Most Popular
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Border tensions heighten as North Korea builds up drone incursion claims
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South Korean military has ‘nothing to confirm’ on North Korea preparing border artillery corps to shoot
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Teacher suicides averaging 20 per year: data
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Korean chipmakers should not repeat mistakes of Toshiba, Intel: ex-ministers
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'8 out of 10 foreign students willing to work in Korea'
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Nobel Prize sparks policies aimed at revitalizing publishing industry
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North Korea exploding inter-Korean roads ‘symbolic move’: JCS
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[From the Scene] S. Korea, Philippines deepen cooperation in water
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Pressured by fans, troubled singer Seunghan leaves Riize for good
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[Today’s K-pop] BTS’ Jin to drop solo album next month: report
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[Photo news] Deacon whisky debuts in Korea
Pernod Ricard Korea on Tuesday debuted its premium blended Scotch whisky, The Deacon, in collaboration with Sovereign Brands. The whisky blends peaty Islay and fruity Speyside varieties, offering a smoky yet sweet flavor. "The Deacon captures our innovative style, delivering luxury, uniqueness, complexity and balance, while being easy to enjoy," said Brett Berish, CEO and founder of Sovereign Brands, at a showcase event held in Seoul on Tuesday. (Pernod Ricard Korea)
Oct. 15, 2024
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Hanwha eyes another shipyard takeover in US
Hanwha Group, South Korea’s defense-to-energy conglomerate, is looking to expand its shipbuilding and maritime businesses in the United States as it appears to be contemplating a second American shipyard acquisition. Mike Smith, who was appointed as the CEO of Hanwha Defense USA in August, a US subsidiary of Hanwha Aerospace, said in Washington last week that Hanwha is “not done” when asked whether Hanwha’s purchase of Philly Shipyard was a one-time deal. Hanwha Group ann
Oct. 15, 2024
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Paris Baguette opens 600th overseas store in Canada
The Korean bakery brand Paris Baguette has opened its 600th overseas store, the newest one in Toronto, Canada, just a year after celebrating its 500th store, the brand's company SPC Group announced Tuesday. This new location marks Paris Baguette’s seventh store in Canada. Paris Baguette has been expanding rapidly over the past year, recently securing agreements to enter new markets in Southeast Asia, including Thailand, Brunei and Laos. By the end of this year, the brand plans to open
Oct. 15, 2024
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Hyosung chair meets Vietnamese PM in Hanoi
Hyosung Group Chairman Cho Hyun-joon met with Vietnamese Prime Minister Pham Minh Chinh in Hanoi on Monday, seeking government support for the chemical, textile and construction conglomerate’s new business ventures in Vietnam. The meeting focused on Hyosung’s ongoing investments and potential expansion into environmentally friendly and high-tech sectors, the group said Tuesday. Hyosung executives, including Vice Chairman Lee Sang-woon, and senior Vietnamese officials were also in a
Oct. 15, 2024
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Samsung Biologics unveils new platform
Samsung Biologics announced Monday that it has launched S-HiCon, a new platform specializing in high-concentration formulation development, designed to meet rising demand for high-concentration biopharmaceuticals. The company officially introduced the platform at Bio Japan 2024, a biotechnology expo held from Wednesday to Friday in Yokohama, Japan. A webinar explaining the platform was also released via the company's official website Monday. S-HiCon is designed to meet increasing market dem
Oct. 14, 2024
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JTI Korea takes consumer-centric strategy ahead of heated tobacco launch
Japan Tobacco Group subsidiary JTI Korea is sharpening its focus on a consumer-first approach as it prepares to launch its first heated tobacco product in Korea by year-end, part of the company’s broader strategy to foster sustainable growth amid shifting market conditions, JTI Korea said Monday. As a company that has been recognized as a "Top Employer in South Korea" for five consecutive years, David Wheeler, general manager of JTI Korea, in a message to employees emphasized the
Oct. 14, 2024
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Hanwha zeroes in on arms exports to North America
Hanwha Aerospace is gearing up to showcase its latest land weapons systems at the US Army’s Annual Meeting & Exposition, known as AUSA, in Washington, as the Korean defense firm looks to score exports to the North American defense sector, the company said Friday. Hanwha Aerospace plans to display its wheeled self-propelled howitzer, uncrewed transport robotic vehicle and modular charge system at the upcoming arms trade show slated to take place from Monday to Wednesday. In particular,
Oct. 11, 2024
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Lotte chief vows sustainable cacao sourcing in Ghana
Lotte Group Chairman Shin Dong-bin, alongside executives from the group's Korean and Japanese subsidiaries, visited Ghana to support the sustainable sourcing of cacao, a key ingredient in their signature chocolate product. As part of the Sustainable Cocoa Bean Project, a joint initiative by Lotte's Korean and Japanese branches, the visit included Lee Young-gu, head of Lotte's food division; Lee Chang-yeop, CEO of Lotte Wellfood; and Genichi Tamatsuka, CEO of Lotte Holdings. Lotte
Oct. 10, 2024
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[Herald Interview] NineWatt reveals the simple path to smarter urban energy use
How can cities contribute to achieving carbon neutrality? According to Kim Young-rok, CEO of NineWatt, it is simpler than you might think. “When people think about energy efficiency, they often think of expensive, high-tech solutions,” Kim said. “But before you jump into cutting-edge technologies, the key is to optimize what’s already there -- the buildings you visit every day. The real question is: how do we do that efficiently?” Founded in 2019, NineWatt is a Kore
Oct. 10, 2024
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Hanwha Group marks 72nd anniversary as 'great challenger'
Hanwha Group Chairman Kim Seung-youn has reiterated the company's approach to overcoming crises as a “Great Challenger,” expressing the need to take more proactive and leading measures rather than waiting for market conditions to turn favorable. “Driven by unwavering beliefs that do not compromise with the currents of the times and a relentless dedication to being the best, we will overcome the waves of crises and write a new history for Hanwha,” said Kim in a video
Oct. 10, 2024
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LS Group on smooth sail for double growth by 2030
LS Group, a South Korean cable and industrial electric machinery conglomerate, is looking to achieve the vision to double its total assets value to 50 trillion won ($37 billion) by 2030 as it welcomes more opportunities for its existing businesses in the era of artificial intelligence while investing in the sectors of batteries, electric vehicles and semiconductors. Since taking the helm of the conglomerate in January 2022, LS Group Chairman Koo Ja-eun has vowed to invest 20 trillion won or more
Oct. 9, 2024
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AliExpress Korea chief questioned on product safety at Assembly audit
AliExpress Korea CEO Ray Zhang expressed the company’s commitment to enhancing product safety during a parliamentary audit, where he faced criticism from South Korean lawmakers for the platform’s failure to stop the sale of hazardous products despite previous pledges to do so. The audit, led by the Trade, Industry, Energy, SMEs and Startups Committee on Monday, was convened to address growing concerns about unsafe products circulating on Chinese e-commerce platforms. These platforms,
Oct. 8, 2024
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US ambassador discusses battery supply chain at Posco Future M plant
Posco Future M CEO Yoo Byung-ok and US Ambassador to South Korea Philip Goldberg have discussed the importance of stabilizing supply chains as the Korean battery material and chemical producer struggles to cope with declining anode prices due to competition from China. According to Posco Future M on Tuesday, the US Ambassador visited the Korean company’s artificial graphite anode plant in Pohang, North Gyeongsang Province, the previous day. “Despite being the only alternative for sta
Oct. 8, 2024
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LG Energy Solution pledges to double sales by 2028
LG Energy Solution on Monday vowed to double its annual sales by 2028 based on expanding and diversifying battery businesses outside of electric vehicles while continuing to secure technological leadership in the EV battery sector. “We will not settle at producing and selling batteries anymore, but we will establish a paradigm of subscription economy for batteries based on our battery diagnosis and management technologies,” said Kim Dong-myung, CEO of LG Energy Solution, during the c
Oct. 7, 2024
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Asiana to increase excess baggage fees on intl. flights in Jan.
Asiana Airlines Inc. announced Sunday it will increase fees for excess baggage on its international flights starting Jan. 2, 2025. Those fees apply to baggage in excess of the airline's free allowance. Fees for baggage exceeding the quantity limit will go up by as much as 40,000 won ($29.66) depending on routes, Asiana said. For short-haul routes within 90 minutes from Korea, the excess baggage fee will rise from 60,000 won per piece to 90,000 won. For flights to Europe, Africa and Oceania,
Oct. 6, 2024
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[Photo News] Genesis shines on red carpet
Supported by Hyundai Motor Group’s luxury brand Genesis, the Busan International Film Festival celebrates its 29th year. Over 100 Genesis G90 Black and GV80 Coupes will chauffeur top directors, actors, and festival officials to the outdoor theater. Beyond the red carpet, Genesis will offer test drives of the GV60, GV70 EV and G90 Black along Busan’s scenic coastal roads. Guests can also visit an interactive booth to preview films from the comfort of the G80 and GV80 Coupe. This year
Oct. 4, 2024
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SK Enmove secures iodine supply from Chile’s SQM
SK Enmove, a lubricant subsidiary of SK Innovation, has secured a stable supply of iodine by partnering with SQM, the world’s largest iodine producer based in Chile, in efforts to take the lead in the next-generation automotive refrigerants market, the company said Thursday. As iodine is a crucial material for producing high-efficiency automotive refrigerants, SK Enmove plans to develop advanced refrigerants that offer superior cooling and heating performance in comparison to the existing
Oct. 3, 2024
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SK On to raise W1tr via rights offering
SK On is looking to raise 1 trillion won ($755 million) through a rights offering as the battery maker continues efforts to improve its financial structure amid ongoing losses due to the sluggish growth of the electric vehicle market. Parent company SK Innovation announced in a regulatory filing on Wednesday that it plans to issue about 18 million new shares of SK On at a price of 55,458 won. The rights offering will take place in the form of a price return swap, through which a business guarant
Oct. 3, 2024
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Lotte ups outreach for children and women
Lotte Corp., the South Korean holding company of Lotte Group, is strengthening its corporate social responsibility campaigns, placing particular focus on children, women and military personnel. Since 2017, the company has been supporting local community centers dedicated to after-school care for children, creating garret-style shelters equipped with cultural and interactive materials, it said. To date, Lotte Corp. has supported 87 centers nationwide, with plans to expand to areas including Daegu
Oct. 3, 2024
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Coupang’s one-day luxury delivery service rebrands as R.LUX
South Korean e-commerce giant Coupang said Wednesday that it has rebranded its one-day delivery service for premium beauty products as R.LUX, introducing a dedicated app to enhance user experience. Initially launched as Rocket Luxury in July 2023 as part of Coupang’s strategy to expand into the premium beauty market, the service was rebranded as R.LUX to elevate the shopping experience and create a stronger, more distinctive identity, the company said. The platform offers improved featur
Oct. 2, 2024