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From Seoul to 103 countries: Lee Moon-won pioneers hair-loss treatment with Korean medicine
When Lee Moon-won opened his clinic in Seoul in 2005, he made an unusual decision for a Korean medicine practitioner: He would treat hair loss. "At the time, there were hardly any medical institutions specializing in hair loss, not only in Korea but globally," said Lee in an interview with The Korea Herald at his office in Seoul on Aug. 27. "The purpose was to treat only hair loss and use purely natural ingredients for treating it." Twenty-one years later, that narrow focus has taken his clinic
Sept. 6, 2026 -
Going local, cutting carbon: Inside Hyundai's US steel expansion
DONALDSONVILLE, Louisiana -- Hyundai Motor Group, which has spent two decades building cars in the US, is moving further upstream to make the steel that goes into them. Hyundai-Posco Louisiana Steel, the $5.8 billion electric-arc furnace steel mill planned in Louisiana, marks a new phase in the auto giant's US expansion. Set to begin commercial production in 2029, the project will supply Hyundai and Kia's manufacturing operations in Alabama and Georgia, helping the group build a more integrated
Sept. 6, 2026 -
Hana Financial backs nationwide discounted-egg initiative for small retailers
Hana Financial Group is joining forces with small-business organizations to supply discounted eggs through neighborhood supermarkets, seeking to ease household food costs and support small retailers. The group signed the agreement with Small Enterprise and Market Service (SEMAS) and the Korea Federation of Micro Enterprise in Seoul on Friday. Hana CEO Ham Young-joo, SEMAS President In Tae-yeon and KFME Vice Chairman Kwon Hyuk-hwan were in attendance. “This project is meaningful because it allows
Sept. 6, 2026 -
SK Innovation to co-host Ulsan Forum on AI in manufacturing
SK Innovation will co-host the 2026 Ulsan Forum on Friday with the Ulsan Chamber of Commerce and Industry, focusing on driving artificial intelligence-based transformation in manufacturing and local innovation. According to the company Sunday, under the “Leading AX, Smart Life Ulsan” theme, the fifth Ulsan Forum will take place at the Ulsan Exhibition & Convention Center. Proposed in 2022 by SK Group Chairman Chey Tae-won for SK Innovation’s 60th anniversary, the forum has become the region’s fl
Sept. 6, 2026 -
LG Electronics targets actuators, B2B appliances as next growth engines
LG Electronics is positioning robotic actuators — the joints that drive robots — as a next-generation growth engine, with the company nearing what could be its first major order from a global technology giant. Baek Seung-tae, head of LG Electronics' home appliance business, said the company has developed actuators that are more efficient, lighter and cost-competitive than rival products, and it is preparing for mass production, Saturday. "We are pursuing orders from several big technology compan
Sept. 6, 2026 -
Japan Airlines takes stake in Korean Air's parent as alliance deepens
Japan Airlines has bought shares in Hanjin KAL, the holding company that controls Korean Air, as the two carriers announced a renewed, wide-ranging partnership, industry sources said Friday. JAL revealed the stake purchase Wednesday alongside the partnership announcement without disclosing the size of the holding or the price paid. "It is an independent investment decision based on Hanjin KAL's long-term market value," JAL said. No regulatory filing has surfaced disclosing a stake of 5 percent o
Sept. 6, 2026 -
Household loans fall as banks maintain tight lending rules: data
Household loans by major banks fell for the first time in six months in September, as banks continue to strictly manage rapid borrowing, financial data showed Sunday. Outstanding household loans at five major lenders -- KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NH NongHyup Bank -- stood at 781.39 trillion won ($580.49 billion) as of Thursday, down 727.6 billion won from the end of August, according to the data compiled by the banks. It marks the first time since March the monthly
Sept. 6, 2026 -
From White House pledge to Louisiana, Hyundai's $5.8b bet takes shape
DONALDSONVILLE, Louisiana — Hyundai Motor Group Executive Chair Chung Euisun stood beside US President Donald Trump at the White House 17 months ago to unveil one of the Korean auto giant’s biggest bets on American manufacturing. At the heart of the $21 billion US investment package unveiled in March 2025 — later increased to $26 billion — was a $5.8 billion steel mill in Louisiana, the group's first steel production base in the US and a move to make one of the most essential materials for vehic
Sept. 6, 2026 -
Corporate dollar deposits peak in Sept. as won strengthens: data
Corporate dollar deposits at major South Korean banks have risen to a record high this month, as the won-dollar exchange rate fell to its lowest level in almost two years, industry data showed Sunday. The outstanding dollar deposits at five major local banks stood at $76.98 billion as of Thursday, the highest level since banks began compiling such data in May 2021. The five banks are KB Kookmin, Shinhan, Hana, Woori and NH NongHyup. The Korean won was quoted at 1,345 won per dollar as of 10:30 p
Sept. 6, 2026 -
Kirin pours Hyoketsu into Korea’s RTD boom
For 10 days in June, around 4,000 people gathered in a corner of Yeouido Hangang Park for a pop-up staged at the Kirin Ichiban Premium Beer Bar, a riverside bar run by the Japanese brewer. The draw wasn't the bar's namesake beer, but Hyoketsu, a canned Japanese chuhai, or shochu highball, made of fruit juice and vodka. Chilled below freezing while still liquid, it turned to slush on contact when poured, true to the pop-up's "Ice Magic" concept. The drink itself is a testament to Kirin's belief i
Sept. 5, 2026 -
Hyundai chief eyes wider uses for Louisiana steel, from Atlas to SpaceX
DONALDSONVILLE, Louisiana — Hyundai Motor Group Executive Chair Chung Euisun said steel produced at Hyundai Steel's planned Louisiana mill could eventually be used for far more than cars, potentially finding its way into Atlas humanoid robots and even Space X rockets. “I think it should certainly be used,” Chung told reporters Friday after the ceremonial groundbreaking event for Hyundai-Posco Louisiana Steel, when asked whether the steel could be used for Atlas, the humanoid robot developed by H
Sept. 5, 2026 -
Industry minister urges US to ease tariffs on hard-to-source steel mill equipment
South Korea's industry minister urged the United States on Saturday to ease tariffs on equipment that Korean companies will need to import for a US$5.8 billion steel mill in Louisiana they are investing in. Industry Minister Kim Jung-kwan made the request at a meeting with Louisiana Gov. Jeff Landry before attending a groundbreaking ceremony for Hyundai-POSCO Louisiana Steel LLC (HPLS), an electric arc furnace-based integrated steel mill scheduled to begin construction in the fourth quarter, the
Sept. 5, 2026 -
Hyundai Steel kicks off $5.8b Louisiana steel mill
DONALDSONVILLE, Louisiana -- Hyundai Steel broke ground Friday on a $5.8 billion steel mill in Louisiana, marking a major step in the South Korean steelmaker’s effort to establish a manufacturing base in the US and grow its supply of automotive steel to global carmakers. Hyundai-Posco Louisiana Steel, an electric-arc furnace joint venture backed by steelmakers Hyundai Steel and Posco as well as Hyundai Motor and Kia, will have an annual production capacity of 2.7 million metric tons of steel she
Sept. 5, 2026 -
Seoul stocks rise for 2nd session on export strength, easing Fed rate concerns
South Korean stocks rose for a second consecutive session Friday to finish nearly 2 percent higher, as the country's strong export figures and easing concerns over US interest rate hikes fueled risk appetite. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index closed up 107.73 points, or 1.64 percent, to 6,687.21, following a 0.26 percent gain the previous day. Trade volume was light at 235.5 million shares worth 17.46 trillion won ($12.9 billion). Winners
Sept. 4, 2026 -
LG to showcase AI technologies at Spark 2026
LG will showcase its latest artificial intelligence technologies and business applications at LG Spark 2026, running Monday through Sept. 17 at LG Sciencepark in Magok, western Seoul. Launched in 2023, LG Spark combines technology events hosted across the group. This year’s program has been reorganized around five AI-focused events: the LG Tech Fair, LG AX Fair, AI Talk Concert, AI DevCon and Culture Week. LG affiliates, global technology companies, developers and AI specialists will participate
Sept. 4, 2026