Samsung Biologics union votes to leave Samsung-wide labor body

Samsung Biologics’ labor union has voted to leave the Samsung Group-wide super-enterprise union and shift to an independent company-level structure, as prolonged wage talks with management remain stalled. The Samsung Biologics branch said Sunday that members approved the organizational change in a vote held from Wednesday. Of 4,005 eligible members, 2,479 voted, with 2,392, or 96.5 percent, in favor. The exit comes as the Samsung Biologics union has struggled to make progress in wage and collect

2026-06-28 17:09:35:00

Global AI mobility leaders to gather in Seoul

The Future AI Mobility Summit 2026 will bring together mobility, artificial intelligence and energy leaders from Korea, China, India and the United Arab Emirates in Seoul on Tuesday to discuss how AI is transforming the mobility industry. Co-hosted by Herald Media Group, publisher of The Korea Herald and Herald Business, and the Korea Future eco-Mobility Service Association, the summit will be held at the Korea Chamber of Commerce and Industry in central Seoul. Under the slogan “Motion to Emotio

2026-06-28 15:01:00:00

Quiet, but decisive: Koo Kwang-mo's remaking of LG

When Koo Kwang-mo took the helm of LG Group in 2018 at age 40, he did so without a grand ceremony, a high-profile speech or the usual fanfare surrounding chaebol succession. Eight years later, that restrained style still defines one of South Korea’s youngest conglomerate chiefs. Behind the low-key image, however, Koo has driven some of LG's most consequential changes in decades — exiting smartphones, scaling back LCDs and redirecting the group toward higher-margin businesses such as vehicle comp

2026-06-28 13:29:58:00

Korea joins AI supply chain talks at Pax Silica summit in Washington

South Korea took part in an international meeting on artificial intelligence and semiconductor supply chains in Washington, the Foreign Ministry said Saturday, as countries seek closer cooperation on the infrastructure behind AI development. Second Vice Foreign Minister Kim Jin-ah attended the second Pax Silica Summit in Washington, DC, where participants discussed ways to strengthen cooperation on AI innovation and semiconductor supply chains. Pax Silica is an AI supply chain consultation frame

2026-06-27 16:49:59:00

Chinese, Russian military aircraft enter KADIZ, no airspace violation: JCS

South Korea scrambled fighter jets Saturday after more than 10 Chinese and Russian military aircraft entered its air defense identification zone over the East Sea and waters off the country’s south, Seoul’s military said. The aircraft entered and left the Korea Air Defense Identification Zone in sequence earlier in the day, but did not violate South Korean airspace, according to the Joint Chiefs of Staff. “Our military identified the Chinese and Russian aircraft before they entered the KADIZ and

2026-06-27 16:44:55:00

Korea's beaches open for summer season as heat sets in

Vacationers crowd Sokcho Beach in Gangwon Province on Saturday as hot weather grips the country. Beaches across South Korea are opening for the summer season, with local governments strengthening safety measures as hot weather draws vacationers to the coast. Gangwon Province is among the first to welcome beachgoers, with 86 beaches along the east coast opening in phases after Ayajin Beach in Goseong opened June 12. Sokcho Beach opens July 3, followed by Gyeongpo Beach in Gangneung on July 4. Jej

2026-06-27 14:09:47:00

Lee rebuts water concerns over possible Honam chip investment

President Lee Jae-myung on Saturday pushed back against concerns that South Korea’s southwestern Honam region may lack enough water to support possible semiconductor investments by Samsung Electronics and SK hynix, saying the region has sufficient resources if they are properly managed. “Honam has enough water, just as Yeongnam and the Seoul metropolitan area do,” Lee wrote on X, sharing a report on the government’s review of industrial water supply measures for the region. Lee said studies had

2026-06-27 13:22:44:00

S. Korea to provide $5m in humanitarian aid to quake-hit Venezuela

South Korea will provide $5 million in humanitarian assistance to Venezuela after two powerful earthquakes struck the country’s northern region, the Foreign Ministry said Friday. The aid will be delivered through international organizations and used to support recovery efforts in affected areas and provide relief for displaced residents, the ministry said. “We hope the assistance will help with the recovery of the affected areas and support the swift return to daily life for local residents,” th

2026-06-27 10:43:43:00

Korea launches $150b US shipbuilding investment alliance

South Korea on Thursday launched a joint financing alliance with its three biggest shipbuilders and major state policy lenders to drive a $150 billion Korea-US shipbuilding investment initiative aimed at expanding Korean companies' presence in the US market. The Ministry of Trade, Industry and Resources said the Korea-US Strategic Investment Corp., the Export-Import Bank of Korea, Korea Development Bank, Korea Trade Insurance Corp. and Korea Ocean Business Corp. signed an agreement with HD Hyund

2026-06-25 14:35:43:00

SK hynix seeks up to W45.5tr in July Nasdaq debut

SK hynix said Wednesday it plans to begin trading American depositary receipts on the Nasdaq Stock Market on July 10, potentially raising up to 45.5 trillion won ($33 billion) to fund a major expansion of its artificial intelligence chip production capacity. The Korean memory chipmaker said its board approved the issuance of ADRs backed by newly issued common shares. The proceeds will be used to finance key semiconductor projects, including the first fabrication plant at the Yongin semiconductor

2026-06-24 18:27:31:00