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The Korea Herald

Industrials

October 22, 2024
Hyundai E&C to expand presence in South Australia

Hyundai Engineering & Construction said Tuesday that it has signed a memorandum of understanding with the government of South Australia at the company's headquarters in Jongno-gu, central Seoul. Hyundai E&C and the South Australian government will jointly carry out projects related to renewable en...
October 22, 2024
8 out of 10 companies support raising retirement age: survey

Eight out of 10 businesses support a proposal to raise the mandatory retirement age for employees, currently set at 60, according to a survey released Monday. The survey, conducted by online recruiter Saramin among 461 companies, also found that the preferred new retirement age averages 65.7 years...
October 21, 2024
LG chief to hold monthlong meetings with key affiliates

LG Group Chairman Koo Kwang-mo will reportedly receive business reports from major affiliates sequentially over the next month, starting with the electronic affiliates on Monday to establish next year’s business plans, according to industry sources, Monday. LG holds strategic meetings in the firs...
October 21, 2024
[Herald Interview] Hanjin scion readies for big leap

Emily Cho, president and chief marketing officer of Hanjin Logistics, visited 11 countries in the first half of this year alone as she continued adding impetus to extending the shipping network of the company her grandfather founded 79 years ago. "I try to be present in meetings with our global cl...
October 21, 2024
Hanjin Logistics eyes bigger footing in Eurasisa

Hanjin Logistics, an affiliate of South Korean airline-to-logistics conglomerate Hanjin Group, said Monday that it is strengthening its logistics business in Eurasia, with a particular focus on Uzbekistan. According to the company, Hanjin Logistics CEO Noh Sam-sug and President and Chief Marketing...
October 21, 2024
Daewoo E&C wins W1tr plant project in Turkmenistan

South Korean builder Daewoo Engineering & Construction has been selected as the winning bidder for a mineral fertilizer plant project in Turkmenistan, valued at approximately 1 trillion won ($730 million), according to the company Monday. The project involves the construction of a mineral fertiliz...
October 18, 2024
Korea Zinc, Trafigura chiefs to meet in Korea next month amid management battle

The ongoing power struggle at Korea Zinc, the world's largest zinc smelter, looks to be taking an unexpected turn, as the CEO of Trafigura, one of Korea Zinc's key partners and strategic investors, prepares to visit Seoul next month. According to local investment industry sources on Friday, Trafig...
October 17, 2024
Hanwha Securities acquires Indonesian brokerage house

Hanwha Investment & Securities, under the wings of South Korea's defense-to-energy conglomerate Hanwha Group, announced Thursday, that it has completed the acquisition of Indonesia’s Ciptadana Securities. Completion of the deal comes over a year after the brokerage house signed an underwriting ag...
October 17, 2024
S. Korean nuclear power firms buoyed by Amazon’s big energy push

Amazon’s decision to invest in clean energy projects to meet the increasing energy demands of artificial intelligence has raised expectations for South Korean companies in the nuclear power sector. Amazon announced on Thursday that it signed three new agreements to support the development of nucl...
October 16, 2024
Job Korea’s KLiK to host networking event for foreign talent

KLiK, Korea’s largest foreign talent recruitment service, operated by Job Korea, announced Wednesday that it will host a networking event for international students and job seekers on Oct. 24. Organized to ease the often difficult process of job hunting for foreigners and create stronger ties wit...
October 16, 2024
CEOs at foreign insurers reappointed with hands full

The CEOs of major foreign insurance firms in Korea have been reappointed as they navigate challenges posed by a slowing market and local competition. Lina Life Insurance, the Korean unit of American insurance group Chubb, recently nominated current CEO and President Cho Jee-eun as the sole candida...
October 16, 2024
Posco Group Chairman joins WSA executive committee

South Korean steel giant Posco Group announced Wednesday that Chairman Chang In-hwa has joined the executive committee of the World Steel Association. The World Steel Association, consisting of 155 members ranging from global steelmakers to research institutes, aims to enhance profitability in the...
October 16, 2024
British activist fund takes aim at SK to unlock value

London-based activist investor Palliser Capital is on its way to challenge South Korean chip-to-energy conglomerate SK Group, having secured a stake of over 1 percent in its investment arm SK Square. Having built a stake in SK Square over the past two years, the British activist fund is pushing fo...
October 15, 2024
Manpower Korea sees robust growth in RPO service sales

Manpower Korea, the Korean unit of global human resources service company ManpowerGroup, said Tuesday that its recruitment process outsourcing, or RPO, service has seen robust growth since its debut 10 years ago. When the RPO service was first introduced in Korea in the early 2000s, they mainly se...
October 15, 2024
Herald Business Forum envisions future with AI

Other experts on AI also showcased how AI technology was used in emerging industry sectors including mobility and robotics. "The use of AI in the field of material development is essential. ... Material development typically takes a decade, and for key materials, it can take up to three decades, m...

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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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