Business leaders joined relatives to mourn the death of Cho Suck-rai, the honorary chairman of Hyosung Group, a textile giant, on Sunday. Cho died of a chronic illness Friday at the age of 89. Cho led the textile giant from 1982 until 2017, when he stepped down from the top management position due to health issues. His eldest son, Cho Hyun-joon took the baton to lead the conglomerate. On Saturday, Samsung Electronics Chairman Lee Jae-yong and his mother Hong Ra-hee paid respect for Cho at the fu

Chile's Ministry of Public Works and the investment promotion agency, InvestChile, recently visited Seoul to boost the country's infrastructure and technology sectors, inviting investors in Korea to participate in its extensive portfolio of projects. During an interview with The Korea Herald at the Embassy of Chile in central Seoul on Thursday, InvestChile Director Karla Flores and Concession General Director Juan Manuel Sanchez shed light on their strategies to attract new investment

The agenda for appointing President tabled for the meeting, which will be held on March 28, at the KT&G Human Resources Development Center in Daejeon, South Korea  SEOUL, South Korea, Feb. 28, 2024 /PRNewswire/ -- KT&G Corporation ("KT&G" or the "Company") (KRX:033780) held a board meeting today to resolve the convening of the Annual General Meeting of Shareholders ("AGM") and announced that the meeting is scheduled for March 28, 2024 a

Out of the many policies the city of Yongin announced last year, the news about the city’s semiconductor cluster being selected as a specialized complex by the government was selected as Yongin’s top news report of 2023 among citizens, city government officials and reporters based in the city. In a survey conducted by Yongin Special City, 12,140 survey respondents chose the top five best news reports about the city’s policies out of 26 reports that were selected previously by t

The engineering and construction division of Samsung C&T Corporation is taking part in the “2023 Smart City Expo World Congress” held in Barcelona to showcase its innovative smart city model ideas, the company said Tuesday. Kicking off Tuesday, SCEWC is the world’s biggest expo on urban innovation, serving as a meeting point between industry and government leaders. This year, the E&C division of Samsung C&T is presenting a smart city model jointly developed with its

MMA Impact returns triumphantly with a hot topic: "AI-Powered Business Innovation: Navigating Impact." This return is causing consternation in the marketing industry since this year's major event on contemporary marketing is expected to bring forward essential subjects in the profession. HO CHI MINH CITY, Vietnam, Oct. 16, 2023 /PRNewswire/ -- MMA Impact, an annual worldwide event held by MMA Global, is regarded as a "monumental event" keenly anticipated by the marketing in

ABU DHABI, United Arab Emirates -- President Yoon Suk Yeol visited the Barakah nuclear power plant in the United Arab Emirates, accompanied by Emirati leader Sheikh Mohammed bin Zayed Al Nahyan on Monday, reconfirming close energy ties with the UAE on the third day of his state visit. The Barakah nuclear power plant was the first nuclear power plant in the country and the first overseas nuclear power plant designed and built by Korea. The nuclear power plant is being jointly constructed by Hyu

Piggybacking on the global popularity of Korean culture led by K-pop and K-dramas, Korea Airports Corporation said Thursday it is going all out to attract more international travelers next year. “Welcoming 2023 and 2024 as the Visit Korea Year, we plan to bring in as much as 8.5 million inbound travelers, 40 percent of the pre-pandemic level, by combining K-culture and tourism,” Korea Airports Corporation CEO Yoon Hyeong-jung said during a press conference at the company headquarte

The engineering and construction division of Samsung C&T Corporation is aggressively entering the eco-friendly energy businesses such as small modular reactors, or SMRs, green hydrogen and ammonia. The Engineering & Construction Division of Samsung C&T recently invested $70 million in NuScale Power, an American SMR company, laying a stepping stone for its SMR business overseas. SMRs are safer compared to conventional nuclear reactors, emits nearly zero carbon, and guarantees a stab

AUSTIN, Texas, Dec. 8, 2021 /PRNewswire/ -- AB Power Advisors, LLC (AB), in Austin, Texas, announced today its advisory role in the recent signing of a Power Purchase Agreement by Energy Transfer from a utility scale Solar project in northeast Texas. Energy Transfer is a publicly traded Fortune 100 energy company based in Dallas. Solar Farm AB provided Samsung Renewable Energy, Inc. (https://www.samsungrenewableenergy.ca/), a subsidiary of Samsung C&T Corporation's Investme

Among South Korea’s rich stockholders aged under 50, LG Group Chairman Koo Gwang-mo ranks No.1 with an estimated stock value of 2.8 trillion won ($2.55 billion), industry data showed Thursday. Also, in the superrich group of those with stock assets worth more than 1 trillion won, two were chaebol heirs while the other two were self-made men in the up-and-coming entertainment and game industries -- reflecting the market changes over recent years. The number of those under 50 and with s

When the novel coronavirus made its appearance across the world earlier this year, optimistic market observers anticipated that “revenge spending” would eventually rebound to counter the damaging effect of the initial outbreak. South Korea, which had successfully retained its domestic virus spread in the first half of the year, had hopes for a while of seeing its domestic market get back on track within the year. But with a third wave of infections here and the stronger social dist

Samsung C&T proposed Wednesday a construction plan in which all its affiliates participate to create a “landmark” apartment complex in Banpo, Seoul, as part of an all-out effort as it seeks to win the contract in the area designated for redevelopment. Reconstruction bids are currently being accepted for the new Banpo 15-apartment unit in Gangnam, and Samsung C&T, Daelim Industrial and Hoban Construction are competing. The result is due to be announced Thursday. Sansumg C

University students in South Korea still view tech giant Samsung Electronics as the most desirable future employer, a local survey showed Thursday. According to the survey of 473 male students and 586 female students conducted by online job portal JobKorea, 10.6 percent chose Samsung Electronics as the company where they would most like to work. The next most popular answer was Korean Air (7.6 percent), followed by food manufacturer CJ CheilJedang (6.7 percent) and the Korea Electric P

A Seoul court on Monday handed jail terms of up to two years to Samsung Electronics Co. executives for destroying evidence in relation to an alleged accounting fraud at Samsung BioLogics Co.A Samsung Electronics vice president overseeing the company's funds was sentenced to two years in prison, while two presidents in a Samsung Electronics taskforce were each sentenced to one year and six months in prison, according to the ruling handed down by the Seoul Central District Court. Prosecutors had e