LG Chem has forged a deal with US energy giant ExxonMobil to secure up to 100,000 metric tons of lithium, a key material for cathodes used in electric vehicle batteries. According to the company, LG Chem Vice Chairman and CEO Shin Hak-cheol and ExxonMobil Senior Vice President Dan Holton signed a memorandum of understanding on Wednesday in Seoul. The deal price was not revealed immediately. Und...

A local online forum platform that been embroiled in series of crimes involving minors, has imposed a ban on underage users from writing in a forum about depression. DC Inside said Wednesday that underage users have been restricted from writing posts or replies on its "Depression Gallery," as part of the protection policy focused on minors recommended by the Korea Communications Commission. Inve...

The main opposition Democratic Party of Korea is planning to pass a bill that raises the threshold for a planned tax on virtual asset-related gains, up to 50 million won ($35,800) from the previously planned 2.5 million won, sources said Thursday. The original scheme for crypto tax gains would have taxed crypto-related income of over 2.5 million won per year starting January 2022, but it has bee...

In a step toward sustainable agriculture, Canadian fertilizer company Genesis Fertilizers has signed a $35 million front-end engineering design, or FEED, contract with South Korea's DL Engineering & Construction to develop a low-carbon nitrogen fertilizer plant in Saskatchewan. Genesis Fertilizers CEO Jason Mann highlighted the plant’s innovative approach, emphasizing its role in global food sec...

Yoo Joon-sang officially took office as the seventh president of the Korea UN Volunteer Corps on Tuesday, highlighting his vision to foster a culture of sharing and volunteering, aligned with the UN’s peace, development and human rights principles. During his inaugural speech at a ceremony held at the Crest 72 Glass Hall in Jung-gu, central Seoul, Yoo outlined three key priorities: strengthening...

LG Uplus, one of the nation's top three telecom carriers, announced Thursday that it has appointed Hong Bum-shik, head of corporate strategy at LG Corp., LG Group’s holding unit, as its new CEO. Hong, who earned a master’s degree in international affairs at Columbia University, served in strategist roles at SK Telecom and Bain and Company. He then joined LG Corp. in 2019 to oversee the group’s b...

KG Mobility’s compact SUV Tivoli has surpassed 300,000 units sold in South Korea, with its global cumulative sales exceeding 420,000 units since its debut in 2015. The Tivoli has gained traction for its affordability, practical designs and consistent updates, making it a popular choice for first-time SUV buyers and young drivers. In its first year, the car captured 54.7 percent of the domestic ...

A 56-year-old YouTuber who killed another YouTuber was sentenced to a lifetime in prison on Wednesday, after which he shouted "thank you" for unexplained reasons. Busan District Court found the defendant surnamed Hong guilty of retaliatory murder, rejecting his claims that he had never intended to kill the victim. The court pointed out that it was a planned crime, and that the defendant stabbed ...

South Korean police said Thursday a recently born girl was found inside the bathroom of an underground shopping district, and that the mother is under investigation for abandoning the baby. The child was found inside a bag placed in the bathroom of the shopping district in Uijeongbu, Gyeonggi Province, at around 5 p.m. Wednesday. The child was in good health, and still had the umbilical cord att...

K-pop girl group BLACKPINK's Rose and global pop star Bruno Mars will give the first live performance of their collaboration single "APT." at this year's MAMA Awards. The two artists will perform on the first day of the two-day awards show to be held at the Kyocera Dome Osaka in Japan, the event's organizer, CJ ENM, said Thursday. It marks the first time that the two will deliver a live perform...

One of the more exciting developments for Ham was introducing KEC’s advanced intelligent transportation systems technology to officials in the United States earlier this year. “The reception was great. Developed countries are looking for smarter ways to manage traffic and maintain infrastructure, and this is an area where KEC excels. We’re no longer just focusing on developing countries; we’re al...

The Korea Herald cordially invites you to join us for Architecture Talk: More than APT on Nov. 27 at Seosomun Shrine History Museum in Seoul. This year’s Architecture Talk expands upon the five-part series titled “More than APT” published in The Korea Herald that examined apartment complexes and alternative housing forms that, by their design, promote a sense of community. A panel of leading ar...

Deuces will be wild in the final of the top national football tournament at the end of November, when two regional rivals in the top-flight K League 1 will clash for supremacy. Ulsan HD FC and Pohang Steelers will square off in the one-and-done final of the Korea Cup tournament at 3 p.m. on Nov. 30 at Seoul World Cup Stadium. Ulsan will go for a domestic double, having clinched the K League 1 t...