Vine Group has teamed up with Goodwill Store to host a donation campaign throughout July, marking their fifth collaboration since 2019. Under the theme "connecting hearts, connecting sharing and connecting values," this year's campaign aims to encourage recycling and create job opportunities for the disabled. Goodwill Store, Vine Group's longtime collaboration partner, is a company committed to transforming the lives of people with disabilities through employment. The company

South Korean steelmaker Posco is ramping up its efforts to revitalize depopulated areas in the provinces by renovating abandoned houses under its ongoing project, Steel ContiNew. The project was first launched in December 2021 to address growing concerns over an increase in the number of abandoned houses in areas outside of Seoul caused by a combination of factors including the country's declining birth rate, rapid aging and the shrinking population particularly in the countryside. By u

SK hynix Inc. said Wednesday it logged losses for three quarters in a row as a demand slump continued amid macroeconomic woes, but it called the bottom on the chip market. The world's second-largest memory chip maker said in a regulatory filing its operating losses amounted to 2.88 trillion won (US$2.25 billion) in the April-June period, compared with a profit of 4.19 trillion won a year ago. Net losses came to 2.98 trillion won, plunging from a net profit of 2.88 trillion won a year earlie

Korean Air Co. said Tuesday it will file an appeal against a Russian court's penalty decision over the "omission" of the South Korean carrier's departure process at a Moscow airport in early 2021. The Russian arbitration court has recently ordered Korean Air to pay 59 billion won ($46 million) in fine to Russia's customs authorities for the omission, a Korean Air spokesperson said over the phone. The court's penalty is half of the fine requested by the Russian custo

Kia Corp., South Korea's second-biggest carmaker by sales, on Tuesday unveiled the design of the upgraded Sorento SUV ahead of its domestic launch next month. Kia plans to place the facelifted Sorento SUV with a gasoline, a diesel or an all-wheel-drive gasoline hybrid engine in the Korean market in mid-August, the company said in a statement. The two-wheel-drive gasoline hybrid version and the upgraded SUV's prices will be released later, the statement said. The facelifted Sorento come

Ioniq 5 to be fitted with locally produced battery packs from August 2024

S. Korean automaker to invest over W30b to support research activities through 2030

Suga of K-pop phenomenon BTS is set to participate in Samsung Electronics' upcoming Galaxy Unpacked event, which will be the tech giant’s first unveiling of its flagship phones at home, according to industry sources Tuesday. “Suga will attend the event as a guest, but he will not be performing on the stage,” an industry official, who wished to remain anonymous, told The Korea Herald. Another source close to the matter also confirmed his appearance, saying, “Samsung p

Top government officials and entrepreneurs from South Korea and Indonesia on Tuesday renewed their commitment to bolstering economic and business ties between the two countries, commemorating the 50th anniversary of bilateral relations this year. “As of 2022, South Korea became the seventh largest investor in Indonesia, reaching $2.29 billion, a 40.06 percent jump from a year earlier. Indonesia is ready to cooperate with Korea in the field of technology exchange, investment, education, R

Alliance across 10 major sectors launched to cooperate on cross-industry value chains with latest AI tech

LG Electronics introduced the new and improved version of its home appliance brand Tuesday to offer "hyperpersonalized" user experiences, raising connectivity and offering new subscription services to make doing household chores easier. Presenting the enhanced plan for the brand UP Appliance 2.0 to expand its business portfolio into nonhardware services and subscription services in Korea, the tech giant said it will be launching the upgraded brand overseas from next year. "UP Appl

Nextrade expected to offer reduced transaction fees, but exclusion of ETF and government bonds may hamper its growth

Posco International announced Tuesday that it has inked a production sharing contract with the Indonesian government and its state-run oil company Pertamina Hulu Energi, in a move to secure the share of oil produced from the Bunga gas block located off Indonesia's eastern Java island. The signing event was held at Tangerang, Indonesia, earlier on the day with top executives including Posco International CEO and Vice Chairman Jeong Tak and PHE CEO Wiko Migantoro in attendance. A production s

By Manpreet Gill One of the biggest investment debates of our times is whether to own cash or government bonds. In the developed markets, one of the most rapid policy rate hiking cycles in history has meant that short-term returns from cash are now higher than what one can earn on a longer maturity bond. Unsurprisingly, this has led to a significant move into cash deposits or money market funds across major economies around the world. Despite this, many asset allocators (ourselves included) co

Bacardi Korea has collaborated with four emerging Korean artists in a Bombay Sapphire brand exhibition, under a global campaign named Stir Creativity, which is running until July 31 in Seoul. Bombay Sapphire, founded in 1761, is a premium London Dry Gin brand famous for its unique vapor infusion method that utilizes 10 botanical ingredients from various corners of the world. The brand ranked first in sales in the domestic gin market last year. Works by the artists -- Goo Gi-jeong, Park Seon-mi