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The Korea Herald

Industrials

August 26, 2024
HD Hydrogen acquires fuel cell company Convion

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
August 26, 2024
Mastern to seek opportunities in US tech hubs

Mastern America, the US arm of Mastern Investment Management, said Monday it had signed a memorandum of understanding with US real estate investor Woods Capital to attract investment for tech hub projects across the US. In October 2023, the US Economic Development Administration designated 31 regi...
August 26, 2024
Tajikistan holds cultural day to share heritage with Korea

The Embassy of Tajikistan in South Korea announced Monday that it hosted a special event dedicated to celebrating Tajikistan Cultural Day, while strengthening cultural exchanges between the two nations. The event also marked the publication of the Korean edition of "Tajiks in the Mirror of History...
August 25, 2024
[Test Drive] Audi's A7 PHEV, an all-around beauty

The popularity of hybrid vehicles has been gaining steam in South Korea as the country is still in an early phase of adapting electric vehicles. Audi’s A7 55 TFSI e quattro Premium, an upgraded plug-in hybrid vehicle, offers an ideal choice for drivers seeking comfortable city driving on electrici...
August 25, 2024
Chaebol leaders to join Yoon's state visit to Czech Republic

South Korea’s top chaebol leaders are set to join President Yoon Suk Yeol on his state visit to the Czech Republic next month, according to industry sources Sunday. Yoon’s Czech visit comes after a Korean consortium, led by Korea Hydro and Nuclear Power, was recently named a preferred bidder for...
August 25, 2024
Hyundai Steel's low-emission plate push gains momentum

Hyundai Steel, Korea’s second-largest steelmaker, is moving to target the global low-emission steel market amid increasing demand from carmakers moving toward net zero emissions. Hyundai Steel recently signed a memorandum of understanding to supply low-emission steel plates to Tawesco, a leading ...
August 23, 2024
Hanwha Aerospace opens 1st overseas plant in Australia

Hanwha Aerospace announced Friday that it has completed the construction of the Hanwha Armored Vehicle Centre of Excellence, or H-ACE in Geelong, Australia, signifying the first overseas production foothold for a Korean defense company. “This facility represents Hanwha's commitment to Geelong, Vi...
August 22, 2024
SK chief, partner ordered to pay W2b to estranged wife

A Seoul court on Thursday ordered SK Group Chairman Chey Tae-won and his live-in partner to pay 2 billion won ($1.50 million) in alimony to his estranged wife and the director of Art Center Nabi, Roh Soh-yeong. The Seoul Family Court ordered in a lawsuit seeking damage, filed by Roh against Chey’...
August 22, 2024
Coway outpaces rivals in filter technology

Korean home appliance-maker Coway has retained its No. 1 position in the nation’s water purifier market for almost three decades with its unrivaled filter technology. “Since the very beginning of our water purifier business, we have put intensive effort into enhancing the quality of water filter...
August 22, 2024
Hana empowers aspiring women leaders

Hana Financial Group is spearheading female empowerment with its program designed to unlock the potential of women's talents and to nurture them as leaders shaping the future of the group. The financial conglomerate, with subsidiaries of a retail bank, credit card and insurance firms, among others...
August 21, 2024
LG Innotek taps global talent to spur growth

LG Innotek, the advanced materials and components maker affiliated with LG Group, is speeding up efforts to recruit outstanding international students to enhance its global competitiveness. According to the company on Wednesday, a total of 31 international students either from foreign or Korean un...
August 20, 2024
SK in talks to sell specialty gas unit

SK Group, the country's chip-to-energy conglomerate, is considering the sale of its gas supplier SK Specialty, amid the massive reshuffle across its affiliates to focus on future growth drivers. The company is "considering diverse strategies, including the sale of a stake in SK specialty" but "not...
August 20, 2024
Nexon founder's family sells W650b stakes to settle tax burden

The family of Nexon's late founder, Kim Jung-ju, has sold a significant portion of their shares in the company's holding firm, NXC, to help cover the hefty inheritance taxes following his death. On Monday, NXC announced it had bought back shares from Kim’s widow, Yoo Jeong-hyun, who chairs NXC’s...
August 20, 2024
LG Energy Solution targets 2028 for full rollout of cost-saving dry electrode process

LG Energy Solution said Tuesday that it is on track to complete a pilot line for its advanced dry electrode process at its Ochang Energy Plant by the end of this year, with the goal of scaling to full production by 2028. The dry electrode process is a cutting-edge method of making batteries that c...
August 20, 2024
Daewoo E&C builds good management-labor relationship

Daewoo Engineering & Construction and its labor union have joined hands in the effort to create positive, amicable workplace culture for all workers and break through market challenges together. According to the South Korean builder on Tuesday, the management and union reached an agreement earlier...

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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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