The Korea Herald

6 companies to recall nearly 49,000 vehicles over faulty parts

Aug 26, 2021

BMW, Mercedes-Benz and four other companies will voluntarily recall nearly 49,000 vehicles to fix faulty components, the transport ministry said Thursday. This is the latest in a series of recalls b...
HMM union puts strike on hold for more negotiations

Aug 25, 2021

Unionized sailors at South Korea’s largest shipper HMM have suspended plans for a strike and will hold a new round of wage negotiations with management next week, union representatives said Wednesday...
Posco Chemical to spend W281b on two battery materials plants in China

Aug 25, 2021

Posco Chemical will invest 281 billion won ($240.8 million) to establish two battery material plants in China, its first overseas production base for the electric vehicle battery business, the firm s...
Facebook, Netflix fined over privacy violations in S. Korea

Aug 25, 2021

A South Korean watchdog on personal information protection on Wednesday fined major foreign platform service providers nearly 6.7 billion won ($5.7 million) over privacy violations. The Personal Inf...
SK Telecom launches new subscription platform

Aug 25, 2021

SK Telecom launched a new subscription-based e-commerce platform T Universe on Wednesday, aiming to attract 36 million subscribers out of the country’s total population of 51 million by 2025. In a p...
Consortium including GS buys stake in Hugel

Aug 25, 2021

Conglomerate searches for new business opportunities
Hyundai Motor suspends Ulsan plants on parts shortage

Aug 25, 2021

Korean automaker Hyundai Motor Co. suspended assembly lines in its mainstay factory Wednesday due to a parts shortage following infections among employees of one of its suppliers, company officials s...
Hanwha Solutions clinches $260m contract for high-pressure tanks in US

Aug 25, 2021

South Korean energy company Hanwha Solutions Corp. said Wednesday its newly acquired tank subsidiary signed a $260 million deal with US energy firm Sunbridge Energy Services to provide storage tanks ...
Samsung ranks 3rd in Western European tablet market in Q2: report

Aug 25, 2021

Samsung Electronics Co. was the third-largest tablet vendor in Western Europe in the second quarter of the year, a report showed Wednesday, as the South Korean tech giant tries to catch up to industr...
Kia, labor union reach tentative wage deal

Aug 24, 2021

South Korean automaker Kia Corp. and its labor union on Tuesday reached a tentative wage deal without strikes for the first time in a decade amid the extended COVID-19 pandemic. The deal includes an...
Labor strike looms at HMM, sparking logistics concerns

Aug 24, 2021

South Korea’s largest shipper HMM may be headed for its first labor strike, stoking fears of a major disruption in maritime shipping. Following a vote by longshore workers in favor of a walkout on T...
HanmiGlobal among world’s top 10 construction project management firms: survey

Aug 24, 2021

HanmiGlobal, a South Korean construction project management service provider, has been named one of the world’s top 10 players in the field in a global survey, the company said Tuesday. It ranked 10...
Korea to launch new mining agency on Sept. 10

Aug 24, 2021

South Korea will launch a new public agency to oversee metals, minerals and mining affairs next month, amid growing concerns over the future availability of raw materials critical to the country’s ba...
Conditional approval given to KT Skylife's takeover of cable TV operator

Aug 24, 2021

South Korea's antitrust regulator said Tuesday it has granted conditional approval for a deal by KT Skylife Co. to buy cable TV operator Hyundai HCN Co. on concerns that the takeover could partially ...
Samsung, LG to showcase advanced OLED display tech at IMID 2021

Aug 24, 2021

South Korea's two largest display makers -- Samsung Display Co. and LG Display Co. -- on Tuesday said they will showcase their latest innovations at the country's leading exhibition for display panel...