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The Korea Herald

Companies

November 11, 2024
[Herald Interview] JobKorea’s KLiK brings jobs, community to growing foreign workforce in Korea

As Korea’s foreign workforce nears the 1 million mark, JobKorea, the nation’s leading online recruitment platform, has launched the spinoff KLiK, or Kickstart Life in Korea, to bring quality jobs and community to foreign national job seekers. Chris Heo, a 33-year-old Canadian national who leads ...
November 11, 2024
KT&G pledges to up shareholder returns

South Korea's top tobacco company KT&G unveiled a new program designed to enhance its corporate value, primarily focused on increasing shareholder returns, Monday. The program centers on improving profitability, optimizing asset efficiency and streamlining financial operations to reach a return-on...
November 11, 2024
Hyundai Motor plays down missed IRA incentives for Georgia plant

Hyundai Motor has missed out on the United States tax incentives for its new $7.6-billion manufacturing plant -- Hyundai Motor Group Metaplant America -- in Bryan County, Georgia, but said the credit did not affect its investment in the plant. According to industry sources Monday, Hyundai Motor di...
November 11, 2024
Young Poong's violations cast doubt on Korea Zinc bid

Young Poong, the world’s sixth-largest zinc smelter, has been ordered to close down its refinery facility for two months for discharging polluted wastewater without authorization, posing a possible setback in its attempt to take ownership control of Korea Zinc, its affiliate and the world’s large...
November 11, 2024
LG eyes footing in aerospace with possible SpaceX deal

LG Energy Solution has reportedly forged a deal with Elon Musk’s SpaceX to supply its cylindrical batteries, further strengthening its partnership with Tesla and advancing its footprint in the global aerospace sector. According to industry sources on Monday, the Korean battery maker began develop...
November 10, 2024
Korean shipbuilders upbeat on Trump’s call for collaboration

Korea’s leading shipbuilders -- Hanwha Ocean and HD Hyundai Heavy Industries -- have upped their efforts to forge deeper relations with the US Navy, as they look to score orders in the American warship market estimated at about 20 trillion won ($14.3 billion) per year. In August this year, Hanwha...
November 10, 2024
Chubby banana milk bottle eyes national heritage listing

For over half a century, yellow banana-flavored milk has held a special place in Korean culture, gracing supermarket shelves as a nostalgic favorite across generations. Now, its maker, Binggrae Co., aims to elevate the beloved drink’s status even further. The Korean dairy maker said Sunday that i...
November 10, 2024
Korean transformer export surge on clean energy, AI demand

The US and Saudi Arabia have been major buyers of Korean transformers this year. The US, which is upgrading its aging power grid, imported about $223 million worth of Korean transformers. This accounts for roughly a third of South Korea’s total transformer exports. Meanwhile, Saudi Arabia has been...
November 10, 2024
KT&G reports record cigarette sales in Q3

KT&G, the nation’s largest tobacco company, said Thursday its cigarette sales hit a new record in the third quarter, largely buoyed by overseas sales. In the July-September period, the company reported 1.04 trillion won ($780 million) in cigarette sales, up 7.7 percent from a year ago and the hig...
November 10, 2024
Supreme Court to weigh SK Group chief's W1.3tr divorce suit

South Korea’s Supreme Court has decided to consider another aspect of the SK Group chairman’s bid to overturn the country's most expensive divorce suit, opening up the possibility for the head of Korea’s second-largest conglomerate to reduce the size of the settlement. On Saturday, the justices...
November 08, 2024
IFC Seoul in acquisition talks for over W3tr

Singapore’s ARA Asset Management is reportedly in talks with Brookfield Asset Management to acquire the International Finance Center Seoul, one of South Korea's largest mixed-use commercial properties, according to sources Friday. Following its purchase of the Conrad Seoul Hotel in August, ARA is...
November 08, 2024
KT&G declines FCP proposal to buy ginseng unit

South Korean top tobacco company KT&G has rejected a recent proposal from the Singapore-based activist private equity fund Flashlight Capital Partners to acquire Korea Ginseng Corporation, a KT&G affiliate. In a move to turn down Flashlight Capital Partners' bid, KT&G issued a statement Friday and...
November 08, 2024
Starbucks to open store on North Korea's doorstep

Starbucks Korea will open a new outlet this month, just 1.4 km away from North Korea. The store will be located on the second floor of the observatory at Aegibong Peace Ecopark in Gimpo, Gyeonggi Province. Aegibong, a 154-meter peak, offers a direct view of North Korea’s Kaepung County and Songa...
November 08, 2024
Posco considers selling off steel plant in China amid market oversupply

Posco Group is reportedly considering selling its stainless steel plant in Zhangjiagang, China, as part of a broader restructuring initiative led by Chairman Chang In-hwa to streamline 125 low-profit and non-core assets. According to industry sources Friday, Posco is in the process of selecting an...
November 08, 2024
LG ramps up US battery push with $8b supply deal for Rivian EVs

By Moon Joon-hyun ( mjh@heraldcorp.com )

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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