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The Korea Herald

Companies

November 18, 2024
Hyundai Rotem to supply armored vehicles to Peru

Hyundai Rotem, South Korea’s sole tank manufacturer, announced Monday that it has signed a comprehensive cooperation agreement with Peru to advance plans for exporting armored vehicles to the country. The agreement, signed Saturday between Hyundai Rotem President Lee Yong-bae and Jorge Zapata, CE...
November 18, 2024
Health care joins energy as key focus in Korea-Mongolia ties

The forum’s importance was further underscored by a congratulatory message from Ban Ki-moon, former UN Secretary-General. Ban applauded the forum’s expansion into health care and resource collaboration. “This kind of cooperation is exactly what we need to address global challenges like energy se...
November 18, 2024
Korea, Mongolia target clean energy, health care in deeper collaboration efforts

Luvsan Khurelbaatar, chairman of Mongolia’s Monos Group, shared details about the Silk Road Project, a long-term initiative in partnership with Korea’s Daegu Haany University. The project aims to enhance medical education, research, and production in Mongolia, with a particular focus on tradition...
November 18, 2024
[Herald Interview] Busan mayor envisions city as Korea’s southern hub for balanced growth

Busan Mayor Park Heong-joon has called for a shift in South Korea’s development model, warning that the overconcentration of resources in the Seoul metropolitan area has created a national crisis. “The imbalance caused by unipolarity in the Seoul area is deepening South Korea’s critical challeng...
November 18, 2024
[From the Scene] Climate change threatens Jeju's mandarin orange business

Despite these efforts, local officials acknowledge the challenges posed by erratic weather patterns, including decreased fruit size and delayed coloring. Meanwhile, subtropical crops are emerging as a potential alternative as Jeju’s climate grows warmer. The Agricultural Research Institute for Cl...
November 18, 2024
HD Hyundai to step up cooperation with SIMA Peru

HD Hyundai Heavy Industries announced Monday that it signed a memorandum of understanding with state-operated shipyard SIMA Peru in Lima, Peru, last week to jointly develop submarines as part of the Peruvian Navy’s vessel replacement project. Through the partnership, HD Hyundai and SIMA will make...
November 18, 2024
Naver, Saudi’s National Housing Co. to set up JV

Korean internet giant Naver said Monday that it has agreed to establish a joint venture with Saudi Arabia’s state-owned real estate development and investment company to operate and commercialize digital twin platforms in the 17th largest economy in the world. Naver and National Housing Company s...
November 18, 2024
LG Chem promotes fair trade practices

LG Chem is ramping up efforts to strengthen ties with partner companies through a series of new initiatives to promote sustainable development across its supply chain, the firm said Sunday. The South Korean chemicals giant outlined five key strategies under its “Shared Growth Solutions” framewor...
November 17, 2024
Hana Financial chief vows to boost corporate value in Hong Kong

Hana Financial Group's chief pitched the banking group's strategies to elevate its corporate value to overseas investors at an investor relations event in Hong Kong. Along with the chiefs of other top financial service providers in the country, Hana Financial Chairman Ham Young-joo attended the “...
November 17, 2024
[Herald Interview] There’s no wrong way to enjoy bourbon: Jefferson's founder

By collaborating with Seoul's renowned whiskey venues like Sound Planet, V-Lounge, Pussyfoot Saloon and 232, Jefferson has strategically positioned itself among bourbon enthusiasts. Jefferson’s approach to the Korean market involves pairing its bourbon with local culinary traditions, a concept Zo...
November 17, 2024
Kia scales back on EV9 in US amid tightened IRA rules

Hyundai Motor Group affiliate Kia is reportedly scaling back US production of its ambitious EV9, a large all-electric sport utility vehicle, due to stricter Inflation Reduction Act regulations. According to industry sources Sunday, Hyundai Motor Group’s manufacturing facility in Georgia, which be...
November 17, 2024
Daewoo E&C makes strides in Central Asia, global urban development

Leveraging its experience in the Starlake City project, Daewoo E&C has crafted an integrated development model for Kien Giang, blending residential, commercial, educational, green and cultural elements into a cohesive urban plan. Looking ahead, the company is exploring opportunities in Indonesia, I...
November 15, 2024
ZYX Technology inks partnership with Chonnam University to nurture tech talent

South Korean design software developer Zyx Technology announced Friday that it has signed a memorandum of understanding with Chonnam National University, aiming to foster tech talent and strengthen collaboration. Under the agreement, the company said it will provide academic support, including fre...
November 15, 2024
Hanjin eyes bigger footing in the US fulfillment services market

According to the company, exports of Korean cosmetic products to the US jumped 61 percent on-year in 2024, from $540.3 million to $870.3 million. Food exports also increased by 17 percent, from $630 million in 2023 to $736.8 million this year. "Fulfillment services are crucial in the US market, es...
November 15, 2024
Hyundai Motor appoints 1st foreign CEO

Hyundai Motor Group appointed Jose Munoz, global chief operating officer at Hyundai Motor Co., as the next CEO of the auto brand on Friday, marking the conglomerate’s first-ever appointment of a foreign leader. The appointment is to take effect on Jan. 1. Munoz, a native of Spain and a US citizen...

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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