Most Popular
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Qoo10 liquidity crisis sparks massive complaints, fears of wider damage
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Yoon urges municipalities to embrace foreigners
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What is happening at Hybe?
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S. Korea to consent to Japan's Sado mines gaining World Heritage status: official
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Korea unveils tax reform bill to spur economy
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Actor’s excessive airport security sparks probe into human rights violations
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Man who let his father die due to financial difficulties to be released on parole
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Actor Yoo Ah-in accused of sexual attack
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S. Korea, China shifting from tensions to cooperation: Seoul
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LG Electronics achieves record earnings in Q2
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[Photo News] Restoring Mongolian forest
Korean Air employees and villagers plant a tree in Baganuur, a district in Ulaanbaatar, Mongolia, on Tuesday as part of the Korean air carrier’s forest restoration campaign. The campaign started in 2004 to restore the Mongolian district from coal dust blowing from the country’s largest open-pit coal mine. So far, some 125,300 trees, including poplar trees, sea buckthorns and Siberian elms, have been planted. (Lee Sang-sup/The Korea Herald)
May 28, 2024
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Hanwha to showcase defense prowess at Canada trade show
Hanwha Group's two defense units -- Hanwha Ocean and Hanwha Aerospace -- said Tuesday that they would be showcasing their latest marine and ground weapon systems at this week's CANSEC, Canada's largest defense and security trade show. Held annually in Ottawa, CANSEC features over 280 companies and representatives from 50 countries. This year's event runs from Wednesday to Thursday, and will be the first in which Hanwha Group has taken part. Hanwha Ocean will present the KSS-I
May 28, 2024
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[Photo News] Power of optimism
LG Electronics’ new “Optimism your feed” campaign video is played on a signage screen at Times Square in New York. The tech giant said Tuesday it has teamed up with online influencers to spread the power of optimism among young social network service users. The campaign is part of LG’s new brand identity “Life’s Good.” (LG Electronics)
May 28, 2024
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[Photo News] Knit for kids
Asiana Airlines crew members pose for a photo with knitted accessories that will be sent to children in developing countries on Tuesday. After years of pandemic disruptions, the nation's second-largest air carrier has recently resumed its inflight knitting campaign, in which passengers can make knitted mufflers and hats to be donated to children in need. (Asiana Airlines)
May 28, 2024
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S. Korean biz leaders to meet with UAE president
South Korean business leaders, including Samsung Electronics Co. Chairman Lee Jae-yong, will meet with the President of the United Arab Emirates in Seoul to explore cooperation in various economic and technological sectors, industry sources said Monday. According to the sources, Lee, along with Euisun Chung of Hyundai Motor Group and Chey Tae-won of SK Group, will have tea with UAE President Mohammed bin Zayed Al Nahyan somewhere in Seoul on Tuesday. Other business leaders, including Hanwha Grou
May 27, 2024
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Doosan Enerbility shares jump on W2tr NuScale deal
Korean nuclear power plant builder Doosan Enerbility saw its shares soar more than 16 percent Monday following a news report that it is likely to secure over 2 trillion won ($1.46 billion) worth of orders for NuScale Power’s 50 trillion won small modular reactor project in the US. Its stock surged by 16.65 percent, closing at 21,300 won and reaching a 52-week high of 21,750 won during trading hours. Doosan Group’s stock also peaked at 218,500 won. The report suggests that NuScale Pow
May 27, 2024
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Business leaders eye trilateral consultative body to boost trade
Business leaders from Korea, Japan and China have announced plans to form a three-way economic consultative body among private sectors to effectively address pressing economic concerns and foster future cooperation among the three countries. Over 280 business leaders from the three countries attended the business summit Monday, shortly after the trilateral summit, including SK Group Chairman Chey Tae-won, also serving as KCCI chairman, Tokura Masakazu, chairman of the Japan Business Federation a
May 27, 2024
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LG debuts tumbler washer at Starbucks
LG Electronics said Monday it has launched its new “myCup” tumbler washer, with the first batches being installed at Starbucks stores here. In partnership with the Ministry of Environment and Starbucks Korea, LG developed the device to increase the use of reusable cups at the nation’s most popular specialty coffee chain. The “myCup” tumbler washer is based on LG’s Dios dishwasher technology. Customers are required to place their tumbler upside down in the wash
May 27, 2024
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Samsung Biologics to attend 2024 BIO International Convention next week
Samsung Biologics, one of the world’s largest contract and manufacturing organizations, said Monday that it will be participating in the upcoming 2024 BIO International Convention, the biopharmaceutical industry’s largest gathering of the year that kicks off in San Diego next week. This year, the event titled “Time for Science to Shine,” will be held on June 3-6 in the US, with some 1,500 companies joining from around the world. Taking part in the event for the 12th conse
May 27, 2024
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Korea’s EV investment in Georgia prompts more flights to Atlanta
South Korean companies’ growing investment in Georgia has led to increases in the number of flights and passengers traveling to Atlanta, the capital and most populous city in the state, according to industry sources Monday. “Delta Air Lines saw a significant increase in the number of business trips from Incheon to Atlanta and decided to deploy extra flights between the two cities,” said an official from Delta Air Lines' Korean office. Starting May 7, Delta Air Lines expand
May 27, 2024
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[Photo News] Tumbler washer at Starbucks
LG Electronics said Monday that its “myCup” tumbler washers have been installed at all Starbucks outlets nationwide as part of a partnership with the Ministry of Environment and Starbucks Korea. Based on LG’s Dios dishwasher technology, the tumbler washer offers two modes: a quick 30-second wash and a thorough wash course -- both using 65-degrees-Celsius hot water. (LG Electronics)
May 27, 2024
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Korea ushers in new space era with KASA launch
South Korea officially opened its first independent space-dedicated body, the Korea AeroSpace Administration, on Monday. “The role of KASA can be divided into four main sectors: establishing national aerospace policies, fostering talents while conducting R&D, promoting industry and international cooperation,” said Yoon Young-bin, chief of KASA and former aerospace engineering professor at Seoul National University, as he addressed his fellow officials in Sacheon, South Gyeongsang
May 27, 2024
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Innocean invites global execs to Seoul for cultural exchange, synergy
Innocean, the global marketing and communications arm of Hyundai Motor Group, said Monday that it invited a group of foreign executives working at its global operations to attend the Discovery 2024 leadership program held in Seoul last week. A total of 26 executives from 18 countries, including the US, Canada, Germany, the UK, Australia, India and Thailand, participated in the five-day program that allows them to experience Korean corporate culture and share keen insights. After five years of pa
May 27, 2024
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[Photo News] Samsung chief meets Chinese premier
Samsung Electronics Chairman Lee Jae-yong met Chinese Premier Li Qiang in Shilla Seoul on Sunday. During their meeting, Lee expressed gratitude for the Chinese government's support for Samsung affiliates during the COVID-19 crisis, including exempting them from the lockdown measures. Saying the cooperation between Samsung and China represented the Korea-China relationship in microcosm, Li encouraged the tech giant to further investment in his country. Li, traveling to Seoul to attend the Ko
May 26, 2024
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[Africa Forum] Korea ready to support Africa’s FDI push
African ambassadors and Korean trade experts explored the economic potential of bilateral ties between Korea and Africa during the Africa Day Business Forum, co-hosted by The Korea Herald and the African Group of Ambassadors in Seoul on Thursday. In a panel discussion mediated by Tunisian Ambassador to Korea Kais Darragi, they discussed ways to attract more investment into African countries. Hong Soon-young, vice president of the Export-Import Bank of Korea, urged African nations to go all-out t
May 26, 2024
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Banks to resume compensation talks for ELS losses
Major local banks are expediting compensation procedures for losses tied to Hong Kong-linked derivative products, with some poised to distribute payments this week. KB Kookmin Bank, the largest seller of equity-linked securities tracking the troubled Hang Seng China Enterprises Index, will officially begin negotiations for voluntary compensation with clients starting Monday, an official from the bank said Sunday. The bank plans to address accounts based on their order of maturation, starting wit
May 26, 2024
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Hyundai Steel sharpens edge to ride out tough market
As the construction industry grapples with years of high interest rates, rising raw material costs and increased risks associated with real estate project financing, Korea's second-largest steelmaker, Hyundai Steel, has been diversifying their businesses to enhance profitability and discover new demand. As part of this initiative, the steelmaker has signed a joint research and development agreement for steel structure refractory methods in partnership with Hyundai Engineering, KCC and the K
May 26, 2024
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Ottogi heir joins family business in US
South Korean food company Ottogi family's third-generation member Ham Yon-ji, 32, has recently joined Ottogi, after appearing in public for years as a musical actor and a YouTuber, according to industry sources Friday. As the daughter of Ottogi Chairman Ham Young-joon, Ham officially joined Ottogi America, a US subsidiary of Ottogi, this month and is reportedly working in the marketing division following an internship at the company. Ham graduated from New York University's Tisch Scho
May 24, 2024
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HD Hyundai and Shell to collaborate on next-gen liquefied hydrogen carriers
HD Hyundai announced Friday a partnership with Shell to advance liquefied hydrogen (LH2) transportation technologies. HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Heavy Industries, both integral parts of HD Hyundai's shipbuilding division, have signed a joint development agreement with Shell International Trading and Shipping Company Ltd. The agreement was signed at the HD Hyundai Global Research and Development Center in Gyeonggi Province. Executives in attendance incl
May 24, 2024
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Posco’s steel technology brings aesthetics to cultural heritage restoration
Posco has harnessed its cutting-edge steel technology in the delicate task of South Korean cultural heritage restoration, transforming conventional sites in Seoul into vibrant spaces of public art and relaxation. At the heart of this project is PosART, or Posco Advanced Resolution printing Technology. It is an innovative steel sheet developed from PosMAC, or Posco Magnesium Alloy Coating Product, Posco’s proprietary corrosion-resistant steel. PosART also boasts the ability to render vivi
May 24, 2024