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The Korea Herald

Industrials

May 19, 2024
Korean builders nervous about possible setbacks in Middle East

South Korean builders remain alert against geopolitical risks rising across the Middle East that could throw cold water over their expectations to take a ride on the region's construction boom. Instability in the Middle East, a key market for Korean construction companies overseas, has been sparki...
May 19, 2024
Daewoo E&C chairman meets Cambodian PM

Earlier on Thursday, Daewoo E&C signed a memorandum of understanding with Cambodian logistics giant WorldBridge Group. The signing event took place during the Cambodia-Korea business forum at the Korea Chamber of Commerce and Industry in Seoul, attended by Daewoo E&C CEO Baek Jeong-wan, WorldBridge...
May 17, 2024
Metanation, Memetoon partner up for webtoon, short-form services

Metanation and Memetoon inked a deal Tuesday for a global content market-focused partnership, which will involve projects incorporating blockchain Web3 technology across different industries such as webtoons, movies and dramas. Webtoon service Memetoon, which has an international publisher, plans ...
May 16, 2024
LX Pantos teams up with China's Sinotrans for US, Europe expansion

South Korean logistics company LX Pantos said Thursday it has signed a memorandum of understanding with Sinotrans, the Chinese logistics giant, as part of efforts to facilitate maritime and aerial transportation for deliveries to the US and Europe, as well as between the two Asian countries. The s...
May 16, 2024
Kepco to raise electricity prices as total debt soars past W200tr

Despite self-rescue efforts, a hike in electricity prices is inevitable, the Korea Electric Power Corp. Chief Executive Officer Kim Dong-cheol said Thursday. Explaining how the company was able to reduce its snowballing debt through all-out efforts, including a massive personnel restructuring, Kim...
May 16, 2024
Starbucks Korea to speed up hiring process

Starbucks Korea announced Thursday that the company has introduced a faster hiring process that will halve the time to recruit baristas and workers at its branches. “The existing hiring process takes around 50 days to recruit new employees, but the new hiring process will take roughly three weeks...
May 16, 2024
Jente partners with specialized logistics firm to elevate luxury delivery standards

Luxury online boutique platform Jente has teamed up with Valex, a specialized logistics company here, intending to elevate the overall luxury experience for its customers. Jente signed a premium delivery partnership agreement with Valex at its headquarters in Gangnam on Wednesday. The agreement ai...
May 16, 2024
Hana Financial chairman promotes fight against plastic waste

Hana Financial Group Chairman Ham Young-joo joined the "Bye Bye Plastic Challenge" to increase awareness of the need to reduce plastic waste, according to the firm Wednesday. Appointed by Community Chest of Korea Chairman Kim Byong-joon, Ham joined the social media campaign, first initiated by the...
May 16, 2024
HD Hyundai Electric gets MSCI nod; Kakao Pay misses out

Energy solution provider HD Hyundai Electric will be added to the Morgan Stanley Capital International Korea Index, alongside two other domestic companies, according to the index operator Tuesday. The MSCI Index is an influential market benchmark published by the US investment bank Morgan Stanley....
May 16, 2024
Coupang's Kim Bom escapes chaebol chief designation again

Contrary to arguments that the revised law has come to favor Kim Bom’s case, the FTC is adamant that the new enforcement ordinance aims to close loopholes that previously allowed today's chaebol chiefs to be exempted without clear standards. "Like any other conglomerates, Coupang can now be desig...
May 16, 2024
Korean industries gauge impact of Biden's steep tariffs on China

Korea is closely evaluating potential impacts on its key manufacturing sectors in response to steep US tariff hikes on key Chinese imports hoping to capitalize on any advantages while bracing for potential supply chain disruptions globally. US President Joe Biden on Tuesday announced tariff hikes ...
May 16, 2024
Is FTC's conglomerate listing a boon or bane for Hybe?

Hybe, the K-pop giant housing BTS, has become the first Korean entertainment firm to be designated a conglomerate by the country’s antitrust regulator, as its assets swelled big enough to fulfill the same tougher obligations as other large business groups. The Fair Trade Commission included Hybe ...
May 16, 2024
Korean display makers show off next-gen OLED technologies at SID event

LG Display also showcased its latest OLED panel technologies, under the theme of "A Better Future," at the SID Display Week 2024. The technologies include OLEDoS for virtual reality, large-sized OLED panels for top picture quality and automotive display solutions optimized for Software Defined Vehi...
May 13, 2024
Yuhan-Kimberly’s reforestation campaign marks 40th year

Yuhan-Kimberly announced Monday that its long-standing forest conservation campaign "Keep Korea Green" has reached its 40th anniversary this year. Originating in 1984, the campaign has evolved into a corporate social responsibility model rooted in cooperative governance, driving both societal and ...
May 12, 2024
Battery makers ramp up efforts to diversify graphite supply chain

Korean battery makers are speeding up efforts to diversify their supply chains to source key materials, including graphite, as the US pushes back the deadline for the ban on the use of Chinese minerals by two years. Earlier this month, the US Treasury Department announced an extension to its $7,50...

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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
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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