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The Korea Herald

Companies

October 28, 2024
LG Energy Solution to cut down investment next year

LG Energy Solution will tighten its belt next year to cope with uncertain market conditions due to the slowing growth of the electric vehicle sector, the Korean battery maker said Monday as it announced its third-quarter earnings. The company posted 6.88 trillion won ($4.97 billion) in sales in th...
October 28, 2024
[Herald Interivew] Mercedes stands by Farasis batteries in EV fire scrutiny

The battery fire incident has heightened concerns among Korean consumers, the fourth-largest market for Mercedes-Benz globally in terms of sales volume. Accompanying Korean reporters during the Stuttgart media roundtable, Mathias Vaitl, CEO of Mercedes-Benz Korea, acknowledged the consumer unease a...
October 28, 2024
Mercedes-Benz raises Drive Pilot speed limit

Mercedes-Benz announced Monday that it is upgrading its automated driving system, Drive Pilot, allowing it to operate at speeds of up to 95 kilometers per hour on German motorways. The upgrade is expected to be available in early 2025, following this year’s anticipated approval from Germany’s Fed...
October 28, 2024
Posco earns top marks for shared growth with SMEs

South Korean steel giant Posco Group said Monday that it has received the highest grade in the 2023 Shared Growth Index Evaluation for five consecutive years. Earlier this month, the 80th Korea Commission for Corporate Partnership released the win-win index for 218 large-sized companies. The index...
October 27, 2024
SK chief assumes leadership of APEC CEO Summit

SK Group Chairman Chey Tae-won, who doubles as chair of the Korea Chamber of Commerce and Industry, will preside over the Asia-Pacific Economic Cooperation Summit, the largest gathering of business leaders in the region which is to be held next year in Korea, the business lobby said Sunday, upon th...
October 27, 2024
[From the scene] KGC's ginseng harvest season in full swing

The product has also hit the shelves of major retailers in the US, China, Japan, Southeast Asia and Europe, and it has become a popular pick for tourists at duty-free shops here. “Foreign consumers offer positive reviews, citing red ginseng’s all-natural, caffeine-free and gluten-free qualities,...
October 27, 2024
Hanwha, HD Hyundai vie for Poland’s $2.7b submarine program

Szubrycht also visited Hanwha Ocean’s Geoje shipyard in South Gyeongsang Province on the previous day, inspecting the shipbuilder’s submarine-building site, technological education center and research and development facilities. Hanwha Ocean officials explained plans to train submarine crew memb...
October 27, 2024
Posco completes Argentina’s first lithium hydroxide plant

Posco Holdings announced Sunday it has completed the first phase of its lithium hydroxide plant in Argentina, a key step in securing a stable supply of the key material for electric vehicle batteries. Located in Guemes, Argentina, the plant will produce 25,000 tons of lithium hydroxide annually, s...
October 27, 2024
Lulumedic explores digital health collaboration with Russia

Lulumedic, a leading South Korean health care IT company, met with Alexey Sapetko, the Russian Trade Representative in Korea, to discuss promising opportunities for collaboration in digital health, the company said Thursday. The discussion focused on the growing interest among Russian patients in ...
October 27, 2024
Shinhan Financial net profit up nearly 4% in Q3

Shinhan Financial Group, one of the country's top financial providers, posted lower-than-expected earnings for the July-September quarter, hit by the derivative fiasco from its brokerage arm. The financial group announced Friday that its net profit for the third quarter recorded 1.23 trillion won ...
October 27, 2024
Woori Financial’s cumulative Q3 earnings increases by 9.1% on-year

Woori Financial Group announced Friday its cumulative net profit stood at 2.65 trillion won ($1.9 billion), marking a 9.1 percent surge from the same period last year. The figure surpasses last year’s yearly earnings of 2.5 trillion won. The financial service provider posted 903 billion won net i...
October 27, 2024
[From the Scene] How robotics reflect shift in S. Korea's food industry

Kyochon’s robot cooks are controlled through a Wi-Fi-connected tablet, allowing operators to select cooking times based on specific recipes. The robots handle various tasks such as frying, shaking off excess oil and transferring the cooked chicken to trays. "Previously, there were times we’d forg...
October 27, 2024
Kia logs record-high operating profit for 3Q

Hyundai Motor Group’s smaller affiliate Kia said Friday that it has posted 2.9 trillion won ($2.1 billion) in operating profit, marking the highest ever for a third quarter, despite mounting challenges in the automotive industry. The carmaker’s profit increased 0.6 percent from the same period l...
October 25, 2024
Hanwha Ocean strengthens partnership with US Navy

Hanwha Group is seeking further cooperation with the US Navy, to build on ongoing projects. The group said on Friday that Hanwha Group Vice-president Kim Dong-kwan and US Pacific Fleet Cmdr. Admiral Stephen Koehler met at Hanwha Ocean’s Geoje site on the previous day and discussed ways for furthe...
October 25, 2024
Soccer legends impress fans at 2024 Nexon Icons Match

More than 4 million fans gathered to watch a match featuring legendary soccer players hosted by Nexon, the game developer that published the FIFA Online series, the firm said Friday. For the Nexon Icons Match event, held at Seoul World Cup Stadium from Oct. 19-20, players were split into two teams...

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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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