CEO Kim says company is developing ‘second generation’ electric car batteriesLG Chem CEO Kim Bahn-suk had much to say regarding the future of the car battery market and how the company plans to carve out a leading share of global markets. He also talked about LG Chem’s vision for its people, and how that vision helped turn the company around since he came to office in 2006, a time when LG Chem was

CEO reveals push for partnership with multinational pharmaceutical firmsKorea’s stem cell research is slowly showing signs of a renaissance as many scientists strive to mend its reputation, marred by a case of scientific fraud six years ago.Although the 2005 incident involving Prof. Hwang Woo-suk, once hailed as a global cloning pioneer, led to a slump in human embryonic stem cell study here, othe

Online retailer Tryst boasts price competitiveness but has yet to overcome credibility issuesA fresh online luxury retail channel is eying a slice of the pie in the conglomerate-dominated local market with price competitiveness and quality service.The launch of flash sale site Tryst on Wednesday, the first of its kind here, may be intriguing news for savvy Korean shoppers. The website can be descr

Groupon Korea, the new kid on the Korean social networking commerce scene, brushes off the worries and sniping about its somewhat subdued entry. “All of our options are open, and we want to try new things and experiment to get the gist of what works and what doesn’t,” said Hwang Hee-seung, Groupon’s chief executive told The Korea Herald in an interview.And the experiments will go on, said the 27-y

Doosan Engine Co., the world’s second-largest maker of ship engines, said orders may more than double this year as shipping lines resume fleet-enlargement plans and the company works to expand its non-marine businesses.Contracts may climb to 1.8 trillion won ($1.6 billion) from 890 billion won last year, chief executive Lee Sung-hee said in an interview at the engine maker’s headquarters in Changw

State-run mineral developer looks to Africa, South America to ensure stable supply of resourcesKorea Resources Corp. is at the forefront of Korea’s drive to secure stable supplies of natural resources including rare earths crucial to its high-tech economy.Global competition is growing to secure sources of 17 scarce metals used to make cutting-edge products such as mobile phones, electric cars, win

Shin Eun-hee has a unique duty in her role as a top executive. She not only supervises Korean operations of the Nielsen Company, a global information and media firm, but also Japanese operations, assuming the role of managing director for the two crucial markets in East Asia simultaneously. What’s more unusual is that Shin does most of her business here in Seoul. The convention is that regional CE

Building on the success in the market for premium smartphones last year, Samsung Electronics Co. hopes to make a splash in the mid-range smartphone segment, the president of its mobile business said Wednesday, as smartphones are expected to quickly become a mainstream device.   At the center of its push into the smartphone mass market will be the Android system and "bada," the company's 1-year-old