The Korea Herald

Kia, union sign 1st wage deal without strike in 10 years

Aug 30, 2021

Kia Corp. and its labor union on Monday signed a wage agreement for 2021 without an industrial action occurring for the first time in a decade. On Friday, 68 percent of 26,945 Kia workers voted in f...
Major burdens for companies: COVID-19, raw material prices, interest rates

Aug 30, 2021

The resurgence of the coronavirus virus, increases in raw material prices and interest rates were the biggest concerns of companies here, a survey showed Monday. The Korea Chamber of Commerce and In...
Hyundai Oil Bank rolls out beer inspired by premium gasoline brand

Aug 30, 2021

Hyundai Oil Bank has rolled out an IPA beer in collaboration with CU, a leading convenience store franchise here, to offer an exciting experience to the MZ generation, the Korean oil company said Mon...
Samsung researchers get two more seats in global consortium

Aug 30, 2021

Two researchers from Samsung Electronics will serve as vice presidents of working groups within a global mobile telecommunication standards organization, the company announced Monday. With the lates...
Number of new companies drops 9.8% in H1

Aug 30, 2021

The number of newly established companies in South Korea declined nearly 10 percent in the first half of the year due to a one-off factor, government data showed Monday. A total of 730,260 new busin...
Wine imports hit new high in 2020 amid pandemic

Aug 30, 2021

South Korea's wine imports hit a fresh high in 2020 as more people enjoyed drinking at home and alone due to the coronavirus pandemic, data showed Monday. Asia's fourth-largest economy imported $330...
S. Korea to set aside W6.3tr in 2022 budget for new industries

Aug 30, 2021

South Korea will increase its spending on chips, bio-health and next-generation vehicles by 43 percent next year as the country seeks to nurture new industries, the country's finance minister said Mo...
[News Focus] W3.9tr wiped off NCSoft market cap in two days. What went wrong?

Aug 29, 2021

Disappointment over new game turns into doubts over firm’s overall competitiveness
Posco, four others join forces for liquid CO2 tanker

Aug 29, 2021

South Korean steelmaker Posco has forged a five-way partnership encompassing shipbuilders and ship registries to develop a liquid carbon dioxide carrier tanker, as part of its bid to gain an upper ha...
SsangYong to open bid for new buyer

Aug 29, 2021

Cash-strapped carmaker SsangYong Motor Co. plans to receive acquisition proposals through mid-September, as a two-way race between two local investors is expected, industry sources said Sunday. The ...
SK chief faces punishment over 2017 LG Siltron acquisition

Aug 27, 2021

South Korea’s antitrust watchdog will embark on a process of punitive action against SK Group and its chairman Chey Tae-won over an accusation that he plundered corporate profits during the group’s 2...
Posco to develop LCO2 carrier with Hyundai Mipo Dockyard

Aug 27, 2021

Posco is partnering with Hyundai Mipo Dockyard to develop liquefied carbon dioxide carrier to gain an upper hand in the carbon capture, utilization and storage market, the steelmaker said Friday. Po...
SK chief encourages workers to share opinions regularly for ‘deep change’

Aug 27, 2021

SK Group Chairman Chey Tae-won encouraged company workers to share opinions regularly and pursue changes, at an in-house forum, SK said Friday. “This year’s Icheon Forum has provided as a place to e...
GM Korea, union sign 2021 wage agreement

Aug 27, 2021

GM Korea Co. and its labor union have signed a wage agreement for the year amid the extended COVID-19 pandemic and sluggish sales, the company said Friday. In their second vote held early this week,...
Samsung loses top spot in Indian earwear market in Q2: report

Aug 27, 2021

Samsung Electronics Co. lost its top spot in India's ear-worn device market in the second quarter of the year, a report showed Friday, as its rival brands expanded their presence. The South Korean t...