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The Korea Herald

Industrials

August 30, 2024
Doosan scraps controversial Robotics-Bobcat merger plan

Doosan Group has officially scrapped its merger plan between Doosan Robotics and Doosan Bobcat, following shareholder opposition and regulatory pressure. However, the group still intends to move forward with its broader strategy to integrate Bobcat under Robotics in a bid to achieve synergy across ...
August 29, 2024
MG Community Credit Cooperatives upgrades HR system

South Korean mutual financial institution MG Community Credit Cooperatives said Thursday it has made efforts to improve its organizational culture by offering consulting services on labor and employment matters to its employees since last year. In the project, called MG Blue Wave, MG aims to exami...
August 29, 2024
Korean minister, AmCham head hope to deepen economic ties

Industry Minister Ahn Duk-geun called the US “the most important ally and rival” to South Korea on Thursday while introducing the government's key initiatives to bolster US-Korea trade and investment at a conference hosted by the American Chamber of Commerce in Korea. “Korea is establishing a s...
August 29, 2024
Posco unveils lightweight steel pad for vertiports

Posco said Thursday that it has introduced a lightweight steel takeoff and landing pad, specifically designed for vertiports on buildings. This new vertiport landing pad is constructed from a foam deck formed by thinly shaped steel plates, making it over 60 percent lighter than traditional landing...
August 29, 2024
Posco International receives first credit rating from S&P, Moody's

Posco International, the trading arm of Posco Group, announced Thursday that it received its first credit rating from global credit rating agencies Standard & Poor's and Moody's on Tuesday. Posco International was assigned a rating of BBB+ by S&P and Baa2 by Moody's, with both agencies providing a...
August 29, 2024
Hanwha Ocean scores Korea’s 1st US warship maintenance deal

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
August 29, 2024
GS Group establishes cultural foundation to boost art

South Korean energy, retail and construction conglomerate GS Group announced Thursday that it has officially launched the GS Cultural Foundation, a move aimed at enriching the nation's cultural and artistic landscape. Chaired by GS Group Chairman Huh Tae-soo, the board comprises prominent figures ...
August 29, 2024
LG Chem opens CS center in Ohio

LG Chem, South Korea’s leading chemicals company, announced on Thursday the official opening of its new Customer Solution Center in Ravenna, Ohio, as part of its strategy to expand its presence in North America. The 8,300-square-meter, three-story facility is designed to provide comprehensive tec...
August 29, 2024
Dong-A Pharm's eye supplement for kids releases new flavor

South Korean drugmaker Dong-A Pharmaceutical said Thursday the company launched a new flavor of eye health supplement containing perilla herb for kids -- Minimax LAB Eyes Solution. According to a study released in 2017, researchers found that Perilla frutescens reduce near point of convergence val...
August 28, 2024
Korean Air ups commitment to newer, safer airplanes

Korean Air is significantly increasing its investment in a younger, safer and more passenger-friendly fleet, reflecting the carrier's commitment to enhancing its services and providing travelers a broader range of options. According to recent Transport Ministry data, the average age of Korean Air’...
August 27, 2024
Why Korea suffers record trade deficit despite K-culture boom

According to a local duty-free industry official here, the decline in Korea's travel income can be attributed to a shift from group-oriented to individual tourism. "The rise in individual travel has led to a decrease in shopping at duty-free stores and large malls," the official explained on condi...
August 27, 2024
Westinghouse interrupts Korea's Czech nuclear deal

Korea’s multibillion-dollar deal to build nuclear plants in the Czech Republic has been put at risk with US-based Westinghouse Electric Co. filing an appeal with the Czech's antimonopoly watchdog Tuesday, challenging Korea Hydro & Nuclear Power's position as the preferred bidder. "KHNP’s APR1000...
August 27, 2024
SK Innovation, E&S to merge into W100tr energy giant

SK Innovation and SK E&S, two major energy affiliates of the country's second-largest conglomerate SK Group, received shareholders’ approval for their merger on Monday, paving the way for the launch of an integrated entity with assets over 100 trillion won ($75 billion). During the extraordinary ...
August 27, 2024
Fubon Hyundai Life solidifies foothold in Korea

Fubon Hyundai Life Insurance, the Korean unit of Taiwan's Fubon Financial Group, is making steady progress in solidifying its foothold in South Korea under the robust leadership of CEO Lee Jae-won. Establishing a presence in Korea is no easy task for a minor foreign insurer, yet Fubon Hyundai Life...
August 26, 2024
[KH Explains] Regulatory scrutiny, investor unrest heighten pressure on Doosan’s restructuring

The backlash has been loud enough to catch the attention of the Financial Supervisory Service. Lee Bok-hyun, the FSS governor, called out Doosan for what he sees as a questionable governance practice that might not adequately protect the interests of minority shareholders. Lee has even suggested th...

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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
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