Most Popular
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'Culinary Class Wars' producers deny trying to spice up results
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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Ex-president's daughter investigated for drunk driving accident
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Seoulites celebrate coexistence at Wellness Seoul 2024
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Netflix, streaming platforms come under fire for loose ratings
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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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20 minors registered as CEOs making over 100 million won
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Yoon honors veterans of Korean War in trip to Philippines
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K-pop CEOs sidestep key issues at National Assembly audit
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Daewoo Shipbuilding develops carbon dioxide storage technology
D aewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has developed a technology to store carbon dioxide captured in ship engine emissions. The technology developed in cooperation with a local ship part supplier, HI AIR Korea Co., will help ships in operation reduce their carbon dioxide emissions to brace for environment regulations by the International Maritime Organization (IMO), DSME said. The IMO aims to cut carbon dioxide emissions from international shipping by more
Sept. 16, 2021
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Shareholders approve SK Innovation's battery biz spin-off
SK Innovation Co. said Thursday it has received shareholders' approval to split off its battery unit to focus on new growth drivers. With the approval, the refinery-to-battery subsidiary under South Korea's No. 3 conglomerate, SK Group, will be split into two entities that are respectively in charge of its battery and petrochemical businesses. The new entities will be officially launched Oct. 1. SK Innovation will serve as a holding firm in charge of developing its eco-friendly business port
Sept. 16, 2021
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Convenience store chain E-Mart24 to open 4th outlet in Malaysia
E-Mart24 Inc., the convenience store arm of South Korean retail giant Shinsegae, said Thursday it will open its fourth store in Malaysia late this month as part of its overseas push. The new outlet, slated to open at the end of this month, will be located in a residential-commercial district in the Malaysian capital of Kuala Lumpur. E-Mart24 opened its third outlet in the Malaysian state of Selangor on Thursday after launching its first store in an office district in Kuala Lumpur in June this
Sept. 16, 2021
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Samsung signs partnership with Louvre for art subscription service on TV
Samsung Electronics Co. said Thursday it has signed a partnership with the Louvre, the renowned art museum in Paris, to expand its art subscription service on TV amid the pandemic-driven stay-at-home trend. Under the deal, those who own Samsung's Frame TV can now see some 40 famous art pieces at the Louvre, including Leonardo Da Vinci's "Mona Lisa," through its Art Store art subscription platform. The Art Store, currently available only on the Frame TV, offers more than 1,500 art p
Sept. 16, 2021
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5 companies to recall some 300 vehicles over faulty parts
Volvo Cars Korea, Toyota Motor Korea Co. and three other companies will voluntarily recall some 300 vehicles to fix faulty components, the transport ministry said Thursday. This is the latest in a series of recalls by carmakers in South Korea and vehicle importers due to problems with vehicle components. The companies, which include Audi Volkswagen Korea and Ford Sales & Service Korea, are recalling a combined 302 units in eight kinds of models, the Ministry of Land, Infrastructure and Tr
Sept. 16, 2021
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Hyundai Motor to reuse EV batteries as ESS in Texas
Hyundai Motor Group said Wednesday it has joined hands with two local partners in Texas to test whether spent-up electric vehicle batteries could be reused as energy storage systems. ESS is a giant battery the size of a container that stores leftover electricity by renewables such as solar and wind power. By September next year, Hyundai Motor, CPS Energy and OCI Solar Power will establish an ESS facility that can store a half-megawatt power, which is enough to power some 100 homes for a day.
Sept. 15, 2021
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Hyundai-LG joint battery plant breaks ground in Indonesia
Hyundai Motor Group on Wednesday broke ground on a 10 gigawatt-hour battery cell production plant in Indonesia in cooperation with LG Energy Solution, joining the global race to secure battery cells for the future. The joint factory, set for completion in the first half of 2023, will be built on a 300,000-meter site in Karawang, near the Indonesian capital of Jakarta. The two South Korean firms have formed a $1.1 billion joint venture for the project, with each owning a 50 percent stake. The
Sept. 15, 2021
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[From the Scene] Korea’s silent battle against urban sewage
Everything that goes down the drain in Suwon, Gyeonggi Province, a city of 1.25 million people, ends up in the Suwon Environment Affairs Agency. Every day, as much as 520,000 cubic meters of wastewater is filtered and purified at two water treatment facilities there -- one under and one above the ground -- and is then discharged into the river that leads to South Korea’s west coast. Earlier this month, The Korea Herald visited the underground facility whose operation is commissioned to
Sept. 15, 2021
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Apple to launch iPhone 13 in S. Korea on Oct. 8
Apple Inc. said Wednesday it will launch its new smartphone, the iPhone 13, in South Korea next month as the US tech giant aims to solidify its leadership in the premium segment. Apple on Tuesday (local time) unveiled four models of the iPhone 13 series -- the 5.4-inch iPhone 13 mini, the 6.1-inch iPhone 13, the 6.1-inch iPhone 13 Pro and the 6.7-inch iPhone 13 Pro Max. Apple said its new iPhone family, featuring upgraded camera system and enhanced battery life, will go on sale in South Korea on
Sept. 15, 2021
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LG to launch new notebook dedicated to Naver's online learning system
LG Electronics Inc. on Wednesday said it will launch a new online education-dedicated notebook next month in partnership with South Korea's internet portal giant Naver Corp. LG will release "Whalebook," a cloud-optimized laptop powered by Naver's Whale operating system (OS), suitable for its online education platform Whale Space. The product will be first sold in the B2B market in South Korea in October and will be available to consumers later with a price tag of 550,000 won ($470). LG
Sept. 15, 2021
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Google says it offers W12tr in consumer benefits in S. Korea annually
Google said Wednesday it offers around 12 trillion won ($10.25 billion) in economic benefits for South Korean consumers annually through its services, highlighting its presence in the country amid growing scrutiny from local regulators and politicians over allegations of unfair business practices. During an online recorded event, the tech giant said it provides 5.1 trillion won per year in benefits for South Koreans through its Play store, 4.2 trillion won through its search service, and 2.5 tri
Sept. 15, 2021
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Hyundai Heavy to unveil its newly developed gas carriers in Gastech 2021
Hyundai Heavy Industries Group said Wednesday it will push to win approval of its newly developed gas carriers from global ship quality assurance and risk management companies, such as Lloyd's Register from Britain, and flag states in an upcoming exhibition. The world's biggest shipbuilder plans to unveil gas carriers at Gastech 2021, the world's largest exhibition and conference supporting the gas, LNG, hydrogen and energy industry, slated for Sept. 21-23 in Dubai. The group's newly developed v
Sept. 15, 2021
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Who is Yeo Han-koo?
South Korea’s new Trade Minister Yeo Han-koo is a veteran negotiator who sat at the bargaining table for many of the free trade deals South Korea has inked over the past two decades, including the one with the European Union. Before assuming his current position on Aug. 9, the 51-year-old bureaucrat served as presidential secretary for the New Southern and New Northern policies -- President Moon Jae-in’s signature foreign policy initiatives to expand the nation’s economic and
Sept. 14, 2021
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[Herald Interview] Carving out a place for Korea in new global trade order
When Yeo Han-koo, South Korea’s newly minted trade minister, first joined the officialdom in the early 1990s as a trade relations official, his country was just struggling to catch up with an emerging international trade order that later gave birth to the World Trade Organization. Three decades and 17 free trade deals later, South Korea stands as a shining example of free trade-driven prosperity, ranking among the world’s top 10 exporters. The path ahead, however, looks fraught w
Sept. 14, 2021
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SK, Group14 to establish W850b battery material plant in Korea
SK Materials and Group14 Technologies will jointly establish an 850 billion won ($725.7 million) silicon anode plant in Sangju, North Gyeongsang Province, to gain foothold in the next-generation electric vehicle battery market, SK Materials said Tuesday. The project is to be led by a joint venture set up earlier by the two in a 75:25 ratio, tentatively named SK Materials Group14. The first factory is to break ground in October and kick off commercial operation starting next year. Including f
Sept. 14, 2021
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GS Caltex dispatches robots into hazardous ops with nitrogen asphyxiation risks
GS Caltex said Tuesday that it has deployed robots to maintenance tasks that entail risks of nitrogen asphyxiation, accelerating its digital transformation drive. According to the South Korean total energy company, its robot has successfully conducted a maintenance operation at the firm’s petrochemicals facility filled with nitrogen. The inert gas reduces fire risks during operation, but puts workers at risk of suffocation. Of 65 cases of workplace nitrogen asphyxiation cases in the la
Sept. 14, 2021
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LG Chem to produce 75,000 tons of corn-based bioplastic in US
LG Chem said Tuesday it will form a joint venture with Archer Daniels Midland, one of the world’s largest corn processors, to produce 75,000 tons of corn-based bioplastic per year starting in 2025. According to an agreement signed Monday between South Korea’s leading chemical firm and the Chicago-based agriculture company, a joint venture will be launched in early 2022 in the US to produce corn-based lactic acid and poly lactic acid, a biodegradable plastic used for food packaging,
Sept. 14, 2021
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Money supply keeps growing in July
South Korea's money supply continued to expand in July on increased corporate fund-raising and household loans amid the COVID-19 pandemic, central bank data showed Tuesday. The country's M2 stood at 3,443.9 trillion won ($2.94 trillion) as of end-July, up 0.9 percent from a month earlier, according to preliminary data from the Bank of Korea (BOK). From a year earlier, M2 soared 20.5 percent, the central bank said. A key economic indicator closely monitored by authorities, M2 is a measure of
Sept. 14, 2021
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Samsung releases new monitor designed for video conferences
Samsung Electronics Co. on Tuesday released a new monitor suitable for video meetings as the tech giant aims to expand its presence amid the pandemic-driven stay-at-home trend. Samsung's new monitor, S40VA, comes with a pop-up webcam and microphone on the top of its display. It allows consumers to use it only when needed, offering an enhanced design look and security. The 24-inch monitor, which comes with an IPS display panel with a viewing angle of 178 degrees, is also installed with a buil
Sept. 14, 2021
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Samsung Heavy to close one of Chinese plants
South Korean shipbuilder Samsung Heavy Industries Co. said Tuesday it will close one of its Chinese plants due to decreased productivity caused by its superannuated facilities. Samsung Heavy has been in talks with the Chinese government to hand over the land and other assets by Samsung Heavy Industries Ningbo Co. early next year, the company said in an emailed statement. Samsung Heavy has two plants in China -- Samsung Heavy Industries Ningbo with 150,000 ton production capacity and Samsung
Sept. 14, 2021