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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[Grace Kao] Why K-pop lip-syncing doesn’t bother me
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Hyundai Motor to bring 1,700 hydrogen cars to Jeju by 2030
Hyundai Motor Group will supply 1,700 hydrogen fuel-cell cars to Jeju Island by 2030 as part of joint efforts to build a green hydrogen ecosystem in the country's resort island. A large green hydrogen production facility is planned to be built in Jeju by 2026. This would enable operations of hydrogen-powered vehicles on the island, according to the company, adding that it is working with Trade Ministry, Jeju Special Self-Governing Province, and Korea Southern Power Co. Currently, Jeju has
Sept. 29, 2022
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Corporate card spending on golf reaches W1.9tr
Corporations spent 1.9 trillion won ($1.3 billion) at golf clubs across the country last year, according to a study on company credit card spending released Thursday by the Golf Consumer Agency of Korea. The study, which was conducted based on data provided by Rep. Yun Chang-hyun’s office, revealed that 27.5 percent of all golf course sales in 2021, or 1.9 trillion won out of 6.9 trillion won, came from company credit cards. The proportion of company card payments among golf course sales h
Sept. 29, 2022
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KEF holds annual meeting with Chinese ambassador
The Korea Enterprises Federation held a meeting with Chinese Ambassador to Korea Xing Haiming at a Seoul hotel on Thursday to discuss ways to further bolster economic ties between the two countries. KEF Chairman Sohn Kyung-shik and other business leaders representing major companies, including Hanwha, Doosan and Hyundai Motor, took part in the annual meeting that was launched in 2020. “Celebrating the 30th anniversary of their bilateral ties this year, South Korea and China are crucial par
Sept. 29, 2022
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Korean Air involved in minor collision incident at Heathrow airport
Korean Air Lines Co., South Korea's national flag carrier, said Thursday there was a minor collision incident involving its aircraft and an Icelandair plane at London Heathrow airport. No injuries have been reported. The incident occurred during the departure of a Korean Air B777-300ER from the Heathrow airport. "During Korean Air flight KE908's taxiing operation to the runway, the aircraft's left winglet came into contact with Icelandair flight FI454 aircraft's tail rud
Sept. 29, 2022
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Biz sentiment worsens for October amid high prices, economic uncertainites
South Korea's business sentiment worsened for October amid high commodity costs and aggressive policy tightening in major economies, a central bank poll showed Wednesday. The business sentiment index (BSI) came to 79 for October, down three points from the previous month, according to the survey by the Bank of Korea (BOK). The BSI for manufacturers points fell seven points on-month to 75 and the index for non-manufacturing firms also decreased 1 point to 81. The fall is largely attributed t
Sept. 29, 2022
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Amid inflation bill concerns, Korea aims to take 12% in global EV market
SEJONG -- South Korea’s policymakers on Wednesday unveiled their goal of taking up 12 percent of the global auto market and expanding the country's capacity in manufacturing electric vehicles with 3.3 million units a year, expressing its confidence in tackling concerns over US' inflation reduction bill. Setting a target of becoming the world's third-largest automaker, the government will “resolve regulatory barriers” and “offer tax benefits" to help local carmakers
Sept. 28, 2022
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Posco, Apporium team up to produce blue hydrogen
Posco Group said Wednesday its two affiliates – Posco Holdings and Posco E&C – have signed a memorandum of understanding with the nation’s largest hydrogen production and sales company Approtium in a fresh push for hydrogen business. Under the agreement, the three companies will invest a combined 200 billion won ($139 million) by 2026 into establishing facilities for hydrogen production. The annual production capacity is expected to reach 40,000 tons. Approtium, based in the
Sept. 28, 2022
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KT, AMC Networks ink content partnership deal
South Korean telecommunications giant KT is looking to expand the content provided on its streaming service Olleh TV through a partnership with US cable channel operator AMC Networks. KT said Wednesday it had signed a partnership with AMC Network’s content production arm AMC Studios on Tuesday to launch the producer’s original series on its platform and to participate in joint productions. With the new agreement, Olleh TV subscribers will gain access to AMC originals including popula
Sept. 28, 2022
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Samsung insurers to expand global alternative investment via Blackstone
Samsung Group's insurance affiliates said Wednesday they have signed a deal with US asset management behemoth Blackstone Inc. to invest some $650 million in alternative assets, such as real estate and infrastructure facilities. The two -- Samsung Life Insurance Co. and Samsung Fire & Marine Insurance Co. -- will chip in the amount in the alternative fund managed by Blackstone. In recent years, Samsung's financial firms have been aggressively pushing for global investment. Samsung Life
Sept. 28, 2022
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Hyundai IONIQ 5 named one of Wards 10 best engine systems
The EV-only powertrain on Hyundai Motor Co.'s all-electric IONIQ 5 was named one of the Wards 10 Best Engines & Propulsion systems, the company said Wednesday. The IONIQ 5 was selected for its performance, charging capability, range and price, Hyundai Motor said in a statement. The South Korean carmaker has won 15 Wards 10 Best Engines & Propulsion systems recognitions since the annual awards were established in 1995. "The IONIQ 5 redefines the modern vehicle, not only from the propuls
Sept. 28, 2022
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Experts talk about utilizing tech for business opportunities
User experience writing, or UX writing, should be an integral part of corporate digital strategies, as it offers an easy solution to produce more effective digital spaces, experts said Tuesday at a roundtable discussion held at Herald Design Forum 2022 in Seoul. UX writing uses easy words and expressions "to architect a comfortable digital interface which ensures users to accomplish what they want,” said Shinhan Card executive Park Kwang-hoon. “UX writing is not a big innovation
Sept. 27, 2022
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GS E&C partners with BASF to modularize carbon capture solution
GS Engineering and Construction has partnered up with German chemical giant BASF to jointly modularize a carbon capture solution, which would work as the framework for their future projects, the South Korean firm said Tuesday. The latest deal would focus on co-developing and translating BASF’s OASE blue technology -- an optimized large-scale post-combustion capture technology -- into a modular carbon capture solution, according to GS E&C. OASE blue enables its user to selectively capture
Sept. 27, 2022
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Posco goes all-out to stabilize stainless steel supply
Posco said Tuesday it is making an all-out effort to stabilize the supply chains for stainless steel products after production at its steel mills in Pohang, North Gyeongsang Province, was hit by a recent flood. In particular, the company plans to covert export-oriented products into those for the domestic market in an effort to prevent a glitch in local supply chains. Stainless steel products were among those hit hard by a recent typhoon, but the company predicted a limited impact, saying they
Sept. 27, 2022
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[Herald Design Forum 2022] Former Jaguar designer urges to transform in thinking of cars
Ian Callum, the man behind the British carmaker Jaguar’s renaissance in recent decades, urged designers to transform the way they interpret transportation as a mere object for mobility, saying that the world that is rapidly changing and facing an array of problems that didn't exist before. “Design creates order out of chaos, but chaos is often required as a prerequisite to being creative,” he said, adding that designers today must come with ideas that not only reflect hu
Sept. 27, 2022
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SK chief renews commitment to shared growth with local community
SK Group on Monday launched the Ulsan Forum, a regional communication channel where SK companies, experts, academics and the local community talk about the future growth direction of the city and the provincial economy. The launch comes as SK Innovation marked the 60th anniversary of its Ulsan CLX, the nation’s first oil refinery built in the industrial city, some 300 kilometers southeast of Seoul, back in 1962. Succeeding the annual Icheon Forum launched in 2017 in Icheon, Gyeonggi Provin
Sept. 27, 2022
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Asiana to expand flights to Japan as visa-free travel resumes
Asiana Airlines Inc., South Korea's second-biggest carrier, said Tuesday it will expand flights to Japan from late October on Japan's decision to ease travel restrictions despite the COVID-19 pandemic. Japan announced last week it will lift the ban on the number of inbound passengers and resume visa-free travel for visitors from specific countries, including South Korea, from Oct. 11. Currently, Japan only allows package tours and requires visas for all visitors in a move to control th
Sept. 27, 2022
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SK Telecom, KT raise Galaxy Z Flip 4 subsidies ahead of iPhone 14 launch
South Korean mobile carriers SK Telecom Co. and KT Corp. have raised the amount of subsidies for the high-end model of Samsung Electronics Co.'s latest foldable smartphone ahead of next month's scheduled launch of new iPhone models in the country, according to industry sources Tuesday. SK Telecom, the country's largest wireless carrier, raised its subsidies for the 512-gigabyte model of Samsung's Galaxy Z Flip 4 last Friday to range between 380,000 won ($266) and 520,000 won
Sept. 27, 2022
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SK Innovation to initiate forestation upon anniversary
Leading refiner SK Innovation said on Monday it held a tree planting ceremony for SK Ulsan Forest of Happiness, in celebration of the company’s 60th year anniversary on Monday. The ceremony, held in light of the company’s initiative to achieve net-zero emissions, was held in the forest fire-damaged area of Ulju. The company will be planting 180,000 wild cherry trees in 60 hectares of land there with a budget of 1 billion won ($690,000) for the forestation. Participants of the ceremon
Sept. 26, 2022
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Hanwha signs conditional takeover deal with DSME for W2tr
South Korea's defense-to-energy conglomerate Hanwha Group said Monday it has signed a conditional memorandum of understanding with Daewoo Shipbuilding & Marine Engineering to acquire a controlling stake of 49.3 percent and managerial control of the shipbuilder, which has been under the state supervision for 21 years. Under the memorandum, Hanwha’s six affiliates -- including its defense unit Hanwha Aerospace and an energy equipment company, Hanwha Systems Co. -- will purchase D
Sept. 26, 2022
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[Herald Interview] Kyoto-inspired KiNoBi gin aims to elevate at-home bar experience
Pernod Ricard's Kyoto dry gin KiNoBi made its South Korean debut earlier this month, targeting a growing number of drinkers here who may drink less but are willing to spend more to elevate at-home bar experience after pandemic years. “COVID-19 has reduced opportunities for people to mingle and socialize, so people looking for a luxury experience started to choose to enjoy them at home, trying out geekier types (of premium liquor) as they have more budget while staying in. With
Sept. 26, 2022