Most Popular
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S. Korea, Singapore seal supply chain agreement
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North Korean troops killed, wounded in Ukraine war: Seoul defense minister
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Korean language teaching expert says demand has outstripped supply
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[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
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Conscripting women to lead to 'more babies,' claims military think tank
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Who is pollster roiling politics with claims of government string-pulling?
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Taking away phones during school hours not a human rights violation: watchdog
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Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
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Korea launches antidumping probe into Chinese steel
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Korea added to key bond index
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Samsung chief's public image improves: poll
One month after Lee Jae-yong was promoted to the top post at Samsung Electronics, South Koreans are found to have a more favorable view of him than before, data showed Thursday. According to research firm Data&Research, a total of 18,335 online posts, excluding news reports, featuring the phrase “Chairman Lee Jae-yong” have been published in the month since his promotion to chairman on Oct. 27. The figure almost doubled from 9,764 posts a month earlier. During the same period, Le
Dec. 1, 2022
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Hyundai Heavy to showcase sustainable maritime future at CES
South Korean shipbuilder Hyundai Heavy Industries will showcase its vision for a sustainable maritime future at the Consumer Electronics Show 2023, the firm said Thursday. CES, the world’s largest technology exhibition, is held in Las Vegas during the first week of January each year. This will be the shipbuilder’s second time taking part in the event. In this year’s exhibition, Hyundai Heavy Industries said it will exhibit its future maritime strategy with a focus on “Oce
Dec. 1, 2022
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Hyundai E&C starts sales of new apartment complex in Incheon
South Korean builder Hyundai E&C said Thursday it has begun selling flats at its newly constructed apartment complex in Namdong-gu, Incheon. Named “Hillstate Incheon City Hall Station,” the apartment complex can house a total of 746 households in flats that range in area between 39 and 84 square-meters. Houses in that range were found to be in highest demand, according to the construction company. Hyundai E&C said regulations concerning real estate subscriptions and housing l
Dec. 1, 2022
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Hyundai Elevator announces winners of elevator design contest
Hyundai Elevator, South Korea's largest elevator manufacturer, on Wednesday unveiled the six winners of its design contest for the future of elevators. A total of 347 individuals and teams from six different countries joined the contest, the manufacturer said. The six countries were South Korea, China, Indonesia, Vietnam, Malaysia and Turkey. Participants with different backgrounds, ranging from children to professional designers, submitted their works, in which they showed their own vision
Dec. 1, 2022
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Land Ministry, Truckers fail to compromise again
Representatives of the truckers’ union and government officials failed to reach a compromise again in their second round of talks on Wednesday amid a week-long strike by unionists that inevitably could impact an array of industries. Starting from Nov. 24, Cargo Truckers Solidarity has been staging a walkout mainly to call for a permanent guarantee of minimum freight rates, which is to expire at the end of this year. The minimum freight rate policy was created to prevent truck
Nov. 30, 2022
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Samsung foldable phone sales for corporate use double
Samsung Electronics said Wednesday sales of its foldable phones for corporate use more than doubled on-year, partly because more companies have adopted remote working policies in the wake of the COVID-19 pandemic. From January to October, sales of Galaxy Z Fold and Galaxy Z Flip phones jumped by 105 percent compared to the same period in the previous year, the world's largest smartphone maker said. The Galaxy Z Fold4 and Galaxy Z Flip4 -- the latest versions rolled out this year -- led to t
Nov. 30, 2022
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Taking Korea-Vietnam ties to next level in 30th year
Over the last three decades Korea and Vietnam have been major trade partners, played critical roles in one another's industrial supply chain and provided cultural inspiration to each other. To this day, there are countless Korean corporations searching for business and investment opportunities in Vietnam, and seeking to adapt to the shifting dynamics caused by Vietnam's exponential growth and modernization, as well as demographic and behavioral changes. These agenda will be on the tabl
Nov. 30, 2022
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Industrial output falls by most in 30 months in October
South Korea's industrial output fell by the most in 30 months in October, data showed Wednesday, with retail sales also losing ground amid the prolonged economic uncertainties. Industrial production declined 1.5 percent on-month in October, following a 0.4 percent on-month decrease the previous month, according to the data from Statistics Korea. It marked the largest drop since the 1.8 percent decrease tallied in April 2020 in the wake of the COVID-19 pandemic. The output also fell for the
Nov. 30, 2022
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Daewoo E&C gets recognition at Good Design Award 2022
South Korean builder Daewoo E&C said on Tuesday its design prowess has been recognized again with a prestigious design award, continuing its winning streak through its brands, including their flagship apartment brand Prugio. The company said two of its entries won Bronze Prizes at the Good Design Award 2022 -- an esteemed design award ceremony hosted by the Ministry of Trade, Industry and Energy, which was held annually since 1985, under the Industrial Design Promotion Act. The awarded archi
Nov. 29, 2022
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Hyundai Motor, SK On team up to boost EV production in US
Hyundai Motor Group and SK On have teamed up to beef up production of electric vehicle batteries in the US, a fast-growing market that offers hefty incentives to only locally produced electric vehicles and batteries. The new partnership comes after the South Korean auto giant suffered subsidy cuts to its popular electric vehicles, including the Ioniq 5, in the all-important US market following the Biden administration’s Inflation Reduction Act that took effect in August. The "US-first
Nov. 29, 2022
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Businesses brace for prolonged trucker strike
Financial damages and disruptions in logistics services are anticipated to increase further among oil suppliers and businesses in the cement and construction industries if the nationwide walkout of truckers continues, industry sources said Tuesday. Some local gas stations have started to report supply shortages, and the cement industry has reported an accumulated loss of 64.2 billion won ($48.4 million) in sales already. According to a source from a local oil retailer, certain gas stations -- pa
Nov. 29, 2022
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KITA hosts trade fair to boost growth
The Korea International Trade Association is hosting a two-day trade fair from Tuesday to help local companies form international partnerships with global buyers. The 2022 Korea Grand Sourcing Fair, a hybrid event held both online and offline, is taking place at the Coex Convention and Exhibition Center in southern Seoul with 211 buyers from 36 nations and around 750 Korean companies participating. Held after the COVID-19 pandemic-related travel restrictions were eased, this year’s lineup
Nov. 29, 2022
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Biden to visit SK Siltron’s wafer plant in Michigan
US President Joe Biden will visit SK Siltron CSS in Michigan, the American branch of silicon wafer maker SK Siltron under South Korea's SK Group, on Tuesday, according to the White House and industry sources here. The surprise visit will mark the president’s first visit to a Korean semiconductor facility in the US. The US president was expected to arrive at the plant Tuesday afternoon, the latest development surrounding his renewed push for rebuilding the US manufacturing sector. He w
Nov. 29, 2022
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EV industry advised to adopt battery swapping for better efficiency
The Korea International Trade Association suggested introducing battery swapping as a solution that could boost South Korea’s electric vehicle transition, the association said in a report released Monday. Battery swapping is touted as an emerging solution for EVs, particularly in China. The technology allows drivers to switch a drained battery with a fully charged one in just a few minutes, instead of having to charge the empty one at a designated station. Rolling out battery swapping in S
Nov. 28, 2022
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South Korea’s chip exports dwindle as dependence on China increases
South Korea is heavily reliant on China for its semiconductor exports, and it should diversify its overseas markets to mitigate associated risks of decline in trade with the neighboring country, a report said on Monday. According to statistics released from the Korea International Trade Association, South Korea’s semiconductor exports to China from January to September was $42 billion, rising 1.7 percentage points from the previous year becoming 40.6 percent of the country's total vol
Nov. 28, 2022
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Hyundai Steel outpaces rivals in ‘world-class’ product certifications
South Korea’s second-largest steelmaker Hyundai Steel said Sunday that its submerged arc welding A671/A672 had been recognized as a World Class Korean Product. With the new addition, Hyundai Steel now boasts a total of 12 World Class Korean Products. The number is the largest among its peers in the steel-making industry, a feat that the company has maintained for 18 consecutive years. The World Class Korean Products scheme, jointly certified by the Ministry of Trade, Industry and Energy an
Nov. 27, 2022
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Posco wins Asia's first ResponsibleSteel accreditation
South Korean steel giant Posco said Sunday its production plants in Pohang and Gwangyang have received the ResponsibleSteel accreditation, becoming the first Asian company to win the honor. ResponsibleSteel, a nonprofit organization set up in 2016, awards steel businesses with accreditation for fulfilling some 370 criteria, including enviornmental, social and governance efforts. The review process also includes a third-party evaluation. After nine months of evaluation and inspection, Posco&rsq
Nov. 27, 2022
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[Herald Interview] Line Man Wongnai aims to go beyond Coupang in Thailand
With coronavirus pandemic reaching its endemic phase, South Korea’s food delivery platforms may be losing their growth momentum. But Thailand is fast rising as a market filled with new business opportunities for e-commerce startups. Located in the heart of Southeast Asia, the country’s food delivery market is thriving with a surge in smartphone users and one of the leading players is Line Man Wongnai, the popular food delivery platform operated under Line Corp. “The fact th
Nov. 27, 2022
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Ex-Agency for Defense Development aircraft system expert joins Plana as vice president
Plana, a South Korean startup dedicated to building vertical takeoff and landing aircraft powered by hybrid e-powertrains, said Friday that Dr. Kim Hyun-soon from Agency for Defense Development has joined the company as vice president. Kim, who is an R&D expert in developing unmanned aerial vehicle (UAV) systems, spent over 25 years developing aerospace and UAV systems at the state-run agency. Kim will also head Plana’s research center. With Kim joining the team, the company would ac
Nov. 25, 2022
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Truckers' strike cripples shipments in cement, steel industries
The nationwide strike by truck drivers caused supply disruptions across the cement and steel industries on Friday, with other sectors like auto and petrochemicals feared to bear the brunt if the protest prolongs. Cement factories were unable to ship most of the daily supply of 200,000 tons the previous day as bulk cement tanker drivers joined the strike, the cement industry association said Friday. The strike delayed the cement deposit work at construction sites across the country, and the ready
Nov. 25, 2022