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The Korea Herald

Companies

October 30, 2024
Hanwoo Day promotion offers up to 50% off Korean beef

A nationwide promotion of "hanwoo" -- Korean beef -- begins on Wednesday, with discounts of up to 50 percent off regular prices. The promotion will be carried out in 1,948 retail outlets across Korea, including major supermarkets, NongHyup Hanaro Mart and online hanwoo markets. The promotion is le...
October 30, 2024
LG Chem ups automotive adhesives business

LG Chem, South Korea’s leading chemicals company, is ramping up its automotive adhesives business as the rising market for electronic components in vehicles is expected to fuel demand. On Wednesday, LG Chem announced it had secured a deal to supply its heat-dissipating adhesives to a US-based ele...
October 30, 2024
Busan adding longer-haul flights with Bali route to start Wednesday

Longer international flights are being added at Gimhae International Airport, starting with a new route to Bali, Indonesia, the Busan city government said Tuesday. Starting Wednesday, flights to Bali operated by Air Busan will take off four times a week from the Busan airport. This is the first r...
October 30, 2024
AmCham, KITA host seminar on doing business in US

The American Chamber of Commerce in Korea hosted a seminar on Tuesday in Seoul, partnering with the Korea International Trade Association to explore key business opportunities and challenges associated with expanding into the US market. Now in its sixth year, the annual seminar focused on providin...
October 30, 2024
[KH Explains] How LG Energy Solution’s bold bet paid off with Tesla, Mercedes deals

Cylindrical 4680 batteries, named for their 46-millimeter diameter and 80-millimeter height, are hailed as a pivotal advanced battery technology in electric vehicles due to enhanced energy storage capacity and power output. Tesla, a trailblazer in the EV industry, gained acclaim with its affordable...
October 29, 2024
Hyundai, rival carmakers urge US to delay Chinese tech ban

Global automakers, including Hyundai Motor, Toyota and General Motors, are urging the US government to delay new restrictions on Chinese-made parts used in connected vehicles. The proposed regulations, which aim to limit Chinese and Russian components in vehicles with advanced communication and au...
October 29, 2024
Hanon Systems to build 1st electric compressor plant in North America

Hanon Systems, a Korean automotive thermal management supplier, announced plans to build a new manufacturing plant for electric compressors in Ontario, Canada, on Tuesday to cope with growing demand from global automakers. The new plant will mark the company’s first North American facility to pro...
October 29, 2024
Hankook Tire uses carbon black for sustainable production

Hankook Tire announced on Tuesday that it has incorporated three types of carbon black, a byproduct of the combustion of various petroleum products, into tire production as part of its efforts to create a circular economy. Last year, Hankook Tire launched the Tire-to-Tire Circular Economy Model co...
October 29, 2024
SK Inc. to boost shareholder returns in corporate value-up

SK Inc., the holding company of South Korea's SK Group, has unveiled a three-year corporate value-up plan that includes enhanced shareholder benefits. In a plan unveiled Tuesday, the company vowed an annual dividend of about 280 billion won ($202 million), maintaining a minimum payout of 5,000 won...
October 29, 2024
Innocean hosts 2024 Partners Day for shared growth

Innocean, a South Korean marketing agency affiliated with Hyundai Motor Group, held its annual Partners Day event Tuesday. The event, which brought together around 180 executives and employees from partner firms, provided a platform for open dialogue and strategic discussions on shared growth, acc...
October 29, 2024
Posco, JSW team up to build integrated steel facility in India

South Korean steelmaker Posco Group said Tuesday it plans to establish a comprehensive steel manufacturing facility in India in partnership with Indian steel giant JSW Group. The facility will incorporate core processes -- ironmaking, steelmaking and rolling -- aiming for an annual production capa...
October 28, 2024
Why Kia’s first pickup isn't debuting in US

Kia’s first-ever pickup, the Tasman, is unlikely to debut in the US, the world’s largest pickup truck market, largely due to lower profitability amid protectionist policies there. “We do not have plans to sell the Tasman pickups in the US because of the hefty tariffs imposed on Korea-made picku...
October 28, 2024
After 3-year hiatus, JTI Korea reenters e-cigarette market

Designed with ergonomics and consumer choices in mind, the device will be available in slate gray, navy blue, black and silver. The customizable 10-color front panel and six back cover options allow users to personalize devices to suit their tastes. The Ploom X Advanced can be used with exclusive ...
October 28, 2024
Korea Zinc dispute to drag on without clear winner

The first round of the power struggle over the world’s largest zinc smelter, Korea Zinc, has wrapped up without a solid winner, the results of a tender offer launched by the company's management showed Monday. The dispute is expected to continue as both sides have failed to secure a majority stake...
October 28, 2024
[Exclusive] Thailand's No. 1 food delivery platform to set up R&D center in Korea

By Kim Hae-yeon ( hykim@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