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The Korea Herald

Companies

October 25, 2024
NCSoft changes game development to multistudio system

South Korean gaming giant NCSoft said Friday it has decided to separate three of its intellectual properties and establish an independent game development studio system. This move is part of its efforts to strengthen its global competitiveness by adopting a multistudio system. In a bold move to ac...
October 24, 2024
[From the scene] How a Mercedes plant is turning dead EV batteries into fresh materials

“The wet process enables us to recover on average 96 percent of all the input materials, far surpassing traditional methods,” said Roxana Maria Truta, Mercedes-Benz’s battery recycling process development manager. “This includes a significant boost in the efficiency of lithium extraction, which...
October 24, 2024
SK Innovation replaces heads of key subsidiaries

SK Innovation said Thursday that three of its key subsidiaries -- SK Energy, SK Geocentric and SK IE Technology -- have appointed new company heads with technological expertise to tackle business uncertainties and strengthen core competitiveness. The announcement comes eight days before the mega-m...
October 24, 2024
Hyundai Motor's Q3 profit misss estimates

Hyundai Motor Company reported 3.58 trillion won ($2.5 billion) in third-quarter operating profit Thursday, down 6.5 percent from the same quarter last year and missing the market consensus of 3.9 trillion won. The automaker explained in a conference call that a proactive warranty extension for th...
October 24, 2024
Hyundai Glovis adopts fire control system for safer EV shipping

Hyundai Glovis, Hyundai Motor Group's logistics and distribution subsidiary, said Thursday that it has equipped its automobile carriers with a fire suppression system to prevent potential incidents while delivering electric vehicles. The EV-Drill Lance system is designed to quench electric vehicle...
October 24, 2024
Why ex-Elliott activist fund is building stake in SK

London-based hedge fund Palliser Capital was recently found to have held a stake of more than 1 percent in SK Square, the investment arm of SK Group, for years, triggering speculation about another round of activist campaigns against the nation’s second-largest conglomerate. According to industry...
October 24, 2024
Doosan Enerbility to support Kazakhstan's energy modernization

Doosan Enerbility has signed an agreement with Kazakhstan’s Ministry of Energy to help modernize the country’s power infrastructure, the Korean nuclear power plant builder announced Thursday. The memorandum of understanding was formalized during a Wednesday visit by Kazakhstan’s Energy Minister...
October 23, 2024
[KH Explains] Tesla’s vague robotaxi vision may let Hyundai-Waymo narrow gap

"GM Cruise’s urgency to prove progress to investors and executives led to risky operations without human oversight, and it cost them dearly," said an official from 42dot, the self-driving mobility unit under Hyundai Motor Group. This incident highlighted the need for strong leadership and patience...
October 23, 2024
[From the Scene] S-Oil’s Shaheen project on track for 2026 completion

ULSAN -- The construction site of S-Oil’s Shaheen project at its Onsan plant in Ulsan showed little to no activity Tuesday afternoon. Although the day’s workflow had seemingly stopped due to heavy downpours in the morning, the officials from S-Oil and Hyundai Engineering & Construction said the b...
October 23, 2024
Debt-ridden Kepco raises electric bills for businesses

The state-run Korea Electric Power Corporation on Wednesday decided to raise industrial electricity rates by an average of 9.7 percent from Thursday, prompting immediate complaints among local businesses already reeling from rising costs and unfavorable foreign exchange rates. "The government and ...
October 23, 2024
Samsung SDI showcases next-gen battery lineup at mobility show

Samsung SDI said Wednesday it has showcased its battery lineup, ranging from the prismatic battery P6 to the next-generation all-solid-state battery, at the Daegu International Future Auto & Mobility Expo. The company’s all-solid-state battery for electric vehicles boasts an energy density of 900...
October 23, 2024
Gochujang heats up US as Americans seek out ‘swicy’ food

As the new trend of spicy-sweet -- "swicy" -- flavors has been gaining ground in the US restaurant scene, Korean gochujang (red chile pepper paste) is gaining popularity. According to a Tuesday report from CNBC, more Americans are seeking bold flavors, and gochujang has become one of the key ingre...
October 23, 2024
SPC invited to Macron’s exclusive dinner in Paris

South Korean bakery giant SPC Group said Wednesday that President Hur Jin-su attended a dinner banquet hosted by French President Emmanuel Macron at Elysee Palace in Paris earlier this week. He was the only Korean business leader to be invited to the exclusive event marking the 60th anniversary of ...
October 23, 2024
[Hello India] Hyundai Motor makes landmark stock debut in India

Hyundai Motor India made a monumental debut on the Indian stock market, marking the largest initial public offering in India’s history and the first overseas subsidiary of a Korean company to go public in global markets. Hyundai Motor Group Executive Chair Chung Euisun and key executives, includi...
October 23, 2024
Daewoo E&C eyes bigger footing in Indonesia

Daewoo Engineering & Construction Chairman Jung Won-ju met with former Indonesian President Joko Widodo to explore new business ventures in the country, the company said Tuesday. The meeting took place at the presidential palace, Istana Merdeka, in Jakarta on Friday -- the last day of Widodo's ter...

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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
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