As South Korean business leaders play a key role in attracting support for Busan’s bid to host the World Expo 2030, LG Group’s top executives traveled around the world to win votes. In October last year, Chairman Koo Kwang-mo visited Poland to meet with Polish Prime Minister Mateusz Morawiecki, requesting the country’s support for Busan’s Expo bid. “Busan is South Korea’s second largest city, and it is also where LG first started its business. Busan is also wh

LG Group, the nation’s fourth-largest conglomerate, has joined forces to promote Busan’s bid for the 2030 World Expo. During a week-long visit by an on-site inspection team from the Bureau International des Expositions (BIE), the intergovernmental regulating body for World Expos, LG is carrying out diverse promotional activities to raise spirits and support for the port city’s strong desire to host the Expo, one of the largest international gatherings. Since the BIE delegation&

South Korea's bid to host the World Expo in Busan envisions the event morphing into a global platform providing solutions for the pressing challenges faced by the post-pandemic world. Under the theme of “Transforming Our World, Navigating Toward a Better Future," Busan aims to lead the global fair to take a great leap forward to become a venue of discussions needed for radical transformation like climate change, polarization and digitization. In the past, Expo themes were typical

Local governments and private companies in South Korea have been ramping up efforts for the country's bid to bring the World Expo to Busan in 2030. Hosting the 2030 World Expo has been a long-standing goal for Korea, who started on the path to candidacy in 2014. In 2019, the bid for the World's Fair was designated as an important national project, prompting the establishment of a joint public-private bidding committee, which has been up and running since last year. Prime Minister Han D

KB Financial Group has announced on Thursday that it will host a debate competition for university students called the 2023 KB Solveathon in July. The term "solveathon" is a combination of the English words "solve" and "marathon," according to KB Financial Group. Similar to a marathon that requires runners to complete a 42-kilometer route, the debate competition requires participants to engage in presentations and debates for around 42 hours to discover the best sol

SK On Executive Vice Chairman Chey Jae-won said Wednesday that he expects to see “tangible results” in the company’s still-nascent electric vehicle battery business from as early as next year, calling the company “the fastest-growing company in the fastest-growing industry.” He was speaking during a town hall meeting held at the company’s headquarters in Seoul, with some 400 executives and employees in attendance. “Typically, a manufacturing company suff

Luxury fashion platform Jente said Thursday its sales hit a new high of $24 million last year, a 140 percent jump from a year ago, extending its winning streak since its launch in 2020. According to the company, operating profits also almost tripled to $3.3 million last year, compared to $900,000 in the previous year. The company said that the growth had given it a footing as a representative luxury shopping platform here. The number of monthly active users, a key e-commerce indicator, also surg

In an age of advanced artificial intelligence, experts suggested ways to effectively use the high-level technology at the Global Business Forum hosted by The Korea Herald on Wednesday. “With the ChatGPT boom, we need to think about how to wisely use AI and seek happiness in our lives,” said Chang Dong-seon, CEO of Curious Brain Lab, during the during the seventh session of the forum held at the Ambassador Seoul hotel in Jung-gu, Seoul. For instance, people seem to consider techno

Some 100 semiconductor, display, battery technologies to get preemptive support by 2027

The Ioniq 6, Hyundai Motor Company's all-electric vehicle, took home the World Car of the Year honor at the award ceremony held at the New York International Auto Show on Wednesday. The victory marked the second consecutive win for the carmaker after its predecessor, the Ioniq 5, was given the same award a year ago. The Ioniq 6 also won the World Electric Vehicle and World Car Design of the Year, given by a jury of 100 automotive journalists from 32 countries.

The signboard of a Chinese restaurant is seen in Myeong-dong, central Seoul, on Wednesday. The average price of a bowl of jajangmyeon, or noodles in black bean sauce, has soared more than 60 times to 6,361 won ($5) over the past five decades, according to market tracker Korea Price Information Corp. Over the last five years alone, the price has jumped 26.9 percent largely due to growing ingredient prices.

Governments considers VAT exemption for wider range of vetinary care services as early as this year

Hyundai Motor Group announced Wednesday it has released a promotional video titled “Busan is Ready!” on several digital platforms for the city’s bid to host the 2030 World Expo. It is the latest installment of the group’s large-scale video campaign series, which has been taking place over the last two weeks. The video aims to show Busan’s appeal as the perfect location to host the World Expo by highlighting its competitiveness and role as a technological, cultural a

Korean Air, the nation’s number one flag carrier, said Wednesday it recently celebrated the fifth year of its joint venture partnership with the US' Delta Air Lines by holding a home repair project in Calauan, the Philippines. Calauan in Laguna province is home to a resettlement site project of 650 houses built by Habitat for Humanity, the non-profit international home-building organization, for low-income families affected by Typhoon Ondoy in 2009. Approximately 110 units remain unoc

Korean Air said Wednesday it is resuming services to four major destinations in Europe by late April. After a three-year hiatus due to the COVID-19 pandemic, the airline has resumed flights to Prague and Zurich since March 27, while those for Istanbul and Madrid are set to be resumed from April 24. Each route will have three flights per week. The four cities are among the most popular tourist destinations in Korea. Prague in eastern Europe is home to many UNESCO world heritage sites. Zurich, the