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The Korea Herald

Companies

November 21, 2024
Paper firms fined W30b for colluding on newsprint prices

South Korea’s antitrust watchdog has fined three paper manufacturers a total of 30.5 billion won ($21.8 million) for colluding to raise newsprint prices. According to the Korea Fair Trade Commission on Thursday, Jeonju Paper, Daehan Paper and Paper Korea engaged in price-fixing by twice raising p...
November 21, 2024
Now is no time to add pressure on businesses: top executives

The top executives of 16 major Korean conglomerates, including Samsung, SK, Hyundai Motor and LG, on Thursday issued a rare joint statement opposing a proposed revision to the Commercial Act, which aims to increase the duties of corporate board members. “The proposed revision will lead to excessi...
November 21, 2024
[From the Scene] Gigantic Olive Young store lures young trend-setters in Seongsu

Interactive services elevate the experience even further. At the Skin Fit Studio, visitors can indulge in spa-quality skincare treatments, while the Makeup Studio and Touch-Up Bar offer themed tutorials and personalized beauty sessions. To foster collaboration and support industry growth, Olive Y...
November 21, 2024
Korean Air offers special flights for mileage users

Korean Air has introduced a special flight schedule for customers wishing to redeem mileage points for trips to Jeju Island. Mileage users will have preferential booking access for three days: Dec. 28, Dec. 30, and Jan. 1. Reservations open Thursday, and customers can join the event through the ai...
November 21, 2024
Seoul’s department stores dazzle in festive holiday competition

According to Socar, a local car-sharing platform, parking ticket transactions on its platform within 500 meters of these stores — Shinsegae in Myeong-dong, Lotte in Sogong-dong, The Hyundai Seoul in Yeouido, Hyundai Apgujeong, and Hyundai’s Trade Center branch — surpassed last November’s total ...
November 21, 2024
LS, Demark’s CIP join hands for Ulsan wind power project

LS Cable & System, a leading Korean cable manufacturer, is bolstering ties with global infrastructure investors to supply its submarine cables for floating offshore wind power projects in Ulsan. According to the company on Thursday, LS signed a letter of intent with Copenhagen Infrastructure Partn...
November 21, 2024
CJ CheilJedang to spur overseas growth with new Hungary, US plants

South Korean food company CJ CheilJedang announced Thursday it plans to build new production facilities in Hungary and the US as part of efforts to expand its presence in global markets. The company said it has secured a site in Dunavarsany, Hungary, and has begun designing the facility. Covering ...
November 21, 2024
LG Chem to secure massive supply of lithium from ExxonMobil

LG Chem has forged a deal with US energy giant ExxonMobil to secure up to 100,000 metric tons of lithium, a key material for cathodes used in electric vehicle batteries. According to the company, LG Chem Vice Chairman and CEO Shin Hak-cheol and ExxonMobil Senior Vice President Dan Holton signed a ...
November 21, 2024
[Herald Interview] Canada’s Genesis Fertilizers teams up with Korean builder for sustainable agriculture

In a step toward sustainable agriculture, Canadian fertilizer company Genesis Fertilizers has signed a $35 million front-end engineering design, or FEED, contract with South Korea's DL Engineering & Construction to develop a low-carbon nitrogen fertilizer plant in Saskatchewan. Genesis Fertilizers...
November 21, 2024
LG Uplus taps IT strategist as new CEO

LG Uplus, one of the nation's top three telecom carriers, announced Thursday that it has appointed Hong Bum-shik, head of corporate strategy at LG Corp., LG Group’s holding unit, as its new CEO. Hong, who earned a master’s degree in international affairs at Columbia University, served in strateg...
November 21, 2024
KG Mobility’s Tivoli hits 300,000 units sold in Korea

KG Mobility’s compact SUV Tivoli has surpassed 300,000 units sold in South Korea, with its global cumulative sales exceeding 420,000 units since its debut in 2015. The Tivoli has gained traction for its affordability, practical designs and consistent updates, making it a popular choice for first-...
November 21, 2024
Hyundai Ioniq 9 debuts as electric SUV with home-like comfort

By Moon Joon-hyun ( mjh@heraldcorp.com )
November 20, 2024
[Herald Interview] How Gopizza became big name in India

Interestingly, Gopizza has also introduced Korean instant ramyeon to its Indian menu, which has become unexpectedly popular. "We sell Shin Ramyun in a bowl at around 4,000 won, which is more expensive than our pizzas. But Indian customers are willing to pay for it," Lim noted, highlighting the gro...
November 20, 2024
Hanwha, HD Hyundai chiefs welcome second Trump era

As Korean industries brace for a second nonconsecutive term of US President-elect Donald Trump, leaders of Korean defense and shipbuilding companies – namely Hanwha Group and HD Hyundai – are enhancing readiness to seize new growth opportunities. Hanwha Group Chairman Kim Seung-youn, in the proc...
November 20, 2024
Posco shuts down wire rod mill on oversupply concerns

South Korean steel giant Posco Group said Wednesday that it will shut down a wire rod mill at its steelworks in Pohang, North Gyeongsang Province, citing global oversupply. The company explained that the decision reflects recent market challenges, including the ongoing global steel surplus, aging ...

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099