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The Korea Herald

Industrials

December 03, 2024
7 in 10 Korean firms say no investment plans next year

Seven out of 10 Korean conglomerates do not have or have not yet established investment plans for next year due to increasing uncertainty such as expanding geopolitical risks and heightened trade protectionism, a survey by a leading business lobbying group showed on Tuesday. The Federation of Kore...
December 03, 2024
LG Energy Solution mulls acquiring GM’s stake in joint battery plant in Michigan

LG Energy Solution announced Tuesday that it is considering acquiring General Motors’ stake in their joint venture battery plant in Michigan. “LG Energy Solution is reviewing the acquisition of the Ultium Cells plant 3 in Lansing to improve investment and operational efficiency and maximize oper...
December 03, 2024
Koramco, BGO join bidding for GIC's Seoul Finance Center

At least three asset management firms joined the race to purchase the Seoul Finance Center, a landmark office building in central Seoul, in a deal that could be worth up to 1.5 trillion won ($1.07 billion). Singaporean sovereign wealth fund GIC opened bids for the sale of the 30-story building wit...
December 03, 2024
Kolmar vows to support global growth of K-beauty brands

Kolmar Korea Vice Chairman Yoon Sang-hyun on Tuesday reaffirmed his company’s dedication to becoming a trusted global partner in the beauty market during a visit by the nation's food and drug safety chief to the company's research complex in Seoul. “We will continue to strengthen our partnership...
December 03, 2024
Luxury Christmas cakes stir mixed reactions over steep prices

By Hwang Joo-young ( flylikekite@heraldcorp.com )
December 03, 2024
AmCham hosts seminar on 'K-healthcare' strategies

The American Chamber of Commerce in Korea hosted a seminar in Seoul on Tuesday to discuss strategies for creating a patient-centered health care ecosystem and fostering medical innovation between Korea and the US. Now in its 15th year, the annual seminar brought together over 150 participants, inc...
December 02, 2024
Foster Bridge brings global startup accelerators to Seoul

Global players in startup investment and innovation gathered in Seoul on Monday to drive cross-border collaboration and nurture startups in Asia. The inaugural Foster Bridge summit -- co-hosted by Premier Plan, The Garrison, BOWL International and Sugarful Studio -- began its two-day run at Seoul ...
December 02, 2024
Samsung Biologics launches charity program to support children

Samsung Biologics has introduced a new charity program designed to assist children in need, in cooperation with neighboring restaurants and retail stores, as part of its ongoing efforts to enhance corporate social responsibility. According to the company, the launch ceremony took place Monday at t...
December 02, 2024
Hyundai Hillstate Deungchon starts sales of apartments

Hyundai Engineering & Construction said Monday it has recently opened a showroom for Hillstate Deungchon in Gangseo-gu, Seoul, to start the housing subscription process. Hillstate Deungchon features 12 15-story buildings with five basement floors, accommodating a total of 543 households. Of these,...
December 02, 2024
Weave Living to launch flagship serviced apartments in Seoul

Rental accommodation provider Weave Living said last Thursday it is launching its flagship property “Weave Suites – Sunyu Parkside” in Seoul to attract both locals and expats here with premium serviced apartments. Established in 2017, Weave Living currently operates about 3,000 rental units acr...
December 02, 2024
Hyundai Rotem wins $60m defense contract in Peru

South Korea's sole tank maker Hyundai Rotem said Monday that it has delivered its K808 White Tiger wheeled armored personnel carriers to Peru in a $60 million deal, marking the entrance of Korea-made armored vehicles into the Latin American market. The contract was commissioned by the Peruvian Arm...
December 01, 2024
FSS chief intensifies probe into Young Poong for accounting flaws

South Korea’s top financial regulator is intensifying its investigation into Young Poong amid growing concerns over the company’s environmental violations and potential improper collusion with private equity firm MBK Partners, as tensions rise in its continuing dispute with Korea Zinc. Lee Bok-h...
December 01, 2024
Korea’s advanced nuclear technologies to take center stage at NES 2024

In aims to showcase South Korea's advanced nuclear power technologies and their potential to address global energy and climate challenges, the Global Nuclear Energy & Safety Confex 2024 will take place from Tuesday to Thursday at the Gyeongju Hwabaek International Convention Center in Gyeongju, Nor...
November 29, 2024
Morocco promises robust incentives for Korean businesses

By Hwang Joo-young ( flylikekite@heraldcorp.com )
November 29, 2024
Posco Group builds 2nd lithium hydroxide plant in Korea

South Korean steel giant Posco Group said Friday it has completed the construction of the second lithium hydroxide plant in Korea, which will drive up domestic production of this key material used in secondary batteries. The new facility, operated by Posco Pilbara Lithium Solutions, a joint ventur...

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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