Less than a 5-minute walk away from Apple Store, Samsung venue attracts visitors with eye-catching products, immersive experience

Carmaker aims to repeat success of Chevrolet Colorado with Sierra Denali, its first full-size pickup here

K-pop girl band NewJeans members pose for a photo during a fan event celebrating the launch of the NewJeans limited edition of the Gram Style, the latest addition to LG Electronics’ premium laptop lineup Gram.

South Korean aircraft engine producer Hanwha Aerospace announced Tuesday that it has recently signed a memorandum of understanding with ROMARM, Romania’s state-run defense company, to join the European country's military modernization and performance enhancement projects. Hanwha said it aims to further expand its presence in Europe where it is securing a footing by exporting K9 self-propelled ho...

Robots replace certain human jobs, but create more for sophisticated management

Kakao Pay Corp., the online payment unit of South Korean tech giant Kakao Corp., said Tuesday it swung to the black last year thanks to increased financial income. Kakao Pay logged a net profit of 27.5 billion won ($22 million) on a consolidated basis in 2022, turning from a loss of 33.9 billion won a year earlier, according to its regulatory filing. Revenue rose 13.7 percent on-year to 521.7 b...

German automaker offers first, yet familiar impression with all-electric SUV

Carmaker’s flagship sedan offers more than enough space in back

Lee Bok-hyun, chief of the Financial Supervisory Service, pledged to help local finance companies beef up their presence in the overseas market on Monday. The country's financial watchdog will first hold talks with counterparts in Southeast Asia, which are considered the major market for domestic financial firms. “I understand that there are demands from local banks and securities firms, asking...

Kim Jun, CEO of South Korea’s largest energy company SK Innovation, reaffirmed the company’s commitment to go net zero with more detailed action plans to be implemented across the firm. In a recent interview with the firm’s official news channel SKinno News, Kim revealed that this will be the first year to begin implementation of its greenhouse gas emission reduction plan called “All Time Net Ze...

Korean pharmaceutical firm Chong Kun Dang said Monday that it signed a licensing deal with Dutch company Synaffix to gain access to the latter's technologies needed to develop new antibody drug conjugates. The size of the deal, which was inked Friday, is estimated at around $132 million, plus tiered royalties on commercial sales in the future. “The company will speed up development of next-gene...

French President Emmanuel Macron's recent proposal to raise the retirement age from 62 to 64 is believed to be the optimal solution to tackle the country's soon-to-run-out public pension reserves, French economist Philippe Aghion said during an interview with The Korea Herald on Jan. 24. "The best way to deal with the pension deficit is to increase how much time you spend in life working, and th...

SAN FRANCISCO -- Samsung Electronics is hoping to expand its presence in the global laptop market where it remains a tiny player, as people are replacing their laptops more frequently after pandemic disruptions. “The replacement cycle of laptops is getting shorter from the previous life span of five years on average since the electric devices are turning into true ‘personal computers’ during the...

The Industrial Bank of Korea will open an office in Poland in the first half of this year as part of its overseas expansion into the European market, the state-run lender said Monday. On Jan. 24, the company submitted a license approval application for the Polish office to local financial supervisory authorities. The establishment of the Polish office, which had been delayed due to the COVID-19...

German logistics giant has high hopes for Korea's e-commerce boom to stay, even post-pandemic