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The Korea Herald

Industrials

October 30, 2024
AmCham, KITA host seminar on doing business in US

The American Chamber of Commerce in Korea hosted a seminar on Tuesday in Seoul, partnering with the Korea International Trade Association to explore key business opportunities and challenges associated with expanding into the US market. Now in its sixth year, the annual seminar focused on providin...
October 29, 2024
Hanon Systems to build 1st electric compressor plant in North America

Hanon Systems, a Korean automotive thermal management supplier, announced plans to build a new manufacturing plant for electric compressors in Ontario, Canada, on Tuesday to cope with growing demand from global automakers. The new plant will mark the company’s first North American facility to pro...
October 29, 2024
Hankook Tire uses carbon black for sustainable production

Hankook Tire announced on Tuesday that it has incorporated three types of carbon black, a byproduct of the combustion of various petroleum products, into tire production as part of its efforts to create a circular economy. Last year, Hankook Tire launched the Tire-to-Tire Circular Economy Model co...
October 29, 2024
SK Inc. to boost shareholder returns in corporate value-up

SK Inc., the holding company of South Korea's SK Group, has unveiled a three-year corporate value-up plan that includes enhanced shareholder benefits. In a plan unveiled Tuesday, the company vowed an annual dividend of about 280 billion won ($202 million), maintaining a minimum payout of 5,000 won...
October 29, 2024
Innocean hosts 2024 Partners Day for shared growth

Innocean, a South Korean marketing agency affiliated with Hyundai Motor Group, held its annual Partners Day event Tuesday. The event, which brought together around 180 executives and employees from partner firms, provided a platform for open dialogue and strategic discussions on shared growth, acc...
October 29, 2024
Posco, JSW team up to build integrated steel facility in India

South Korean steelmaker Posco Group said Tuesday it plans to establish a comprehensive steel manufacturing facility in India in partnership with Indian steel giant JSW Group. The facility will incorporate core processes -- ironmaking, steelmaking and rolling -- aiming for an annual production capa...
October 28, 2024
After 3-year hiatus, JTI Korea reenters e-cigarette market

Designed with ergonomics and consumer choices in mind, the device will be available in slate gray, navy blue, black and silver. The customizable 10-color front panel and six back cover options allow users to personalize devices to suit their tastes. The Ploom X Advanced can be used with exclusive ...
October 28, 2024
Korea Zinc dispute to drag on without clear winner

The first round of the power struggle over the world’s largest zinc smelter, Korea Zinc, has wrapped up without a solid winner, the results of a tender offer launched by the company's management showed Monday. The dispute is expected to continue as both sides have failed to secure a majority stake...
October 28, 2024
[Exclusive] Thailand's No. 1 food delivery platform to set up R&D center in Korea

By Kim Hae-yeon ( hykim@heraldcorp.com )
October 28, 2024
LG Energy Solution to cut down investment next year

LG Energy Solution will tighten its belt next year to cope with uncertain market conditions due to the slowing growth of the electric vehicle sector, the Korean battery maker said Monday as it announced its third-quarter earnings. The company posted 6.88 trillion won ($4.97 billion) in sales in th...
October 28, 2024
Posco earns top marks for shared growth with SMEs

South Korean steel giant Posco Group said Monday that it has received the highest grade in the 2023 Shared Growth Index Evaluation for five consecutive years. Earlier this month, the 80th Korea Commission for Corporate Partnership released the win-win index for 218 large-sized companies. The index...
October 27, 2024
[From the scene] KGC's ginseng harvest season in full swing

The product has also hit the shelves of major retailers in the US, China, Japan, Southeast Asia and Europe, and it has become a popular pick for tourists at duty-free shops here. “Foreign consumers offer positive reviews, citing red ginseng’s all-natural, caffeine-free and gluten-free qualities,...
October 27, 2024
Hanwha, HD Hyundai vie for Poland’s $2.7b submarine program

Szubrycht also visited Hanwha Ocean’s Geoje shipyard in South Gyeongsang Province on the previous day, inspecting the shipbuilder’s submarine-building site, technological education center and research and development facilities. Hanwha Ocean officials explained plans to train submarine crew memb...
October 27, 2024
Posco completes Argentina’s first lithium hydroxide plant

Posco Holdings announced Sunday it has completed the first phase of its lithium hydroxide plant in Argentina, a key step in securing a stable supply of the key material for electric vehicle batteries. Located in Guemes, Argentina, the plant will produce 25,000 tons of lithium hydroxide annually, s...
October 27, 2024
Lulumedic explores digital health collaboration with Russia

Lulumedic, a leading South Korean health care IT company, met with Alexey Sapetko, the Russian Trade Representative in Korea, to discuss promising opportunities for collaboration in digital health, the company said Thursday. The discussion focused on the growing interest among Russian patients in ...

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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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