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Gov't to spend W95b to support reforms at 41 public hospitals in H1
[Today’s K-pop] Stray Kids go gold in US with ‘Maniac’
Seoul alerts overseas missions to NK terror threats
KASA chief vows full support for private-led space missions
Medical schools to increase up to 1,509 seats for 2025
Yoon's office to set up task force to keep growth momentum
Public backlash against division of Gyeonggi Province under 'corny' name
Inflation eases in April, continues bumpy ride
US Fed says rates will stay at 2-decade high
Celltrion seeks bigger footing in South America
LG CNS enters steel scrap market
Seoul shares snap 3-day rise after FOMC decision
Opposition-led Assembly unilaterally passes bill to probe Marine's death
Global X Canada debuts as Mirae Asset aims unified global ETF brand
[Herald Interview] Former IEA chief calls for strong global governance to achieve net zero
‘Inside Out 2’ adds four new emotions, explores teenage life
Kakao’s SM takeover gets conditional green light
Seoul to loosen building height restrictions after 50 years
Mercedes-Benz Financial names new Korea chief
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SK hynix foreign ownership peaks…Will share prices soar?
Mar 9, 2024
Foreign investors have been flocking to SK hynix, South Korea’s chipmaker, driving their ownership to record highs. As the chipmaker’s foreign ownership is reaching a peak, market insiders and domestic investors are paying attention to whether the company’s share prices will go further. According to the Korea Exchange on Saturday, foreigners held 54.35 percent of SK hynix shares as of Thursday, the last day for which data is available, the highest level ever. The foreign owne
Lotte E&C reduces liabilities by securing $1.7 billion
Mar 7, 2024
South Korean embattled builder Lotte E&C announced Thursday that it has successfully completed a 2.3 trillion won ($1.7 billion) real estate project financing (PF) fund, which was raised in collaboration with commercial banks and other financial institutions. This financing was fully funded, along with an additional 500 billion won secured by the company, which has suffered from liquidity crisis. The long-term fund of 2.3 trillion won, established last month with the participation of five b
4 carmakers to recall nearly 70,000 vehicles for faulty parts
Mar 7, 2024
Hyundai Motor, BMW Korea and two other carmakers will recall nearly 70,000 vehicles due to faulty components, the transport ministry said Thursday. The four companies, including Kia and Stellantis Korea, are voluntarily recalling a total of 69,044 units of 43 different models, the Ministry of Land, Infrastructure and Transport said in a statement. The problems that prompted the recall include poor durability of engine oil supply pipes in 22,803 units of the EQ900, G80 and G70 models of Genesis
Seoul court upholds injunction to keep SK hynix official from moving to Micron
Mar 7, 2024
South Korean semiconductor powerhouse SK hynix has won a non-compete injunction against a former researcher who left to work for its US chipmaking rival Micron Technology, sources said Thursday, amid an intensifying race for cutting-edge artificial intelligence (AI) chips. Last month, a Seoul court granted an injunction filed by SK hynix, preventing the researcher from joining and working for Micron until July 26, according to the sources. It also ordered him to pay 10 million won ($7,500) for
Posco mulls LFP joint venture with Chinese firm
Mar 7, 2024
A top executive of Posco Holdings has hinted at a potential joint venture with a Chinese company for the production of lithium iron phosphate (LFP). Kim Jun-hyung, head of eco-friendly future materials at Posco, revealed the suggestion during a meeting with reporters at the company's booth at the Interbattery 2024 exhibition in Coex, southern Seoul, on Wednesday. Kim mentioned the strong presence of Chinese companies in the LFP sector, highlighting the historically good relationships that some
Samsung Galaxy S24 Ultra tops best smartphone list
Mar 6, 2024
Consumer Reports: S24 Plus ranks third, S23 Ultra climbs four spots Samsung Electronics' Galaxy S24 Ultra AI smartphone has clinched the top spot in a recent smartphone assessment by US Consumer Reports. Scoring 87 overall, it outperformed Apple's iPhone 15 Pro Max (86). The evaluation lauded the Galaxy S24 Ultra across various metrics, highlighting its reliability, satisfaction, camera quality, display brilliance, durability, performance, sound output, user-friendliness, and calling ca
Korea on guard against inflation
Mar 6, 2024
Experts remain ambivalent about ‘sticky’ inflation
Korean firms eye chances in net zero, global market: ChatGPT report
Mar 6, 2024
Early adoption of AI technology would be decisive factor for market positioning
[From the Scene] Korean battery giants showcase new tech amid rivalry with China
Mar 6, 2024
South Korean battery makers presented advanced battery technologies and expanded product offerings in response to the competitive pressure from Chinese manufacturers and a decelerating electric vehicle market at the Interbattery 2024 conference that kickstarted on Wednesday. This year's event broke records, drawing an audience of 42,872 pre-registered attendees, a 77 percent increase compared to last year. LG Energy Solution took center stage with the event's largest booth, spanning 540 squar
Samyang to ramp up ramyeon production for US exports
Mar 6, 2024
Korean food manufacturer Samyang Foods on Wednesday held a groundbreaking ceremony for its new plant in Milyang, South Gyeongsang Province, as the company aims to capitalize on the growing global popularity of its spicy ramyeon brand, the Buldak series, especially in the US market. The new plant, set to be completed by 2025, will have an annual production capacity of 560 million units. With the addition of the new plant, the company's combined production capacity will surge to 2.36 billion uni
LG, LS join hands for smart factory leadership
Mar 6, 2024
LG Electronics and LS Electric have teamed up to enhance their smart factory leadership and foray into overseas markets together, the companies said Wednesday. Their strategic alliance, formalized through a memorandum of understanding signed Tuesday, aims to leverage the combined technological prowess and market influence of both entities to forge advancements in the smart factory sector, including digital solutions, automation, and energy efficiency. LS Electric is set to contribute its core
NH Bank cracks down on W11b internal failure
Mar 6, 2024
A NongHyup Bank employee is being investigated by local police for possible embezzlement reaching nearly 11 billion won ($8.2 million), the bank disclosed on Wednesday. The bank's internal investigation revealed a financial irregularity that could extend up to 10.95 billion won, which is the total amount of the financial products the accused employee had handled at the related department between March 2019 until November last year. According to an official from the bank, a 1.2 billion won dis
Dong-A Otsuka pledges ‘zero plastic’ on 45th anniversary
Mar 6, 2024
Korean beverage maker Dong-A Otsuka on Tuesday announced its “zero plastic” goal, renewing its commitment to sustainable management on the company's 45th anniversary. Under the new goal, the company aims to increase the use of sustainable plastic by 50 percent by 2030 and complete a 100 percent transition to sustainable plastic by 2050. As part of its efforts, the company will start adopting eco-friendly PET (polyethylene terephthalate) this year and reduce the use of plastic mater
Samsung may build Google’s next Tensor chip: sources
Mar 6, 2024
Samsung Electronics' foundry division is expected to get a boost as Google reportedly plans to build its new Tensor G4 chipset based on Samsung’s latest Exynos 2400 blueprint, according to industry sources on Wednesday. Google's new Pixel 9 smartphone is set to launch in the latter half of this year, and it is highly anticipated to incorporate the upcoming Tensor G4 chipset. SamMobile and other industry sources predict Samsung Foundry to produce Google's new chipset leveraging its advan
KT&G to face fierce battle to appoint new CEO at shareholder meeting
Mar 6, 2024
KT&G, South Korea's dominant cigarette maker, is expected to face a fierce battle to appoint its new chief executive at an upcoming shareholder meeting, as an activist fund is seen lining up with the company's largest shareholder, observers said Wednesday. Appointing a new chief executive, which would mark KT&G's first leadership change in nine years, and an outside director are two main agenda items for the company's annual shareholder meeting set for March 28. Last month, a committee
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[Music in drama] Rekindle a love that slipped through your fingers
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
On May Day, labor unions blast Yoon's foreign nanny proposal
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Seoul Metro to seek legal action against malicious complaints
Illit, mired in controversy, remains on Billboard charts for 5th week
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[KH Explains] Will alternative trading platform shake up Korean stock market?
S. Korea lowers COVID-19 warning level, lifts last-remaining antivirus mandates
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