The Korea Herald

S. Korea ranks 2nd in global chip sales in 2020: report

Apr 14, 2021

South Korea, home to major memory chip suppliers like Samsung Electronics Co. and SK hynix Inc., ranked second in global chip sales last year, a report showed Wednesday, although it had extremely wea...
Samsung Engineering wins $650m plant deal from Saudi Arabia

Apr 14, 2021

Samsung Engineering Co., a plant construction unit of Samsung Group, said Wednesday it has clinched a $650 million deal to build a petrochemical plant in Saudi Arabia. Under the deal with Advanced G...
S. Korea's chip equipment spending soars 61% in 2020: report

Apr 14, 2021

South Korean chipmakers' spending on equipment soared 61 percent last year from a year earlier, the largest growth among major chip producing countries, industry data showed Wednesday. South Korea, ...
[Behind the Wheel] Kia’s K8 sporty sedan to challenge Grandeur

Apr 13, 2021

Larger than bestselling Grandeur, cheaper than K9, Kia’s all-new K8 provides new product tier for sedan drivers
Samsung SDI to supply battery cells to US EV startup Rivian

Apr 13, 2021

South Korean battery maker Samsung SDI Co. will supply battery cells for US electric vehicle startup Rivian's upcoming vehicles, the companies said Tuesday. RJ Scaringe of Rivian, backed by Amazon.c...
Samsung tipped to ramp up US investment as Biden vows more spending: analysts

Apr 13, 2021

Samsung Electronics Co., the world's largest memory chip producer, is likely to accelerate its investment in the United States as US President Joe Biden urged more spending in the chipmaking sector t...
SKIET opens 2nd EV battery separator factory in China

Apr 13, 2021

SK IE Technology Co. (SKIET), a battery material subsidiary under SK Innovation Co., said Tuesday its second battery separator factory in China started operations to step up its production capacity. ...
S. Korean biotech firms eying phase 3 clinical trials of COVID-19 vaccines

Apr 12, 2021

Five South Korean biotech companies are pushing for phase three clinical trials of COVID-19 vaccines in the second half of this year, the health ministry said Monday. The government plans to inject ...
What next after LG-SK battery dispute end?

Apr 12, 2021

SKI’s US battery biz salvaged after dramatic patch-up with LGES, but challenges remain
Pan Ocean signs another bunkering ship deal with Shell

Apr 12, 2021

Pan Ocean Co., South Korea's second-largest shipper by sales, said Monday it has signed another deal with global oil giant Shell NA LNG, LLC (Shell) for the lease of a liquefied natural gas (LNG) bun...
Posco Q1 operating earnings up 120% to W1.55tr

Apr 12, 2021

South Korea's leading steelmaker Posco estimated Monday its first-quarter operating profit hit the highest point in 10 years on robust demand amid global economic recovery from the COVID-19 pandemic....
Korea Shipbuilding wins W227b in orders for 3 ships

Apr 12, 2021

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has obtained a combined 227 billion won ($202 million) worth of orders to build three liquefied petroleum gas (LPG) carriers. Unde...
Korean battery makers rally after battery dispute settlement

Apr 12, 2021

Shares of two Korean battery makers spiked Monday as they ended a two-year legal dispute over electric vehicle (EV) battery technology, which cleared uncertainty over their businesses. On Sunday, LG...
[#WeFACE] Beyond EVs, Hyundai Motor ponders true meaning of ‘sustainability’

Apr 11, 2021

In embracing global ESG trends, auto group focuses on efficiency, balance and long-term business goals
Mobile carriers tipped for robust Q1 earnings on 5G growth

Apr 11, 2021

South Korean wireless carriers are estimated to have logged robust earnings in the first quarter on the back of sharp growth in 5G users and their non-telecom businesses, a poll showed Sunday. The c...