Most Popular
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Korea added to key bond index
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North Korea notifies UN Command of plans to fortify border with South
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Will Apple quit smart ring race with Samsung?
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[KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?
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Jay Park returns with quintessential R&B album after 8 years
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More deaths in ICU following doctors' mass walkout: lawmaker
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Security issues to take center stage at ASEAN summit
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Netflix's latest runaway hit is a Korean reality cooking show
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[Herald Interview] Byun Yo-han embraced voice of powerless in ‘Snow White Must Die – Black Out’
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Patients opting to die with dignity on steady rise
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Toss Bank unveils foreigner-friendly ID verification service
In a bid to attract more foreign clients, Toss Bank, a Korean internet-only bank, introduced a new service on Monday to make it easier for foreigners to verify their identity. The new service extracts facial features from the photo on foreign resident registration cards and compares them to photographs in a database of the Ministry of Justice to verify the authenticity of the foreign resident registration. “When we tried to verify the authenticity of foreign resident registration cards usi
Sept. 18, 2023
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Art Token joins hands with Anicube for K-art's global expansion
Non-fungible token platform company Art Token said Monday that it recently joined hands with Anicube Entertainment, a music metaverse platform company, in a move to drive the global expansion of Korean digital art content. The latest partnership was inked at Art Token's headquarters in Gangnam, southern Seoul earlier last week, with top executives including Art Token CEO Hong Ji-sook and Anicube Content Market Business Head Lee Cheol-jae in attendance. Under the agreement, Art Token aims
Sept. 18, 2023
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[Photo News] New Mercedes-Benz Korea CEO
Mercedes-Benz Korea CEO Mathias Vaitl, whose official term as CEO started earlier this month, speaks at the awards ceremony for the “Korea TechMasters” technical skills competition held at the Mercedes-Benz Korea Training Academy in Yongin, Gyeonggi Province, Friday. The German carmaker’s two separate automotive training programs, Ausbildung and Automotive Mechatronic Traineeship, also kicked off this year’s sessions a day prior. (Mercedes-Benz Korea)
Sept. 18, 2023
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[KH Explain] KB's chair candidate hopes to break out of pod
KB Financial Group is often referred to as a "big fish in a small pond," given its position as Korea's largest financial holding firm with a weak global presence. The group's new chairman candidate, Yang Jong-hee, aims to change this. According to KB, Yang’s global expansion plan focuses on two key areas: Normalizing KB's money-losing Indonesian subsidiary, Bank KB Bukopin, and further strengthening KB's Cambodian unit, KB Prasac Bank, which is already doing
Sept. 18, 2023
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Experts call for more incentives for high-tech companies to reshore
Experts gathered at the National Assembly to call for fortifying reshoring policies, or policies that will support high-tech Korean companies to bring outsourced overseas operations back to Korea, as a part of the national agenda, amid increased demand to ramp up domestic economic security. "The United States-China conflict and the consequent supply chain collapse experienced during the COVID-19 pandemic have raised awareness of the notion that reshoring for Korean high-tech industries shou
Sept. 17, 2023
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Kakao Pay down for hours Sunday due to service outage
Kakao Pay, the online payment unit of Korean tech giant Kakao, experienced another service disruption for some five hours on Sunday due to a delayed firewall replacement. Last Monday, Kakao Pay initially announced that it would be replacing its firewall from 1 a.m. to 7 a.m. on Sunday. However, due to an unexpected delay, its key services such as processing payments, sending money and asset management became unavailable on Sunday morning. Kakao Pay’s new announcement on Sunday morning said
Sept. 17, 2023
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LG CNS, XYZ Robotics push for e-commerce logistics robot biz
South Korean IT solutions provider LG CNS said Sunday it has teamed up with a Chinese artificial intelligence-powered robotic solutions firm to carry out joint projects in domestic e-commerce logistics centers. The two firms signed a memorandum of understanding to integrate Shanghai-based XYZ Robotics’ robot solutions with LG’s robotic integrated operations platform. Additionally, all robot solutions provided by the newly integrated platform will be offered via the robot as a service
Sept. 17, 2023
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HD Hyundai leader vows to accelerate carbon-neutral transition
HD Hyundai CEO Chung Ki-sun has reaffirmed his willingness to speed up the transition to carbon neutrality while he attended the naming ceremony of the world’s first methanol-fueled container ship, the Laura Maersk, in Denmark on Thursday. According to HD Hyundai, Chung met with Robert Maersk Uggla, chair of A.P. Moller Maersk -- one of the biggest shipping and logistics firms in the world -- to discuss how to strengthen their partnership in the future on the day before the naming ceremony
Sept. 17, 2023
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KITA invites envoys to support Busan Expo bid
The Korea International Trade Association hosted a reception event for ambassadors from Central Asia, Europe and Latin America to ask for their support in promoting Busan’s bid to host the 2030 World Expo, it said Sunday. Participants of the reception included 70 ambassadors and diplomats from 41 regions in Central Asia, Europe and Latin America, along with 30 executives from KITA. The reception came as Korea's second-largest city Busan is in competition against Saudi Arabia's Ri
Sept. 17, 2023
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Deutsche Bank to inject 150m euro into Seoul branch
Deutsche Bank said Sunday that it will inject 150 million euros ($160 million) into its Seoul branch as part of its investment plan for the Asian market, with Korea as a strategic foothold. The German bank's decision to allocate additional capital to its Korean business underscores its confidence in the stability and growth potential of the market. "This additional capital, along with our recent reentry into the local debt capital market, will enable us to better support our clients
Sept. 17, 2023
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Korean beauty app Zamface offers easy-to-search footage, customized cosmetics care
Korean actors and K-pop stars have gained unprecedented popularity across the world in recent years for their outstanding talent and performances on screen and stage. At the same time, Korean pop culture fans have also been inspired by such celebrities' appearances, especially their makeup styles, which put the focus on a smooth and bright complexion to appear young and healthy. Those who want to look like the stars search online for Korean beauty products and become eager to mimic their sk
Sept. 17, 2023
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SK hynix did not supply chips to Huawei: vice chairman
SK hynix Vice Chairman Park Jung-ho said Friday his company stopped doing business with Huawei Technologies Co., following US chip sanctions against China in 2020 and has not supplied semiconductors to the Chinese smartphone maker. Last week, the chipmaker said it opened an internal investigation into how its memory chips ended up in a new smartphone made by Huawei, after Bloomberg News reported that the South Korean chipmaker's DRAM -- LPDDR5 -- and NAND Flash memory are used in the Chin
Sept. 15, 2023
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Posco teams up with CF Industries to produce blue ammonia in US
Posco Holdings said Thursday that the company has agreed to cooperate with CF Industries, the world's largest ammonia producer, to co-produce blue ammonia in the US. CF Industries operates ammonia manufacturing plants across the US and Canada, with an annual manufacturing capacity of around 9 million metric tons. Under the agreement signed in Seoul earlier in the day, Posco Holdings and CF Industries will work together on a blue ammonia project in Louisiana. The two companies will build a n
Sept. 14, 2023
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[Photo News] Apgujeong gets green light for face-lift
Apartment complexes are seen in Apgujeong-dong, Gangnam-gu, Seoul, Thursday. A city construction commitee under the Seoul Metropolitan Government passed a revision to relax reconstruction regulations placed on aging apartment complexes in the wealthy neighborhood. With the passage of the plan, obsolete buildings can be rebuilt as high-rise complexes with 50-plus floors. (Yonhap)
Sept. 14, 2023
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LG Chem teams up with Italy's Eni SM for Korea's first integrated biofuel plant by 2026
South Korean chemical giant LG Chem said Thursday it is teaming up with Eni Sustainable Mobility, the Italian renewable fuel specialist, to build a hydro-treated vegetable oil (HVO) plant by 2026. They plan to finalize the investment decision by 2024 following a thorough feasibility analysis covering technical and economic aspects. The biorefinery is expected to have a production facility with an annual output of nearly 300,000 metric tons. This facility is slated to be located at LG Chem's
Sept. 14, 2023
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Hanwha Aerospace to test out uncrewed vehicle for US military bid
Hanwha Aerospace said on Thursday that its multipurpose uncrewed vehicle, Arion-SMET, will be tested at a US Marine Corps facility in Hawaii in December for potential integration into the US Army. This marks the first time a Korean-made vehicle of this type will undergo such testing. It is part of Hanwha's efforts to solidify its stature in the global aerospace and defense market by 2030. The testing follows Hanwha's recent contract with the US Department of Defense to join the Foreign
Sept. 14, 2023
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DS Dansuk to finish new biodiesel refinery next year
Resource recycling company DS Dansuk held the groundbreaking ceremony of its new Hydrotreated Vegetable Oil refinery in Pyeongtaek, Gyeonggi Province, Wednesday, the firm said Thursday. Aiming to finish the construction by next July, the second-generation biodiesel refinery is an extension of the company’s first biodiesel plant in Pyeongtaek. DS Dansuk will invest 35.7 billion won ($27 million) in the construction, the company said. The ceremony was attended by about 70 employees, includin
Sept. 14, 2023
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CJ to expand UK presence with Korean seaweed
Bibigo's Seaweed Snack will hit supermarket shelves in the United Kingdom, Korean food giant CJ CheilJedang said Thursday. The product will be sold at popular UK grocery market chains Asda and Ocado, as well as online. “Previously, the product was available in local ethnic sales channels (in the UK), but (by distributing it on major retail channels), more consumers will be able to buy and enjoy Bibigo’s Seaweed Snack,” said an official from CJ CheilJedang, which owns the B
Sept. 14, 2023
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LG CNS joins forces with Korea University to foster AI talent
Information technology service provider LG CNS said Thursday it has inked a deal with Korea University to nurture future talent in the burgeoning field of artificial intelligence and data science. Under the new industrial-academic partnership, a department temporarily named “AI and Data Science” will be set up at Korea University’s graduate school, and students will receive a job offer at the company upon graduation. Starting next year, the department plans to admit over 20 gra
Sept. 14, 2023
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Posco to supply EV parts to Hyundai Motor
Posco International announced Wednesday it has signed with Hyundai Motor Group to supply an additional 3.53 million units of motor core, ramping up its presence in the global mobility industry. Under the contract starting from 2026, Posco International will provide 2.72 million units of motor core to Hyundai Motor Group Metaplant America, the carmaker’s first EV plant in the US, for eight years. The other 810,000 units will be supplied to Hyundai’s EV production at home for 10 years.
Sept. 14, 2023