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The Korea Herald

Companies

October 15, 2024
LS Electric forays into Vietnam’s smart factory solutions market

LS Electric forged a partnership with Becamex, an industrial development firm in Vietnam, in a bid to enter the booming smart factory solutions market. The companies signed a memorandum of understanding on Monday, outlining ways to advance smart factory businesses in Vietnam’s manufacturing secto...
October 15, 2024
Paris Baguette opens 600th overseas store in Canada

The Korean bakery brand Paris Baguette has opened its 600th overseas store, the newest one in Toronto, Canada, just a year after celebrating its 500th store, the brand's company SPC Group announced Tuesday. This new location marks Paris Baguette’s seventh store in Canada. Paris Baguette has been...
October 15, 2024
Hyosung chair meets Vietnamese PM in Hanoi

Hyosung Group Chairman Cho Hyun-joon met with Vietnamese Prime Minister Pham Minh Chinh in Hanoi on Monday, seeking government support for the chemical, textile and construction conglomerate’s new business ventures in Vietnam. The meeting focused on Hyosung’s ongoing investments and potential ex...
October 15, 2024
KT&G calls W2tr buyout offer ‘unilateral’

Singapore-based activist fund Flashlight Capital Partners has offered to acquire Korea Ginseng Corp., an affiliate under South Korea's dominant tobacco company KT&G, at the price of nearly 2 trillion won ($1.47 billion). KT&G called it a “unilateral” offer. Korea Ginseng Corp., under the wings o...
October 14, 2024
Korea urged to enhance readiness for self-driving safety rules

South Korea should join the global movement to set safer international standards for autonomous driving systems, according to a report released by the state-run Korea Automotive Technology Institute on Monday. Cho Min-wook, senior researcher and author of the report, stated that the International ...
October 14, 2024
Fescaro chief stresses importance of software-based operation in future mobility

By Korea Herald
October 14, 2024
Tender offer closed for Korea Zinc, signaling prolonged proxy fight

Though the tender offer bid for Korea Zinc lodged by the alliance of MBK Partners and Young Poong wrapped up on Monday, the power struggle over the world's largest zinc smelter is likely to evolve into a prolonged proxy fight, stretching out until the next shareholder's meeting. The offer for Kore...
October 14, 2024
Bibimbap price continues to go up: data

The average price of bibimbap rose above 11,000 won ($8.10) in September, despite slowing inflation in food products in recent months, government data showed Monday. According to data from the Korea Consumer Agency, a bowl of bibimbap in Seoul cost 11,038 won on average in September, up slightly f...
October 14, 2024
Oktoberfest arrives at Songnidangil BBQ Village

Oktoberfest has arrived at Songnidangil BBQ Village, bringing a taste of Bavaria to the heart of Seoul for the entire month of October. In partnership with German beer Paulaner, the Oktoberfest beer of which is served in Munich's Oktoberfest tents, Korean chicken giant BBQ Chicken is offering a sp...
October 14, 2024
Coupang completes Gwangju hub to enhance Rocket Delivery

Currently, Coupang operates two other logistics centers in Gwangju’s Pyeongdong industrial complex, dedicated to storing and delivering fresh food products, with around 650 employees. "By prioritizing the employment of the people of Gwangju, we aim to energize the local job market and actively su...
October 14, 2024
Renault, KG Mobility gain ground in midsize SUV market

In contrast, Hyundai-Kia's midsize SUV duo -- Santa Fe and Sorento -- has seen a notable decline. By September, they held just over half the market, a sharp decline of nearly 12 percentage points in just two months. For years, Hyundai-Kia has enjoyed a near-monopoly in this space, so the drop marks...
October 14, 2024
SPC Group appoints ex-Shinsegae exec as new CEO

South Korean bakery giant SPC Group announced Monday that it has nominated Executive Managing Director Lim Byung-sun as its new CEO. Lim, a business management specialist, has previously served as an executive at Shinsegae Group and its affiliates, including Shinsegae Casa and its department store...
October 14, 2024
JTI Korea takes consumer-centric strategy ahead of heated tobacco launch

Japan Tobacco Group subsidiary JTI Korea is sharpening its focus on a consumer-first approach as it prepares to launch its first heated tobacco product in Korea by year-end, part of the company’s broader strategy to foster sustainable growth amid shifting market conditions, JTI Korea said Monday. ...
October 14, 2024
[From the Scene] Kurly joins beauty retail war as new growth driver

Kurly, the South Korean e-commerce company, is ramping up efforts to expand its beauty platform Beauty Kurly as a key pillar of its business alongside its flagship overnight grocery delivery service. As part of this initiative, Kurly hosted the Beauty Kurly Festa 2024, which ran from Thursday to S...
October 13, 2024
SK heiress weds Chinese American entrepreneur

SK Chairman Chey Tae-won's second daughter Chey Min-jung, 33, tied the knot with Chinese American entrepreneur Kevin Huang in a private wedding in Seoul, where some 500 guests, including the country's top business leaders, gathered for the celebration. Amid their ongoing divorce suit, Chey Tae-won...

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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