Most Popular
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S. Korea, Singapore seal supply chain agreement
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Netflix, streaming platforms come under fire for loose ratings
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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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20 minors registered as CEOs making over 100 million won
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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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K-pop CEOs sidestep key issues at National Assembly audit
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Who is pollster roiling politics with claims of government string-pulling?
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Man killed by fellow hunter who mistook him for wild boar
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Kia Q4 net rises 30% on weak won, SUVs
Kia Corp., South Korea's second-biggest carmaker, said Wednesday its fourth-quarter net profit rose 30 percent from a year earlier on a weak won and increased SUV sales. Net profit for the three months ended in December jumped to 1.248 trillion won ($1.04 billion) from 961.6 billion won during the same period of last year, the company said in a statement. "A combination of a weak won, improved product mix and reduced incentives helped offset the impact of chip supply chain problems and th
Jan. 26, 2022
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Seoul to install walking deck on Han River
The Seoul city government will create a walking deck floating above water on the Han River by the end of next year to offer new attractions, officials said Wednesday. The 192-meter-long deck, comprising a walking trail on the first floor and an observatory deck on the second floor, will be connected to the small river island of Seonyu in western Seoul, officials said. An 80-meter-wide water screen will be set up with a fountain falling from the second floor, about 15 meters above the ground, t
Jan. 26, 2022
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[Herald Interview] Royal Salute heritage reinterpreted with Richard Quinn's design
Pernod Ricard’s Royal Salute 21 Year Old is British to the core. Created to mark the coronation of Queen Elizabeth II, Royal Salute’s every detail from its tasting note to the bottle design is dedicated to being British. In that context, Royal Salute’s latest collaboration with London-based fashion designer Richard Quinn is more than just a collaboration between the two British icons. Quinn captivated the British fashion scene after becoming the first recipient
Jan. 26, 2022
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Samsung's chipmaking plant in Xi'an begins normal operation as China lifts lockdown
Samsung Electronics Co. said Wednesday its chipmaking facility in the Chinese city of Xi'an has returned to normal as the city has lifted a lockdown. The world's largest memory chip maker had temporarily adjusted operations at its NAND flash chips manufacturing base late last month following the lockdown in the city. The draconian restrictions imposed on Dec. 22 banned the city's 13 million citizens from venturing out and doing nonessential activities to stem the spread of the coronavirus. Th
Jan. 26, 2022
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Samsung to unveil Galaxy S22 at Unpacked event next month
Samsung Electronics Co. said Wednesday it will hold its Unpacked 2022 event next month to showcase the latest Galaxy smartphone with improved chips and boosted camera performance and capabilities. The tech company will show off the Galaxy S22 smartphone at the Feb. 10 event, saying it will "set an epic new standard for smartphones with the most noteworthy S series ever created." The event will begin at 12 a.m. on that day (10 a.m. Eastern Time on Feb. 9). A YouTube video that was un
Jan. 26, 2022
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Kakao Games invests $20m in US game developer Frost Giant Studios
South Korean game developer Kakao Games Corp. said Wednesday it has invested $20 million in US-based independent game developer Frost Giant Studios in line with its efforts to increase its global profile. The game affiliate under Kakao Corp., which operates South Korea's most-used mobile messenger KakaoTalk, said it made the investment through its European corporate, Kakao Games Europe B.V. The investment is part of $25 million in a Series A funding round participated in by other investors, su
Jan. 26, 2022
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Hyundai Mobis Q4 net up 0.4% amid chip shortages
Hyundai Mobis Co., South Korea's biggest auto parts maker, said Wednesday its fourth-quarter net profit edged up 0.4 percent from a year earlier amid global chip shortage. Net profit for the three months ended in December climbed to 553.98 billion won ($463 million) from 551.97 billion won during the same period of last year, the company said in a statement. "Increased sales of high-end parts for electric vehicles and SUVs helped offset the impact of the COVID-19 pandemic and semiconducto
Jan. 26, 2022
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S. Korea remains committed to nuclear phaseout scheme: energy minister
South Korea remains committed to its policy of phasing out nuclear power plants as part of efforts to achieve carbon neutrality, the country‘s energy minister said Tuesday. Moon Sung-wook, minister of trade, industry and energy, reaffirmed there will be no change in the Moon Jae-in government’s nuclear phaseout policy hours after main opposition presidential candidate Yoon Suk-yeol said he will scrap the plan if elected and seek to increase nuclear power generation. “The
Jan. 25, 2022
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Hyosung bets W1tr for green hydrogen
Hyosung said Wednesday it will invest 1 trillion won ($834.5 million) to invest in green hydrogen in South Jeolla Province. According to the South Korean conglomerate, the investments will produce 200,000 metric tons of green hydrogen per year in the region, which will create 300,000 jobs. To accomplish the goal, Hyosung will this year break ground on a 10-megawatt facility that splits water into oxygen and hydrogen. Once completed, it will be the biggest one in Korea, according to the comp
Jan. 25, 2022
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SK to open mega R&D center ‘SK Green Techno Campus’
SK Group said Tuesday it will establish a giant research and development center dedicated to green technologies. According to the third-largest South Korean conglomerate, the R&D facility, tentatively named “SK Green Techno Campus,” will break ground in 2025 in Bucheon, adjacent to Seoul in Gyeonggi Province, and reach completion in 2027. The facility, on a 198,000-square-meter site, will house some 3,000 R&D personnel from the group’s seven affiliates -- SK Energy, S
Jan. 25, 2022
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HiteJinro launches wine gift packages for Lunar New Year
South Korean distiller HiteJinro said Tuesday it has launched its 2022 Lunar New Year gift packages consisting of 67 bundles of import wine collections. The gift set comes at a time when more people are opting to drink alone at home amid the protracted coronavirus pandemic. HiteJinro said it is targeting both beginners and devotees, and those in between. The holiday lineup includes Gernard Bertrand’s Art de Vivre red and white wine, released last year. The company noted that it feature
Jan. 25, 2022
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LG innotek moves up payment schedule ahead of Lunar New Year holiday
LG innotek will pay a combined 144.5 billion won ($120.5 million) of payments to its suppliers weeks earlier than scheduled to support small- and mid-size businesses reeling from the pandemic, the company said Tuesday. The materials arm of LG aims to improve cash flow for partner companies struggling to operate their businesses, invest in facilities, and develop material components in the grip of an economic downturn. By the end of last year, LG innotek already moved up the payment timeline f
Jan. 25, 2022
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More recycled chemical wastes seep into daily lives
Recycled materials are no longer expensive products for a niche market as major South Korean chemical firms roll up their sleeves to introduce them into the daily lives of average consumers. According to LG Chem Tuesday, it has completed the first shipment of a coating material made of bio raw materials such as waste cooking oil and palm residues. The material, named neopentyl glycol, or NPG, is used to coat cars, consumer electronics and drink cans. LG Chem’s eco-friendly NPG, manufac
Jan. 25, 2022
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SK Broadband rolls out new all-in-one OTT platform
SK Broadband Co., a major South Korean internet service provider (ISP), on Tuesday launched a new all-in-one platform that offers content from five streaming services, including Apple TV+. The company's latest PlayZ platform allows users to search and watch media content from five over-the-top services, including homegrown players Wavve, Tving and Watcha, as well as Apple TV+ and Amazon Prime Video. Users must be subscribed to each streaming service to get access to the content. Streaming gia
Jan. 25, 2022
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Korea sees huge drop in employment in manufacturing industry
South Korea’s manufacturing industry saw a huge drop in the number of employed in recent years mainly due to the companies’ contracted local investment and restructuring among shipbuilding and auto making companies, data showed Monday. According to the Federation of Korean Industries, the number of employed in the manufacturing industry dropped by 180,000 in 2019 from the corresponding figure in 2015. Such figures are tantamount to the combined number of employees at Samsung
Jan. 24, 2022
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Hanwha Q Cells CEO to lead renewable energy association
Hanwha Q Cells said Monday that its CEO Lee Ku-hyung has been appointed the 14th chairman of the Korea New and Renewable Energy Association, a business lobby with some 420 member companies. Lee, who joined Hanwha Group in 1990, has served key positions at the group’s solar solutions unit Hanwha Q Cells, formerly Hanwha SolarOne, since 2011 and was promoted to the top position in September last year. Lee, whose term is three years, is expected to lead the association based on years of
Jan. 24, 2022
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GS E&C becomes first to export green hydrogen plant modules
GS Engineering and Construction said Monday it has signed a memorandum of understanding with California-based SG H2 to supply modules that will be used to construct green hydrogen plants. The renewables project, led by SG H2 Energy’s special purpose company SG H2 Lancaster LLC, is expected to produce 11 tons of green hydrogen in Lancaster, California, an amount that can fuel 1,700 mid-size hydrogen-powered cars. The deal will mark the first time for a Korean firm to export hydrogen pl
Jan. 24, 2022
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LG to unveil life-size Omnipod, self-driving concept car
LG Electronics Inc. said Monday it will show off the real-life version of its futuristic self-driving vehicle next month. The LG Omnipod, a mobility concept solution that can serve as "a home office, an entertainment center or even a lounge," will be on display at a mobility fair at the COEX convention center in southern Seoul on Feb. 10. The self-driving home on wheels is fitted with LG home appliances retooled for in-vehicle use and provided with artificial intelligence concierge s
Jan. 24, 2022
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Jeju Air to adopt cargo plane for 1st time among budget airlines
Jeju Air Co., South Korea's biggest low-cost carrier, said Monday it will adopt a cargo plane for the first time among local LCCs to ride out the prolonged COVID-19 pandemic. Jeju Air plans to begin operating a cargo plane in the first half of this year to offset a sharply declined passenger travel demand amid the pandemic, the company said in a statement. Korean Air Lines Co. and Asiana Airlines Inc., the country's two biggest and full-service carriers, have focused on winning cargo deals to
Jan. 24, 2022
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Doosan Heavy wins W160b plant order in Germany
Doosan Heavy Industries & Construction Co., a South Korean plant builder, said Monday its German subsidiary has received a 160 billion-won ($134 million) order for a waste processing plant in Germany. Doosan Lentjes obtained the order from MHKW Wiesbaden GmbH to build a waste-to-energy plant in Wiesbaden, Germany, by 2024, the company said in a statement. Doosan Heavy said it aims to win more waste-to-energy plant deals in Europe as European countries are expected to place about 80 waste-t
Jan. 24, 2022