LAS VEGAS -- In the middle of the sandy windswept desert of Las Vegas, SK Ecoplant’s recycling subsidiary, TES, realizes a circular economy through the destruction and recycling of electronic waste. The 3,700-square-meter facility, the fourth of its kind in the US, specializes in IT asset disposition, or ITAD, which destroys various types of information stored in IT equipment -- from PCs and laptops, to hard disks and data center equipment -- in a safe and environmentally responsible way.

Samsung SDI, a leading South Korean lithium-ion battery manufacturer, has acquired a stake in Toronto-based Canada Nickel in a $18.5 million deal to ensure a stable supply of critical battery materials for its expanding North American operations. Announced on the Toronto Stock Exchange on Monday, Samsung SDI will acquire an 8.7 percent stake in the major Canadian nickel mining company. This stake translates into 15.6 million shares. Under the agreement, Samsung SDI not only secures an initial pu

Hyundai Motor Group plans to invest an additional 70 billion rupees ($845 million) into an automotive plant owned by General Motors in Talegaon, India, according to Indian authorities on Tuesday. According to an online post on X, formerly Twitter, uploaded by Devendra Fadnavis, deputy chief minister of the western state of Maharashtra, the Korean auto giant plans to sign a memorandum of understanding for the new funding during this week’s World Economic Forum in Davos, Switzerland. Fadnavi

Pernod Ricard Korea, the local subsidiary of global wine and spirits company Pernod Ricard Group, said Tuesday that it held a special lecture on Monday to promote a sustainable culture in the bar industry. As part of the company's professional training program called "Bar World of Tomorrow," Pernod Ricard Korea has been conducting special lecture series since 2022, inviting influential figures in the bar industry as speakers. "In order to establish a culture of sustainability

Heavier weight and faster acceleration mean EVs get through tires more quickly – posing challenges and opportunities for tiremakers

Growing geopolitical risks are having profound impacts on the global economy, affecting policies, trade and competition in markets. In the business world, legal disputes across borders are likely to increase against this backdrop, and geopolitical factors may also affect how these cases play out, John Quinn, a veteran trial lawyer who specializes in patent and corporate law, said in a recent interview with The Korea Herald. Quinn founded Quinn Emanuel Urquhart & Sullivan, one of the top liti

Standard Chartered Bank Korea CEO Park Jong-bok (third from left) attends a dumpling-making event to celebrate the new year at the bank’s headquarters in Seoul on Monday. As part of the bank’s “Diversity & Inclusion” drive, the event invited multicultural families and employees to share Korea’s traditional culture. The bank has been cooperating with the Jongnogu district office to bring the local community closer together. (Standard Chartered Bank Korea)

Celltrion Holdings, the parent company of major South Korean pharmaceutical company Celltrion Inc., is pushing for a listing on the Nasdaq stock exchange, industry sources said Monday. Celltrion Holdings' Chairman Seo Jung-jin announced the company's initial public offering plan during an event hosted by the Federation of Korean Industries a day earlier, according to the sources. Seo said the company will push for an IPO on the tech-heavy Nasdaq around the end of this year at the earli

Three members of Samsung Group's founding family have sold their shares totaling 2.7 trillion won ($2 billion) in group affiliates, including Samsung Electronics, in an apparent bid to pay inheritance taxes. Samsung Electronics said in a regulatory filing Monday that Hong Ra-hee, the mother of Samsung Electronics Chairman Lee Jae-yong, and her two daughters -- Hotel Shilla Co. CEO Lee Boo-jin and Lee Seo-hyun, chief of the Samsung Welfare Foundation have unloaded a combined 29.8 million sha

US-China chip rivalry likely to escalate, deepening supply chain uncertainty

CALIFORNIA CITY, California -- If you want to know how Kia's Telluride SUV managed to rank among the top midsize sporty utility vehicles in the US market last year, or how Hyundai and Kia clinched second place in the US EV market behind Tesla following a record sales year, it’s worth taking a closer look at their California Proving Ground, the Korean carmakers’ extensive vehicle testing facility in the Mojave Desert. “Our focus has evolved from primarily testing internal c

  Korean food giant CJ CheilJedang's success in globalizing its K-food portfolio has been recently chosen as a subject for a case study at a Harvard Business School lecture in the US. This is the first time a Korean food brand to be featured in such a capacity at the HBS, according to CJ CheilJedang. Titled "CJ Foods: The Path to Global Food Leadership," the research delves into the company's management strategy, achievements, and the secrets behind its success in pioneering overs

Korea Water Resources, the state-run water management agency also known as K-water, joined this year’s CES, the world’s largest tech show, to support Korean startups to expand their presence in global markets. During the four-day event, K-water set up a 232-square-meter pavilion at Eureka Park, where entrepreneurs and budding startups can connect with mentors, investors, and corporate leaders. This is the second year of the agency has hosted its booth at the CES. The water agency o

Hyundai Motor Group steps into the virtual space with its latest launch, Hyundai Future Adventure, on Roblox. Unveiled Monday, the game aims to captivate younger audiences by presenting Hyundai's mobility technologies in Roblox, the popular virtual gaming platform frequented by Generation Alpha and Generation Z. In the image is a Hyundai Roblox avatar in the center flanked by Boston Dynamics' robots Spot and Atlas on the right, with DAL-e, the service robot, on the left, as Hyundai

LG Chem Vice Chairman and CEO Shin Hak-cheol has been named a member of the International Business Council, part of the World Economic Forum’s annual meeting in Davos, Switzerland, the Korean chemicals firm said Monday. The WEF, also known as the Davos Forum, kicked off in Switzerland on Monday and goes through Friday. It brings together thousands of leaders from business, government and various other sectors. LG Chem said that WEF Chairman Klaus Schwab invited Shin to be a member of the I