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Yoon to hold bilateral talks with leaders of Japan, Canada, Australia
Wiz walk off Twins to stay alive in KBO postseason
MBK says not to raise tender offer price for Korea Zinc amid management battle
Festival bigwigs from across globe gather at Busan's performing arts market
[Herald Interview] 'Busan is transforming into performing arts hub'
[Herald Design Forum] Boundary-pushing experts share insights at Herald Design Forum 2024
[Herald Design Forum] Motion graphic designer Kim Gyrun shares inspirational journey in video game
More deaths in ICU following doctors' mass walkout: lawmaker
North Korea notifies UN Command of plans to fortify border with South
Korea added to key bond index
LS Group on smooth sail for double growth by 2030
Will Apple quit smart ring race with Samsung?
Security issues to take center stage at ASEAN summit
[Herald Interview] Innovation, people key to Korea's energy transition: ABB CCO
Hyundai, Singapore bolster R&D ties in hydrogen, manufacturing
[KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?
Paris Baguette expands presence in Southeast Asia
[Herald Design Forum] Communication key for visual effects, motion graphics
Patients opting to die with dignity on steady rise
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LG Chem seeks to foster more flexible corporate culture
Jul 21, 2023
South Korea’s largest chemical company LG Chem said Friday it is accelerating efforts to create a more flexible corporate culture and foster better communication between executives and employees. As part of related efforts, the company recently launched its new initiative called the CEO Discussion Table, which brings together CEO Shin Hak-cheol and junior employees to freely exchange their opinions on the company’s key strategies and business directions. Through the non-hierarchica
SK Chemicals shares soar on AstraZeneca deal
Jul 21, 2023
Shares of SK Chemicals soared sharply Friday, a day after the chemicals and drug developer announced that it signed a contract manufacturing deal for British-Swedish multinational pharmaceutical and biotechnology company AstraZeneca’s diabetes medicines. Its shares started at 79,800 won ($62.27) as of 9 a.m., a 23 percent jump from the previous trading day. In the afternoon, the stocks were traded slightly lower at 72,200 won, still up around 11 percent from a day ago. In its regulatory fi
HMM put up for sale for 'at least' W5tr
Jul 21, 2023
The state-run Korea Development Bank and Korea Ocean Business Corp., the two largest shareholders of debt-ridden shipping company HMM, are seeking to sell their shares for at least 5 trillion won ($3.9 billion), according to industry sources Friday. The two organizations said they are selling a combined 40.65 percent controlling stake in HMM, together with perpetual convertible bonds worth 2.68 trillion won. A perpetual bond has no maturity date and can be converted into equity. From 2018 to 2
Museum for late Samsung chief’s art collection gets regulatory approval
Jul 21, 2023
A new art museum featuring some 23,000 artworks collected by the late Samsung Group Chairman Lee Kun-hee is expected to be built in central Seoul in 2028 after getting regulatory approval Thursday. The museum was one of the six construction projects whose feasibility reviews gained approval from the Ministry of Economy and Finance. Following his death in 2020, his family donated a total of 23,181 art pieces previously owned by Lee. The collection includes various masterpieces by renowned Korean
Public Procurement Service supports suppliers for overseas expansion
Jul 21, 2023
South Korea’s government procurement agency said Friday it is ramping up support for local companies to accelerate their expansion into overseas markets and boost the nation’s exports overall. Affiliated with the Ministry of Economy and Finance, the Public Procurement Service oversees and manages contracts of goods, services and construction to facilitate the procurement and supply of goods for the public sector. PPS Administrator Kim Yoon-sang also renewed the agency’s commitm
[Herald Interview] Urbanbase seeks overseas expansion with AI-based home furnishing technology
Jul 20, 2023
Korean proptech eyes bigger presence in Japan, with Singapore being next target market
KB Financial embarks on CEO selection process
Jul 20, 2023
KB Financial Group on Thursday announced the details of its candidate selection process for a new chairman ahead of the upcoming shareholders’ meeting, set to take place in November. The group's Chairman Candidate Recommendation Committee held its first meeting on Thursday and decided on the procedure to shortlist candidates. On Aug. 8, the committee plans to draw up a shortlist of six candidates, and on Aug. 29, it will conduct the first round of interviews and narrow down the sh
FTC levies W41b price-fixing fine on Korean vaccine makers
Jul 20, 2023
South Korea's antitrust regulator on Thursday announced it has decided to assess 40.9 billion won ($32.3 million) of fines for 32 pharmaceutical firms and wholesalers for colluding to secure orders for the government’s vaccine procurement bids. The 32 companies included global pharmaceutical firm GSK, GC Biopharma, Yuhan, Boryung and SK Discovery, which has SK Plasma and SK Bioscience as subsidiaries. Under the the Fair Trade Commission's decision, Korea Vaccine Sales will receiv
SK Square closes W860b stake sale of SK Shieldus
Jul 20, 2023
SK Square, the investment arm of SK Group, has completed the process of selling a portion of its stake in its security service subsidiary SK Shieldus to EQT Partners, a private equity fund operated by Sweden's largest conglomerate, the Wallenberg Group, a filing showed Thursday. SK Square said it has sold 28.82 percent of its stake in Korea Security Holdings, the parent firm of SK Shieldus, for about 860 billion won ($684 million). EQT Partners acquired a 36.9 percent stake in SK Square and
Conglomerates team up to support rain victims
Jul 20, 2023
Samsung, SK, Hyundai, LG donate a combined W10b
Samsung Pay to stay commission-free to counter Apple Pay’s expansion
Jul 20, 2023
Samsung Electronics announced Wednesday that it will not charge any fees to card issuers in Korea for its digital wallet service, Samsung Pay. "We have decided to keep Samsung Pay commission-free," a Samsung official said in a statement. “Samsung Electronics is dedicated to enhancing the development of the domestic payment ecosystem by maintaining ongoing partnerships with local card companies, all while delivering the finest Samsung Pay service to consumers.” Samsung has
[Graphic News] Number of airline passengers in H1 reaches 84% of 2019 levels
Jul 20, 2023
South Korean travelers using Korean air carriers reached nearly 84 percent of pre-pandemic levels in the first half of this year, government data showed. From January to June, the number of passengers on domestic and international routes amounted to 53.4 million, or 83.9 percent of the tally reported during the same period in 2019, the Ministry of Land, Infrastructure and Transport said in a press release. The number of passengers on domestic routes in the first half of 2023 stood at 32.7 millio
Adidas rolls out limited edition Son Heung-min football cleats
Jul 19, 2023
Adidas launched limited edition soccer cleats dedicated to Tottenham’s Son Heung-min on Tuesday, to commemorate 15 years of sponsorship. The Son Heung-min edition, called the HMS Pack, is available at the official online stores, the Adidas flagship store in Myeong-dong, Gangnam Brand Center, Hongdae Brand Center and soccer gear stores. The HMS Pack comes in three models. The laceless FG model is priced at 319,000 won ($252), TF models for male adults at 129,000 won, and TF J models for wom
HD Hyundai scores world’s biggest LCO2 carrier order
Jul 19, 2023
Korean shipbuilder inks contract for 2 ships worth W179b with Greek firm
[Photo News] Fly with BTS
Jul 19, 2023
South Korean budget air carrier Jeju Air on Wednesday unveiled a BTS-themed airplane as an official partner for the 2023 BTS Festa, a celebration of the K-pop group’s 10th anniversary. The airplane will fly passengers on Jeju Air’s international routes until the year-end.
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S. Korea, Singapore seal supply chain agreement
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Conscripting women to lead to 'more babies,' claims military think tank
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Taking away phones during school hours not a human rights violation: watchdog
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Korea launches antidumping probe into Chinese steel
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