Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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China outpaces Korea in smaller OLED shipments for 1st time
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Seoul to deploy more military doctors to fill med prof void
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Liberal bloc moves to rewrite student rights ordinance
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[Photo News] Support for Myanmar
Hana Financial Group Vice Chairman Lee Eun-hyung (second from right) and other company and government officials pose for a photo during a stationery delivery event held at the headquarters of Hana Microfinance in Yangon, Myanmar, Tuesday. Some 500 sets of stationary were delivered to help students in the city hit by the recent cyclone Mocha.
June 27, 2023
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Amore Pacific Group signs MOU with retail giant A.S. Watson Group to expand global business
South Korean cosmetics giant Amore Pacific Group said Tuesday it has signed an initial pact with international health and beauty retailer A.S. Watson Group to expand its global business. With the memorandum of understanding, the two companies agreed to cooperate to seek the growth of Amore Pacific's brands that have already entered A.S. Watson's platforms, including Innisfree, Etude and Mise-en-Scene. The companies also agreed to cooperate to help more Amore Pacific brands, such as Ill
June 27, 2023
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[Photo News] Smile for children
SK Group said Monday that a total of 4,273 children in Vietnam have received surgeries treating facial deformities over the past 27 years as part of the firm's social contribution project there, called Smile For Children. The project was launched in 1996 in partnership with Korean medical institutions and volunteers, with SK covering all costs worth a total of some 4 billion won ($3 million).
June 26, 2023
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Doosan to expand EV materials production in Vietnam
Doosan Corp. has joined hands with Hai Duong, an industrial city east of Vietnam's capital Hanoi, seeking further business opportunities based on its manufacturing techniques for advanced electronic materials, the South Korean conglomerate said Sunday. Doosan Corp. and the city of Hai Duong signed a memorandum of understanding last week in Hanoi with government and company officials in attendance, which took place as part of events celebrating South Korean President Yoon Suk Yeol’s st
June 25, 2023
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Yoon challenges S. Korean businesses to invest in Vietnam
President Yoon Suk Yeol challenged a group of South Korean businesspeople on Thursday to invest in Vietnam's emerging markets, saying he believes they hold the key to overcoming various global risks. Yoon made the remark during dinner with a South Korean business delegation accompanying him on his three-day state visit to Vietnam. The 205-member delegation, the largest yet under the current administration, includes Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey
June 23, 2023
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[Beyond Earth] Kolon aims to become global space parts supplier
Kolon Group, a South Korean chemical and textile conglomerate, is looking to become a global space parts supplier as it continues to build upon its strength of developing and manufacturing composite materials. “Our business is to supply all parts that are made up of composite materials, so we are developing technologies that can produce composite-materials-made components that go into a space launch vehicle,” said Bang Min-soo, CEO of Kolon Glotech, in an interview with The Korea Her
June 19, 2023
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[KH Explains] Are Hyundai, Kia really responsible for thefts in US?
South Korean automakers Hyundai Motor Company and its sister firm Kia have been facing a public backlash and multiple lawsuits in the United States as the number of vehicle thefts among certain models lacking immobilizers surged after videos of young men stealing the cars went viral on social media platforms last summer. Videos with the hashtags “Kia Boyz” or “Kia Boys” began trending on social media platforms, namely TikTok, across the country. They showed mostly teenage
June 13, 2023
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LG Chem to join Israel’s massive desalination project
LG Water Solutions, the arm of LG Chem specializing in manufacturing seawater reverse osmosis membranes, has secured an exclusive supply agreement for the Ashdod Rehabilitation Project in Israel, aiming at strengthening the company's presence in the Mediterranean desalination market. Under the agreement, LG Water Solutions will supply a total of 30,000 SWRO membranes to the Ashdod plant throughout the year. With a capacity of 336,000 m3/day, this can generate clean water for approximately 1
May 18, 2023
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GS25 to debut ChatGPT-developed whiskey highball
GS25, the leading convenience store chain in South Korea owned by GS Group, said Tuesday it is launching an artificial intelligence-developed alcoholic beverage -- a first globally -- this week. GS25 has partnered with Brewguru, a startup brewing company, to apply AI-based knowledge in developing and introducing a whiskey highball beverage called AskUp Lemon Sparkling Highball. This offering is the world's first alcoholic drink that incorporates AI’s expertise into its decision-maki
May 16, 2023
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SK Group chips in for NYC cultural festival
SK Group is sponsoring art and cultural festivities in New York as part of business efforts to expand its presence in the US market. The SUPEX Council, the group’s highest consultative panel, confirmed that five SK affiliates -- SK E&S, SKC, SK On, SK C&C and SK Ecoengineering -- will participate as corporate sponsors in the Lincoln Center's Summer for the City festival in New York from June 14 to Aug. 12. It is the group's first time employing the key “Global Sto
May 14, 2023
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Samsung SDS joins hands with o9 Solutions, Emro for SaaS solution
Samsung SDS announced Thursday that it has formed strategic partnerships with o9 Solutions, a US-based planning platform provider, and Emro, a Korean Supplier Relationship Management vendor, in a bid to jointly develop global SRM Software as a service solution. Samsung SDS said it plans to complete the development of the SaaS solution this year, and secure customers by 2024 to cement its position as a market leader. SRM has become a crucial factor in strengthening the firm’s competitiven
May 11, 2023
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LS Cable & System wins W2tr cable deal from TenneT
South Korean cable maker LS Cable & System said Monday it had won an order worth 2 trillion won ($1.5 billion) as part of the largest-ever transmission network project launched by Dutch state-run grid operator. The Korean firm is forming a consortium together with Belgian construction companies Jan De Nul and Denys to secure the deal. The project aims to connect a North Sea offshore wind farm with inland areas of Germany and the Netherlands through high-voltage direct current (HVDC) cables.
May 8, 2023
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UA Incheon-San Francisco flights to exceed pre-pandemic levels
The number of United Airlines flights from Incheon to San Francisco will exceed pre-pandemic levels starting from June as the Star Alliance member hopes to serve as a connecting bridge among travelers from Korea and the US, according to a top executive at the air carrier. The airline has increased the number of flights from Incheon to San Francisco, from seven flights weekly to 12, since April 24, to reach pre-pandemic levels. Starting June 2, it will expand the flights for the route to 14 per w
May 6, 2023
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Nexon's MapleStory turns 20, uniting fans in nostalgia
Nexon's iconic MMORPG, MapleStory, is commemorating its 20th anniversary this year with an array of virtual and real-world celebrations. First launched in 2003, the 2D side-scrolling game quickly amassed players of all ages thanks to its inviting visuals and straightforward gameplay. Nexon said that "MapleStory has long been loved for its series of well-received content updates." Significant updates include 2011's "Legend," which achieved a record 626,000 concurre
April 27, 2023
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Shinsegae, Hotel Shilla win Incheon airport duty-free licenses
Shinsegae DF and Hotel Shilla were selected Wednesday as new duty-free operators at Incheon International Airport, the Korea Customs Service said. Shinsegae and Shilla were awarded licenses to operate duty-free shops in DF 1 zone and DF 2 zone, respectively, for 10 years starting from July. The shops sell perfumes, cosmetics, alcohol and tobacco. Five companies, including Hyundai Department Store Duty Free, Lotte Duty Free and China Duty Free Group, competed for the rights to run duty-free store
April 26, 2023
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Fitch upgrades outlook on Hyundai Card to positive, affirms at BBB
Hyundai Card said on Friday that global rating agency Fitch revised its outlook on the Hyundai Motor Group's credit card unit to positive from stable while retaining its credit rating at BBB. It is the card company's first revision from the ratings firm in 11 years, as its rating and outlook had stayed at BBB stable since July 2012. In a rating action commentary released on March 30, Fitch attributed the rating upgrade mainly to Hyundai Motor Group -- the parent company of Hyundai
April 7, 2023
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Kakao raided over suspicious SM stock purchase
Financial authorities and prosecutors jointly raided tech giant Kakao Corp. on the suspicion that it participated in stock price manipulation during its takeover of K-pop agency SM Entertainment. The Financial Services Commission on Thursday sent a team of 40 investigators to Kakao and its affiliate Kakao Entertainment in Pangyo, Gyeonggi Province to seize internal documents and other related data. Authorities are looking into the possibility that Kakao violated the Capital Markets Act when
April 7, 2023
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[Graphic News] Number of corporate M&As in S. Korea down 7.7% in 2022
Mergers and acquisitions by South Korean firms decreased 7.7 percent in 2022 from a year earlier amid economic uncertainties, data showed. The number of mergers came to 1,027 cases last year, down from 1,113 cases tallied in 2021, according to the Fair Trade Commission. They were valued at 325.5 trillion won ($245.9 billion), down 6.7 percent over the period. It marked the first time since 2016 for the number of M&As to decrease on-year. The figure, meanwhile, still hovered above 1,000 for t
March 21, 2023
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HD Hyundai chairman wins top industrial honor
HD Hyundai Chairman Kwon Oh-gap on Wednesday received South Korea’s highest state industrial award -- Gold Tower Order of Industrial Service Merit -- for his achievements as a business leader in enhancing the country’s shipbuilding industry and promoting the culture of giving. The award ceremony took place during the ceremony of the 50th Commerce and Industry Day organized by the Ministry of Industry, Trade and Energy. The event was held at the Korea Chamber of Commerce and Industry
March 15, 2023
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Hyundai Motor Group donates W5.2b sleeper buses for firefighters
Hyundai Motor Group has decided to donate eight customized sleeper buses worth 5.2 billion won ($4 million) to the National Fire Agency for the Korea Chamber of Commerce and Industry’s first social responsibility project, the South Korean auto giant said Tuesday. As part of the project, Hyundai Motor Group, along with the KCCI and Hyosung Group, held a social event at a fire station in the southeastern port city of Ulsan. The KCCI’s Entrepreneurship Roundtable, a corporate gathering
March 14, 2023