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Hana Financial teams up with Credit Agricole to expand presence in Europe
Dongwon Group heir promoted to chair
Soyanggang Skywalk to be renovated until mid-April
Gyeongju's Daereungwon to become car-free on Fridays, Saturdays in April
Spycams found at polling stations, police suspect far-right YouTuber
Man jumps out of car to escape kidnappers
'Smart crosswalk' deactivates kids' smartphones for fewer traffic accidents
Samsung opens AI TV experience zone in Singapore Changi Airport
Lee Jong-sup resigns as envoy to Australia
Jeju tangerine orchard owner arrested for intentionally poisoning birds
Yellow dust engulfs S. Korea, advisory alert issued
Govt. vows not to backtrack increased medical school admission quotas despite doctors' walkout
MLB debut a dream-come-true moment for Giants outfielder Lee Jung-hoo
Industrial output rises for 4th month; retail sales fall in February
Seoul shares start nearly flat ahead of US inflation data
UNSC fails to extend mandate of expert panel monitoring NK sanctions enforcement
[Travel Bits] Festivals, sights across Korea
[Well-curated] High-end graffiti, LP bar and Gwanghwamun on roller coaster
[Around the hotels] Promotions and packages
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KB Financial Group names first woman board chair
Industry
Mar 24, 2024
KB Financial Group picked banking expert Kwon Seon-joo as its board chair, making her the first woman to serve in the role. The decision was approved at a board meeting on Friday. With over 30 years of experience in the financial industry, Kwon served as the CEO of the Industrial Bank of Korea from 2013 to 2016. She was the first woman to take the top position at a local bank. She joined KB Financial Group's board as an outside director in 2020. Kwon currently serves as the head of Women Co
Hyundai Motor to double E-pit fast chargers by 2025
Transport
Mar 24, 2024
Hyundai Motor Group revealed on Sunday its plans to double the number of its ultra-fast chargers for electric vehicles in South Korea to 500 by 2025. As of March, the group operates 286 E-pit EV chargers in 54 locations in Korea. This initiative kicked off in April 2021, with a modest yet strategic deployment of 72 chargers distributed over 12 key rest stops on highways. Achieving the 2025 target of 500 units would mean a 600 percent increase from 2021. E-pit is Hyundai Motor Group’s ultra
Executives get paid 11 times more than average employees: report
Industry
Mar 24, 2024
The average salary of an executive of a major South Korean corporation is almost 11 times that of an average employee working at those companies, a report by an online think-tank monitoring local conglomerates showed Sunday. Chaebol.com analyzed the salaries of the people working for 162 subsidiaries of 20 major conglomerates in South Korea in the 2023 fiscal year, and found that the executives of those companies get paid an average salary of 1.09 billion won ($810,000) a year, compared to 99.6
Woori Bank first to start ELS compensation
Industry
Mar 22, 2024
Woori Bank to start compensation process as early as next week
[Test Drive] Hyundai Staria hybrid presents standard of multi-purpose vehicle
Transport
Mar 22, 2024
Korean automaker eyes to export new minivan to global markets within 2024
Hyundai Motor to provide wheels for Korea-Africa summit in June
Transport
Mar 22, 2024
Hyundai Motor Group said Friday that it had joined hands with the Korean government’s preparatory committee to provide official transportation at the first Korea-Africa summit in June. Under the partnership, the automaker’s luxury brand Genesis will offer a total of 119 vehicles -- 77 units of the G90 flagship sedan and 42 units of the G80 luxury mid-sized sedan during the Korea-Africa summit slated to be held between June 4 and 5 in Seoul and Gyeonggi Province. The Genesis G90 has b
Korean Air to sign $13.7 bln deal to buy 33 Airbus A350 jets
Industry
Mar 21, 2024
Korean Air Co., South Korea's No. 1 flag carrier, said Thursday it plans to sign a $13.7 billion deal with Airbus to buy 33 units of its latest A350 series aircraft. The company said the deal, which includes 27 A350-1000s and six smaller-sized A350-900s, will be clinched to supplement its long-term fleet operations as it retires its older aircraft. The A350-1000 is the largest in the A350 family, accommodating up to 410 passengers, and uses advanced composite materials to reduce fuel cons
Samsung Display to pay out dividends for 1st time
Companies
Mar 21, 2024
Samsung Display Co. said Thursday it will pay out dividends for the first time since its establishment in 2012, a move that will lead its parent company Samsung Electronics Co. to receive about 5.6 trillion won ($4.2 billion) in dividends. At a shareholders' meeting Tuesday, Samsung Display decided to deliver 25,400 won per share in dividends totaling 6.65 trillion won, the company said in a regulatory filing. Samsung Electronics is the top shareholder of Samsung Display with an 84.8 perc
SK chief wins 2nd term as KCCI chair
Industry
Mar 21, 2024
SK Group Chairman Chey Tae-won was elected to head the Korea Chamber of Commerce and Industry, the nation's largest business lobby, for a second term, vowing to make more policy proposals to bring about disruptive innovation across industries. Chey was sworn in as the 25th chair of the KCCI after earning unanimous support from regional chamber leaders at the extraordinary general meeting held in Seoul on Thursday. He will serve his new three-year term until March 2027. In his inaugural re
Galleria's foreign customer sales surpass pre-pandemic levels
Industry
Mar 21, 2024
Galleria Department Store, one of the nation’s leading luxury goods retailers, said Thursday that its sales to customers of foreign nationality soared to all-time highs in the first two months of this year, surpassing pre-pandemic levels. Its luxury brand stores posted 10 billion won ($8.4 million) and 7.5 billion won in sales to foreign customers in January and February, respectively, marking a 166 percent jump from the same period last year. "Foreign customer sales hit 26 billion wo
[Herald Interview] Mercedes-Benz focused on ‘great brand experience’
Transport
Mar 21, 2024
Korean chief hints at expanding high-power charging network in EV push
Chang In-wha takes helm at Posco
Industry
Mar 21, 2024
Posco veteran pledges to secure leadership in both steelmaking, battery materials
Merck to invest 300m euros in new bioprocessing center in Korea
Industry
Mar 21, 2024
German pharmaceutical group Merck Life Science said Thursday the company will invest around 300 million euros ($326 million) to build a new bioprocessing complex in South Korea, its largest investment yet in the Asia-Pacific region. The new investment comes as the company renews its commitment to expanding its production capacities for biotech products in the fast-growing market. It also aims to boost the overall biotech industry in the region, saying the new facility alone will create some 300
HD Hyundai honors late founder
Industry
Mar 21, 2024
HD Hyundai commemorated the 23rd anniversary of the passing of its founder, Chung Ju-yung, with a dedicated memorial event held Thursday that paid homage to his enduring legacy. The tribute took place at the HD Hyundai Global Research and Development Center in Seongnam, Gyeonggi Province, and was marked by a traditional statue unveiling ceremony in memory of the late founder. HD Hyundai Chairman Kwon Oh-gap, Vice Chairman Chung Ki-sun, and executives from affiliates attended the ceremony. The ce
Hanwha develops extra-high voltage cable compound
Industry
Mar 21, 2024
South Korean petrochemical firm Hanwha Solutions said Thursday it has developed a proprietary extra-high-quality voltage cable compound to meet the surging global demand for advanced power grid infrastructure. Petrochemicals, derived from petroleum or natural gas, form the basis for advanced polymers used as insulation in extra-high-quality voltage cables. The company’s innovation is Cross-Linked Polyethylene, or XLPE, which enhances the heat resistance and efficiency of power cables throu
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
Korea enters full election mode
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Seoul bus drivers go on general strike, cause morning rush hour delays
Immigrant woman stabbed to death by Korean husband
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Official campaigning kicks off for April 10 elections
Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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Court upholds jail term for man who attempted to murder ex-girlfriend
S. Korea to boost support for single-parent families
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