South Korean oil refiner S-Oil is continuing to recognize those who performed acts of heroism and made the world a better place, over the past years. Under the values of sharing, S-Oil has delivered financial contributions and hosted an annual award ceremony for brave neighbors. These heroes include firefighters, Coast Guard officers, and citizens who rescued others in dire situations, putting the needs of others above their own. Since 2006, the firm has been awarding firemen to recognize them a

Korea Herald Correspondent SAN FRANCISCO -- A record number of Korean companies are set to deliver presentations to boast their latest biotechnologies at the 42nd J.P. Morgan Healthcare Conference, the largest event of its kind, which kicked off Monday in San Francisco. This year, the number of Korean companies that received official invitations from the host increased to six from three last year. The presenters include Samsung Biologics, Celltrion, Yuhan Corp., Lotte Biologics, SK Biopharmaceut

Samsung Electronics Co. said Monday it will focus on utilizing on-device artificial intelligence as a key driver to sustain its leadership position in the highly competitive smartphone and consumer electronics markets. In a press conference on the eve of the official opening of this year's annual CES in Las Vegas, the South Korean tech giant envisioned that AI will revolutionize user experiences, making devices more intuitive and convenient than ever before. "With the emergence of AI,

LG Electronics is expected to record its highest revenue ever of 84 trillion won ($64 billion) in 2023, backed by solid performance in its core businesses, including automotive products, and effective management, the company's preliminary earnings showed on Monday. Despite challenges posed by delayed demand recovery from the economic slowdown and heightened market competition, LG Electronics marked its third consecutive year of achieving the highest annual revenue, the tech giant said. The

The Ministry of Land, Infrastructure and Transport has ordered South Korean airlines to carry out safety checks on their Boeing 737 Max 8 aircraft, according to the ministry on Monday. The order came as a preemptive measure following an emergency landing on Friday of an Alaska Airlines' Boeing 737 Max 9 jet in Portland, Oregon. Alaska Airlines' B737 Max 9 bound for Ontario, California, was carrying 171 passengers. The aircraft made an emergency landing due to a cabin panel blowout. Som

Energy-to-telecom conglomerate aims to impress global partners with massive exhibition booth themed on amusement park

Finance minister rules out possibility of pouring public funds to help ailing builder stay afloat

Pernod Ricard Korea, the Korean unit of the French wine and spirit giant, said Monday it has donated 40 million won ($30,385) to the Corea Image Communication Institute, or CICI, to help boost the nation’s global image in 2024. Adding to its financial contributions, the company also aims to provide some essential supplies for the events organized by the foundation this year. It will start by sponsoring the upcoming “CICI Korea 2024” on Wednesday, an annual award ceremony honori

Samsung Electronics Executive President Yong Seok-woo, in charge of the display division, delivers a speech about the company's vision to open the "era of artificial intelligence screen," at the Samsung First Look event held on the sidelines of CES in Las Vegas on Sunday. At the event, the tech giant unveiled its third-generation AI processor, named NQ8 AI, which will support TVs to become the connector and controller of home appliances, as well as the Neo QLED 8K TV featuring the

LG Signature OLED T, the world's first wireless and transparent OLED TV, is displayed at the tech giant's exhibition booth for CES 2024, the world's largest tech show that kicks off in Las Vegas on Tuesday. The 77-inch TV, equipped with the Alpha 11 processor, has upgraded graphics and app processing speed. When turned off, the transparent screen offers openness to the space as well, the company said. (LG Electronics)

The leaders of Hana Financial Group and Shinhan Financial Group are headed to the CES 2024, the world's largest consumer technology event slated to open in Las Vegas on Tuesday. Hana Financial Group Chairman Ham Young-joo is taking part in the tech event for his second consecutive year. This year, the Hana chief is reportedly taking with him a team of employees in the artificial intelligence sector, in line with the theme of this year's CES, which seeks to highlight the possibilities o

Merck, a German-based science and technology company, will present its contributions to advancing the electronics industry through "material intelligence" at CES 2024, the company said Monday. “We are pushing the boundaries of science and technology to make future trends possible. Together with our customers, we enable artificial intelligence,” said Kai Beckmann, a member of Merck's executive board and CEO of the electronics division. “Our customers use our mater

SK On is poised to supply high-performance nickel, cobalt and manganese (NCM) batteries for Chinese-made electric buses imported to South Korea, industry sources said Monday. The battery manufacturer recently clinched a deal with EM Korea, an electric bus sales company, which will install the batteries in China Hi-Tech Group Corporation’s EFICITY bus models, according to media reports. An SK On official confirmed the deal and said the NCM batteries have energy density levels beyond the ele

South Korean-owned sportswear brand Fila Holdings said Monday it has named Todd Klein, head of the company’s North American subsidiary, for a new position in charge of the global marketing strategy. Appointed as the global brand president, Klein will join the board of Fila Luxembourg, the subsidiary of Fila Holdings that oversees the company’s global businesses. Klein will also continue to report to Fila Holdings and keep his previous responsibilities. Klein joined Fila in January 20

South Korea’s largest beer maker, Oriental Brewery, made efforts to broaden its outreach to Generation Z and university students in 2023, in a bid to more closely communicate with young consumers. In November and December, OB CEO Ben Verhaert gave lectures on OB’s marketing strategies at Korea University and Ewha Womans University, where he was able to meet face-to-face with students. Verhaert has built a strong career in the sales and logistics fields at Anheuser-Busch InBev -- the