[Advertising Awards] SK Telecom leads in age of hyper innovation

CORPORATE PR AWARDS/ GRAND PRIZE SK Telecom By Kim Hee-sup Senior vice president of Public Relation Office What use would it be if the latest technologies mean nothing to your life? SK Telecom believes that the new era should be multifaceted just as taste varies from person to person. The new age with technological innovations should also be the same. SK Telecom aims to bring the age of hyper innovation that fits each and every individual.  SK Telecom is experiencing transformati

Oct. 29, 2020

S. Korean subsidiaries of foreign banks, online giants make top 10 list for gender equality

South Korean subsidiaries of foreign banking groups, online giants and daily necessities makers made the annual list for the 10 best companies working toward gender equality among the country’s 500 largest firms, data showed Thursday.  This year’s awarded firms comprised foreign-based lenders Citibank Korea and Standard Chartered Bank Korea, leading local internet firms Naver and Kakao, cosmetics giant Amorepacific, outdoor clothing manufacturer Yongone Corp., LG Group a

Oct. 29, 2020

[Advertising Awards] Incheon Free Economic Zone Authority strengthens national competitiveness

INDUSTRY AWARDS/INVESTMENT ATTRACTION INCHEON FREE ECONOMIC ZONE AUTHORITY By Kim Jae Beom Director of Media & Culture Division I am delighted that the Incheon Free Economic Zone Authority (IFEZA) has been given the Industry Award for Investment Attraction from The Korea Herald this year. The award is significant for recognizing IFEZA’s efforts, which started as Korea’s first free economic zone in October 2003 and marked its 17th anniversary this year, to strengthen national

Oct. 29, 2020

[Advertising Awards] GS Caltex gives energy to public amid COVID-19 outbreak

PRINCIPAL AWARDS/ GOLD PRIZE GS CALTEX By Lee Sang-hun Vice president of Public Relations  First, I feel grateful to receive the gold prize for this year’s The Korea Herald Advertising Awards and there is no doubt that this would become a great energy for GS Caltex to carry out its communication activities in the future. In 2009, GS Caltex set its corporate brand image as “Energy for sustainable life” and developed “I am your Energy” as a brand slogan to

Oct. 29, 2020

[Advertising Awards] SK Innovation pursues green strategy for sustainable growth

CREATIVE AWARDS/ GRAND PRIZE SK INNOVATION By Lim Su-kil Head of PR Office SK Innovation is pursuing its “Green Balance 2030” initiative with full force to seek growth through an eco-friendly business management strategy. SK Innovation sends gratitude to all who supported our corporate public relations campaign “Hi !nnovation -- Save Ink.” SK Innovation, which aims to go beyond its energy and petrochemical businesses and open up the future of sustainability, has

Oct. 29, 2020

Samsung's Q3 revenue surges to W67tr

Samsung Electronics posted a record-breaking quarterly revenue in the July-September period, buoyed by the strong performance of its device solutions and consumer electronics businesses, according to a regulatory filing Thursday. The South Korean information technology giant enjoyed a quarterly revenue of 66.9 trillion won ($59 billion), up 8 percent on-year and breaking the previous record of 65.9 trillion won set in 2017. The company’s operating profit spiked 58.8 percent to 12.3 trill

Oct. 29, 2020

Nexon offers therapy to help employees overcome coronavirus blues

Nexon said Thursday that it is offering a therapy program to care for the mental health of employees who are experiencing emotional swings as the pandemic drags on. According to the South Korean game company, its psychotherapy program, “Reading My Mind,” which has been running since 2017, provides employees with therapy sessions where they can talk about stress they are experiencing around work, personal relationships and family. “Since March, Nexon expanded its therapy p

Oct. 29, 2020

Naver posts record revenue in Q3

Naver posted all-time high quarterly sales in the third quarter this year, the company announced Thursday in its regulatory filing. The sales of Naver in the third quarter reached 1.36 trillion won ($1.2 billion), up by 24.2 percent on-year. Naver’s operating profit during the July-September period also increased by 1.8 percent on-year to reach at 291 billion won. The net profit of Naver also marked 235.3 billion won in the third quarter, surging by 176 percent on-year. The record-hi

Oct. 29, 2020

Seoul stocks fall on global virus surge

South Korean stocks closed lower Thursday on foreign and institutional selling as new coronavirus outbreaks in major global economies continued to surge at an alarming rate. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) fell 18.59 points, or 0.79 percent, to close at 2,326.67. Trading volume was moderate at about 488 million shares worth some 10.1 trillion won ($8.9 billion), with losers outnumbering gainers 641 to 221. The KOSPI started ou

Oct. 29, 2020

Samsung Biologics’ San Francisco lab first step to wider overseas expansion

Samsung Biologics announced the opening of its first overseas contract development operation site in the San Francisco Bay Area, Thursday. “We plan to continue our expansion into Boston, Europe and China. In 2020 and beyond, our next decade will be marked by global expansion. We want to be your next-door CDMO partner wherever you are located for faster and better development support,” said Kim Tae-han, CEO of Samsung Biologics, at the online press event designed to introduce the new

Oct. 29, 2020

Daelim Industrial's Q3 net up 28.5% on one-off gains

Daelim Industrial Co., a major South Korean builder, said Thursday its net profit rose 28.5 percent in the third quarter from a year earlier due to one-off gains. Net profit for the July-September period came to 229.1 billion won ($202.4 million), compared with 178.3 billion won a year earlier, the company said in a regulatory filing. Daelim Industrial said the reversal of the allowance for bad debts boosted its bottom line. Daelim Industrial said sales rose 2.7 percent on-year to 2.22 trilli

Oct. 29, 2020

Samsung's Galaxy S20 Plus best-selling 5G smartphone in H1: report

Samsung Electronics Co.'s Galaxy S20 Plus was the world's best-selling 5G smartphone model by revenue in the first half of the year, a report showed Thursday, although its dominance is likely to end in the second half with the release of Apple Inc.'s iPhone 12. The Galaxy S20 Plus, which was launched in February, took a revenue share of 9 percent in the global 5G smartphone market in the first half of the year, according to market researcher Strategy Analytics. The revenue of the global 5G s

Oct. 29, 2020

Nexon Foundation donates W10b to establish palliative care center for children

Nexon said Thursday its foundation will donate 10 billion won ($8.8 million) to Seoul National University Hospital to build an independent palliative care center dedicated to children. The South Korean game company will raise the funds together with its holding company NXC and its subsidiary Neople, and use the money for buying land, construction and operation of the hospice. Set for completion in 2022, the care center will be located in Jongro-gu, Seoul and provide palliative care service

Oct. 29, 2020

SPC Group opens hanok-inspired Baskin Robbins store in Seoul

SPC Group said Thursday it has opened a new Baskin Robbins outlet, designed in the traditional Korean style Hanok building. Located in Jongno, central Seoul, the Baskin Robbins Samcheong Madang is Baskin Robins’ 10th concept store, inspired by the idea of harmonizing the traditional and the modern, the group explained. The ice cream parlor has been constructed using traditional tiles, wooden pillars and with a surrounding fence to give it the look of a traditional hanok building, the

Oct. 29, 2020

Volkswagen Korea aims to ‘democratize’ imported car market

Volkswagen Korea aims to “democratize” the imported vehicle market here with a robust lineup of eight models, the company said Thursday. Reiterating the goal the company announced in 2018, the automaker said it aimed to expand its vehicle portfolio in South Korea and offer them at reasonable prices to compete with Korean brand automobiles. With its popular sports utility vehicle Tiguan in lead, the automaker said its sales tripled in the first three quarters this year, compared

Oct. 29, 2020

Major Korean banking groups post stronger-than-expected Q3 earnings

Four major South Korean banking groups posted better-than-expected third quarter net profit, bolstered by nonbanking businesses amid coronavirus woes, data provided by the firms as of Thursday showed. In terms of quarterly net profit, KB Financial Group maintained the top spot for two consecutive quarters, having gained 24.1 percent on-year to 1.16 trillion won ($1 billion). Shinhan Financial Group, which relinquished the crown to KB last quarter, still posted an impressive net profit of 1.1

Oct. 29, 2020

Samsung Electronics to hold low-key founding anniversary after chief's death

Samsung Electronics Co., the world's largest memory chip and smartphone maker, is expected to celebrate the 51st anniversary of its foundation in a low-key manner following the death of its longtime chief Lee Kun-hee, industry insiders said Thursday. Lee, one of the most influential businessmen in the country's post-war era, died Sunday at age 78, more than six years after being hospitalized for a heart attack. The South Korean tech giant has been celebrating its foundation on Nov. 1, but wit

Oct. 29, 2020

Hyundai Mobis Q3 net dips 33% on virus impact

Hyundai Mobis Co., South Korea's biggest auto parts maker, said Thursday its third-quarter net profit fell 33 percent from a year earlier as the COVID-19 pandemic affected vehicle sales.   Net profit for the three months that ended in September fell to 391.3 billion won ($346 million) from 581.9 billion won in the same period of last year, the company said in a statement.   "The coronavirus outbreak continued to weigh on consumer sentiment and vehicle sales in the thir

Oct. 29, 2020

Smaller firms' business confidence gains for Nov.: poll

South Korean smaller firms' business outlook rose for the second consecutive month for November on loosened coronavirus curbs and a recovery in exports, a poll showed Thursday. The survey of 3,150 small and medium enterprises (SMEs) showed that the small business health index (SBHI) stood at 74 for the coming month, up 2.8 points from October. It marked the second consecutive month of increase. The index gained to 71.2 for October from 67.9 in September. Yet the November tally was still below

Oct. 29, 2020

Debt of self-employed rises 4.7% in 2018

SEJONG -- Debt held by the self-employed grew 4.7 percent in 2018, as their income fell amid the economic slowdown, raising concerns about their capacity to service debt, data showed Thursday. Average bank loans extended to a self-employed person amounted to 164 million won ($144,000) as of end-2018, compared with 156 million won a year ago, according to the data released by Statistics Korea. Banks have increased loans to the self-employed as the financial regulator is seeking to curb the gr

Oct. 29, 2020