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The Korea Herald

Industrials

July 26, 2024
NCSoft launches official Discord channel for Throne and Liberty

NCSoft announced Thursday that it launched an official communication channel for its massively multiplayer online role-playing game, Throne and Liberty, to help users build community. By using voice, video and text communication service Discord, players can access various updates and announcements...
July 25, 2024
Hankook & Co. invests in electrode startup for battery expansion

Korean tire giant Hankook & Co. announced Thursday a 9 billion won ($6.5 million) investment in JR Energy Solutions, a local secondary battery electrode foundry firm, in its first foray into the burgeoning EV battery market. JR Energy Solutions specializes in producing electrodes, a crucial compon...
July 25, 2024
GS Entec's 1st monopile shipped for major offshore wind project

GS Entec, a South Korean offshore wind power and marine equipment manufacturer, said Thursday it has successfully shipped its first turbine base, or monopile, from its Ulsan plant for the Yeonggwang Nakwol Offshore Wind Power Project. Located off the southwestern coast of Korea, the Yeonggwang Nak...
July 25, 2024
Samsung Biologics' H1 earnings hit W2tr for first time

Leading global contract development and manufacturing organization Samsung Biologics announced Wednesday that its earnings for the first half of this year reached an all-time high, surpassing 2 trillion won ($1.5 billion). According to its financial results for the first half of this year, the com...
July 25, 2024
Zyx Technology, Eomji House team up for interior design innovation

South Korean design software developer Zyx Technology said Wednesday that it signed a memorandum of understanding with Eomji House, an interior architecture and design firm, to foster mutual exchange and cooperation. Zyx Technology and Eomji House will collaborate on developing and refining new te...
July 24, 2024
Amorepacific tops beauty sales during Amazon Prime Day

South Korean beauty giant Amorepacific said Wednesday that several of its brands topped sales during Amazon Prime Day, the global online retailer's largest shopping event. Amazon Prime Day is an exclusive annual event for its Prime members that took place on July 16 and 17 this year. Amorepacific’...
July 24, 2024
Seomjae to debut AI-powered math program at CES 2025

Seomjae, a Seoul-based education solutions developer, is set to launch officially its AI Retrieval-Augmented Generation model-based mathematics learning program at the Consumer Electronics Show in Las Vegas next January. In preparation for the launch, Seomjae announced on Tuesday that it completed...
July 23, 2024
Bacardi teams up with The Shilla Seoul for Patron tequila summer package

Bacardi Korea has partnered with The Shilla Seoul for a luxury summer room package "Simply Perfect Vacation," featuring its premium tequila brand, Patron, the company announced Tuesday. As part of Bacardi Korea’s premium marketing strategy, the Simply Perfect Vacation package focuses on providing...
July 23, 2024
Korean Air to buy up to 50 Boeing planes for strategic fleet upgrade

Korean Air is to purchase up to 50 new widebody aircraft from Boeing in its push to enhance fleet quality and meet sustainability goals. The deal price is estimated to reach some 30 trillion won ($23 billion), according to industry sources. The company declined to confirm. The national flag carri...
July 22, 2024
Alibaba to launch B2B platform exclusively for Korean sellers

Chinese e-commerce giant Alibaba.com, owned by Alibaba Group, said Monday that it will launch an online platform to help Korean sellers expand into global online markets. The new platform, called the South Korea Pavilion, will be available starting Aug. 8 and will focus on business-to-business tra...
July 22, 2024
Goldman Sachs appoints veteran dealmaker to head Korea IB

Goldman Sachs has tapped Ahn Jae-hoon, a veteran dealmaker and a former vice president of SK Bioscience, to head its investment banking business in South Korea. The bank announced Monday that Ahn has been appointed as the head of its investment banking in Korea and co-country head. The positions h...
July 22, 2024
Korean Air's first Boeing 787-10 to take off for Tokyo

A notable feature of the new 787-10 is the Prestige Class seats, which are presented in a deep brown color -- a shift from the airline's traditional light blue. This comes with environmental efficiency as well. By using carbon composite materials instead of traditional aluminum alloys, the aircraf...
July 22, 2024
LG Innotek unveils new digital key solution for cars

LG Innotek said Monday that it has developed a more advanced digital key solution for smartphone-based vehicle control. The technology uses wireless communication to connect with smartphones, allowing users to unlock and start their vehicles without carrying a key, thus reducing the risk of key lo...
July 21, 2024
MG Non-Life Insurance fails to find new owner, again

MG Non-Life Insurance's third attempt to find a new owner has failed amid concerns over its financial stability. Samjong KPMG, the lead advisor for the insurer's sale, conducted the final bidding on Friday, but no participants showed up, according to sources in the financial sector. Local private...
July 21, 2024
Building AI data centers immediate task for Korea: SK chief

South Korea should work on establishing more artificial intelligence infrastructure to attract global tech firms, otherwise it could be in danger of AI dependence on other countries, said SK Group Chairman Chey Tae-won, who doubles as chairman of the Korea Chamber of Commerce and Industry. “Among...

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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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