labor issues as key concern for investment

Jan 28, 2021

Lack of labor flexibility, continued industrial action and annual wage negotiations remain major challenges to doing business in South Korea and attracting foreign investment, the chief of GM Korea C...
Samsung relegated to 2nd spot in Q4 smartphone market: report

Jan 28, 2021

Samsung Electronics Co. dropped to the second spot in the global smartphone market in the fourth quarter of 2020, a report showed Thursday, as Apple Inc. outshined other companies on the back of its ...
LS Electric 2020 net profit down 17% to W85.5b

Jan 28, 2021

LS Electric Co. on Thursday reported its 2020 net profit of 85.5 billion won ($76.6 million), down 17 percent from a year earlier. Operating income for the year was 133.7 billion won, down 20.7 perc...
LS Electric Q4 net income up 64.8% to W21.2b

Jan 28, 2021

LS Electric Co. on Thursday reported its fourth-quarter net profit of 21.2 billion won ($19 million), up 64.8 percent from a year earlier. The company said in a regulatory filing that it posted 32.6...