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The Korea Herald

Industrials

October 02, 2024
Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO

Celebrity entrepreneur and chef Paik Jong-won’s yearslong effort to list his food franchise firm Theborn Korea on the country’s main bourse has cleared its first hurdle, yet challenges remain as the fate of the company heavily depends on his fame. Supported by a strong brand lineup and the risin...
September 30, 2024
Hahn & Co. to acquire SK Specialty for W4tr

Hahn & Co., a major private equity firm based in Korea, is set to acquire SK Specialty, a gas supplier under the country's chip-to-energy conglomerate, SK Group, for an estimated 4 trillion won ($3.05 billion). SK Inc., the holdings company of the group, announced through a regulatory filing on Mo...
September 30, 2024
Samsung Town sold for W1.1tr to offset market concerns

Koramco REITs Management & Trust, a real estate asset manager based in Seoul, has completed the sale of a landmark property to Samsung SRA Asset Management for 1.1 trillion won ($841 million), marking South Korea's largest commercial real estate deal this year. The Asset is an 81,117-square-meter ...
September 30, 2024
Incheon Airport to replace Narita as Delta Air Lines’ Asian hub

ATLANTA – Incheon International Airport has been named the new Asian hub of Delta Air Lines, replacing Japan’s Narita Airport. Incheon International Airport Corporation announced on Monday that it will collaborate with Delta to expand the Asia-Pacific network, alongside the upcoming launch of th...
September 30, 2024
Seri Pak & Annika Invitational Asia to be held at Serenity resort

Serenity Golf and Resort said Monday that it will serve as a venue for the second annual junior golf tournament, Seri Pak & Annika Invitational Asia, in Cheongju, North Chungcheong Province, from Oct.1 to 3. Aiming to nurture young talent, the event is jointly organized by the Seri Pak Hope Founda...
September 30, 2024
Air mobility leaders to convene in Dubai next week

As Dubai, the host city, has been under the limelight to become one of the main areas for the launch of electric vertical take-off and landing, or eVTOL, air taxis in the near future, the final day of the event will be focused on the Airtaxi Market Showcase, a new element of the ATWC that will demo...
September 29, 2024
[Herald Interview] Korea, Chile eye two-way benefits in green energy

With a renewed push toward a leading green energy supplier with its vast energy resources, Chilean government officials urged South Korea, which shares similar goals in reducing dependence on fossil fuels, to expand investments to Chile and boost strategic partnerships. “The challenge today for C...
September 29, 2024
LG Energy Solution seeks top talent at battery event

LG Energy Solution continues to put efforts into gathering top battery talents as the company looks for future leaders in the industry by hosting recruitment events. According to the battery maker Sunday, it held a Battery Tech Conference, or BTC, the company’s annual offline recruitment event, a...
September 29, 2024
SK On offers voluntary retirement amid losses

SK On, the battery manufacturing subsidiary of SK Group, has announced the launch of a voluntary retirement program as part of its efforts to enhance workforce efficiency and to turn a profit by the end of this year. In a statement released Thursday, SK On outlined two key initiatives: a special l...
September 29, 2024
Delta Air Lines to launch new Incheon-Salt Lake City route in June next year

ATLANTA – Delta Air Lines is launching a new route between Incheon and Salt Lake City in June next year to become the only route connecting Asia and the US city. While flight schedules and operating hours are yet to be finalized, the new route is set to operate seven times a week. During a press ...
September 29, 2024
AmCham reaffirms Korea-US partnership in Washington

The American Chamber of Commerce in Korea said Friday it has completed the five-day business trip to Washington DC held earlier this month, reasserting Korea-US economic partnership. The AmCham delegation comprising senior executives from key member companies, such as LG Energy Solution and Posco ...
September 27, 2024
GS, LlamaIndex host seminar on AI innovation

South Korean energy, retail and construction giant GS Group said Friday it hosted its GenAI Connect Day workshop at its Yeoksam headquarters to share global trends in artificial intelligence. The event was jointly organized with LlamaIndex, a San Francisco-based company specializing in AI services...
September 27, 2024
Young Poong says no better offer for Korea Zinc

Amid the intensified dispute over the management of Korea Zinc, the world’s largest zinc smelter, a Young Poong executive stressed Friday that the company was placed in a “desperate” position as its decadeslong partnership with Korea Zinc fell through. “Young Poong was desperate enough to give...
September 27, 2024
LG Energy Solution wins battery quality award in China, beating CATL, BYD

LG Energy Solution has been recognized in China for delivering the most high-quality electric vehicle batteries by the 2024 China Automotive Quality Research Awards, surpassing local manufacturers CATL and BYD in this category. The award ceremony, held in Beijing on Tuesday, was organized by Chine...
September 27, 2024
Posco Future M, GM push back timeline for Canadian battery materials plant

Posco Future M and General Motors have pushed back the completion of their cathode material plant in Canada, which is part of their joint venture, Ultium CAM. Originally scheduled to be finished by the end of this month, the plant’s completion has now been delayed to a yet-to-be-determined date. ...

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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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