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The Korea Herald

Industrials

April 02, 2024
[From the Scene] LG Twin Towers refurbished to better connect with employees

As employees have been experiencing inconveniences when going to see a doctor during their working hours, the LG official said, it is getting ready to open an in-house affiliated clinic in July on the second floor of the West building, alongside pharmacies and banks. By Jie Ye-eun ( yeeun@heraldc...
April 02, 2024
Hyundai Group marks 20 years of Vision Forum

By Park Se-ra ( serap1005@heraldcorp.com ) The Korea Herald
April 02, 2024
LG Energy Solution rolls out 1st battery cell at Tennessee plant

LG Energy Solution said Tuesday that it has delivered the first battery cells produced at Ultium Cells’ manufacturing plant in Tennessee to its client. The battery products made at the Tennessee site will be loaded onto General Motors’ third-generation electric vehicles, including the Cadillac L...
April 02, 2024
HiteJinro’s Kelly sells 360m bottles in first year

South Korean liquor giant HiteJinro said Tuesday that its beer brand Kelly had exceeded 360 million bottles in sales as of March 26, a significant milestone within one year of its launch in April 2023. This achievement is equivalent to selling 11.5 bottles every second, the company said. Kelly's ...
April 02, 2024
Korean shipbuilders eye US yards to tap Navy's lucrative repair deals

Korean automotive, battery and semiconductor titans have been navigating their investments toward American shores, driven by incentives from the Inflation Reduction Act and the CHIPS and Science Act of 2022. Now, the Jones Act might beckon Korean shipbuilders to American waters. HD Hyundai Heavy I...
April 02, 2024
Hanwha Ocean wins W1.24tr order for 4 LNG ships

Hanwha Ocean, the world's third-largest shipbuilder by order backlog, said Tuesday it has bagged an order worth 1.24 trillion won ($919.6 million) to build four liquefied natural gas (LNG) carriers for an Asian shipper. Hanwha Ocean said it will build the vessels at its shipyard in Geoje on the so...
April 02, 2024
LGES-GM JV begins production at Tennessee battery plant

LG Energy Solution Ltd. (LGES), South Korea's leading battery maker, said Tuesday its joint venture with General Motors Co. began production at their second battery plant in the United States. The first round of battery cells produced at the plant have been delivered to GM for installation in the ...
April 02, 2024
Biz community bids final farewell to late Chairman Cho Suck-rai

The funeral for late Hyosung Group Chairman Emeritus Cho Suck-rai was held in Seoul on Tuesday as his grieving family and employees commemorated his legacy in the South Korean business community. Cho died of a chronic ailment Friday at age 89, seven years after he stepped down from the top managem...
April 01, 2024
Korea Ginseng Corp. appoints global business chief as new CEO

Korea Ginseng Corp., the country's leading ginseng manufacturer, said Monday that it has appointed An Bin, the company's former global business chief, as its new CEO. “In order to transition into a global top-tier comprehensive health company, we must adopt a 'Global One Market' approach that com...
April 01, 2024
Korean Air marks 45 years of flights to New York

Korean Air hosted a surprise event at New York's John F. Kennedy International Airport on Friday, to celebrate the 45th anniversary of operating flights to the city, the nation’s largest air carrier said Monday. At the event, a round-trip prestige ticket from Incheon to New York was awarded to th...
April 01, 2024
Hanwha Ocean names ex-SBM exec as new offshore head

Hanwha Ocean announced Monday that Philippe Levy, the former president of SBM Offshore Americas, will take the helm of its Offshore Business division. Levy brings 25 years of industry experience, notably with SBM Offshore, a Dutch-based oil and gas company. Additionally, he has served as an execu...
April 01, 2024
HD Korea Shipbuilding wins W612b ship orders in Oceania, Europe

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) said Monday it has received 612 billion won ($454 million) in orders to build four liquefied petroleum gas (LPG) ships and two product carriers (PCs) for shippers in the Oceania and Europe regions. HD KSOE obtained the LPG ship order in the Oc...
April 01, 2024
Family, business leaders mourn Hyosung honorary chairman

Lee and Cho Hyun-joon are close friends, both born in 1968 and studying together at Keio University in Japan. When Lee’s father Lee Kun-hee passed away in October 2020, Cho visited the funeral to pay respect for two days in a row. At the time, Cho recalled the late former Samsung chief as a "warm...
March 29, 2024
Hahn & Co shakes up Namyang Dairy's board to cement control

Private equity company Hahn & Co has taken over the boardroom of Namyang Dairy Products to put an end to 60-year family ownership of the dairy firm. During the regular shareholders meeting held at Namyang’s headquarters in southern Seoul on Friday, officials from Hahn & Co were appointed as insid...
March 29, 2024
Daughter of late Samsung chairman becomes Samsung C&T president

Lee Seo-hyun, the second daughter of late Samsung Group Chairman Lee Kun-hee and the younger sister of Samsung Electronics Chairman Lee Jae-yong, is returning to the management as she takes the post of president at Samsung C&T. Samsung C&T, the construction and energy arm of Samsung Group that act...

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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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