The Korea Herald

SKC sells off chemical business, secures W1tr for new investment

Mar 16, 2020

South Korean chemical firm SKC said Monday it has secured about 1 trillion won ($814.9 million) by liquidating its stake in its chemical business to expand investment in mobility and chip businesses....
Korean scientists develop high-filter, washable masks

Mar 16, 2020

By Lim Jeong-yeo ( kaylalim@heraldcorp.com )
Kakao sells part of stake in Hanjin KAL

Mar 16, 2020

South Korean internet giant Kakao has sold part of its stake in Hanjin KAL, having previously been expected to support Cho Won-tae in a family feud over the control of Hanjin Group, according to indu...
Innocean Worldwide expands to Singapore, Indonesia

Mar 16, 2020

Innocean Worldwide said Monday that it has opened new overseas offices in Singapore and Indonesia to strategically target the Asia-Pacific market. The global marketing communication unit of Hyundai ...
Celltrion’s Cheongju plant passes FDA evaluation

Mar 16, 2020

Celltrion said Monday its Cheongju plant passed the US’ Food and Drug Administration’s additional inspection, opening up the path to a 1.2 trillion won ($985 million) human immunodecifiency treatment...
Genexine, Binex to co-develop coronavirus vaccine GX-19

Mar 16, 2020

Korean companies Genexine and Binex will jointly develop potential COVID-19 vaccine “GX-19,” in hopes of preventing yearly seasonal flus showing respiratory symptoms, the companies said Monday. GX-1...
Korean firms on edge about rapid coronavirus spread in Europe, US

Mar 16, 2020

Samsung, LG, Hyundai concerned about production disruptions, weaker consumer sentiment
Doosan Solus wins W100b battery foil deal in Europe

Mar 16, 2020

Doosan Solus said Monday that its subsidiary in Hungary had won a supply contract to provide 100 billion won ($82 million) worth of battery foil, used in electric cars, to a global battery manufactur...
Korean Air uses passenger jets as cargo carriers amid virus woes

Mar 16, 2020

Korean Air Lines Co., South Korea's biggest airline by sales, said Monday it has begun to use passenger jets to transport cargo on suspended routes amid the spreading coronavirus outbreak. Korean Ai...
[Newsmaker] Coupang deliveryman found dead attempting late-night delivery

Mar 16, 2020

A deliveryman was found dead while working after midnight for Coupang. The exact cause of death is not known. According to the Korean Public Service and Transport Workers’ Union on Sunday, the 46-ye...
More firms adopt anti-virus steps for shareholder meetings

Mar 16, 2020

More South Korean companies are ramping up virus prevention measures for their upcoming shareholder meetings by adopting electronic voting to join the country's efforts to stem the spread of the nove...
Hyundai Heavy clinches 400b-won deal to build 1 frigate

Mar 16, 2020

Hyundai Heavy Industries Co., the world's largest shipbuilder in terms of the value of orders last year, said Monday that it has won a 400 billion-won ($330 million) order to build one frigate for th...
Korean conglomerates to hold shareholders meeting despite COVID-19

Mar 15, 2020

A total of 314 South Korean companies, including Samsung Electronics, Hyundai Motor and SK hynix, will hold shareholders meetings this week. The companies have rolled out measures to counter concerns...
KITA’s online export platforms help firms overcome virus outbreak

Mar 15, 2020

The Korea International Trade Association is bolstering remote online export platforms to help domestic companies facing difficulties in export to find new export channels amid the coronavirus outbre...
Stocks of major firms plunge over coronavirus spread

Mar 15, 2020

Major listed South Korean firms have seen a sharp drop in market capitalization by losing a combined 174 trillion won ($142 billion), down more than 20 percent, in the last 52 days, according to late...