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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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Woori Bank to compensate Mirae Asset's HK fund investors
Jul 19, 2023
With the increasing likelihood of losses occurring for investors of a fund worth 250 billion won ($197 billion) for a Hong Kong office building managed by Mirae Asset, Woori Bank has decided to provide partial compensation to its clients. Back in June 2019, Mirae Asset Securities financed the Goldin Financial Global Centre located in eastern Kowloon Bay, Hong Kong, using 250 billion won acquired through mezzanine financing. The 27-story landmark building with a gross floor area of 900,000 square
[Photo News] Support for multicultural families
Jul 19, 2023
Winners of the 15th Multicultural Family Award, hosted by Hana Financial Nanum Foundation, pose for a photo at the ceremony held at the financial group’s headquarters in central Seoul, Monday. Since its launch in 2009, the award aims to support the integration of immigrant women in South Korea. This year’s top winner is Ra Ji-won from Vietnam with 13 years of marriage with his Korean husband, who has served as a reliable mentor for newlywed immigrants in the country.
Korea-ASEAN startups to compete for sustainable development goals
Jul 19, 2023
South Korea’s SMEs and Startup Ministry and Indonesia’s Cooperatives and Small and Medium Enterprises Ministry are set to co-host the fourth Korea-ASEAN Business Model Competition for SDGs 2023, which will run from August through October. According to the organizing committee Wednesday, the annual competition, launched in 2020, aims to support the development of startups and SMEs from South Korea and Southeast Asian countries dedicated to achieving the Sustainable Development Goals
Asiana pilots' union tentatively OKs wage deal
Jul 19, 2023
Asiana Airlines Inc., South Korea's second-biggest carrier by sales, said Wednesday it has reached a tentative wage deal with its pilots' union for the 2019-2022 period. The tentative agreement came after two international and 10 domestic flights were canceled as around 100 Asiana pilots began a work-to-rule protest on June 7 for higher wages. Pilots only did what is stipulated by company policies and rules during the work-to-rule campaign. The campaign includes such tactics as the &qu
Prestige BioPharma joins White House-led Cancer Moonshot Project
Jul 18, 2023
Prestige BioPharma, a Singapore-based Kospi-listed pharmaceutical company said Tuesday that the company has joined the Cancer Moonshot Project, a White House initiative aimed at advancing cancer prevention and treatment. The Cancer Moonshot initiative was first launched in 2016 and relaunched in 2022 by US President Joe Biden. The goal of the initiative is to cut the cancer death rate by 50 percent in the next 25 years. Its first project will aim to reduce the cost of cancer care and research by
SK Biopharmaceuticals eyes $15b market cap by 2026
Jul 18, 2023
SK Biopharmaceuticals plans to increase its corporate value to $15 billion by 2026, largely buoyed by burgeoning sales of the company’s seizure treatment Xcopri, or cenobamate, said the company's CEO Lee Dong-hoon during a press conference in Seoul on Tuesday. Lee added that profits from Xcopri could be poured into mergers and acquisitions in the future, through which the company aims to diversify its product portfolio to include more biological medicines. According to SK Biopharmaceu
Lotte chief convenes CEO meeting to discuss growth strategy
Jul 18, 2023
South Korea's fifth-largest conglomerate Lotte Group on Tuesday held its biannual meeting of top executives to review business performances and seek ways for sustainable growth amid increasing market volatility and uncertainty. Some 80 executives, including Chairman Shin Dong-bin and Lotte Corp. CEO Lee dong-woo, attended the meeting, which it refers to as its "Value Creating Meeting," held at the Lotte World Tower in Seoul. According to the holdings unit, the executives examined
Mirae Asset’s ETF business exceeds $100b
Jul 18, 2023
Mirae Asset Global Investments revealed Tuesday that its exchange-traded fund business has surpassed $100 billion in assets under management. As of Tuesday, Mirae Asset manages a portfolio of 538 ETFs across various regions worldwide, spanning Korea, the US, Canada, Australia, and Japan. The total assets under management for these ETFs reached $100 billion, positioning Mirae Asset as the 13th-largest ETF provider globally in that measure. “Our global ETF franchise will serve as a strong fo
BC Card to build payment network in Uzbekistan
Jul 18, 2023
BC Card announced Tuesday that it has signed a memorandum of understanding with Uzbekistan’s state-run payment network operator National Interbank Processing Center to establish a payment network connecting the two countries. The signing event was held earlier in the day at the Central Bank of Uzbekistan in Tashkent, with BC Card CEO Choi Won-seok and NIPC Shukratbek Kurbanov CEO, in attendance. The latest deal marks the company’s third business expansion into Central Asian countri
Majority of Korean firms show support for foreign labor: survey
Jul 17, 2023
Major business lobby submits proposal to government advocating increase of foreign workers
Daewoo E&C, Poland’s ERBUD sign memorandum
Jul 17, 2023
Daewoo Engineering & Construction announced Monday that the South Korean builder has signed a memorandum of understanding with ERBUD, Poland’s third-largest construction firm, to carry out new projects in the European country, including the construction of nuclear power plants. The partnership was inked Friday in Warsaw as representatives from Daewoo E&C accompanied President Yoon Suk Yeol on his trip to Europe as members of the presidential delegation. The new partnership came in
Hyundai E&C to rebuild Ukraine's largest airport
Jul 17, 2023
Hyundai Engineering & Construction said Monday that the company would join a postwar reconstruction project in Ukraine, signing an agreement with Boryspil International Airport Corporation for the airport's future expansion project. Boryspil International Airport is the largest airport in Ukraine. Located about 29 kilometers southeast of Kyiv, the airport is responsible for 62 percent of the country’s passenger traffic and 85 percent of its airborne cargo shipping. Under the agree
Public affairs strategies reshaping at chaebol groups
Jul 17, 2023
From top envoys to presidential aides, ranking officials joining Korean conglomerates to add weight to their global affairs teams at home and abroad
Korea Post vows to strengthen ties with post alliance group
Jul 17, 2023
The state-run Korea Post said Monday that it plans to bolster cooperation with the Kahala Posts Group, an alliance of 11 postal operators, to enhance the quality of international mail services and joint market expansion. Korea Post Director General Kim Hong-jae presented the current status and performance of Korea’s international postal services and its goals while attending the Kahala Post Group's annual meeting in Paris, France, Thursday. KPG was launched in 2002 by six major postal
[KH Explains] SK hynix, Samsung compete head-on for HBM leadership
Jul 17, 2023
War of nerves between Korean rivals already heating up in still nascent memory chip market
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S. Korea, Singapore seal supply chain agreement
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Korean language teaching expert says demand has outstripped supply
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Conscripting women to lead to 'more babies,' claims military think tank
Who is pollster roiling politics with claims of government string-pulling?
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Taking away phones during school hours not a human rights violation: watchdog
Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
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Korea launches antidumping probe into Chinese steel
Korea added to key bond index
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