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The Korea Herald

Industrials

September 24, 2024
SPC eyes foray into Eastern Europe

South Korean bakery giant SPC Group said Tuesday it hosted a conference in Prague last week to explore strategies for expanding its global business in Europe. SPC Group held the Paris Baguette Europe Conference in the Czech capital on Thursday and Friday. Chairman Hur Jin-soo and Jack F. Moran, he...
September 24, 2024
Korea Zinc’s tit-for-tat dispute with MBK escalates

The vice chairman of Korea Zinc on Tuesday strongly condemned a takeover attempt by its major shareholder Young Poong, which teamed up with private equity firm MBK Partners for the bid, calling it a “predatory action” that would lead to the outflow of homegrown technology and put the country’s i...
September 24, 2024
KITA chief discusses EU’s regulatory impact in Brussels

Korea International Trade Association Chairman and CEO Yoon Jin-sik visited Brussels this week to convey South Korean companies' concerns regarding upcoming EU environmental regulations to key European Commission and European Parliament representatives. During his visit Monday through Tuesday, Yoo...
September 23, 2024
Daewoo E&C chairman seeks community support for Czech nuclear project

The consortium, comprising six Korean companies, including Korea Hydro & Nuclear Power, Doosan Enerbility and Daewoo Engineering & Construction, as well as affiliates of the state-owned Korea Electric Power Corp., including Kepco Engineering & Construction, won the bidding in July. If the final con...
September 23, 2024
Mirae Asset named ‘Best Securities House in Korea’ by Euromoney

South Korea's largest stock brokerage company Mirae Asset Securities said Monday that it has been recognized as the "Best Securities House in South Korea" by Euromoney at the Euromoney Securities Houses Awards 2024. The accolade follows Mirae Asset Group Chairman Park Hyeon-joo being named Interna...
September 23, 2024
Yanolja Cloud appoints accounting specialist as new CFO

Yanolja Cloud, a South Korean provider of AI-based Software as a Service solutions, announced on Monday the appointment of Moon Byung-deok as its new chief financial officer. Moon, a seasoned financial expert, previously offered accounting audit and financial advice to both domestic and overseas c...
September 23, 2024
Korean snack exports expected to hit record high in 2024

South Korean snack exports will likely hit a record high of $700 million this year, riding the wave of popularity of Korean culture and food overseas. From January to August, exports of Korean snacks were tallied at $494.2 million, marking a 15.4 percent increase compared to the same period last y...
September 22, 2024
Eximbank joins hands with Czech state funds

The Seoul-headquartered, state-run Export-Import Bank of Korea said Sunday it has teamed up with Czech state financial institutions in an effort to help Korean companies expand business on Czech soil and beyond. Eximbank Chairman and CEO Yoon Hee-sung and Korea Trade Insurance Corp. Chairman Jang ...
September 22, 2024
HD Hyundai Marine Solution secures $37m LNG carrier system order from Middle East

HD Hyundai Marine Solution, the ship maintenance unit of HD Hyundai, said Sunday that it has signed a contract with a Middle Eastern shipping company to supply shaft generator systems worth $37 million for 17 LNG carriers. The systems will be delivered sequentially until 2028. The shaft generator ...
September 20, 2024
[Exclusive] [Herald Interview] MBK incapable of running Korea Zinc’s Australia business: Aussie renewable energy CEO

The envisioned takeover of Korea Zinc would wreak havoc on its business in Australia because the demands on private equity firms like prospective buyer MBK Partners are incompatible with the long-term requirements of the industry, according to the chief of Ark Energy, Korea Zinc's Australian renewa...
September 20, 2024
Hanwha Ocean unveils zero-emission LNG carrier for greener shipping

Leading Korean shipbuilding and offshore company Hanwha Ocean unveiled its next-generation zero-emission liquefied natural gas carrier, Ocean 1, at Gastech 2024 in a move to spearhead sustainable maritime innovation. The company announced Friday that Ocean 1 was showcased at the conference held in...
September 20, 2024
LIG Nex1 clinches W3.7tr deal to export missile defense system to Iraq

South Korea’s defense firm LIG Nex1 said Friday it has signed a 3.7 trillion won ($2.78 billion) deal with Iraq’s defense ministry to export its medium-range surface-to-air missile defense system Cheongung-II. This is the third export contract worth over 1 trillion won that LIG Nex1 has clinched...
September 19, 2024
MBK defends Korea Zinc bid, refutes Chinese capital accusation

Seoul-based private equity house MBK Partners said Thursday it hopes Korea Zinc will be acquired by a Korean conglomerate, not a Chinese one, if its buyout attempt of the world’s biggest zinc refiner turns out to be a successful venture. “MBK Partners is not a foreign fund. We do not have any pl...
September 19, 2024
GS Caltex supplies eco-friendly fuel to Japan’s Narita Airport

South Korean oil refiner GS Caltex said Thursday that it has supplied some 5,000 kiloliters of sustainable aviation fuel to Japan’s Narita International Airport, as part of its efforts to expand its carbon reduction business. The fuel was produced by GS Caltex by blending conventional aviation fu...
September 19, 2024
Hyundai Glovis to gain momentum as global car carrier shortage persists

Hyundai Glovis, South Korea's sole provider of pure car and truck carriers, is expected to increase its global presence as charter rates for automobile-carrying vessels continue to remain high due to a persistent shortage of ships in the global maritime transportation market. According to data fro...

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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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