Taihan Cable accused of obtaining trade secrets from competitor LS Cable

Police have concluded that Taihan Cable & Solution improperly obtained trade secrets tied to submarine cable plant technology from rival LS Cable & System, escalating a major legal battle between South Korea’s top two cable makers. The Gyeonggi Nambu Provincial Police Agency said Thursday it referred 13 individuals and three corporations to prosecutors on charges of violating the Unfair Competition Prevention and Trade Secret Protection Act. Those referred include four Taihan Cable executives an

2026-05-28 18:14:22:00

Korea’s priciest golf club may change hands

Poongsan Group is exploring the potential acquisition of Jack Nicklaus Golf Club Korea, according to an exclusive report by Herald Business on Thursday, as competition heats up for premium golf courses in the Seoul metropolitan area. Citing investment banking industry sources, the report said Poongsan Group recently selected an adviser to review deal structures and pricing for a possible acquisition of the golf club. Jack Nicklaus Golf Club Korea, widely considered one of South Korea’s most luxu

2026-05-14 13:47:19:00

Kakao Mobility eyes Nasdaq listing amid regulatory hurdles at home

Kakao Mobility is pursuing a potential Nasdaq listing in the US, according to an exclusive report by Herald Business on Wednesday, signaling a possible shift away from its previously expected domestic IPO route. Citing investment banking industry sources, the report said Kakao Mobility recently began a re-audit of its financial statements for 2023-2025 in preparation for a possible US market debut. The mobility platform operator had consistently denied speculation about a Nasdaq listing, but ind

2026-05-13 15:20:29:00

Seoul hotels' mango bingsu gets pricier

Seoul’s luxury hotels have once again raised prices for their signature apple mango bingsu, with this summer’s shaved ice desserts now ranging from around 95,000 won to as high as 149,000 won ($65-102) — enough to rival the price of a hotel buffet or even a one-night stay at some hotels. According to news reports on Sunday, major five-star hotels in Seoul increased prices for their seasonal mango bingsu menus, citing higher costs for Jeju apple mangoes, labor and premium services. Samsung-owned

2026-05-10 17:58:44:00

Dua Lipa takes Samsung to court in $15m TV box lawsuit

Dua Lipa has filed a $15 million lawsuit against Samsung Electronics, alleging the company used her image on television packaging without authorization or compensation. Citing a complaint filed Friday in the US District Court for the Central District of California, Variety reported Saturday that Samsung used Lipa’s likeness on cardboard TV packaging beginning last year as part of a mass-market marketing campaign. The lawsuit claims the image was used without Lipa’s knowledge or consent, creating

2026-05-10 17:38:30:00

GM Korea April sales rise 14.7% on strong SUV exports

GM Korea said Monday it sold 47,760 vehicles in April, up 14.7 percent from a year earlier, driven by strong overseas demand for its compact sport utility vehicles. Domestic sales remained limited at 811 units, while exports accounted for the bulk of deliveries at 46,949 units. Overseas shipments were led by the Chevrolet Trax Crossover, which rose 12.7 percent on-year to 31,239 units, and the Chevrolet Trailblazer, which jumped 24.7 percent to 15,710 units. The two models have played a central

2026-05-04 17:43:59:00

Korea overtakes UK to rank No. 8 in stock market cap

South Korea’s stock market has climbed to eighth place globally by market capitalization, overtaking the UK, on the back of a strong rally fueled by semiconductor gains and policy support. According to the Korea Exchange on Tuesday, the combined market capitalization of the Kospi and Kosdaq reached 6,101 trillion won ($4.1 trillion) as of Monday’s close. The Kospi accounted for 5,421 trillion won, while the Kosdaq stood at 679 trillion won. Global comparisons show Korea has surpassed the UK — wi

2026-04-28 15:24:14:00

[Photo News] Seoul’s financial hub push

Deputy Prime Minister Koo Yun-cheol (left) and American Chamber of Commerce in Korea Chairman James Kim shake hands after their meeting in Seoul on Tuesday. Kim stressed the need to strengthen competitiveness amid rising pressure from Singapore and Hong Kong, calling Korea’s potential MSCI upgrade a “critical opportunity.” Koo said the government is committed to advancing the capital market in line with global standards and implementing the MSCI road map to secure a “fair Korea premium,” with bo

2026-04-28 15:24:00:00

OCI shares jump on SpaceX deal buzz

OCI Holdings shares surged Friday on expectations of rising solar demand and a potential supply deal with SpaceX. The stock rose 9.16 percent to 351,500 won as of 10:36 a.m., according to the Korea Exchange. The gains were driven by optimism that new demand — including from emerging space-based applications — could lift the polysilicon market, with OCI seen as a key beneficiary. “The outlook for Korean solar stocks will largely depend on partnerships with Elon Musk,” said Lee Jin-ho, an analyst

2026-04-24 11:45:00:00

Doosan Enerbility chief leads Vietnam push for nuclear project

Doosan Enerbility Chairman Park Jee-won led the company’s push into Vietnam’s nuclear power sector during President Lee Jae Myung’s state visit, holding high-level meetings to lay the groundwork for future projects. Park joined the presidential business delegation to Hanoi, where he attended a series of events including a business roundtable and the Korea-Vietnam Business Forum, engaging with senior government officials and energy industry leaders. On the sidelines of the forum, Doosan signed me

2026-04-24 11:44:08:00