German automaker offers first, yet familiar impression with all-electric SUV

Carmaker’s flagship sedan offers more than enough space in back

Lee Bok-hyun, chief of the Financial Supervisory Service, pledged to help local finance companies beef up their presence in the overseas market on Monday. The country's financial watchdog will first hold talks with counterparts in Southeast Asia, which are considered the major market for domestic financial firms. “I understand that there are demands from local banks and securities firms, asking the FSS to communicate with foreign financial watchdogs in markets that they have entered,&

Kim Jun, CEO of South Korea’s largest energy company SK Innovation, reaffirmed the company’s commitment to go net zero with more detailed action plans to be implemented across the firm. In a recent interview with the firm’s official news channel SKinno News, Kim revealed that this will be the first year to begin implementation of its greenhouse gas emission reduction plan called “All Time Net Zero.” The All Time Net Zero vision was announced last year during the 60t

Korean pharmaceutical firm Chong Kun Dang said Monday that it signed a licensing deal with Dutch company Synaffix to gain access to the latter's technologies needed to develop new antibody drug conjugates. The size of the deal, which was inked Friday, is estimated at around $132 million, plus tiered royalties on commercial sales in the future. “The company will speed up development of next-generation anti-cancer treatment through the latest deal with Synaffix,” said Chong Kun Da

  French President Emmanuel Macron's recent proposal to raise the retirement age from 62 to 64 is believed to be the optimal solution to tackle the country's soon-to-run-out public pension reserves, French economist Philippe Aghion said during an interview with The Korea Herald on Jan. 24. "The best way to deal with the pension deficit is to increase how much time you spend in life working, and that’s what the reform (in France) intends to do – increase the number of years

SAN FRANCISCO -- Samsung Electronics is hoping to expand its presence in the global laptop market where it remains a tiny player, as people are replacing their laptops more frequently after pandemic disruptions. “The replacement cycle of laptops is getting shorter from the previous life span of five years on average since the electric devices are turning into true ‘personal computers’ during the pandemic years,” said Lee Min-cheol, corporate vice president of Samsung&rsqu

The Industrial Bank of Korea will open an office in Poland in the first half of this year as part of its overseas expansion into the European market, the state-run lender said Monday. On Jan. 24, the company submitted a license approval application for the Polish office to local financial supervisory authorities. The establishment of the Polish office, which had been delayed due to the COVID-19 pandemic and the Ukraine crisis, is one of the priority items under IBK Chairman Kim Seong-tae's

German logistics giant has high hopes for Korea's e-commerce boom to stay, even post-pandemic

From left: Hanwha Systems CEO Eo Sung-cheol, Korea Airports Corp. CEO Yoon Hyung-joong, Yoon Sang-jik, secretary-general of the Bid Secretariat for World Expo 2030 Busan, SK Telecom CEO Ryu Young-sang and T Map Mobility CEO Lee Jong-ho pose after signing a memorandum of understanding on urban air mobility business to boost Busan’s World Expo bid. If Busan is selected, visitors will be able to hop on the future mobility vehicles to attend Expo events.

LG Group said Monday it has kicked off the construction to renovate the lower floors of its symbolic LG Twin Towers, a landmark in Yeouido, western Seoul, where its major affiliates including LG Electronics are headquartered. Since the buildings were established in 1987, it is the second time the nation's fourth-largest conglomerate carries out a renovation of the two skyscrapers. It renovated the working spaces in the upper level floors in 2009, and it is the it is the first time the group

Carmaker aims to launch Ioniq 5 N this year for EV racing series

Non-fungible artworks by renowned artist Barry X Ball are showcased on LG Electronics’ digital billboard in iconic Times Square in New York City on Sunday. The attached QR code allows visitors to experience the tech giant’s NFT art trade platform LG Art Lab.

KT&G, South Korea's dominant tobacco company, is making aggressive inroads into overseas markets in a bid to increase its sales and market share abroad, according to the company on Sunday. Aiming to foray into foreign markets, the company recently signed its first long-term sales and purchase agreement with global tobacco maker Philip Morris International. Under the 15-year agreement that lasts until January 2038, KT&G will be providing PMI with its heat-not-burn "lil" bra

Four out of six South Korean companies picked the European Union’s upcoming due diligence act as the No. 1 concern for their ongoing environmental, social and governance efforts this year, saying heightened regulations could pose a direct threat to export-driven companies that are not yet fully ready. A survey of 300 companies affiliated with the Korea Chamber of Commerce and Industry, the nation’s biggest lobby, showed Sunday that 40.3 percent of the responding companies selected th