Carmaker’s Global Learning Center in South Chungcheong Province trains 32,000 auto mechanics annually

Huawei Technologies Korea will continuously stay committed to working with its partners to develop green and low-carbon technologies to attain carbon neutral goals, its top executive said Thursday. “We promise to cooperate with South Korean partners to build a better green digital life in the following year,” Sun Luyuan, the chief executive officer of the Chinese tech giant's Korean unit said in a year-end press conference at the Grand Hyatt Hotel in Seoul. Huawei's green

Hyundai Department Store's fashion retail arm Handsome said Thursday it inked three separate exclusive domestic distribution contracts with foreign designer brands, in a drive to expand its overseas fashion portfolio. The fashion retailer clinched exclusive deals with US designer brands Gabriela Hearst, Veronica Beard and Swedish fashion brand Toteme. French luxury brand Chloe's creative director Gabriela Hearst's eponymous clothing brand was launched in the US in 2015 and focuses

South Korean cablemaker LS Cable & System seeks to expand its business horizon to the clean energy sector by acquiring 16 percent shares in underwater construction firm KT Submarine. LS Cable & System purchased the shares in the marine construction company for 25.2 billion won ($19.3 million) in Nov. 30, making itself the second largest shareholder after KT Group. With a call option that the firm already decided to exercise next year, LS Cable & System is expected to become the large

Atlas Air of the United States, one of the world's largest air cargo carriers, plans to build a large-scale aircraft maintenance facility at Incheon International Airport, west of Seoul, the airport's operator said Thursday. Incheon International Airport Corp., the operator of the nation's largest airport, said it signed a formal agreement with Atlas Air Worldwide Holdings, which owns Atlas Air, and Sharp Technics K, a South Korean company specializing in aircraft maintenance, on

Samsung Electronics Co. will present its vision for "sustainable innovation" at the Consumer Electronics Show next month, its top executive said Thursday, continuing its focus on developing products that are both highly connected and sustainable. As a major technology company, "Samsung Electronics has a responsibility to establish an eco-conscious value chain through our innovative technologies and products," Han Jong-hee, CEO and head of the Device eXperience division, said

The South Korean bioindustry's output surged more than 20 percent in 2021 from a year earlier on the back of brisk exports amid the coronavirus pandemic, data showed Thursday. The industry's production came to about 21 trillion won ($16.2 billion) last year, up 22.1 percent from a year earlier, according to the data from the Ministry of Trade, Industry and Energy and the Korea Biotechnology Industry Organization. It marks the first time that the bioindustry's output has exceeded t

Herald Corp., publisher of The Korea Herald and Herald Business, will co-host a forum on Friday to shed light on how the elevated bilateral relationship engenders new opportunities between the provinces of South Korea and Vietnam. Also coming into focus are the higher standards of living in Vietnam in tandem with the nation's fast economic growth, a burgeoning manufacturing hub in the fourth-largest economy in Southeast Asia, Korea's evolving food technologies that are coming to Vietnam, as well

In a bid to strengthen the nation's food technology industry, the government unveiled its plan on Wednesday to incubate 30 unicorn startups and aim to quadruple food-tech related exports by 2027. According to the Ministry of Agriculture, Food and Rural Affairs, food-tech refers to a newly rising industry which applies state-of-the-art technologies such as biotechnology, and artificial intelligence to various processes including preservation, processing, packaging, distribution, and use of

Supermarket chain K-Market boasts over 130 outlets in Vietnam, with over 90% of staff hired locally

South Korean builder appeals to Vietnam's fast-growing upper class with lavish lifestyle

South Korean steel giant Posco said Tuesday it was named the world’s most competitive steelmaker for the 13th consecutive year. In an annual global industry assessment of 35 steelmakers from around the world, steel information service provider World Steel Dynamics (WSD) gave Posco an average score of 8.5 points out of 10, according to the Korean company. Established in 1999, the WSD is the only organization to announce the competitiveness index among the world's steelmakers. Based o

LG Uplus Chief Executive Officer Hwang Hyun-sik, dressed as Santa Claus, delivers a gift to a boy at a Christmas party at an orphanage in Yongsan, central Seoul, Monday afternoon. As part of the telecom carrier's social contribution program that started in 2017, company executives visit welfare facilities every year to donate goods and spend time with children there.

Hit series draws from real-life stories of chaebol, a subject of both admiration and disdain

Former CEO vows to ease regulatory hurdles, attract more foreign investors