Hyundai Motor Group said Wednesday that the automaker has received 11 accolades from the 2022 Good Design Awards in the US. The South Korean auto giant took home three awards in robotics design with future mobility concepts that combine in-wheel motors, steering, suspension, braking system and environmental sensors into one structure.

Samsung Electronics on Wednesday sent out invites to its annual unpacking event for its new flagship Galaxy devices that will take place in San Francisco at 10 a.m. on Feb. 1. Entitled “Galaxy Unpacked 2023: Share the Epic,” the event will be held in person for the first time in three years since the pandemic. It will also be livestreamed from Seoul through Samsung’s newsroom and homepage, as well as its official YouTube channel, the officials said. “A new era of Galaxy i

South Korea reported the largest job additions in more than 20 years in 2022, data showed Wednesday, as the country gradually returned to pre-pandemic normalcy. The number of employed people came to 28.08 million in 2022, up 816,000 from a year earlier, according to the data compiled by Statistics Korea. It marked the largest number since 2000, when the nation reported an on-year increase of 882,000 jobs. Last year's reading also marked a significant rise from the 370,000 growth tallied in

South Korean sportswear brand Fila Holdings said Tuesday it has become the first Korean fashion company to be included in the Dow Jones Sustainability Indices, an accredited benchmark of a company’s commitment to environment, social and governance matters. Fila Holdings attributed its DJSI listing to its continuing efforts for sustainable management, from using recycled materials in its products to building a transparent supply chain system. The company has been expanding the proportion of

Korea Herald correspondent SAN FRANCISCO -- The 41st Annual JPMorgan Healthcare Conference kicked off on Monday in San Francisco. This year, three South Korean companies will give presentations, while many others will hold meetings to attract new partners and investors. Around 550 presenting companies have descended on the Californian city, in addition to thousands of investors and biotechnology executives from around the world. From Korea, Samsung Biologics, Lotte Biologics and SD Biosensor h

Kazem was sentenced to eight months in prison and a two-year probation, while GM Korea was slapped with a 30 million won ($24,260) fine, according to the Incheon District Court. Four former and current executives of GM Korea and 13 CEOs of subcontractors who illegally outsourced their workers to the company were also found guilty on the same charges. The four current and former GM Korea executives were fined 7 million won each, and the subcontractor CEOs fined between 2 million - 5 million w

Poshmark CEO Manish Chandra (second from left), Naver CEO Choi Soo-yeon (third from left) and employees of both companies pose for a photo at the US e-commerce company’s headquarters in San Francisco on Monday. The town hall meeting was the first gathering since Naver recently acquired Poshmark, the largest secondhand marketplace in North America, in a deal worth $1.31 billion.

Regulatory chief calls 3:30 p.m. closing ‘too early’; tellers object, citing prolonged pandemic, reduced staff

US carmaker dropped deal with SK On due to lower yield rate, sources say

LG Electronics on Tuesday launched a new skin care device called Pra.L DermaThera that uses ultrasonic control technology to help the skin produce collagen and improve elasticity. The latest addition to the tech giant’s popular Pra.L beauty device lineup is priced at 1.59 million won ($1,280).

LG Chem said Tuesday it has supplied metal-replaceable plastic to Mitsubishi for the Japanese carmaker’s three SUV models – the Outlander, Delica D:5 (pictured) and RVR. Using the lighter material, the company said, the plastic fender is about 4 kilograms lighter than the previous metal alternative of the same size, improving the fuel efficiency of the vehicles.

Korea Shipbuilding and Offshore Engineering said Tuesday it has signed a memorandum of understanding with two European partners to develop large-capacity fuel cell systems for ships and other power generation. The two partners include Germany’s Fraunhofer IKTS, the largest applied research institute in Europe, and Elcogen, a leading cell component manufacturer based in Estonia. Under the partnership, KSOE, one of the world’s largest shipbuilders and an HD Hyundai subsidiary, will des

Posco International, a trading and energy unit of Posco Group, said Tuesday it is building a crude palm oil refining plant in Indonesia, pinning high hopes on the huge potential across industries, including food, cosmetics and bioenergy. The decision comes after its board recently approved $200 million worth of funding from AGPA, the company’s Singapore unit, to launch the project. One of the possible plant sites is Kalimantan, the Indonesian portion of the island of Borneo, considering it

SK Inc., the investment arm of SK Group, said Tuesday it will co-host a networking event with the group’s biopharmaceutical affiliates including SK biopharmaceuticals and SK pharmteco to expand its global partnerships in the US, the world’s largest bio and pharmaceutical market. The event, titled “SK Bio Night,” will take place at the Four Seasons Hotel in San Francisco on Wednesday. About 100 executives from some 50 companies -- including SK’s biopharma firms, the

South Korea posted the first current account deficit in three months in November as exports sharply dwindled amid growing worries over a global economic recession, central bank data showed Tuesday. The country's current account shortfall amounted to $620 million in November, swinging back from a surplus of $880 million a month earlier, according to the preliminary data from the Bank of Korea. It marked the first deficit in three months and also represented a setback compared with the same m