Articles by Kim Hae-yeon
Kim Hae-yeon
hykim@heraldcorp.com-
Air Premia, Air Incheon strong contenders for Asiana’s cargo arm
Close competition is predicted among the four domestic low-cost carriers vying for the acquisition of Asiana Airlines' cargo division, with Air Premia and Air Incheon emerging as the prime contenders, according to industry sources on Thursday. Financial services firm UBS, which is overseeing the sale of Asiana Airlines' cargo division, recently selected four LCCs -- Jeju Air, Eastar Jet, Air Premia and Air Incheon -- as shortlisted candidates for the acquisition. The decision follows t
Industry March 7, 2024
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Ramyeon exports soar to record high in January
Shortly after achieving record-breaking ramyeon export sales last year, Korean instant noodle exports surged significantly by 39.4 percent again in January compared to the same month last year, reaching a total of $86 million. According to the Korea Customs Service on Thursday, January's performance marks the fifth-largest figure ever, with the highest monthly total to date reaching $91 million, achieved last November. In 2023, ramyeon exports reached a total of $952 million, increasing a d
Industry Feb. 29, 2024
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Coupang reports first profitable year
New York-listed e-commerce giant Coupang on Wednesday reported its first-ever annual operating profit of $473 million last year, marking a milestone since its inception in 2010. It also reported $24.4 billion in sales, a notable 20 percent jump from 2022. In the fourth quarter alone, its quarterly sales soared 20 percent to a record $6.6 billion, while its operating profit saw 51 percent on-year growth to $130 million. "Since the beginning of this company, we have made foundational bets on
Industry Feb. 28, 2024
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Posco International to expand motor core plants in Mexico, Poland
Posco International's new president, Lee Kye-in, has initiated the global expansion of the traction motor core business by establishing operations in Poland and Mexico as his inaugural strategic move. At a board meeting on Friday, the trading arm of the Posco Group authorized the establishment of a new facility in Poland and its second plant in Mexico, a big step toward its output goal of 7 million traction motor cores a year by 2030. Motor cores are a central component in electric motors a
Industry Feb. 26, 2024
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[팟캐스트] (561) 대통령에게 항의하다 끌려나간 대학교 졸업생
진행자: 김혜연, Ali Bodyguards drag student out for protesting Yoon's commencement 기사 요약: 대학 학위수여식에서 윤석열 대통령에게 연구개발 예산 삭감에 대한 문제를 외치다 대통령실 경호원에 의해 사지가 들린 채 강제 퇴장 당한 사건 [1] A student was physically removed on Friday as he protested a research budget cut as President Yoon Suk Yeol delivered a speech at the Korea Advanced Institute of Science and Technology's commencement ceremony in Daejeon. * budget cut 예산 삭감 * commencement 학위 수여식, 졸업식 [2] A clip of the student being carried out with his
Podcast Feb. 26, 2024
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Sprinkles Cupcakes coming to Seoul
Sprinkles Cupcakes, the famed cupcake specialist from California, is poised for a debut in the Korean market this year – its first venture beyond US borders, according to the company on Friday. Sprinkles said it will introduce its trendy cupcakes, cookies and chocolate treats globally this year, with imminent expansions planned for Singapore and Malaysia as well. For the upcoming Seoul store, the firm is expected to team up with Korean bakery giant SPC Samlip. For other international openi
Industry Feb. 23, 2024
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KT&G names company veteran as new CEO
KT&G Senior Executive Vice President Bang Kyung-man has been selected as the candidate for CEO of Korea's largest cigarette manufacturer, the company said Thursday. Bang's official appointment is scheduled to be made at the end of March during the regular shareholders' meeting. If Bang is appointed, it will mark the first change in KT&G's presidency in nine years. Earlier on Feb. 16, the company's CEO Recommendation Committee unveiled the shortlist of four candid
Industry Feb. 23, 2024
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[팟캐스트] (560) '환자의 존엄한 죽음을 도와줍니다,' 한국의 반응은?
진행자: 김혜연, Ali Where does Korea stand on assisted death? 기사 요약: 스위스 조력사망 단체들에 가입한 한국인 수는 약 300명, 헌법이 명시한 인간의 존엄과 가치에 대한 국가의 의식 수준은? Myelitis patient, seeking a dignified exit from pain, challenges local laws criminalizing assisted suicide [1] While South Korea criminalizes any form of assisted dying, at least 204 South Koreans, as of April 2023, have obtained membership for assisted dying facilities in Switzerland; Dignitas had 136 Korean members, Exit International had 55 and Lifecircle had
Podcast Feb. 22, 2024
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Posco’s new leadership taking shape
As former Posco President Chang In-hwa is poised to take on the Korean steel giant's chairmanship, how his leadership might impact on the group's innovation drive for eco-friendly, future material business remains in question. Posco Holdings convened its regular board meeting on Wednesday to announce the executives of major affiliates and to resolve the nomination of Posco Group's chair candidate. Chang will officially assume the chair position of the nation's fifth-largest b
Industry Feb. 22, 2024
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SK Ecoplant, SK hynix forge renewable energy alliance
Korean energy and environmental solutions provider SK Ecoplant formed a power purchase agreement with its sister firm SK hynix to facilitate the provision of renewable energy, thereby aiming to become the leading RE100 solutions provider, the firm announced Wednesday. The signing ceremony was attended by representatives from both companies, including Bae Seong-jun, vice president and head of SK Ecoplant's energy business center and Lee Byung-rae, vice president of SK hynix. "Utilizing
Industry Feb. 21, 2024
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Korean Air to finalize Asiana cargo biz sale by October
Flag carrier Korean Air, having recently secured conditional approval from the European Union's antitrust regulator for its merger with Asiana Airlines, is mandated to initiate the sale of Asiana Airlines' cargo division as part of the conditions for approval. According to sources in the investment banking and aviation sectors, Switzerland-based financial services firm UBS, tasked with selling Asiana Airlines' cargo division, has recently disseminated prospectuses and nondisclosur
Industry Feb. 20, 2024
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CJ appoints two new CEOs for group's core companies
CJ Group has named two new CEOs to lead its key units -- CJ CheilJedang and CJ Logistics -- as part of its annual personnel reshuffle announced on Thursday. Kang Sin-ho, currently the CEO of CJ Logistics, has been promoted to vice chairperson of CJ CheilJedang and will assume the role of CEO at the food company. Shin Young-soo, who presently oversees CJ Logistics' Korea business division, will replace Kang to take the helm as CJ Logistics CEO. This marks the first time since 2017 that CJ Gr
Industry Feb. 16, 2024
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BBQ's delivery-only outlet opens in Vietnam
Korea's fried chicken franchise BBQ Chicken has opened a BBQ Smart Kitchen store specializing in delivery orders and takeout services in Vietnam, marking its Southeast Asian debut to tap into the rapidly growing delivery market. Genesis BBQ announced Friday the recent opening of its BBQ Gardenia branch, situated within the upscale Vinhome Gardenia apartment complex in Hanoi. "Given the unique growth trajectory of the Vietnamese delivery market among Southeast Asian nations, we are intr
Industry Feb. 16, 2024
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Coupang's alleged 'blacklist' sparks legal clash
Coupang Fulfillment Service, a subsidiary of e-commerce giant Coupang, announced on Thursday that it is has taken legal action against a lawyer who has claimed that the company blacklisted over 16,000 former and current employees, as well as individuals associated with Coupang, purportedly to prevent their reemployment or subject them to close monitoring in other situations. CFS filed a complaint with police in Songpa-gu, Seoul, against Kwon Young-guk, a lawyer and former head of legal advisory
Industry Feb. 15, 2024
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Korean Air steps closer to merger with EU approval
The European Union's antitrust regulator on Tuesday granted conditional approval for the merger of Korean Air with its smaller domestic rival Asiana Airlines, leaving only the last approval from the US pending among the 14 relevant authorities. The announcement comes after the nation’s largest air carrier submitted a revised merger plan to the European Commission in November last year, which entails selling off Asiana Airlines' cargo business and turning over certain airport slots for fou
Industry Feb. 14, 2024
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