The Korea Herald

Hankook Tire aims larger clout in original equipment tires

Mar 26, 2020

Hankook Tire, South Korea’s largest tire manufacturer by sales, said Thursday it will ramp up research in the original equipment tire sector. OE tires refer to tires that are equipped with new vehic...
[Photo News] Duty-free hit by coronavirus

Mar 26, 2020

The duty-free zone of Incheon International Airport’s Terminal 1 appears quiet Wednesday afternoon. As the industry was hit hard by the sharp drop in outbound travelers due to the spread of the new c...
[Herald Interview] ‘COVID-19 to affect humans’ short-term evolution’ Macrogen CEO

Mar 26, 2020

A human life is not only determined by the genomic structure, but also by what types of viruses and microbiomes the body interacts with. CEO Yang Gap-seok of Macrogen, a company that has recently be...
Korean refiners cut export price as storage supplies max out

Mar 26, 2020

South Korean refiners are exporting more petrochemical products at lower prices as their storage facilities have reached their limit due to a sharp fall in domestic demand, industry sources said Thur...
Korea’s supply chain vulnerable to coronavirus crisis

Mar 26, 2020

Korea’s trade on edge amid China’s production disruptions, US, Europe’s falling demand
GM Korea, union reach provisional agreement on wage talks

Mar 25, 2020

GM Korea Co. and its labor union said Wednesday that they have reached a provisional agreement on their long-drawn wage talks. The understanding on wages and collective bargaining for the 2019 calen...
Discount promotions to support farmers as virus delays school openings

Mar 25, 2020

The COVID-19 outbreak is dealing a blow to farms and fisheries, particularly straining their supply plans for school feeding. In efforts to support the agro-fishery industry, the country’s major ret...
[Monitor] Local e-remittance market grows rapidly

Mar 25, 2020

The average amount of money transferred through local e-remittance services within a day during 2019 has increased by 124.4 percent to reach 235 billion won from a year earlier, according to Bank of ...
Korean plants, shops around world close on coronavirus spread

Mar 25, 2020

In Europe, world‘s top television manufacturer has shut TV plants in Hungary and Slovakia, stopping all of its TV production activities for the European market.
Yongsan Garrison apartment complex to open to public in April

Mar 25, 2020

An apartment complex located inside the Yongsan Garrison -- US Forces Korea headquarters before its relocation to Pyeongtaek -- will be temporarily open to public from April 28, the Land Ministry sai...
Korean oil refiners forced to keep plants rolling despite pandemic losses

Mar 25, 2020

South Korean oil refiners are facing heavy losses due to the coronavirus pandemic, but are unable to shut down their plants without causing further problems. According to a domestic oil refinery uni...
Posco donates W5b, actively participates in virus relief efforts

Mar 25, 2020

South Korea’s largest steelmaker Posco is actively participating in relief efforts for regions affected by the COVID-19 outbreak, the company said Wednesday. Posco, which has its main headquarters a...
Posco signs with clients to use Innovilt brand

Mar 25, 2020

South Korea’s largest steelmaker Posco said Wednesday it has signed agreements with 17 local companies for certification of 23 products of its premium construction steel materials brand Innovilt. Co...
[Monitor] Korea’s employment quality deteriorates

Mar 25, 2020

South Korea’s employment quality has deteriorated compared to advanced countries since the 2008 global financial crisis, with the number of part-time workers increasing 49 percent. The Korea Economi...
Hanwha chief’s eldest son appointed Hanwha Solutions’ board director

Mar 24, 2020

Hanwha Solutions pledged a shift to an eco-friendly business and named Vice President Kim Dong-kwan as executive director of the company’s board. The decisions were made at the firm’s general shareh...