LG Energy Solution, Stellantis ready to scrap Canadian joint plant altogether: report

Samsung SDS announced Thursday the company’s plan to upgrade Cello Square, its digital forwarding platform offering one-stop freight shipping solutions, and tap deeper into the global market, through further digitalization. The IT solution provider affiliated with Samsung Group also explained that it has added new service functions to Cello Square -- data analysis, automation and a carbon emissi...

Canadian multinational coffeehouse Tim Hortons is opening its first outlet in South Korea this year, according to industry sources on Thursday. Known for its 60-year history and Canadian heritage, Tim Hortons has some 5,600 locations in 15 countries, including the US, Spain, Mexico and Thailand. It is also an affiliate under Restaurant Brands International, one of the world’s largest quick-serv...

SK Group Chairman Chey Tae-won, who doubles as chairman of the Korea Chamber of Commerce and Industry, talks with “global supporters” for Busan’s bid to host the 2030 World Expo at a traditional market in central Seoul on Wednesday. A total of 120 young people, including 50 foreign nationals, are serving as supporters for Busan’s Expo bid as they carry out promotional activities throughout the wo...

Earlier in March, McDonald’s Korea held an award ceremony at its headquarters in Jongno-gu, central Seoul, to commemorate the 35th anniversary of its foundation. Dubbed the “Three-legged Stool” award ceremony, the theme of the event was directly inspired by McDonald’s founder Ray Croc’s three-legged stool philosophy, which states that the company’s headquarters, suppliers and franchisees should ...

South Korean general trading firm STX said Wednesday it has won an order to produce two 500-ton maritime patrol ships worth a combined $36 million for the Peruvian government. Having already supplied a total of six maritime patrol ships since 2013, STX said it is securing a firm footing in the Peruvian defense market. The upcoming diesel-powered seventh and eighth ships – 56.4 meters long and 8...

Purchasing a package holiday can be a convenient option for travelers but may not be the ideal choice for people who dislike ticking off a list of famous tourist spots and attractions. Founded as a startup in 2020, DayTrip is an app that aims to provide well-curated and eye-catching travel content not provided by more conventional travel companies and platforms. “We started (DayTrip) during the...

Korea, Canada agree to expand economic cooperation in clean energy sector

LG Display, which has been suffering operating losses in recent months, could turn a profit next year if it starts supplying OLED panels to Samsung Electronics as early as this quarter, an analyst report said Wednesday. “LG Display is expected to supply 77-inch, 83-inch OLED panels to Samsung Electronics from the second half of this year, and add 55-inch and 65-inch panels to the deal,” Kim Dong...

Samsung Display said Wednesday its quantum-dot OLED or QD-OLED has been named Display of the Year by the Society for Information Display, one of the industry’s top honors. QD-OLED is a hybrid technology that improves the brightness and color of OLED panels by using self-emitting quantum dots as the light source.

Japanese Prime Minister Fumio Kishida has invited the heads of global chipmakers, including Samsung Electronics, to meet, in an apparent move to boost his nation’s chip industry, according to Japan’s Yomiuri Shimbun newspaper on Wednesday. The media outlet said a total of seven companies -- Samsung, TSMC, Intel, IBM, Micron, Applied Materials and Interuniversity Microelectronics Center -- will j...

CJ Logistics Corp., a major South Korean logistics company, said it has signed an initial agreement with Saudi Arabian firm Beez Logistics as part of its efforts to expand its business in the Middle East. With the memorandum of understanding, CJ Logistics will share its logistics experience, technology and network with its Saudi Arabian partner to provide delivery service that suits the country'...

TGS Group’s art investment business unit ArtFin signed a memorandum of understanding with The Korea Herald on Monday in a pledge to share Korean art with the world. Through the non-binding agreement, the two companies will cooperate to create a new wave of art investment, nurture a better environment and a bigger market for artists and investors. They will also support Korean artists to enter th...

By Lee Young SMEs and startups minister President Yoon Suk Yeol’s recent state visit to the US, the first such visit by a South Korean president in 12 years, has proven successful. Along with a joint statement, Korea and the US announced six agreements including the Washington Declaration, while securing $5.9 billion worth investments and 50 business deals. The two countries have confirmed the...

South Korean food giant Nongshim saw its profits nearly double in the first quarter, primarily led by its booming business in the US, the company's earnings report said Tuesday. According to Nongshim's regulatory filing, the company's sales and operating profits during the January to March period were tallied at 860.4 billion won ($643 million) and 63.8 billion won, respectively, on a consolidat...