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The Korea Herald

Industrials

June 28, 2024
Naver's Webtoon Entertainment gains 10% on Nasdaq debut

Shares in online comics platform Webtoon Entertainment, a subsidiary of Naver in the US, rose around 10 percent in the first day of trading on Nasdaq on Thursday, giving the company a valuation of $2.92 billion. Webtoon Entertainment’s stock first opened at $21.30, and traded as high as $24. The ...
June 28, 2024
Hanwha Systems teams up with US satellite company

By Kan Hyeong-woo ( hwkan@heraldcorp.com )
June 28, 2024
Hyundai E&C takes protective heat wave measures for workers

Hyundai Engineering & Construction said Friday that it carried out special inspections to ensure workers are protected against heat waves at construction sites amid sweltering early summer heat. Hyundai E&C's Chief Safety Officer Hwang Joon-ha visited one of the construction sites for its apartmen...
June 27, 2024
Hyundai Steel accelerates R&D to develop new steel solutions

South Korean steel firm Hyundai Steel said Thursday that the company is increasing research and development efforts to improve its steel products and solutions, as well as to provide cost-effective steel products to local construction firms facing difficulties in the sluggish construction market. ...
June 27, 2024
SK chief meets with big tech CEOs in US

SK Group Chairman Chey Tae-won is traveling in the US to meet with leaders of the big tech firms, including OpenAI and Microsoft, to discuss collaboration opportunities on the rising artificial intelligence technology. On his social media Thursday, Chey posted photos of him shaking hands with Sam ...
June 27, 2024
MBK-backed Medit appoints medical device veteran as new chief

Medit, a leading provider of dental 3D scanners and digital dentistry solutions owned by private equity fund MBK Partners, said Thursday that it appointed North American business chief Han Ryu as its new CEO. “I am truly honored to lead Medit as CEO. Medit's open innovation model and unwavering p...
June 27, 2024
Kumho's EV tire wins acclaim in Europe

South Korean tire maker Kumho Tire said Wednesday its electric vehicle tire product, Ecsta HS52, has been recognized for its high-quality technology by the European automotive magazines ADAC and Auto Bild. ADAC and Auto Bild are two of the most influential automotive magazines in Europe and global...
June 26, 2024
Posco boasts full value chain for secondary batteries

GYWANGYANG, South Jeolla Province -- South Korean steel giant Posco announced Tuesday that it has successfully established a full value chain for secondary battery materials and components. “We anticipate that as the (electric vehicle) market grows, the value of raw materials within the battery s...
June 26, 2024
Leadership change looms at SK Square

SK Square, the investment arm of SK Group, is preparing for a leadership change as part of a drastic operational restructuring across SK companies, according to industry sources on Wednesday. The company plans to hold a board meeting in the coming weeks to appoint a new CEO following its current c...
June 26, 2024
SK On wins lithium supply deal with Exxon Mobil

SK On said Wednesday that it signed a memorandum of understanding with US oil and gas company Exxon Mobil to secure lithium supply. The agreement was finalized Monday at the Fastmarkets Conference, the world's largest conference for lithium and battery raw materials, in Las Vegas. SK On is to rec...
June 26, 2024
Hyundai Movex hits W300b in overseas orders this year

Logistics solution provider Hyundai Movex has secured some 300 billion won ($215 million) in cumulative overseas orders this year, indicating robust future growth prospects through global business. On June 18, Hyundai Movex signed a price-adjustment contract with Australia's Sydney Metro to instal...
June 26, 2024
[From the Scene] Posco's HyREX initiative: Pioneering the future of green metal produce

The journey towards eco-friendly iron-making at Posco dates back to 1992 with the initiative to develop Finex technology, which uses iron ore fines and non-coking coal directly, bypassing the coke-making and sintering processes that are heavily carbon-intensive. This innovation not only cuts produc...
June 26, 2024
Daewoo E&C extends overseas network to spur growth

Daewoo Engineering & Construction Chairman Jung Won-ju is ramping up efforts to expand the Korean builder’s global network for new business opportunities abroad, the company said Tuesday. According to the company, the chairman has made a total of 19 visits to 15 countries since 2022 when the buil...
June 25, 2024
AmCham seminar explores sustainable mobility

The American Chamber of Commerce in Korea hosted the AmCham Automotive Summit 2024 on Tuesday at the Grand Hyatt Seoul to provide insights into the impact of sustainability initiatives on the automotive industry. Partnered with US applied safety science company UL Solutions and automobile manufact...
June 25, 2024
LG Chem CEO to co-chair WEF meeting

LG Chem Vice Chairman and CEO Shin Hak-cheol has been named co-chair of World Economic Forum’s Annual Meetings of New Champions this year, the company said Monday. The World Economic Forum holds the annual meeting in Dalian, China, from Tuesday to Thursday this week, under the title of “Next Fro...

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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
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