Spending quality time for physical and mental well-being has become a mantra for people living in today’s fast-paced world. To promote a healthier and more balanced lifestyle, Herald Media Group, publisher of The Korea Herald, is launching its inaugural Wellness Seoul 2024 with support from the Seoul Metropolitan Government. Wellness Seoul 2024 aims to unite people from all walks of life in a shared celebration of healthier living and overall wellness, welcoming anyone seeking relaxation a

Hahn & Co., a major private equity firm based in Korea, is set to acquire SK Specialty, a gas supplier under the country's chip-to-energy conglomerate, SK Group, for an estimated 4 trillion won ($3.05 billion). SK Inc., the holdings company of the group, announced through a regulatory filing on Monday that the private equity house has been named the preferred bidder for SK Specialty. “(SK) plans to sign a stock purchase agreement with the bidder within this year, after discussing

South Korean portal giant Naver announced Monday it will buy back and cancel shares worth 400 billion won ($306 million) by the end of the year to boost its declining stock value. The latest measure will be separate from the ongoing shareholder return policy the company introduced in 2023, spanning three years. “From Oct. 2 to Dec. 28, we will repurchase about 2,347,500 shares which accounts for 1.5 percent of the total issued shares, and cancel them by Dec. 31," Naver said. "Giv

South Korean IT giant Kakao will unveil its new artificial intelligence service Kanana at the upcoming developers conference next month, the company said Monday. Holding the annual event dubbed "if kakaoAI 2024" from Oct. 22-24, the company will also announce its AI partnership with Nvidia, the leading graphic processor unit maker, Kakao said. On the first day of the event, Kakao CEO Chung Shin-a will deliver a keynote speech on Kakao's AI road map and Chief AI Officer Lee Sang-ho

Hyundai can tap into GM's political heft while offering hybrid, EV tech in return

South Korean drug maker Daewoong Pharmaceutical said Monday that more than 88 percent of its patents registered over the past five years in the country have been for new drugs, reflecting the firm’s efforts to enhance its competitiveness in both domestic and global markets through the development of advanced pharmaceuticals. According to data from the Ministry of Food and Drug Safety, Daewoong registered nine domestic patents from 2020 to September 2024. Of these, eight are related to the

Koramco REITs Management & Trust, a real estate asset manager based in Seoul, has completed the sale of a landmark property to Samsung SRA Asset Management for 1.1 trillion won ($841 million), marking South Korea's largest commercial real estate deal this year. The Asset is an 81,117-square-meter skyscraper located in the Gangnam Business District in southern Seoul. The office property forms part of Samsung Town, an office complex housing the affiliates of Korea’s top conglomera

ATLANTA – Incheon International Airport has been named the new Asian hub of Delta Air Lines, replacing Japan’s Narita Airport. Incheon International Airport Corporation announced on Monday that it will collaborate with Delta to expand the Asia-Pacific network, alongside the upcoming launch of the Incheon-Salt Lake City route in June, following a meeting between IIA President and CEO Lee Hag-jae and Delta Air Lines CEO Edward Bastian at Delta's headquarters in Atlanta, on Wednesd

Serenity Golf and Resort said Monday that it will serve as a venue for the second annual junior golf tournament, Seri Pak & Annika Invitational Asia, in Cheongju, North Chungcheong Province, from Oct.1 to 3. Aiming to nurture young talent, the event is jointly organized by the Seri Pak Hope Foundation and the Annika Foundation with support from the Royal and Ancient and the Korea Golf Association. The 78 participants, aged 13 to 18, include top Asian players from the World Amateur Golf Ranki

Hyundai Motor Company marked the global cumulative production of 100 million cars Monday, a landmark record coming 57 years since the carmaker’s foundation. The company held a celebratory event at the car manufacturing plant in Ulsan earlier in the day, joined by Lee Dong-suk, head of domestic sales and chief strategic officer at Hyundai Motor Group, and Moon Yong-moon, head of the company’s labor union. The executives and staff marked the production of the first car after passing th

About 1,000 attendees from across globe to join Airtaxi World Congress 2024

Chile officials hope to win Korea’s green hydrogen project

South Korean mobile carrier KT has forged a five-year, multibillion-dollar partnership with Microsoft to develop customized artificial intelligence solutions for Korea and to build a tech innovation center, the company said Sunday. Signing the agreement at the Microsoft headquarters in Redmond, Washington, Friday, the two sides agreed to collaborate in the areas of AI, cloud technologies and information technology, and for Microsoft to commit its resources in the areas of infrastructure and peop

The Korean Federation of Community Credit Cooperatives, the nation's leading mutual financial institution, held an international forum in collaboration with the United Nations to discuss ways to boost digital financial inclusion in Jeju last week. The event drew ministers from 15 UN member states, financial experts from Japan and Italy, and representatives from global tech giants such as Google and GSMA. The forum tackled two primary topics: expanding financial access and fostering sustaina

South Korean steelmaker Hyundai Steel is seeking to beef up its online sales capabilities through Hcore Store, the company’s e-commerce platform dedicated to steel products for construction, by diversifying offerings and introducing services to enhance customer convenience on the platform. Launched in July 2023, Hcore Store initially focused on promoting Hyundai Steel’s earthquake-resistant building material brand, Hcore. The platform began with core construction materials like rebar