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The Korea Herald

Industrials

July 16, 2024
Posco International supports SMEs for global expansion

Posco International said Tuesday that it is supporting the nation’s small- and medium-sized enterprises to expand their business abroad by offering its own networks and infrastructure around the world. As part of the shared growth initiative, a group of 11 business people visited Canada last week...
July 16, 2024
Kolmar Korea revamps leadership for North American expansion

South Korea's leading cosmetics original design manufacturer Kolmar Korea appointed Hur Yong-chul, the former China business chief, as the CEO of Kolmar Laboratories and Kolmar USA, marking its full-scale entry into the North American market. With the appointment announced Tuesday, the company aim...
July 16, 2024
Korea sees surge in social media creators earning over W100m annually: report

Amid the burgeoning community of social media platforms, including YouTube and TikTok, the number of Korean individuals earning over 100 million won ($72,300) annually from their content on these platforms increased from 2020 to 2022, according to a report released Monday. The report submitted by ...
July 16, 2024
Proptech startup DNK eyes expansion into Japan

DNK, a Seoul-based property management solution provider, formerly known as Dongnae, said Tuesday it has launched its fully redesigned property management system that enhances convenience for asset managers through centralized operational services. Currently managing over 15,000 units in the Korea...
July 15, 2024
Hyundai Steel extends global sales network for eco-friendly steel

Hyundai Steel is expanding sales bases in international markets such as Europe and America for carbon-reduced steel plates in response to the global push for carbon neutrality and the European Union's Carbon Border Adjustment Mechanism. Recently, Hyundai Steel signed a memorandum of understanding ...
July 15, 2024
SKT debuts veterinary diagnostic service in North America

SK Telecom said Monday that it has sealed partnerships in Canada and the US to expand its proprietary artificial intelligence-driven veterinary diagnostic service, X Caliber, into the North American pet market, the largest globally. Originally launched in Korea in September 2022, X Caliber execute...
July 14, 2024
[KH Explains] Here's why 'sugar-free' is not such a sweet deal

Beverages and food items labeled with "zero" -- intended to indicate they are sugar-free -- have faced criticism in Korea, as their promoted benefits often lead consumers to overconsume them, believing they contain no ingredients that could negatively impact health. In recent years, zero-labeled i...
July 14, 2024
Coupang denies speculations of buying Homeplus Express

South Korean e-commerce giant Coupang said Friday it is not considering acquiring a part of Homeplus, a supermarket chain grappling with poor performance in recent years. The announcement was made in response to local media reports suggesting that Coupang plans to acquire Homeplus Express from MBK...
July 12, 2024
GS E&C sets new vision centering on innovation, trust building

GS Engineering & Construction unveiled Friday a new vision and six core values to foster ongoing growth and enhance employee integration. GS E&C CEO Huh Yoon-hong announced the company's new slogan: "Perfecting a safer today, forging a brighter tomorrow: with transparent trust and relentless innov...
July 12, 2024
Doosan Group realigns business structure to maximize synergy

With the business reorganization, Doosan said it would seek to expand the robotics firm’s presence in North America and Europe by using Bobcat’s strong footholds in customer touchpoint, channel management and financing in the advanced markets. It added that Doosan Robotics could also leverage Bob...
July 12, 2024
Daewoo E&C launches multilingual safety videos for foreign workers

Daewoo Engineering & aConstruction said Friday that it released a set of multi-language videos to provide safety and health guidelines to foreign workers at its construction sites. The videos were created in the languages of the top 10 countries from which foreign workers are recruited, including ...
July 12, 2024
Asiana Airlines unions ramp up opposition to Korean Air merger

Unionized workers of Asiana Airlines reiterated Thursday their opposition to a merger with the nation’s largest air carrier Korean Air, expressing their intention to block further procedures by all means. Asiana Airlines' labor unions urged the air carrier's main creditor Korea Development Bank a...
July 11, 2024
Hanwha Qcells breaks ground on 267 MW solar project in Colorado

Hanwha Qcells, a division of Hanwha Solutions specializing in solar energy, has started construction on a solar power project totaling 267 megawatts in the United States. On Wednesday, Hanwha Qcells announced its partnership with the Platte River Power Authority, a US public power provider, to lau...
July 11, 2024
HD Hyundai gets green light to bid for US warship maintenance projects

HD Hyundai Heavy Industries said Thursday that it has secured the right to bid for the United States Navy's warship maintenance, repair and operations, or MRO, projects to become the first South Korean shipbuilder to do so. According to the shipbuilder, HD HHI signed the master ship repair agreeme...
July 11, 2024
McDonald’s unveils new Taste of Korea items

The Jinju Pepper Cream Cheese Burger features pepper cream cheese and pepper horseradish sauce, along with two beef patties, bacon, tomato and lettuce. This new product took one year and three months to develop, involving three processes: product concept development, consumer feedback-based evaluat...

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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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