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US probes whether Tesla Autopilot recall did enough to make sure drivers pay attention
EU toughens safety rules for online retailer Shein
S. Korea, Japan could consider simplified entry agreement: Seoul official
New chief named to anti-corruption body
[Herald Interview] Noam Segal of Guggenheim Museum pushes for technology-based art with LG
Hybe refutes Ador CEO Min's denial of breach of trust
Experts raise concerns about Japan putting pressure on Naver over Line
South Korea to launch space security center under spy agency
Korea’s top finance firms put aside W1.7tr for Hong Kong-tied ELS compensation
First-ever meeting of president, opposition chief set to finally happen
[Today’s K-pop] NewJeans' single teasers release amid intrigue
More med professors to take day off each week while govt. urges them to stay
Seoul shares rise 1% on tech, financial gains despite overnight US losses
Jeju Air opts out of Asiana Airlines' cargo division bid
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
Legoland Korea Resort to open until 9 p.m.
Posco Future M, Honda to launch battery materials venture in Canada
NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
BTS’ RM to release second solo album in May
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[Photo News] Samsung's AI refrigerator takes center stage in Times Square
Industry
Apr 5, 2024
Samsung Electronics said Friday that it had launched an outdoor advertising campaign in Times Square, New York, featuring a video that creatively highlights the inside features of the new Samsung Bespoke Refrigerator with AI Family Hub. The company unveiled its 2024 line of Bespoke AI products in Seoul, Paris and New York, alongside the launch of video advertising campaigns. Meanwhile, in collaboration with the upcoming Disney and Pixar’s animation "Inside Out 2," Samsung plans
EV sales drop 25% in S. Korea in Q1; hybrid car sales jump
Industry
Apr 5, 2024
Electric vehicle sales in South Korea plunged 25 percent in the first quarter from a year earlier, while gasoline hybrid model sales jumped 46 percent during the same period, according to a market tracker Friday. From January to March, the country's EV registrations fell to 25,550 units from 34,186 in the same period of last year as global EV sales growth slows, CarIsYou said in a statement. It is the first time for the first-quarter EV sales to fall compared to a year earlier, the statemen
Koglo.com CEO talks on entrepreneurship in uncertain times
Industry
Apr 4, 2024
Business leaders in the era of growing economic uncertainty and rapid technological change must look for new opportunities and prospects for innovation, according to Lee Keum-ryong, chairman of Koglo.com, an online platform connecting US companies with their Korean partners. “If you notice a change early enough, it can become an opportunity for your business. But if you see the change late, it may jeopardize your business as well,” Lee said at the fifth edition of The Korea Herald&rs
aT honored by New York Festivals for ESG efforts
Industry
Apr 4, 2024
The Korea Agro-Fisheries & Food Trade Corp. on Thursday said it has been recognized by the US-based New York Festivals Advertising Awards for its environmental, social and governance efforts, marking the first time a Korean government agency has won in the ESG category. The Korea Agro-Fisheries & Food Trade Corp., also known as aT, is a government agency entrusted with promoting the trade, export and marketing of Korean foods and beverages worldwide. The agency said it won the ESG manage
IBK Venture Investment to inject W500b into startups
Industry
Apr 4, 2024
IBK Venture Investment, an investment arm of the state-owned Industrial Bank of Korea, pledged to inject 500 billion won ($370 million) into local startups over the next three years at an event in Seoul on Thursday. The investment unit, the ninth subsidiary under the IBK Financial Group, was founded in December with an initial capital of 100 billion won to fund early-stage startups. It was licensed as a new technology venture capital business in March, according to the lender. While IBK Venture
LG Energy Solution breaks ground on $5.5b Arizona battery complex
Industry
Apr 4, 2024
LG Energy Solution has started construction on its second stand-alone battery manufacturing complex in the United States, located in Arizona, with a groundbreaking ceremony and stakeholder meeting on Wednesday. Announced last year, the $5.5 billion project will stand out as the first of its kind in North America, dedicated entirely to the production of cylindrical batteries for EVs and lithium iron phosphate pouch-type batteries for energy system solution applications. The company aims to comple
[Photo News] Promoting Korea's shipbuilding capabilities
Industry
Apr 4, 2024
HD Hyundai Heavy Industries on Thursday invited government officials from nine countries to observe its submarine and battleship building technologies as it hosted a delivery signing ceremony of the third Batch-1 3000t submarine Shin Chae-ho at its headquarters in Ulsan. The Korean shipbuilder said the international guests from Australia, Canada, Peru, the Philippines, Poland and the US had a closer look at not only the submarine but also at the Jeongjo the Great Aegis destroyer and the Chungnam
Shinhan Bank secures 10% stake in India’s Credila
Industry
Apr 4, 2024
Korean lender makes first equity investment in overseas financial firm
[Exclusive] Spelling errors call space agency's foreign talent search into question
Technology
Apr 4, 2024
Multiple typos found in Korea AeroSpace Administration’s English job application for foreign nationals
S-Oil earns certifications for SAF production
Industry
Apr 4, 2024
S-Oil announced Thursday that it has become the first refinery in South Korea to achieve three International Sustainability & Carbon Certification (ISCC) certificates: ISCC CORSIA, ISCC EU, and ISCC PLUS. This certification, also known as the Carbon Offsetting and Reduction Scheme for International Aviation, formally qualifies the production of sustainable aviation fuel (SAF) in the international aviation sector. The International Civil Aviation Organization (ICAO), a subsidiary body of the
SK hynix to build $3.87b chip packaging plant in Indiana
Technology
Apr 4, 2024
South Korean semiconductor powerhouse SK hynix said Thursday it will invest about $3.87 billion to build an advanced chip packing fabrication and research and development facility in West Lafayette, Indiana, amid intensifying global competition in the burgeoning artificial intelligence memory semiconductor industry. The announcement was made at an investment agreement ceremony attended by officials from SK hynix, the state government of Indiana and Purdue University at the school on Wednesday. S
CJ Foodville's overseas ventures propel profits to new heights
Industry
Apr 4, 2024
CJ Foodville, the operator of bakery chain Tous Les Jours and a subsidiary of South Korean food giant CJ Group, achieved its highest-ever operating profit of 45.3 billion won ($33.6 million) last year. Some 60 percent of the profit stemmed from overseas ventures in key markets like the United States, Indonesia and Vietnam, showcasing the firm's commitment to advancing Korean-style baked goods worldwide. CJ Foodville announced its consolidated sales for 2023 on Wednesday, totaling 844.7 bill
LG chairman loses suit filed to recoup part of massive inheritance taxes
Companies
Apr 4, 2024
LG Group Chairman Koo Kwang-mo on Thursday lost a lawsuit he filed together with his family members to recoup part of the near 1 trillion won ($735.7 billion) in inheritance taxes imposed following the death of former Chairman Koo Bon-moon. After the former chairman's death in 2018, a combined 990 billion won in taxes were imposed on Koo Kwang-mo and other members of the owning family for their inheritance worth about 2 trillion won that included an 11.28 percent share in LG Corp., the hold
AI technology company Dabeeo wins fund from major defense investors
Industry
Apr 4, 2024
Spatial information firm Dabeeo has been selected for investment by Defense Innovation Technology Investment Consortium No. 1, South Korean fund for fostering future defense technology. The fund is formed by the Military Mutual Aid Association, IBK Capital, and LIG Nex1, a leading South Korean defense firm. With the investment from the fund, the total amount Dabeeo secured rose to $6 million in its recent Series B bridge round. With its selection as a Defense Innovation Company by the South Kore
S. Korea to spend W710.2b to expand AI in everyday life
Technology
Apr 4, 2024
South Korea will funnel 710.2 billion won ($526.9 million) into the government's projects to integrate artificial intelligence into everyday life, the science ministry said Thursday. The AI Strategy High-Level Consultative Council, a government-civilian panel for shaping AI policies, convened its inaugural meeting and approved the investment plan to proceed with 69 AI projects aimed at helping the people feel the benefits of AI across all sectors, according to the Ministry of Science and IC
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
Monthly users on local streaming platforms outpace Netflix, Disney+
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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