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ReWorld Forum hosts large, small firms to discuss energy transformation plans
KT explores synergy between AI, media businesses
MBK chief donates $25.4m to Haverford College
[Bridge to Africa] Tanzania marks Independence Day, lauds Korea’s support
Over half a million S. Koreans hold multiple jobs: data
'Moon of Seoul' balloon ride prepares to take flight in June
Police investigating 10 men after suspected gang fight near Haeundae Beach
Beloved singer attracts fans, customers to JungKwanJang stores
CJ's Tous Les Jours debuts in Cambodia
[Photo News] Kumho in Europe
Medical tourists to Korea rises to record high of 606,000
Latvia celebrates 20th anniversary of EU, NATO membership
N. Korea installs mines on inter-Korean road within DMZ
PPP nominates retired ex-lawmaker to head emergency committee
Loanword-laden apartment names become lengthy, bizarre
[Bills in Focus] Multilateral off-board trading, industrial transformation support
SK Innovation's Q1 net loss widens on FX losses
[Herald Interview] Korean banks’ earnings dilemma: More profits, more responsibility
Govt. to deploy more medical staff as senior doctors at 5 major hospitals take weekly breaks
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Korea urged to step up incentives for chipmakers
Industry
Apr 2, 2024
As governments around the world fiercely compete to boost their semiconductor industries by distributing large subsidies, South Korea is pointed out as falling behind other chip powerhouses, raising concerns about the gap widening in the future. On Tuesday, the Japanese Ministry of Economy, Trade and Industry approved subsidies of up to 590 billion yen ($3.9 billion) for chip foundry venture Rapidus, adding to its promise earlier to provide funds worth some 330 billion yen into the chip project.
[From the Scene] LG Twin Towers refurbished to better connect with employees
Industry
Apr 2, 2024
LG Group’s symbolic LG Twin Towers, a landmark in Yeouido, where its major affiliates including LG Electronics are headquartered, has been transformed into modern office spaces incorporated with nature-inspired elements to create a harmonious work and life integration. When The Korea Herald reporter visited the LG Twin Towers on Monday morning, the first day of the building's completed renovation, employees seemed to have beaten the Monday blues and were filled with excitement and lau
Sulwhasoo publishes first sustainability report
Companies
Apr 2, 2024
South Korean cosmetics giant Amorepacific said Tuesday that its premium skincare brand Sulwhasoo has released its 2023 Sustainability Report, detailing the brand's sustainability initiatives and achievements. Sulwhasoo published the first standalone sustainability report by a brand under Amorepacific. The report comprises three chapters: ginseng, the environment and culture. The first chapter explores Sulwhasoo's journey with ginseng, transitioning from its use in food to beauty produc
Temu sets up Seoul office to tap deeper into Korean market
Industry
Apr 2, 2024
Chinese e-commerce platform Temu has recently established an entity for its operation in Korea, amidst Chinese platforms' broader entry into the Korean market. According to information obtained from open legal proceeding records, Pinduoduo, the parent company of Temu, formally registered a corporation named "Whale Co., Korea Limited" on Feb. 23. The purpose of corporation establishment is to engage in e-commerce and related activities. Notably, WhaleCo Inc. operates as a subsidiar
Hyundai Group marks 20 years of Vision Forum
Industry
Apr 2, 2024
Hyundai Group celebrated the 20th anniversary of its Vision Forum on Tuesday, coinciding with a special session dedicated to the 40th anniversary of Hyundai Elevator, the group announced the same day. The session featured a comprehensive 70-minute webinar by Seoul National University professor Kim Jang-woo on the evolution of high-performance system semiconductors, drawing significant participation from employees. Launched in 2005 by Hyundai Group Chair Hyun Jeong-eun, the Vision Forum was estab
[Herald Interview] Seoul anchors Rolls-Royce's Asian luxe
Transport
Apr 2, 2024
Seoul is soon to be the third city hosting a Rolls-Royce Motor Cars Private Office, an exclusive design studio where clients can work closely with bespoke managers and designers to create their own custom Rolls-Royce. “The Seoul Office covers clientele from the whole Asia-Pacific, not just Korea, like the Dubai Office is for the Middle East and the Shanghai Office for China. Believe me, our team looked at 60 places across Asia for a whole year to find the perfect spot. And we’ve dete
HiteJinro’s Kelly sells 360m bottles in first year
Companies
Apr 2, 2024
South Korean liquor giant HiteJinro said Tuesday that its beer brand Kelly had exceeded 360 million bottles in sales as of March 26, a significant milestone within one year of its launch in April 2023. This achievement is equivalent to selling 11.5 bottles every second, the company said. Kelly's performance has propelled HiteJinro's sales growth. Last year, the liquor manufacturer posted 823.3 billion won ($607.6 million) in beer sales, marking a 5 percent increase from the previous ye
Heo Ung wins KBL Pocari Sweat Popularity Award
Industry
Apr 2, 2024
At the 2023-2024 JungKwanJang Korean Basketball League Awards, Busan KCC's Heo Ung won the Pocari Sweat Popularity Award for the fifth consecutive time, Dong-A Otsuka said Tuesday. The league awards ceremony took place Monday at the Grand InterContinental Seoul Parnas in Gangnam-gu, southern Seoul. Introduced in the 2011-2012 season, the popularity award is decided entirely by fan votes to determine the season's most popular player. All Korean Basketball League players are eligible, wi
[KH Explains] Korean shipbuilders eye US yards to tap Navy's lucrative repair deals
Industry
Apr 2, 2024
HD Hyundai, Hanwha seek to take advantage of protectionist laws -- Jones Act and Byrnes-Tollefson Amendments
Hyundai Motor grabs triple win in World Car Awards
Transport
Apr 2, 2024
Hyundai Motor Group has once again triumphed at the 2024 World Car Awards, with its vehicles being named World Car of the Year, World Electric Vehicle, and World Performance Car of the Year. The World Car Awards is an annual event organized by automotive journalists globally to honor excellence in the car industry across multiple categories. This accolade marks the third consecutive victory for Hyundai Motor Group in the World Car of the Year and World Electric Vehicle of the Year categories, be
[Photo News] New Panamera in Korea
Transport
Apr 2, 2024
Porsche on Tuesday launched the new Panamera in the Korean market. The third-generation sporty sedan boasts the new plug-in hybrid model equipped with the newly developed electric motor and revised four-liter V8 turbo engine. The upgraded hybrid powertrain can create a system output of up to 650 horsepower. With the advanced battery, the new plug-in hybrid vehicle can drive up to 91 kilometers on a single charge. The prices of the new Panamera 4 and Panamera Turbo E-Hybrid begin at 176.7 million
Hyundai Motor's March sales down 3.7 pct on weaker demand in S. Korea
Transport
Apr 1, 2024
Hyundai Motor, South Korea's leading automaker, said Monday its monthly sales fell 3.7 percent in March from a year earlier due to sluggish demand in its home market. Hyundai Motor sold 369,132 vehicles last month, down from 383,396 units a year ago, the company said in a statement. Domestic sales sank 16.1 percent on-year to 62,504 units last month, and exports edged down 0.7 percent to 306,628 units during the cited period. Hyundai Motor said it sold 15,302 sedans, including 6,100 Grandeu
[Contribution] The Caribbean Dream comes true through industrial ODA
Industry
Apr 1, 2024
By Lee Seong-woo Vice president of the Korea Chamber of Commerce and Industry The Caribbean Sea, adorned with over 7,000 islands, lies to the east of Central America, where it meets the Atlantic Ocean. For many Koreans, this tropical paradise brings to mind the waterpark Caribbean Bay or the film series Pirates of the Caribbean. Yet, this region is plagued by frequent natural disasters, including earthquakes, hurricanes, volcanic eruptions, heavy rains and landslides. Sadly, most Caribbean cou
Internet-only banks soar past W100tr in assets
Industry
Apr 1, 2024
Last year witnessed remarkable growth for South Korea's three internet-only banks, as their combined value surged past the milestone 100 trillion won ($74 billion). The aggregate assets of Kakao Bank, K bank and Toss Bank reached approximately 101.61 trillion won by the end of last year, marking a substantial 27 percent increase from the previous year's 79.5 trillion won. Kakao Bank led the pack with total assets of 54.48 trillion won, followed by Toss Bank with 25.73 trillion won and
Pharmaceutical rivals partner for Fexuclue's sales
Industry
Apr 1, 2024
Daewoong Pharmaceutical has partnered with Chong Kun Dang for local sales of the gastroesophageal reflux disease (GERD) treatment Fexuclue, the country’s 34th new drug, the company said Monday. Fexuclue is a potassium-competitive acid blocker (P-CAB)-based GERD treatment that is designed to improve the shortcomings of proton pump inhibitor (PPI) drugs, such as slow onset of action and dietary effects. P-CABs have the longest half-life of up to nine hours among GERD medicines and have a lon
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[KH Explains] No more 'Michael' at Kakao Games
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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