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[Takatoshi Ito] How risky is Japan‘s monetary-policy normalization?
[Anya Schiffrin, Dylan W. Groves and Joseph E. Stiglitz] Quality journalism is more important than ever
[Editorial] W100m childbirth incentive
Landers slugger Choi Jeong becomes new KBO career home run leader
NewJeans fans send protest truck against agency chief in conflict with Hybe
Korean premiere of Neumeier's 'The Little Mermaid' brings tale of love, sacrifice to stage
[Herald Interview] Kukje Gallery's Lee Hyun-sook brings Korean artists to Venice Biennale
Rocket engine expert, ex-NASA exec to lead Korea's new space agency
[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
SK hynix pledges W20tr to ramp up DRAM production at home
Nicaragua shuts down Seoul embassy
[Herald Interview] 2 new villains in ‘The Roundup: Punishment’ differentiate themselves in the details
Samsung Biologics Q1 earnings hit all-time high
SK Leaveo to produce biodegradable wet wipes
Orion's Turtle Chips sales soar in US
Ministry denies blame for Jamboree debacle
[News Analysis] After election defeat, where is ex-PPP leader headed?
Hybe's multilabel system tested amid conflict with Ador
[Today’s K-pop] Stray Kids float teaser for Charlie Puth collaboration
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Baemin pays out W400b in dividends to Delivery Hero
Mar 29, 2024
South Korea’s leading food delivery app Baedal Minjok, or Baemin, posted a 65 percent growth in operating profit last year, achieving a significant surplus for the second consecutive year. As a result, its German parent company, Delivery Hero, received some 412.7 billion won ($306 million) in dividends for the first time since acquiring Baemin. Baemin's app operator Woowa Brothers announced Friday that its consolidated sales reached 3.41 trillion won last year, marking a 15.9 percent
[Investor] Korea M&A Exchange secures investment from Japan
Mar 29, 2024
Korea M&A Exchange, Korea's premier M&A trading platform, has successfully secured a 500 million yen ($3.35 million) investment from Nihon M&A Center, Japan's leading M&A trading platform. A ceremony to mark the agreement between Korea M&A Exchange and Nihon M&A Center was held Thursday at Korea M&A Exchange headquarters in Yeouido, Seoul. As part of the agreement, Nihon M&A Center will acquire approximately 10 percent of Korea M&A Exchange's sh
City Oil Field to export oil coverted from waste plastic to Vietnam
Mar 29, 2024
South Korean environmental and energy solution provider City Oil Field, said Friday it signed a contract to supply decomposition oil derived from waste plastic to Vietnam’s Nam Anh Joint Stock Company. City Oil Field CEO Jeong Yeong-hun and Nam Anh JSC CEO Van Vien Thong signed the purchase agreement at the Vietnam firm’s headquarters in Ho Chi Minh, Thursday. Under the contract, City Oil Field will supply plastic waste derived oil including naphtha produced from its facilities in So
Hana Financial teams up with Credit Agricole to expand presence in Europe
Mar 29, 2024
Hana Financial Group, one of South Korea's top four finance conglomerates, has joined hands with Credit Agricole Corporate and Investment Bank to strengthen cooperation in expanding its business in Europe, the firm said Friday. The two entities have signed an agreement to expand cooperation in corporate and investment banking, treasury and trade finance, and financing for environment, social and governance-related initiatives. Hana Financial Group Vice Chair Lee Eun-Hyung, Xavier Musca, the
Dongwon Group heir promoted to chair
Mar 29, 2024
Dongwon Group Vice Chairman Kim Nam-jung, second son of the group's founder and honorary chairman Kim Jae-chul, was promoted to chairman at the group's board meeting held Thursday. Kim’s promotion fills the position which had been vacant for five years since the retirement of the honorary chairman in 2019. "We will inherit the achievements and management philosophy of honorary chairman Kim Jae-chul, who has led the Dongwon Group for the past 50 years, and discover future g
Samsung opens AI TV experience zone in Singapore Changi Airport
Mar 29, 2024
Samsung Electronics said Friday it has opened a new TV experience zone in Singapore's Jewel Changi Airport -- the lush entertainment and retail complex connecting Changi Airport's terminals 1, 2 and 3 -- to introduce its latest products. The tech giant will display there its newest products, including the 2024 Neo QLED 8K TV, equipped with a third-generation artificial intelligence 8K processor, and OLED TVs that preserve color accuracy and reduce reflections while maintaining image sh
Hanmi-OCI merger called off
Mar 28, 2024
The expected merger between OCI Group and Hanmi Group has been called off after a general meeting of shareholders at Hanmi Science, the holding company of Korea's leading drug firm Hanmi Pharmaceutical, on Thursday. The management conflict within the founding family has also temporarily ended as Lim Jong-yoon and Lim Jong-hoon, the first and second sons of founder Lim Sung-ki, secured enough seats on Hanmi Science’s board to stop the merger. "(OCI) humbly accepts shareholders
Korea’s CMO ramp-up lures biotech investors
Mar 28, 2024
South Korea’s growing biopharmaceutical production capacity is increasingly making the country an attractive investment destination for global life science companies, industry sources said Thursday. Since 2016, global pharmaceutical and biotech firms started building their research and development centers and production facilities in Korea, especially within the Songdo Bio Cluster in Incheon, where the biopharmaceutical production capacity has reached 1.2 million liters, the world’s
Bang Kyung-man named as KT&G's new CEO
Mar 28, 2024
KT&G's Senior Executive Vice President Bang Kyung-man has cleared the final hurdle to become the company's CEO by winning shareholders approval Thursday, marking the cigarette maker's first leadership change in nine years. The decision was made at the company’s 37th annual general meeting of shareholders, held at KT&G Human Resources Development Center in Daejeon. “I am deeply grateful to the shareholders for entrusting me with the honorable opportunity to serv
SKT marks 40th anniversary with new emblem
Mar 28, 2024
Marking the 40th anniversary of its founding, SK Telecom, South Korea's largest wireless carrier by the number of accounts, promised to transform into a global artificial intelligence company, Thursday. The mobile carrier, first established in March 1984 under the name, Korea Mobile Telecommunication Services Corp., celebrates its 40th anniversary on Friday. "SKT's 40 years of achievements were made possible by its unique DNA of overcoming challenging situations and creating a his
Posco Future M named in Fortune's top 30 Asian innovators
Mar 28, 2024
Korean battery material and chemical company Posco Future M has been recognized by Fortune Asia as one of the top 30 most innovative companies in Asia, set to drive future growth, the company said on Thursday. The 2024 Fortune Asia Future 30 award was presented at the Fortune Innovation Forum in Hong Kong on Wednesday. Posco Future M's progress from traditional industrial materials to leading-edge sectors like cathode material production has been marked by significant achievements, includin
[KH Explains] How CJ Olive Young became rare success story in beauty retail
Mar 28, 2024
Popular K-beauty store outpaced Amorepacific, LG H&B in sales last year, fueling speculation of imminent stock debut
[Photo News] LG Twin Towers refurbished
Mar 28, 2024
LG Group said Thursday it has completed the renovation of its Twin Towers headquarters in Yeouido, western Seoul -- the first refurbishment since the building was completed in 1987. The lobby, arcade and floor space of the lower part of the buildings have been revamped to reflect employee opinions under the theme of “Connection.” LG said the most popular new feature is the upgraded fitness center. (LG Group)
Hyundai Hillstate Unjeong starts sales for apartment units
Mar 28, 2024
Hyundai Engineering & Construction said Thursday that it has started pre-sales of the remaining properties of Hillstate the Unjeong, a mixed residential and commercial apartment complex located in Paju, Gyeonggi Province. The complex comprises a total of 13 49-story buildings, offering a total of 3,413 units, including 744 apartments and 2,669 residential offices. The apartment units are available in two sizes -- 84 square meters and 164 square meters. While the residential offices are fully
Banks offer W600b to share profits
Mar 27, 2024
Korean banks have rolled out a financial package worth around 600 billion won ($444 million) to support small business owners and young people, with an aim to share their profits, according to the Korea Federation of Banks, an organization representing the lenders, Wednesday. The funding is a follow-up to a financing plan worth 2.1 trillion won issued in December amid regulatory pressure to share the profits. While 1.5 trillion won was allocated for cash refunds for borrowers' interest paym
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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