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The Korea Herald

Industrials

July 04, 2024
Daewoo E&C chairman meets Vienamese PM

Daewoo Engineering & Construction Chairman Jung Won-ju met with Vietnam’s Prime Minister Pham Minh Chinh in Seoul to discuss future cooperation in construction projects in Vietnam, the company said Thursday. During the meeting held at Lotte Hotel in central Seoul on Wednesday, Jung sought the Vie...
July 04, 2024
Starbucks Korea launches campaign to celebrate 25th anniversary

Starbucks Korea is launching the Festival for All promotional event to celebrate the 25th anniversary of its operations in the nation, the coffee giant announced Thursday. This seven-day event kicks off Friday and features new food and beverage products from overseas branches. For beverages, the ...
July 04, 2024
Lotte Biologics breaks ground for first plant in Songdo

South Korean contract development and manufacturing organization Lotte Biologics CEO Richard Lee said Wednesday that the company aims to hit 1.5 trillion won ($1.07 billion) in sales by 2030 to become one of the world's top 10 CDMOs. The announcement came during a groundbreaking ceremony for the c...
July 03, 2024
GS launches AI-driven hackathon to spur DX innovation

During the event, participants discussed a wide range of ideas, from improving work process efficiency with AI to enhancing customer experiences at convenience stores, gas stations and construction sites, as well as ideas unrelated to work -- all observed during their work environments and everyday...
July 03, 2024
Krafton to attend Gamescom 2024 next month

South Korean game publisher Krafton said Wednesday that it is attending the upcoming Gamescom, Europe’s largest gaming trade show, which kicks off on Aug. 21 and runs through Aug. 25 in Cologne, Germany. The company launched an official Gamescom landing page on its official website on the day and...
July 03, 2024
Posco chief vows W200tr market cap by 2030

Posco Group Chairman Chang In-hwa announced that the group plans to integrate advanced materials into its core operations, alongside steelmaking and secondary battery materials, aiming to double sales to 5 trillion won ($3.6 billion) by 2030. "Let’s restore our core competitiveness and trust acro...
July 02, 2024
Cyber attacks using generative AI on rise: SK Shieldus

Cyberattacks using generative artificial intelligence, or targeting the weak points of the new technology are on the rise, SK Shieldus, a leading security service company in Korea said on Tuesday. In a media seminar, SK Shieldus and EQST, the company's white-hat hackers group, presented its findin...
July 02, 2024
KITA opens Dallas center to boost business ties with US

The Korea International Trade Association announced Tuesday the opening of its new US office in Dallas, Texas. The opening event held on Monday was attended by 50 dignitaries and representatives from both governments and related businesses, including KITA Chairman Yoon Jin-sik, Texas Secretary of ...
July 01, 2024
Celltrion's Stelara biosimilar recommended for EU approval

Celltrion said Monday that CT-P43, its ustekinumab biosimilar referencing Stelara, received an approval recommendation from the European Medicines Agency's Committee for Medicinal Products for Human Use. Stelara is Janssen's top-selling drug for psoriasis, psoriatic arthritis, Crohn’s disease and...
July 01, 2024
Antitrust watchdog to sanction AliExpress for violating e-commerce laws

The Fair Trade Commission has launched formal proceedings to sanction Chinese e-commerce giant AliExpress for alleged violations of e-commerce laws. According to industry sources on Monday, the FTC recently issued a review report outlining sanctions against AliExpress for failing to report its bas...
July 01, 2024
Global memory chip market picks up amid AI boom

The global memory chip market is picking up on the back of the artificial intelligence boom, with the chip price expected to rise in the second half of this year, according to industry sources on Monday. In the wake of a recovery in demand for server and AI chips, such as High Bandwidth Memory chi...
June 30, 2024
Korean Air Skypass bags 2nd win at National Service Awards

Korean Air said Friday that its mileage program Skypass had won the top award in the airline membership sector at this year’s National Service Awards, marking the second consecutive year it has received the honor. The National Service Awards evaluates and honors services most cherished by consume...
June 30, 2024
LG Innotek up to 61% of RE100 goal after 1 year

LG Innotek said Thursday that it has met nearly 61 percent of its renewable energy transition goals just a year since it joined the RE100 corporate initiative in July 2022. According to its sustainability report, it converted 60.9 percent of its energy consumption to renewable energy last year, a ...
June 30, 2024
Korea's cafe count surpasses 100,000

South Korea’s number of coffee shops exceeded 100,000 for the first time in 2022, reflecting the major trend of daily coffee consumption that has been continually growing in the country since 1999. According to Statistics Korea on Sunday, there were 100,729 coffee shops at the end of 2022, an inc...
June 30, 2024
Korean Air's Q2 earnings to surpass market consensus: report

Korean Air is expected to continue its trajectory with another solid quarter, backed by increased revenue from the company’s cargo business, according to a security firm’s report and industry sources Friday. According to Daishin Securities’ report, Korean Air’s revenue from its cargo business ...

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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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