New York-listed e-commerce giant Coupang set another quarterly record in the July-September period of this year on enhanced user engagement, with its revenue reaching $7.86 billion, a 32 percent jump from a year ago. The company also returned to profitability in the quarter after posting operating losses in the previous quarter largely from the UK luxury shopping platform Farfetch it acquired last year and antitrust fines in Korea. "The improvements we saw this quarter are most notably driv

Industry Nov. 6, 2024

Beijing's visa exemption for South Korean tourists will take effect on Friday this week, but expectations are mixed about the impact, as it comes after years of waning popularity of China as a travel destination here. China announced Friday that it would allow passport holders of Korea and eight other countries to enter China without visas for up to 15 days for tourism, business, family visits, and transit purposes. Chinese nationals are still required to apply for a visa to enter Korea. Lo

Industry Nov. 6, 2024

Celltrion has launched Steqeyma, a biosimilar of Stelara (ustekinumab) for autoimmune disease treatment, across Europe, broadening its product portfolio to further strengthen its position in the European biopharmaceutical market. On Friday, Celltrion introduced Steqeyma in Germany, one of Europe’s top five pharmaceutical markets, and in the Netherlands. To expedite the product launch, Celltrion’s German subsidiary completed essential preliminary steps, including drug price listing an

Industry Nov. 4, 2024

HS Hyosung Vice Chairman Cho Hyun-sang has officially begun his role as the member and incoming chair of the APEC Business Advisory Council (ABAC) for 2025, Hyosung Group announced on Friday. Appointed the ABAC chair in August this year, Cho recently met with Foreign Minister Cho Tae-yul and Second Vice Foreign Minister Kang In-sun. On Thursday, he also met with Trade Minister Jeong In-kyo to discuss the ABAC's role and vision for next year’s APEC meeting, which will primarily take pl

Industry Nov. 3, 2024

SK Group Chairman Chey Tae-won delivers his closing remarks during the 2024 CEO Seminar held at SKMS Research Institute in Icheon, Gyeonggi Province, on Saturday. Some 30 top executives across SK companies participated in the three-day annual event. The SK chief stressed to spur growth centering on artificial intelligence amid the ongoing efforts for portfolio rebalancing and operational improvements. (SK Group)

Industry Nov. 3, 2024

Celebrating 40 years of direct flights between Korea and Germany, Lufthansa Group is intensifying its focus on Korea with tech-driven travel solutions and sustainability efforts. Earlier this year, the group launched direct services from Seoul to Zurich with SWISS and is continuing to explore opportunities to increase capacity in the Korean market. In a recent interview with The Korea Herald, Leandro Tonidandel, Lufthansa Group’s general manager for Korea, shared insights into how Korea&

Industry Nov. 3, 2024

South Korean retail giant Shinsegae Group on Wednesday announced a structural revamp dividing its flagship retail business into two companies, E-Mart and Shinsegae Department Store, making official the sibling leadership that for years has formed part of the founding family’s succession plan. In an executive reshuffle, Chung Yu-kyung, president and younger daughter of Chairwoman Lee Myung-hee, was promoted to chair to lead the department store business Shinsegae Inc. Her elder brother Chun

Industry Oct. 30, 2024

Celltrion has secured contracts to list its Zymfentra — the world’s only subcutaneous injection formulation of its infliximab Remsima — across all public and private insurance sectors managed by the top three US pharmacy benefit managers. Celltrion announced Tuesday that it had recently finalized an agreement with a pharmaceutical group purchasing organization representing one of these major pharmacy benefit managers to secure the listing of Zymfentra in private insurance formu

Industry Oct. 29, 2024

Japan's JTI is reentering South Korea's heated tobacco market with a new product, Ploom X Advanced, in a renewed growth push. "We understand Korea's market is highly competitive, but we believe now is the ideal time to introduce our product," JTI Korea general manager David Wheeler said at the launch of the new product at a Seoul hotel on Monday. "As we are standing in a rapidly evolving market, it's crucial to develop products to an advanced level with top qua

Industry Oct. 28, 2024

내년 증시 상장을 앞두고 있는 ‘태국 1위’ 배달 앱 라인맨 웡나이(Line Man Wongnai)가 올해 중으로 판교에 R&D센터를 개소해 적극적으로 인재 유치에 나선다는 계획이다. 정인영 최고재무책임자(CFO)는 25일 코리아헤럴드와의 인터뷰에서 “한국의 기술 인재를 활용해 우리의 성장 속도를 한단계 더 높일 수 있을 것으로 기대한다”며 “한국 시장은 음식 배달과 디지털 결제 분야에서 급속히 발전해왔기 때문에, 이 분야의 경험이 동남아 신흥 시장에서의 성장에 큰 도움이 될 것”이라고 말했다. 라인맨 웡나이는 2020년 라인의 태국 배달 서비스 라인맨과 현지 식당 리뷰 플랫폼 웡나이의 합병으로 설립됐다. 이후 가파른 성장세를 이어가고 있으며 올해 상반기에는 주요 경쟁사인 그램(Grab)을 제치고 태국 배달 시장에서 점유율 1위를 차지했다. 특히 태국 최대 레스토랑 판매 관리(POS) 시스템과 디지털 결제 서비스

한국어판 Oct. 28, 2024

Line Man Wongnai, Thailand's leading food delivery app and digital solutions platform, is expected to open a research and development center in Korea in December in a move to tap into the nation’s deep pool of tech talent ahead of its planned stock debut next year. In an exclusive interview with The Korea Herald on Friday, the company’s Chief Financial Officer Chung In-young revealed that the company is actively recruiting Korean talent particularly in three sectors -- fintech

Industry Oct. 28, 2024

진행자: 김혜연, Kevin Selzer Hemingway's 'The Killers' interpreted by 4 directors in 1 film 기사 내용: 헤밍웨이가 쓴 단편소설 "살인자들," 4인 4색 감독의 시선으로 연출한 살인극에 대하여 [1] A set of creative interpretations of Ernest Hemingway’s short story “The Killers” is set to hit Korean cinemas, captivating audiences with stunning cinematography and an innovative approach. *to hit 개봉하다 *stunning 굉장히 아름다운[멋진] [2] The Korean film "The Killers" is an anthology comprising four short

Podcast Oct. 28, 2024

ICHEON, Gyeonggi Province/WONJU, Gangwon Province – On an autumn morning in October, a bustling ginseng harvest was underway in the ginseng fields of Icheon, Gyeonggi Province. Workers were busy sorting ginseng unearthed by tractors, as roots that had been buried for years finally surfaced, ready for the season’s harvest, which is between September and November. Kim Il-bong, 65, whose family has managed these ginseng fields for three generations, said he has been exclusively partnere

Industry Oct. 27, 2024

진행자: 김혜연, Kevin Selzer [KH Explains] Indonesia's halal certification: Double-edged sword for Korean food industry? 기사 내용: 인도네시아 수입식품 할랄인증 표기 의무화, 한국 식품기업에 미칠 영향에 대하여 [1] Indonesia’s new regulation mandating Halal certification for all imported food products is expected to widen the export gap between large conglomerates and small businesses in Korea due to the high costs and time need to meet the requirements. *mandating 명령[지시]하다 *widen 확대하다, 넓히다 [2] After a five-year grace period, t

Podcast Oct. 24, 2024

Emily Cho, president and chief marketing officer of Hanjin Logistics Corporation, visited 11 countries in the first half of this year alone as she continued adding impetus to extending the global shipping network of the company her grandfather founded 79 years ago. "I try to be present in meetings with our global clients, hoping to help foster long-term, solid partnerships with them," Cho told The Korea Herald in a recent interview at her office in central Seoul, a day before her busin

Industry Oct. 21, 2024