Most Popular
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North Korean troops killed, wounded in Ukraine war: Seoul defense minister
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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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Korea added to key bond index
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Conscripting women to lead to 'more babies,' claims military think tank
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[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
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North Korea notifies UN Command of plans to fortify border with South
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Taking away phones during school hours not a human rights violation: watchdog
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Who is pollster roiling politics with claims of government string-pulling?
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Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
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Art Token to sponsor blockchain exhibition
Non-fungible token platform company Art Token announced Friday that it was sponsoring the ongoing "Proof of X" exhibition held in Tokyo from Saturday. The weeklong exhibiting highlights the harmonious integration of contemporary art, blockchain technology and NFTs. The exhibition aims to highlight the potential of NFTs and smart contracts in blockchain technology, exploring the transformative dynamics between artists, audiences, collectors and curators through interactive art that resp
June 23, 2023
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Apple R&D accelerator discuss smart manufacturing with Korean SMEs
Apple's first manufacturing research and development accelerator discussed the impacts of artificial intelligence and machine learning in smart manufacturing with small and medium-sized businesses in South Korea, the iPhone maker said Friday. Apple Manufacturing R&D Accelerator held its first Smart Manufacturing Forum in Pohang, North Gyeongsang Province, for two days from Wednesday, inviting hundreds of guests from SMEs, industry experts and academia to exchange insights on smart manuf
June 23, 2023
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S. Korean firms seek up to US$100 mln in business deals in Vietnam
South Korean companies have discussed various potential business deals with a combined value of up to US$100 million with Vietnamese counterparts during an export event in Hanoi on Thursday, the industry ministry said. The South Korea-Vietnam partnership fair took place on the margins of South Korean President Yoon Suk Yeol's three-day state visit to the Southeast Asian nation. Around 100 South Korean firms discussed potential business ties with 200 Vietnamese companies in a wide array of s
June 22, 2023
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Sambu Construction to raise 25 bln won via stock sale
Sambu Construction Co.on Thursday announced that it will sell stock to raise 25 billion won ($19.3 million). The proceeds from the stock offering will be used primarily to finance its operations. According to a regulatory filing, the company will issue some 7.75 million common shares at a price of 3,225 won per share. The stock will be sold to the investors that the firm designated. (Yonhap)
June 22, 2023
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KB holds town hall meeting for foreign employees
KB Financial Group is hosting a networking event in Korea from Monday to Friday this week with 106 selected employees from overseas. The employees are from the group's five subsidiaries -- KB Bank, KB Securities, KB Insurance, KB Kookmin Card, and KB Capital -- based in 14 different countries. The invited employees are participating in programs including town hall meetings with the chairman, special meetings organized by each subsidiary and Korean cultural experience programs. In partic
June 22, 2023
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[Photo News] Virtual tour of Busan
SK Telecom said Thursday it offered a glimpse into South Korea's urban air mobility technology and the future of mobility at the official reception for the 2030 World Expo in Paris to show its support for Busan's expo bid. Some 400 people, including delegations from the member countries of the Bureau International des Expositions, as well as diplomats, visited the site and showed interest in the advanced technology and its future developments.
June 22, 2023
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Korea Inc. heads to Vietnam to strike deals
With South Korean President Yoon Suk Yeol taking his largest economic delegation involving top conglomerate chiefs on a state visit to Vietnam on Thursday, anticipation is growing on new joint business opportunities their trip will create for the two countries. For the three-day state visit, Yoon has formed his largest-ever delegation to accompany him, consisting of 205 entities -- 24 conglomerates, 28 mid- and small-sized companies, six economic lobbying groups, six economic associations and th
June 22, 2023
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Chaebol chiefs meet with French president
Korean business tycoons met with French President Emmanuel Macron to discuss their cooperation in strategic industry projects including energy and next-generation transportation, a business lobby group Korea Chamber of Commerce and Industry said Thursday. At the meeting held at the Elysee Palace in Paris with heads of Korea's top eight conglomerates on Wednesday, President Macron presented the economic and social reform policies that France is pursuing to strengthen the country’s inve
June 22, 2023
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SK to honor US veterans with memorial
SK Group said Thursday it will honor two late US veterans who fought in the 1950-53 Korean War with a memorial stone, in commemoration of the 70th anniversary of the South Korea-US alliance this year. SK and the Korea-US Alliance Foundation joined hands to establish the memorial stone to honor the late Col. William E. Weber and the late Maj. Gen. John Kirk Singlaub. The conglomerate, Korea's second-largest by revenue, will subsidize the cost of creating the monument, with the foundation tak
June 22, 2023
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Innocean tops client satisfaction ranking in Spain
Innocean Worldwide, the marketing and communications agency affiliated with Hyundai Motor Group, said Thursday that its Spanish subsidiary has recently topped a client satisfaction ranking conducted by Spain’s biggest consulting and marketing research firm Scopen. Some 1,600 local marketers participated in Scopen’s latest survey, evaluating agencies with more than five advertisers based on criteria such as creative and strategic planning skills, price competitiveness and digital capa
June 22, 2023
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Emro seeks global expansion with supply chain management solutions
South Korean supplier relationship management vendor Emro said Thursday it is making a foray into the global market by developing an integrated supply chain management platform in collaboration with Samsung SDS and US-based planning platform provider o9 Solutions. Amid the escalating trade rivalry between the US and China, the prolonged Russia-Ukraine war and a worldwide economic slowdown, managing one's global supply chain more effectively has become a key focus in corporate management, le
June 22, 2023
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S. Korea-led consortium wins Oman green hydrogen deal
An international consortium led by South Korea's top steel maker Posco Holdings Inc. has won a project to develop and build a large-scale green hydrogen plant in Oman, Posco Holdings said Thursday. The deal, signed between the consortium and Hydrogen Oman in the Omani capital of Muscat a day earlier, calls for building a green hydrogen plant with an annual capacity of 220,000 tons in Duqm, some 450 kilometers southwest of the Omani capital. The six-company consortium will construct a 5-giga
June 22, 2023
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Big 4 chaebol chiefs back Busan’s Expo bid in Paris
South Korea’s top conglomerate chiefs were to meet with French President Emmanuel Macron in Paris on Wednesday, as they are in Paris to promote Busan's bid to host the 2030 World Expo. According to industry sources on Wednesday, the four chiefs of Korea’s top conglomerates -- Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Euisun and LG Group Chairman Koo Kwang-mo -- arrived in Paris Monday to kick off their Paris tri
June 21, 2023
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Posco, IBK team up to boost Indonesia’s steel industry
South Korean steel giant Posco said Wednesday it has teamed up with Industrial Bank of Korea to seek shared growth with its Indonesian suppliers and boost the Southeast Asian country’s steel industry overall. Their respective Indonesian units – PT Krakatau Posco and PT Bank IBK Indonesia – signed a business partnership earlier this month in Jakarta, with government and company officials in attendance. PT Krakatau Posco is a joint venture between Posco and Indonesia’s st
June 21, 2023
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Hana Bank extends KFA sponsorship until 2033
Hana Bank announced on Wednesday that it has renewed its official sponsorship contract with the Korea Football Association and the Korean national football team. "Hana Bank will continue to support the Korea Football Association and the national football team. We have been together during important moments in our soccer history such as the time when our national football team reached the round of 16 matches in the FIFA World Cup in Qatar last year," Hana Financial Group Chairman Ham Yo
June 21, 2023
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[Herald Interview] Korea’s 1st-generation activist fund aims to become corporate savior, not raider
South Korean private equity house Korea Corporate Governance Improvement’s Managing Partner Lim Hyun-chol said the performance of activist funds should not be judged by the time frame of their investments. “The significance lies not in the length of the investment period but rather in the actual changes brought about in the company after the activist fund's calls,” Lim said during a recent interview with The Korea Herald. “We see that it is unfair to accuse us of &
June 21, 2023
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LG researcher reappointed to lead Next G Alliance for 6G tech
LG Electronics said Tuesday that one of its senior researchers has been reappointed to lead a working group in an American mobile technology alliance for 6G technology development. Lee Ki-dong, senior researcher in LG Electronics' Chief Technology Officer division, has been reappointed as the chairperson of the Applications Working Group in the Next G Alliance until May 2025. He was first appointed to the position in 2021. The Next G Alliance is an industry initiative launched by the US-b
June 20, 2023
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LG CNS, Chung-Ang Univ. to foster talent for security business
Information technology service provider LG CNS will accelerate business cooperation with Chung-Ang University to foster talent for its security business, the firm said on Tuesday. LG CNS signed an industry-academia cooperation agreement for manpower development in digital experience with Chung-Ang University on Monday at the LG Science Park in Gangseo-gu, Seoul. “As security is an essential element of DX implementation, we will concentrate on nurturing security experts to enhance the busin
June 20, 2023
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Samsung Electronics holds strategy meetings amid macroeconomic woes
Samsung Electronics Co. held companywide global strategy meetings Tuesday, amid continuing headwinds from the uncertain macroeconomic environment. The biannual event, taking place in June and December, is where hundreds of Samsung's senior executives from home and abroad get together to discuss pending issues, business plans and strategy. The company's device experience division, which oversees the business of mobile phones and home appliances, will hold the meetings until Thursday, wh
June 20, 2023
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[Photo News] Naengmyeon Index
A restaurant worker carries naengmyeon, or cold noodles, as she delivers it to customers in Myeong-dong, Seoul, on Monday. According to a survey conducted by Korean Price Information, a research institution, on the prices of naengmyeon in 10 representative restaurants across 10 different areas of Seoul, the average price of naengmyeon has increased by 7 percent compared to last year and by 29.5 percent compared to 2018. (Yonhap)
June 19, 2023