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The Korea Herald

Companies

November 05, 2024
Kia’s new Sportage gets all-around upgrade

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
November 05, 2024
Q3 sees mixed fortunes for Korean tire makers amid higher shipping costs

Looking ahead, all three companies are planning to expand their overseas production to mitigate these logistical costs. Hankook is expanding its plant in Tennessee, as well as its facility in Hungary, which serves the European market. Kumho is ramping up production at its plant in Vietnam, aiming t...
November 04, 2024
Hyosung hits W1tr in power equipment orders in Europe

Hyosung Heavy Industries said Monday it has signed a contract with Denmark's leading offshore wind company, Orsted, to supply high-voltage electrical equipment, further strengthening its presence in the European transformer market. Under this agreement, Hyosung will deliver 400 kilovolts of high-v...
November 04, 2024
‘Free delivery’ promotions under antitrust scrutiny

South Korea’s antitrust regulator has opened an investigation into “free delivery” promotions widely used by food ordering and delivery platforms here, according to industry sources on Monday. The Fair Trade Commission will look into whether delivery services have been offered actually free of ...
November 04, 2024
SK On reports first-ever profit in Q3

SK On, SK Innovation’s battery subsidiary, reported its first-ever quarterly profits in the third quarter of this year after years of operating losses since it spin off in 2021. During its earnings conference call on Monday, the battery maker reported an operating profit of 2.4 billion won ($1.8 ...
November 04, 2024
SK Eternix secures W461b funding for fuel cell projects

South Korean energy company SK Eternix announced Monday that it has partnered with Charmvit Group and KDB Infrastructure Asset Management to fund high-efficiency solid oxide fuel cell power plant projects. Late last month, SK Eternix signed an agreement with multiple financial investors to secure ...
November 04, 2024
SPC shares business know-how with Mongolian delegation

South Korean bakery giant SPC Group said Monday that it has shared its overseas business know-how and advanced baking techniques with a delegation of Mongolian government and business officials during their stay in Seoul. The delegation of some 10 people visited SPC’s premium bakery cafe, Passion...
November 04, 2024
[From the Scene] A rare glimpse into Mercedes' data-driven battery assembly

“Helium is expensive, but it’s the best option for this type of test,” Frosch said. The result of this rigorous testing? Less than 1 percent of batteries produced here have any detectable defect, according to Mercedes-Benz. Once the batteries pass their final inspections, they’re serialized an...
November 03, 2024
[From the Scene] Gumi, home to Nongshim’s largest factory, rebrands itself as ‘city of ramyeon'

By Hwang Joo-young ( flylikekite@heraldcorp.com )
November 03, 2024
ShinWon launches R&D center in New York

South Korean fashion company ShinWon announced Sunday that it has launched an R&D Design Center in New York, to strengthen its presence in global markets. Currently, ShinWon operates seven manufacturing subsidiaries in Guatemala, Nicaragua, Vietnam and Indonesia, all known for their expertise in k...
November 03, 2024
Korean startups seek global talent through D.Camp’s new internship initiative

Playtag, which develops AI-based behavior analysis tools for early childhood education, also shared its plans for international growth and the role interns could play in it. With an existing customer base in Korea and early trials set to launch in the US and Southeast Asia next year, Playtag is sea...
November 03, 2024
Korean battery makers brace for impact of US election

With the US presidential election just around the corner, Korean battery companies are bracing for change as the result could have significant effects on the industry, particularly if Republican candidate Donald Trump wins. Korea’s leading battery producers -- LG Energy Solution, Samsung SDI and ...
November 03, 2024
Hyosung vice chairman takes helm of 2025 APEC business council

HS Hyosung Vice Chairman Cho Hyun-sang has officially begun his role as the member and incoming chair of the APEC Business Advisory Council (ABAC) for 2025, Hyosung Group announced on Friday. Appointed the ABAC chair in August this year, Cho recently met with Foreign Minister Cho Tae-yul and Secon...
November 03, 2024
[Herald Interview] Lufthansa bets big on Korea’s growing cultural influence in Europe

Celebrating 40 years of direct flights between Korea and Germany, Lufthansa Group is intensifying its focus on Korea with tech-driven travel solutions and sustainability efforts. Earlier this year, the group launched direct services from Seoul to Zurich with SWISS and is continuing to explore oppor...
November 01, 2024
Korea’s instant ramyeon exports cross $1b milestone

“K-ramyeon is no longer a passing fad. It has become ingrained in the daily lives of people worldwide. The government is committed to collaborating as a unified 'one team' with companies to bolster product development, localization, customs clearance, and promotional efforts in partnership with lo...

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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

FAMILY SITE GO

Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099