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Hahn & Co shakes up Namyang Dairy's board to cement control
Daughter of late Samsung chairman becomes Samsung C&T president
ILO requests government's stance on its back-to-work order for doctors
More S. Koreans voice dissatisfaction with overseas e-commerce platforms in 2023
Banks rush to cough up misselling compensation
Baemin pays out W400b in dividends to Delivery Hero
[Today’s K-pop] Zerobaseone to appear on Japan TV special
[Investor] Korea M&A Exchange secures investment from Japan
GTX-A commuter line to launch 1st leg Saturday
New GTX line connecting Dongtan, Suseo in 20 min. to launch Saturday
Seoul shares end almost flat ahead of key US inflation report
[Herald Interview] Kim Ji-yeon, Jang Da-a stress zero tolerance for bullying via 'Pyramid Game'
City Oil Field to export oil coverted from waste plastic to Vietnam
J-Hope shows his passion for street dance in 'Hope On The Street Vol. 1'
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
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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
SK Bioscience exports cell-cultured flu vaccines to Thailand
Industry
Mar 21, 2024
South Korean pharmaceuticals firm SK Bioscience said Thursday that it exported its cell-cultured flu vaccine, SKYCellflu, to Thailand, marking its first entry into a market with southern hemisphere requirements. The company shipped out approximately 440,000 doses of SKYCellflu to its Thai partner Biogenetech from its vaccine manufacturing facility in Andong, North Gyeongsang Province. SKYCellflu, the world's first cell-cultured flu vaccine endorsed by the World Health Organization, aligns w
AliExpress to open bidding for logistics partner in Korea
Industry
Mar 21, 2024
Chinese e-commerce giant AliExpress has chosen to solicit open competitive bids in Korea instead of extending its delivery contract with CJ Logistics, set to expire in April. According to industry sources Thursday, AliExpress recently submitted bid proposals to major logistics firms here to handle customs clearance and parcel delivery services. The new contract period, which reportedly spans one year from May, is seen as AliExpress' cost-saving measure, according to sources. In addition to
[Photo News] All-black Genesis G90
Transport
Mar 21, 2024
Genesis unveiled the G90 Black on Thursday, refining its flagship sedan with an exclusive all-black design theme known as Genesis Black. The new theme dresses every element, from the grille to the 21-inch wheels, in a deep and consistent shade. Inside, the cabin mirrors this theme with black semi-aniline leather seats, wood trim and aluminum details. The car is on sale now with a starting price of 138 million won ($104,000). (Hyundai Motor Group)
[Photo News] Commerce & industry day
Industry
Mar 20, 2024
President Yoon Suk Yeol (center) and business leaders attend this year's Commerce & Industry Day ceremony held in Seoul on Wednesday. From right: LG Group Chairman Koo Kwang-mo, Hyundai Motor Group Executive Chair Chung Euisun, Samsung Electronics Chairman Lee Jae-yong, Minister for Trade, Industry and Energy Ahn Duk-geun, Yoon, and K Group Chairman Chey Tae-won who doubles as chairman of the Korea Chamber of Commerce and Industry. (Yonhap)
[Photo News] Samsung president wins top industrial honor
Industry
Mar 20, 2024
Samsung Electronics Executive President Lee Young-hee, who is in charge of global marketing for mobile devices, poses with South Korean President Yoon Suk Yeol after receiving the Gold Tower Order of Industrial Service Merit in Seoul on Wednesday. Lee is credited for raising the brand value of Samsung. In 2022, she became the first female president at Samsung, apart from members of the founding family. (Yonhap)
Samsung vows to seize opportunity of AI
Industry
Mar 20, 2024
Top executives hold first open talk session with shareholders
NCSoft maps out co-CEO scheme to recover profits
Companies
Mar 20, 2024
NCSoft, a leading South Korean gaming firm traditionally led by its founder, Kim Taek-jin, as the sole CEO, mapped out its historic shift to a co-CEO structure, introducing Park Byung-moo as co-CEO to streamline operational efficiency and diversify its business portfolio amid significant financial difficulties. The two co-CEOs explained the dual-leadership strategy during a media briefing broadcast on NCSoft's official YouTube channel on Wednesday. Under this new arrangement, Kim will focus
Myeong-dong bustles again as retail shops fill up
Industry
Mar 20, 2024
From Apple to Lululemon, big-name brands flock to revive popular shopping district
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Korea enters full election mode
Seoul bus drivers go on general strike, cause morning rush hour delays
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Immigrant woman stabbed to death by Korean husband
Lee Jong-sup resigns as envoy to Australia
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Official campaigning kicks off for April 10 elections
Yellow dust engulfs S. Korea, advisory alert issued
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S. Korea to boost support for single-parent families
Court upholds jail term for man who attempted to murder ex-girlfriend
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Kia EV9 wins world car of year
Korea misses out on global bond index boost
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