Most Popular
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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'Culinary Class Wars' producers deny trying to spice up results
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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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Hyundai Oilbank to establish 100,000-ton blue hydrogen ecosystem
Hyundai Oilbank said Monday it will establish a blue hydrogen ecosystem with an annual production capacity of 100,000 metric tons by 2025 and convert carbon generated from the production process into commercial products such as dry ice. According to the South Korean energy company, the ecosystem will extract hydrogen from natural gas and refinery by-products and remove carbon to make the hydrogen “blue.” The hydrogen will be then transported, delivered and supplied to customers to
May 31, 2021
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Samsung Heavy bags W417b order for 2 LNG carriers
Samsung Heavy Industries Co. said Monday that it has signed a 417 billion won ($374 million) deal to build two liquefied natural gas (LNG) carriers. Under the deal with an Oceanian company, Samsung Heavy will deliver the vessels by July 2024, the company said in a regulatory filing. The vessels will be equipped with devices to boost fuel efficiency, the shipbuilder said. With the latest deal, Samsung Heavy has bagged orders worth $5.4 billion for 44 ships so far this year, achieving 59 perc
May 31, 2021
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LG to release new 32-inch gaming monitor in S. Korea
LG Electronics Inc. said Monday its new gaming monitor will be available in South Korea this week as the tech giant aims to expand its sales amid the pandemic-driven stay-at-home trend. LG's latest 32-inch UltraGear monitor, 32GP850, will hit local shelves Tuesday with a price tag of 799,000 won (US$720). The addition of the 32GP850 expands LG's gaming monitor portfolio to 19 models, with their display sizes ranging from 24 inches to 38 inches. The new monitor comes with Nano IPS display s
May 31, 2021
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Samsung ups presence in Europe, Middle East and Africa in Q1: report
Samsung Electronics Co. expanded its presence in the Europe, Middle East and Africa (EMEA) smartphone market in the first quarter of the year, a report showed Monday The South Korean tech giant shipped 30.6 million smartphones in the EMEA market in the January-March period for a 32.8 percent market share, according to the latest report from industry researcher International Data Corp. (IDC). The figures were up from a year earlier when the company shipped 22.7 million smartphones for a 29.5 p
May 31, 2021
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Hyundai E&C to begin sales of Hillstate Iksan aparment complex
Hyundai Engineering & Construction will begin presales of flats for a new high-rise apartment complex in Iksan, North Jeolla Province this month, the company said Sunday. The apartment complex, dubbed Hillstate Iksan, will comprise six buildings with 454 housing units, which measure from 59 to 126 square meters. The complex is at a prime location right next to Seonhwa-ro which cuts through the center of the city, the builder said. On top of that, it is also close to Iksan Station that i
May 30, 2021
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[#WeFACE] Energy transition essential for exports: RE100 head
The Korea Herald is publishing a series of interviews with the lineup of speakers who will discuss solutions to the climate crisis at the H.eco Forum, which is scheduled to be held virtually on June 10 under the theme “We Face the Climate Clock.” – Ed. It was only last December when a South Korean company joined the global RE100 campaign -- a pledge to use 100 percent renewable power. The list is growing, but probably not fast enough for the country’s export-driven econ
May 30, 2021
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LG Electronics to launch beta test of robot lawn mower
LG Electronics said Sunday it will conduct a beta test of a robot lawn mower to develop a model optimized for Korean customers. This is the first time the company will conduct a demo test and develop a product together with customers. According to LG Electronics, it will receive 50 volunteers by June 11 and let them use the robot lawn mowers for two months. Based on their feedback, LG Electronics will develop a model customized to Korea’s residential environment. “Participants
May 30, 2021
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Gap widens between TSMC and Samsung Electronics
The gap between the world’s top two chip companies -- TSMC of Taiwan and Samsung Electronics of South Korea -- has widened over the past 12 months in terms of market cap, according to a Seoul-based corporate tracker. CEO Score said on Sunday that the market capitalization of TSMC and Samsung Electronics had a difference of about $10 billion a year ago, but the gap has widened to $117 billion. As of May 27, the value of TSMC was $543.3 billion, a 96.3 percent surge from $276.8 billion
May 30, 2021
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[Weekender] The truth about biodegradable plastics
For average customers, one of the easiest ways to pursue a green lifestyle is to purchase eco-friendly products. To target these customers and raise their brand images, companies in South Korea are rolling out eco-friendly products one after another, including some made of biodegradable plastic. Typically made from natural materials such as corn starch, biodegradable plastic is designed to break down naturally when it goes to landfills. However, these efforts – and extra expenses -- m
May 29, 2021
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Posco taps into secondary battery recycling business
Posco has taken another step forward in the secondary battery recycling business, as it landed a new partnership deal with Chinese cobalt supplier Huayou Cobalt on Friday. The steelmaker inked a joint investment deal with the government of South Jeolla Province and Huayou Cobalt, a Shanghai-listed company specializing in material refining and purification. The secondary recycling business involves extracting core materials used in making secondary batteries, such as nickel and lithium fro
May 28, 2021
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Hyundai Motor seeks to sell Beijing No. 1 plant site: sources
Hyundai Motor Co., South Korea's biggest carmaker, is seeking to sell an idle plant site in China to a local district government, industry sources said Friday. Hyundai Motor plans to sell the site of the No. 1 Beijing plant, which has been suspended since April 2019, to the Shunyi administrative district, a person familiar with the matter told Yonhap News Agency over the phone. The plant's suspension came after Hyundai suffered years of sluggish sales in China due to the lingering impact of po
May 28, 2021
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GM Korea to resume full operation next week
GM Korea, the local subsidiary of the Detroit-based carmaker General Motors, will be resuming operations of its key manufacturing plants here, months after a global semiconductor shortage sent them reeling and halted production. The company will return to its regular operation and production level starting next week, as part of its US headquarters’ decision to normalize global productivity, officials said Friday. “But as the semiconductor shortage prolongs, we will need to assum
May 28, 2021
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Samsung moves up to 2nd spot in wearables market in Q1: report
Samsung Electronics Co. was the world's second-largest vendor of wearable devices in the first quarter of the year, a report showed Friday, on the back of its wireless earbuds sales. The South Korean tech giant moved ahead of China's Xiaomi Corp. for the first time to take the runner-up spot with a market share of 11.8 percent, which was up 0.6 percentage point from a year earlier, according to the latest report from market researcher International Data Corp. (IDC). Samsung shipped 11.8 millio
May 28, 2021
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Apple to offer trade-in program for LG smartphone users in S. Korea
The South Korean unit of Apple Inc. will run a trade-in program to woo LG Electronics Inc.'s smartphone users, industry insiders said Friday, in a move to expand its presence on the home turf of Samsung Electronics Co., the world's largest smartphone vendor. Apple's smartphone exchange scheme with local mobile carriers will pay the trade-in value of a mobile device and an additional 150,000 won ($135) to those who replace their LG smartphones with iPhones, according to the sources in the teleco
May 28, 2021
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Kia to run a ‘pick up and charge’ service for EV users
Kia, the carmaker affiliated with Hyundai Motor Group, will run a pilot “pick up and charge” program for the convenience of electric vehicle users, officials said Thursday. “We have come up with an on-demand pick up and charge system in order to reduce any inconvenience that all-electric vehicle drivers may face in everyday life,” the company said in a release. To go with the service, which will be available 24 hours a day in most parts of the country, the company has
May 27, 2021
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HMM vows to halve carbon emission by 2030
South Korea’s top shipping company HMM -- formerly Hyundai Merchant Marine -- has vowed to halve carbon emissions by 2030, as part of its blueprint to attain carbon neutrality by 2050. The announcement came during a preliminary session of the 2021 P4G, Partnering for Green Growth and the Global Goals 2030, an event held Wednesday at Seoul’s Dongdaemun Design Plaza, officials said Thursday in a release. “HMM saw its carbon emission volume reduced by 40 percent from 2008 to 20
May 27, 2021
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Eco-friendly KTX-Eum showcases homegrown high-speed train technology
Have you tried the KTX-Eum yet? This eco-friendly high-speed train is South Korea’s first to feature homegrown technology. The KTX-Eum began operating along the central line in January, making it possible to travel from Cheongnyangni Station in Seoul to Andong, North Gyeongsang Province, in just two hours. While other KTX trains have power cars on either end, the KTX-Eum’s power system is dispersed, making it possible for more passengers to be on board and for the train to slow dow
May 27, 2021
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[Herald Interview] Korail CEO Son Byung-seok maps out new future
Could South Korea’s railroad network one day be connected all the way to Europe? It’s a vision the country has long hoped for, after its railroad tracks were severed at the 38th parallel border line during the 1950-53 Korean War that now divides the North from the South. The war has left South Korea “an island,” Son Byung-seok, CEO of Korea Railroad Corp. said in an interview with The Korea Herald. That’s why a railway link from Northeast Asia to Europe would pl
May 27, 2021
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Hanwha Solutions to begin supplying hydrogen fuel for cars
Hanwha Solutions, the chemical arm under Hanwha Group, said Thursday that it will begin supplying hydrogen fuel to car parts company Hyundai Mobis, a step toward a more active role in the expanding hydrogen market. The company’s plan is to produce a total of 48 tons of hydrogen over two years starting in July, and gradually increase the supply in line with the establishment of related infrastructure. The move marks the chemical company’s foray into the country’s automotive hy
May 27, 2021
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Hyundai Engineering selected as preferred bidder for construction project in Poland
Hyundai Engineering is accelerating efforts to gain a bigger foothold in the European plant construction market, having been chosen as a preferred bidder for a 2 billion-euro ($2.4 billion) deal in Poland. The South Korean firm has teamed up with Spain’s Tecnicas Reunidas for the project, lead by Poland’s PKN Orlen, one of the biggest oil refiners and petroleum retailers in Central and Eastern Europe, to build a petrochemical complex in Plock, central Mazovia, about 120 kilometers
May 27, 2021