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The Korea Herald

Companies

November 01, 2024
SK Innovation becomes Asia-Pacific's largest energy firm after merger

SK Innovation and SK E&S, both part of South Korea’s SK Group, officially completed their merger Friday, forming the largest privately owned integrated energy company in the Asia-Pacific region, with a combined asset value of 105 trillion won (around $76.1 billion). What does the merger mean for ...
November 01, 2024
Amorepacific Q3 earnings more than double on overseas sales

South Korean cosmetics giant Amorepacific said Thursday that its third-quarter operating profits nearly doubled, driven by strong overseas sales and improved operational efficiency in the domestic market. According to a regulatory filing, Amorepacific posted revenue of 1.07 trillion won ($775 mill...
October 31, 2024
Posco International unveils new brand identity in global push

Posco International, the trading and energy arm of Posco Group, unveiled its first brand identity Thursday, presenting a new vision under the tagline, “We Find Answers Planet Wide.” The new identity reflects Posco International’s mission to seize the lead across diverse sectors, including steel...
October 31, 2024
Hyundai renews hydrogen vision with more advanced Initium SUV

Hyundai Motor on Monday introduced a concept version of Initium, a hydrogen fuel-cell sport utility vehicle, adding a new chapter to its 27-year commitment toward renewable energy solutions. “The new addition to the hydrogen-powered SUV lineup will debut next year,” said Chang Jae-hoon, presiden...
October 31, 2024
HDC sees clear progress in sustainable management

HDC Hyundai Development Company, a leading South Korean real estate developer, said Thursday it has recently seen progress in its ongoing efforts for sustainable growth. HDC recently received an “A” rating in environmental, social and governance management from the Korea ESG Standards Institute,...
October 31, 2024
HD Hyundai Oilbank to launch rice lottery

HD Hyundai Oilbank, one of the nation’s top refiners, announced Thursday that its gas and charging stations will offer customers the chance to win instant rice made from freshly harvested grains. Starting Friday, customers who spend over 40,000 won ($29) at gas stations or more than 20,000 won at...
October 31, 2024
[From the Scene] Crash-tested, fire-proofed: Mercedes shows Korea how it keeps EVs safe

Despite all this testing, Mercedes finds itself facing a challenging PR situation. The fire incident in August is still unsettling since the car had been stationary for 59 hours without any external shock. It has led many Korean consumers to question EV safety, particularly the risk of “spontaneou...
October 31, 2024
Five Guys to launch delivery service in Korea

The US burger franchise Five Guys is set to launch its first delivery service in South Korea, enabling more customers to enjoy its menu at their convenience, its Korean operator FG Korea announced Thursday. Starting Friday, the service will be available through one of the nation's biggest food del...
October 31, 2024
[Herald Interview] S. Korea sets example in forest conservation, says UN forest chief

Juliette Biao, director of the United Nations Forum on Forests Secretariat, describes South Korea’s forest policy as a global model of successful reforestation and sustainable forest management, achieved through a balance of scientific methods and community-based efforts. “Korea’s forest policy...
October 31, 2024
Touareg drives Volkswagen’s push into Korea’s premium SUV market

Travel Assist provides semi-autonomous driving support, combining adaptive cruise control and lane-keeping functions for a smoother, less tiring drive. The Proactive Occupant Protection System monitors potential accident risks and can automatically tighten seatbelts or adjust seats to better protec...
October 31, 2024
Bentley’s fastest luxury coupes arrive in Korea with hybrid power

The new Continental GTC Speed is a convertible with a soft-top roof that opens or closes in 19 seconds at speeds of up to 48 kph. The GTC Speed essentially offers the power and luxury of the GT Speed with the added pleasure of open-air driving. With the GT Speed and GTC Speed now in Korea, Bentley...
October 30, 2024
Sibling leadership made official at Shinsegae

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 of the founding family. Chung Yu-kyung, president and younger daughter of Chai...
October 30, 2024
Samsung SDI-Stellantis JV to start US production in December

Samsung SDI unveiled details on its first electric vehicle battery production in the US in partnership with Stellantis and General Motors during its third-quarter earnings announcement Wednesday. “The joint venture with Stellantis, Starplus Energy, marks Samsung SDI’s first foray into battery ce...
October 30, 2024
LG Innotek develops industry's first rare earth-free magnet

LG Innotek said Wednesday it has developed a high-performance eco-friendly magnet that eliminates the use of heavy rare earth elements. Heavy rare earth elements have been critical for magnets to retain their strength at high temperatures. However, these elements are predominantly sourced from spe...
October 30, 2024
KGC launches new ginseng brand for blood sugar care

Korea Ginseng Corp., best known for its JungKwanJang brand, said Wednesday it has launched a new red ginseng-based health functional product lineup for blood sugar management. The products, under the new brand GLPro, include GLPro Core and GLPro Double Cut. Both products incorporate KGC’s proprie...

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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