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The Korea Herald

Industrials

November 12, 2024
KEF chief, Japanese ambassador vow to bolster economic ties

Member companies of the Korea Enterprises Federation met with Japanese Ambassador Koichi Mizushima on Tuesday to explore opportunities for deepening economic cooperation, as South Korea and Japan approach the 60th anniversary of normalized diplomatic relations next year. The business roundtable, h...
November 11, 2024
GS E&C wins $376m contract to build subway tunnel in Australia

South Korean construction giant GS Engineering and Construction announced Monday that it had won a $375.7 million contract to build a subway tunnel in Melbourne, Australia. Awarded by Victoria’s Suburban Rail Loop Authority, the contract is part of the broader Suburban Rail Loop project, which ai...
November 11, 2024
[Herald Interview] JobKorea’s KLiK brings jobs, community to growing foreign workforce in Korea

As Korea’s foreign workforce nears the 1 million mark, JobKorea, the nation’s leading online recruitment platform, has launched the spinoff KLiK, or Kickstart Life in Korea, to bring quality jobs and community to foreign national job seekers. Chris Heo, a 33-year-old Canadian national who leads ...
November 11, 2024
KT&G pledges to up shareholder returns

South Korea's top tobacco company KT&G unveiled a new program designed to enhance its corporate value, primarily focused on increasing shareholder returns, Monday. The program centers on improving profitability, optimizing asset efficiency and streamlining financial operations to reach a return-on...
November 11, 2024
Young Poong's violations cast doubt on Korea Zinc bid

Young Poong, the world’s sixth-largest zinc smelter, has been ordered to close down its refinery facility for two months for discharging polluted wastewater without authorization, posing a possible setback in its attempt to take ownership control of Korea Zinc, its affiliate and the world’s large...
November 10, 2024
Korean shipbuilders upbeat on Trump’s call for collaboration

Korea’s leading shipbuilders -- Hanwha Ocean and HD Hyundai Heavy Industries -- have upped their efforts to forge deeper relations with the US Navy, as they look to score orders in the American warship market estimated at about 20 trillion won ($14.3 billion) per year. In August this year, Hanwha...
November 10, 2024
Chubby banana milk bottle eyes national heritage listing

For over half a century, yellow banana-flavored milk has held a special place in Korean culture, gracing supermarket shelves as a nostalgic favorite across generations. Now, its maker, Binggrae Co., aims to elevate the beloved drink’s status even further. The Korean dairy maker said Sunday that i...
November 10, 2024
Korean transformer export surge on clean energy, AI demand

The US and Saudi Arabia have been major buyers of Korean transformers this year. The US, which is upgrading its aging power grid, imported about $223 million worth of Korean transformers. This accounts for roughly a third of South Korea’s total transformer exports. Meanwhile, Saudi Arabia has been...
November 10, 2024
Supreme Court to weigh SK Group chief's W1.3tr divorce suit

South Korea’s Supreme Court has decided to consider another aspect of the SK Group chairman’s bid to overturn the country's most expensive divorce suit, opening up the possibility for the head of Korea’s second-largest conglomerate to reduce the size of the settlement. On Saturday, the justices...
November 08, 2024
IFC Seoul in acquisition talks for over W3tr

Singapore’s ARA Asset Management is reportedly in talks with Brookfield Asset Management to acquire the International Finance Center Seoul, one of South Korea's largest mixed-use commercial properties, according to sources Friday. Following its purchase of the Conrad Seoul Hotel in August, ARA is...
November 08, 2024
KT&G declines FCP proposal to buy ginseng unit

South Korean top tobacco company KT&G has rejected a recent proposal from the Singapore-based activist private equity fund Flashlight Capital Partners to acquire Korea Ginseng Corporation, a KT&G affiliate. In a move to turn down Flashlight Capital Partners' bid, KT&G issued a statement Friday and...
November 08, 2024
Posco considers selling off steel plant in China amid market oversupply

Posco Group is reportedly considering selling its stainless steel plant in Zhangjiagang, China, as part of a broader restructuring initiative led by Chairman Chang In-hwa to streamline 125 low-profit and non-core assets. According to industry sources Friday, Posco is in the process of selecting an...
November 08, 2024
PUBG powers Krafton to record Q3 earnings

Krafton is actively working to diversify its lineup with new games across a range of genres and platforms. Upcoming titles include inZOI, Dark and Darker Mobile, Subnautica 2, Project ARC, and Dinkum Together. Project ARC and Dinkum Together will be shown for the first time at G-Star, a major upcom...
November 07, 2024
India’s vibrant economy ready to lure Korean investors, says ambassador

Choi Jae-boong, a professor of mechanical engineering at Sungkyunkwan University, shared a similar view on India’s potential in the digital era, highlighting the role of artificial intelligence in reducing costs and increasing business scalability. Choi emphasized that digital transformation enab...
November 07, 2024
aT wins top consumer award for cost reductions, price transparency

The Korea Agro-Fisheries & Food Trade Corp., known as aT, announced on Thursday that it has been recognized by the Korea Consumer Association for its excellence in consumer-friendly administration. aT, a government agency responsible for promoting the trade, export and marketing of Korean foods an...

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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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