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The Korea Herald

Industrials

March 07, 2024
Hyundai E&C seeks to join UK SMR project

Hyundai Engineering & Construction announced Wednesday that the company signed business agreements with US energy equipment supplier Holtec International, and with UK construction firms Balfour Beatty and Mott MacDonald, in a bid to join the UK government’s small modular reactor project. The UK g...
March 07, 2024
HD Hyundai Heavy opens engineering office in Manila

South Korean shipbuilding giant HD Hyundai Heavy Industries said Thursday it has opened an office in the Philippines in an effort to tap deeper into Southeast Asia's growing warship market. HD Hyundai Heavy, a unit of HD Korea Shipbuilding & Offshore Engineering, said it held an opening ceremony f...
March 07, 2024
Seoul court upholds injunction to keep SK hynix official from moving to Micron

South Korean semiconductor powerhouse SK hynix has won a non-compete injunction against a former researcher who left to work for its US chipmaking rival Micron Technology, sources said Thursday, amid an intensifying race for cutting-edge artificial intelligence (AI) chips. Last month, a Seoul cour...
March 07, 2024
Posco mulls LFP joint venture with Chinese firm

Kim indicated a phased approach to collaboration with Chinese entities and stressed the necessity to promptly finalize agreements concerning the IRA and the Advanced Manufacturing Production Credit. Kim echoed the sentiments of chairman-nominee Chang In-hwa regarding the company's unwavering commi...
March 06, 2024
Korean firms eye chances in net zero, global market: ChatGPT report

The global transition to net zero will be a boon for companies in renewable energy and secondary batteries, while supply chain restructuring will challenge Korean chipmakers, according to data analysis released Wednesday by the Korea Chamber of Commerce and Industry. The business group released a ...
March 06, 2024
KT&G to face fierce battle to appoint new CEO at shareholder meeting

KT&G, South Korea's dominant cigarette maker, is expected to face a fierce battle to appoint its new chief executive at an upcoming shareholder meeting, as an activist fund is seen lining up with the company's largest shareholder, observers said Wednesday. Appointing a new chief executive, which w...
March 05, 2024
Warship-making Hanwha and HD Hyundai at loggerheads

The dispute between South Korea’s two major shipbuilders -- Hanwha Ocean and HD Hyundai Heavy Industries, housed under Hanwha Ocean and HD Hyundai Heavy Industries, respectively -- is escalating, with Hanwha taking legal action. Hanwha Ocean on Monday filed a complaint with the National Office of...
March 05, 2024
Yanolja makes big cloud push for US listing

South Korean travel platform operator Yanolja is making a big push in cloud services, as it seeks to transform itself into a global tech solutions provider. As the company accelerates the expansion of its overseas solutions business, market watchers and investors are paying keen attention to whethe...
March 05, 2024
Abu Dhabi welcomes Korean touch in boosting creative economy

According to him, partnering with Abu Dhabi’s vibrant cultural scene offers opportunities for artists and institutions to enhance their global reach and impact. Its annual Abu Dhabi Festival, marking its 21st anniversary this year, attracts almost 20,000 visitors. Having already inked partnership...
March 05, 2024
Hyundai Motor teams up with South Chungcheong Province for future mobility

The AAM is a concept that encompasses urban air mobility (UAM) that moves short distances within the city, regional air mobility that connects regional bases and an unmanned aircraft system that transport logistics. Under the agreement, Hyundai Motor Group decided to give priority consideration to...
March 05, 2024
JB Financial Group expands outside board directors

JB Financial Group said Tuesday it appointed two new members to its outside board of directors, aligning with the government's initiative for increased inclusivity in the financial sector. The group is welcoming two distinguished members to its outside board of directors -- Lee Hee-seung, a capita...
March 05, 2024
Daewoo E&C sells bonds worth 150 mln in Singapore dollars

Major South Korean builder Daewoo Engineering & Construction (Daewoo E&C) said Tuesday it has successfully conducted a 150 million-Singapore dollar ($111 million) bond sale in the city-state. The five-year bonds, which have received an AA rating from global rating appraiser Standard & Poor's Globa...
March 05, 2024
Korean startups suffer setback as Chinese e-commerce titans pounce

In a whirlwind of fierce competition, Chinese e-commerce powerhouses AliExpress and TEMU have been dampening the once-vibrant spirit of retail business startups in Korea. The surge of Chinese e-commerce companies has delivered a significant blow to Korea's startup scene. Their mega-scale, low-cos...
March 04, 2024
Hugel receives FDA approval for botulinum toxin Letybo

Hugel, a South Korean botulinum toxin company, announced Monday that the US Food and Drug Administration has granted marketing approval for the company’s botulinum toxin, Letybo. Hugel expects to launch Letybo in the US in mid-2024. "The Canada launch of Letybo last year laid a solid foundation ...
March 04, 2024
World Battery Forum kicks off in Seoul

The battery associations of South Korea, the US, the EU and Japan announced the launch of the World Battery Forum in Seoul on Monday. The WBF has been established to accelerate the battery industry's net-zero energy transition, analyze worldwide battery regulations to push for an eco-friendly ener...

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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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