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The Korea Herald

Industrials

May 10, 2024
Korean Air in talks to sell five B747 jets to Sierra Nevada

Korean Air is in talks with Sierra Nevada Corporation, the US aerospace and defense firm, to sell its five B747-8i jets in an apparent move to boost its operational efficiency ahead of its planned merger with Asiana Airlines. According to industry sources on Friday, Korean Air held a board meeting...
May 10, 2024
HD Hyundai unveils uncrewed vessel concept at US expo

Korean shipbuilding giant HD Hyundai said Thursday that it has unveiled a prototype for its upcoming uncrewed surface vessel Tenebris at this week’s AI Expo for National Competitiveness in Washington, DC. The recent unveiling, a collaboration with US tech firm Palantir Technologies, comes after t...
May 10, 2024
LG CNS launches Gen AI Studio for corporate clients

LG CNS on Thursday opened its Gen AI Studio, a new venue for its corporate clients to experience business solutions using generative AI. The latest opening aims to offer systematic assistance to companies that seek to explore generative AI but find themselves uncertain about where to begin. Its p...
May 10, 2024
Bridging hope: Daewoo E&C wins large-scale bridge projects in India, Africa

Daewoo Engineering and Construction has been showcasing its engineering prowess not only domestically but also internationally, winning a series of large-scale bridge construction projects. On home soil, Daewoo E&C constructed the Dongjak Bridge, the first combined railway and roadway bridge in So...
May 09, 2024
Hyundai Mobis to set up W90b plant for EV parts

Hyundai Mobis, the parts and service arm under Hyundai Motor Group, will construct a dedicated electric vehicle module plant in Ulsan, South Korea, with an investment of approximately 90 billion won ($65 million) and completion expected in late 2025. The company signed an investment memorandum of ...
May 09, 2024
Posco’s furnace No. 4 ready to resume operation

Posco Group said Thursday that it was ready to resume the operation of its blast furnace No. 4 in Pohang, North Gyeongsang Province, at the end of June after months of refurbishment work. A blast furnace usually undergoes maintenance every 15 years, during which its operation is suspended to under...
May 08, 2024
HD Hyundai Marine Solution soars on first day of public trading

HD Hyundai Marine Solution, a ship maintenance unit affiliated with Korean shipbuilding giant HD Hyundai, made its stock debut Wednesday, with the stock price soaring on the first trading day. Listed on the nation’s main bourse Kospi, its stock opened at 119,900 won ($88), a 48.8 percent surge fr...
May 07, 2024
Mirae Asset introduces high dividend yield ETF to China

Mirae Asset Global Investments, a leading asset manager based in Korea, has introduced a high dividend yield exchange-traded fund to the mainland Chinese market through cross-border trading with Hong Kong, the firm announced Tuesday. The Global X Hang Seng High Dividend Yield ETF, operated by the ...
May 07, 2024
Posco Future M unveils report on sustainable supply chain

To address increasing global concerns regarding ethical sourcing and environmental responsibility, domestic battery manufacturer Posco Future M released its third Responsible Minerals Activity Report on Tuesday. The publication is a part of the company’s efforts to forge a sustainable supply chai...
May 07, 2024
Hanwha to receive $140m in US tax credits with new solar panel plant

Hanwha Solutions will receive additional tax credits of about $140 million from the United States government this year as it has completed the construction of a solar module production plant in Georgia and recently begun operations there, the Korean company said Tuesday. According to Hanwha Qcells...
May 06, 2024
Hanwha Life secures 40% stake in Indonesian lender

Hanwha Life, a major insurer under the Korean conglomerate Hanwha Group, is set to expand its presence in Southeast Asia, having secured a stake in Indonesia's Nobu Bank, according to the insurer on Monday. Hanwha Life acquired a 40 percent stake in Nobu Bank through a deal signed with Indonesia’...
May 02, 2024
LG CNS enters steel scrap market

LG CNS said Thursday that the company has entered the steel scrap market by setting up a joint venture with local steel firm Daehan Steel. The new entity, called Aimos, will develop a cloud and artificial intelligence-based solution that can sort out scrap steel from metallic waste. “The demand ...
May 02, 2024
Hyundai Rotem to export armored vehicles to Peru

Korean defense firm Hyundai Rotem said Thursday that it has been chosen as the preferred bidder for a Peru military project for wheeled armored vehicles. The company will deliver 30 units of its K808 White Tiger wheeled armored vehicle to Peruvian military authorities in the first batch, valued at...
May 02, 2024
KCCI chief renews will to play bigger role in boosting economic diplomacy

Marking the 140th anniversary this year, the Korea Chamber of Commerce and Industry or KCCI, the nation's largest business lobby, hosted the Global Business Networking Night event in Seoul on Tuesday to further promote foreign investment and attract global companies to nurture the country as the bu...
May 02, 2024
GS chief visits Microsoft headquarters

GS Group Chairman Huh Tae-soo has reiterated the significance of digital transformation as the Korean energy, retail and construction conglomerate continues to seek out business innovation opportunities. According to GS Group on Wednesday, Huh and several CEOs of the conglomerate’s major affiliat...

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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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