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The Korea Herald

Industrials

November 15, 2024
ZYX Technology inks partnership with Chonnam University to nurture tech talent

South Korean design software developer Zyx Technology announced Friday that it has signed a memorandum of understanding with Chonnam National University, aiming to foster tech talent and strengthen collaboration. Under the agreement, the company said it will provide academic support, including fre...
November 15, 2024
Hanjin eyes bigger footing in the US fulfillment services market

According to the company, exports of Korean cosmetic products to the US jumped 61 percent on-year in 2024, from $540.3 million to $870.3 million. Food exports also increased by 17 percent, from $630 million in 2023 to $736.8 million this year. "Fulfillment services are crucial in the US market, es...
November 15, 2024
Hyundai Motor appoints 1st foreign CEO

Hyundai Motor Group appointed Jose Munoz, global chief operating officer at Hyundai Motor Co., as the next CEO of the auto brand on Friday, marking the conglomerate’s first-ever appointment of a foreign leader. The appointment is to take effect on Jan. 1. Munoz, a native of Spain and a US citizen...
November 15, 2024
Hanwha chief appointed to lead defense affiliate

Hanwha Group Chairman Kim Seung-youn has taken a top position at the conglomerate’s main defense affiliate, Hanwha Aerospace, to ramp up the firm’s global expansion. According to Hanwha Aerospace’s quarterly report released on Thursday, Kim has been appointed as the defense firm's chairman. Wit...
November 14, 2024
Upbit D Conference explores how to bridge crypto with real world

Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, hosted the Upbit D Conference on Thursday, discussing how blockchain technology can bring changes into the real world. This year’s event, in its seventh edition, was held under the title of "Blockchain: Powering Real Wor...
November 14, 2024
[Security Forum] Trump’s return mixed bag for Korean economy: trade experts

Trade specialists agreed that Donald Trump’s second term could be both a boon and bane for Korean businesses as they discussed the outlook for policy changes under the upcoming US president during The Korea Herald Security Forum held in Seoul on Wednesday. Over 200 foreign affairs and trade speci...
November 14, 2024
HD Hyundai vice chairman promoted in CEO reshuffle

HD Hyundai announced new nominees to head its affiliates on Thursday as the Korean shipbuilding conglomerate aims to cope with changes in the global business environment in the wake of the US presidential election. HD Hyundai Vice Chairman Chung Ki-sun has been promoted to the group’s executive v...
November 14, 2024
LG Energy Solution to supply ESS for US Terra-Gen

LG Energy Solution has secured a contract to supply up to 8 gigawatt-hour energy storage systems to US renewable energy firm Terra-Gen, the Korean battery-maker announced Thursday. Under the deal, LG Energy Solution Vertech will deliver the ESS to Terra-Gen from 2026 to 2029. The Korean battery ma...
November 14, 2024
CJ's new cold chain logistics center opens in Georgia

CJ Logistics, South Korea’s largest logistics firm, announced Thursday that it has commenced operations of its new cold chain logistics center in Gainesville, Georgia. The facility spans 24,904 square meters, with 90 percent dedicated to cold chain logistics and the remaining 10 percent allocated...
November 14, 2024
Korea Zinc pulls back on capital increase scheme

Korea Zinc Chairman Choi Yun-beom on Wednesday apologized to the public, canceling the company’s hastily-made capital increase plan that sent its shares on a roller-coaster ride in recent weeks. “Though the capital raise was planned to strengthen a more diverse and independent shareholder base c...
November 13, 2024
AmCham CEO Servers’ Night sets fundraising record

The American Chamber of Commerce in Korea announced Wednesday that it has hosted the 17th fundraising event for student scholarships together with its charity arm, Partners for the Future Foundation. The AmCham CEO Servers’ Night was held at the Conrad Seoul Hotel, bringing together 35 CEOs and C...
November 13, 2024
Hyundai Glovis to build massive logistics center in Busan

The company is also building a five-story logistics center at Incheon Airport, slated to open in 2025. Spanning 44,420 square meters, the Incheon center will feature an automated sorting system and its own customs clearance facilities to support Hyundai Glovis’ growing e-commerce logistics busines...
November 13, 2024
Kolmar wins trade secret case against Intercos

South Korea’s leading cosmetics original design manufacturer Kolmar Korea said Wednesday it recently won a lawsuit against Intercos Korea, the Korean subsidiary of Italian cosmetic firm Intercos that was accused of transferring trade secrets of Kolmar’s sun care technology. On Oct. 18, the Suwon...
November 13, 2024
Amorepacific unveils bold growth goals

South Korean cosmetics giant Amorepacific has unveiled its new global business strategy, aiming to strengthen its position as a leader in the beauty industry amid the rising influence of Korean culture. At its 2024 Investor Day event in Seoul on Tuesday, CEO Kim Seung-hwan and North America region...
November 12, 2024
Trump’s return: Boon or bane for K-food?

After years of record exports, especially to the US, Korea’s food industry is now keen to gauge the impact of Donald Trump’s second presidency. The outspoken leader declared during this campaign that he could impose blanket tariffs of 10 to 20 percent on all US imports, raising concerns for Kore...

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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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