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The Korea Herald

Industrials

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...
July 21, 2024
Brite Energy Partners scoops W100b investment from BlackRock

South Korea’s independent renewable energy producer Bright Energy Partners said Sunday that it has secured a fresh investment worth 100 billion won ($71.8 million) from its largest shareholder BlackRock. This funding, provided through BlackRock’s climate infrastructure business, is the fourth in...
July 21, 2024
Will estranged heir’s olive branch end decade-long sibling feud at Hyosung?

Earlier this month, Cho Hyun-moon, the second son of late Hyosung Group Chairman Cho Suck-rai, held a surprise press conference to announce his intention to donate his entire inheritance, worth about 100 billion won ($72 million), to a public foundation. Cho, a former Hyosung executive, has remain...
July 19, 2024
Overseas-based fashion brands flock to Korea

South Korea's fashion scene is drawing increased interest from well-known global brands, particularly those targeting young women. Several overseas-based labels, such as Alo Yoga, On, Brandy Melville and Human Made, are slated to enter Korea's market. These brands have already garnered a loyal fol...
July 19, 2024
AmCham hosts policy gathering with privacy watchdog

The American Chamber of Commerce in Korea announced Thursday that it had hosted a policy gathering with Ko Hak-soo, chairperson of the Personal Information Protection Commission, to explore strategies for privacy protection in the era of artificial intelligence. For a second consecutive year, Ko m...
July 18, 2024
Tmax Tibero’s research center recognized top R&D center by Science Ministry

Tmax Group announced Thursday that the research institute under its database management system (DBMS) specialist subsidiary, TmaxTibero, has been recognized by the Ministry of Science and ICT as the top corporate research and development center for the first half of 2024. Among 24 exemplary corpor...
July 18, 2024
[KH Explains] Doosan's merger plan fuels investor clash

The group said that the reshuffle will also allow Doosan Enerbility to concentrate more on its core energy businesses, improving its financial structure by reducing borrowings by approximately 1.2 trillion won ($870 million). The restructuring will also enhance the control of the group’s owner fa...
July 17, 2024
HD Hyundai launches research lab to innovate vessel technology

HD Hyundai Heavy Industries announced Wednesday the establishment of its naval technology research institute, aiming to tap into the future naval vessel market. The opening ceremony, held on the same day, was attended by about 50 participants, including HD Hyundai Vice Chairman Chung Ki-sun and HD...
July 16, 2024
Hanjin expands LA logistics center to boost global operations

South Korean airline-to-logistics conglomerate Hanjin Group's logistics arm Hanjin Logistics Corp. said Tuesday that it has expanded operations by expanding the size of the Los Angeles fulfillment center by 50 percent. Upon the expansion, Hanjin Logistics President and CEO Noh Sam-sug and Presiden...

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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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