South Korea’s largest shipbuilding conglomerate HD Hyundai said Wednesday it will send 10 medium-sized excavators for reconstruction work to Turkey, which was severely damaged by a strong earthquake that hit southern Turkey and northern Syria on Monday. This is part of the aid given by Korean businesses, as the Korean government dispatched rescue workers on Tuesday with its plan to provide $5 million in emergency humanitarian aid, including medical supplies, to Turkey. “We hope that

Doosan Group announced Wednesday that it will provide about $1 million of Doosan Bobcat construction equipment to help with rescue and recovery work in Turkey, where a devastating earthquake struck Monday. The South Korean conglomerate plans to deliver the equipment through local dealers of Doosan Bobcat, a construction equipment maker, so that it can be used to save lives and restore infrastructure in earthquake-hit regions. Skid-steer loaders and excavators will be used to remove and move debr

Volkswagen Korea will recall more than 74,000 cars over faulty warning triangles, the Ministry of Land, Infrastructure and Transport said Wednesday. Starting from Friday, the Korean unit of the German carmaker plans to issue a recall on a total of 74,809 vehicles across 27 car models that were sold here. The list includes 15,691 units of Tiguan 2.0 TDI, 9,466 units of Arteon 2.0 TDI and 9,050 units of Jetta 1.4 TSI. The Lamborghini brand, which was originally off the list, was added to the rec

Lack of technological infrastructure remains hurdle for Apple Pay's expansion in Korea

CEO visits the US, Europe to meet business partners, set business strategies

South Korea on Tuesday attended a meeting of the United States-led Minerals Security Partnership meeting and discussed ways to boost cooperation on supply chains of major minerals with resource-rich African nations, the industry ministry said. The meeting of the partnership was held in Cape Town on the day, involving 12 member nations, including Australia, Canada and France, as well as South Africa, Tanzania and Congo, according to the Ministry of Trade, Industry and Energy. Launched in June 20

Korean food giant Pulmuone is in talks with US food-tech company Yokai Express to sign a deal before July for the launch of vending machines that can cook instant meals, the firm said Tuesday. "Pulmuone is in due process of securing exclusive rights to distributing and installing Yokai Expresss' vending machines that will sell Pulmuone's products in Korea," a Pulmuone official told The Korea Herald. "We aim for the contract to be signed during the first half of this year

Doosan Enerbility, a leading manufacturer of energy solutions in Korea, announced Tuesday that it has signed a framework agreement with Siemens Gamesa Renewable Energy, a multinational provider of wind power solutions, for a strategic partnership in the Korean offshore wind market. Siemens Gamesa’s offshore business CEO Marc Becker and Doosan Enerbility’s Power Services Business Group CEO Park Hong-ook participated in the signing ceremony held in Hamburg, Germany. The two companies p

International shoppers are returning to South Korea amid eased virus restrictions, seeing sales rebound for local department stores. Hanwha Galleria, the retail arm of the Hanwha Group, said on Tuesday that sales in the luxury goods section at the Galleria Department Store in Apgujeong-dong, a posh shopping district in southern Seoul, had increased by 500 percent on-year between August and January. Hanwha Galleria’s Apgujeong branch is one of the most popular tourist destinations in Gangna

Less than a 5-minute walk away from Apple Store, Samsung venue attracts visitors with eye-catching products, immersive experience

Carmaker aims to repeat success of Chevrolet Colorado with Sierra Denali, its first full-size pickup here

K-pop girl band NewJeans members pose for a photo during a fan event celebrating the launch of the NewJeans limited edition of the Gram Style, the latest addition to LG Electronics’ premium laptop lineup Gram.

South Korean aircraft engine producer Hanwha Aerospace announced Tuesday that it has recently signed a memorandum of understanding with ROMARM, Romania’s state-run defense company, to join the European country's military modernization and performance enhancement projects. Hanwha said it aims to further expand its presence in Europe where it is securing a footing by exporting K9 self-propelled howitzers to nine countries in the region, including a deal worth 3.2 trillion won ($2.55 bil

Robots replace certain human jobs, but create more for sophisticated management

Kakao Pay Corp., the online payment unit of South Korean tech giant Kakao Corp., said Tuesday it swung to the black last year thanks to increased financial income. Kakao Pay logged a net profit of 27.5 billion won ($22 million) on a consolidated basis in 2022, turning from a loss of 33.9 billion won a year earlier, according to its regulatory filing. Revenue rose 13.7 percent on-year to 521.7 billion won from 458.6 billion won, while its operating loss expanded to 45.5 billion won from 27.2 bill