Most Popular
-
1
Korea added to key bond index
-
2
South Korean author Han Kang wins 2024 Nobel Prize in literature
-
3
North Korea notifies UN Command of plans to fortify border with South
-
4
Will Apple quit smart ring race with Samsung?
-
5
[KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?
-
6
[Breaking] South Korea's Han Kang wins 2024 Nobel literature prize
-
7
More deaths in ICU following doctors' mass walkout: lawmaker
-
8
Security issues to take center stage at ASEAN summit
-
9
[Herald Interview] Byun Yo-han embraced voice of powerless in ‘Snow White Must Die – Black Out’
-
10
Patients opting to die with dignity on steady rise
-
Hyundai Engineering aims to export Korean-made SMRs
Hyundai Engineering and the Korea Atomic Energy Research Institute on Monday formalized an agreement to export Korean-made small modular reactors internationally, beginning with a project in Canada. Hyundai Engineering CEO Hong Hyeon-sung and KAERI President Joo Han-gyu signed the agreement at the institute's Daejeon headquarters to globally promote Korea’s System-integrated Modular Advanced Reactor, or "Smart." Under this partnership, Hyundai Engineering will spearhead busi
Dec. 13, 2023
-
Celltrion's Avastin biosimilar listed on Ventegra's formulary
Celltrion Healthcare, Celltrion Group’s overseas sales unit, announced Tuesday that Vegzelma, Celltrion’s biosimilar referencing Roche's Avastin (bevacizumab), has been listed as a preferred drug on a formulary managed by Ventegra. “Through Ventegra's proprietary formulary program, which covers 13 million members in the US, Vegzelma will be able to increase its share in the US bevacizumab market,” an official from Celltrion Healthcare said. The latest signing be
Dec. 12, 2023
-
[KH Explains] How Netherlands has become a top K-food destination
In a surprising but pleasant twist to the global wave of Korean cultural influence, the Netherlands has emerged as a formidable player in its love for Korean instant noodles, kimchi and K-food overall. According to customs data, the Netherlands imported $48.64 million of ramen from Korea in the January-November period this year, becoming the fourth-largest importer in the category, following China, the US and Japan. In a separate report, the country also ranked third in kimchi imports, total
Dec. 12, 2023
-
Samsung, ASML agree to build W1tr research fab for chip equipment in Korea
Samsung Electronics and ASML, a Dutch semiconductor equipment supplier, agreed on Tuesday to jointly invest about 1 trillion won ($762 million) to build a research facility in South Korea for the development of "ultra-microscopic" level semiconductor production technology, using next-generation extreme ultraviolet photolithography equipment. SK hynix also forged an agreement with the Dutch firm to collaborate on developing an eco-friendly technology aimed at minimizing energy consumpti
Dec. 12, 2023
-
Korea to build cold chain logistics center in Netherlands by 2027
South Korea’s Busan Port Authority will build a cold chain logistics center in the Netherlands by 2027 in order to accelerate food exports to Europe, Seoul’s presidential office said Tuesday. The Busan Port Authority and its Dutch counterpart, the Rotterdam Port Authority, plan to sign a letter of intent on the new facilities upon President Yoon Suk Yeol’s state visit to the Netherlands. Under the agreement, Busan’s port operator will lease a site within the Port of Rotte
Dec. 12, 2023
-
SK C&C showcases digital net-zero solutions at COP28
SK Inc. C&C, the IT solutions unit of SK Group, attended the United Nations Climate Change Conference to showcase the South Korean industry’s efforts and technology-based solutions to achieving net-zero emissions, the company said Tuesday. COP28, an annual international conference focused on climate change, wrapped up Tuesday in Dubai, United Arab Emirates. The primary goals of the 13-day summit were to limit global warming to 1.5 degrees Celsius, help vulnerable communities adapt to c
Dec. 12, 2023
-
[Photo News] Warmth for foreign workers
Hanwha Ocean said Tuesday that it has handed out neck warmers and earmuffs to some 3,000 foreign employees working at its Geoje shipyard in South Gyeongsang Province. The South Korean shipbuilder has come up with various support measures for its foreign workers, including offering daily guidance books in seven languages and hiring global coordinators to help shipyard workers with everyday communication and safety training. (Hanwha Ocean)
Dec. 12, 2023
-
Posco Future M joins top ESG performers in Asia Pacific
Posco Future M, a South Korean producer of battery materials, has newly joined the 2023 Dow Jones Sustainability Indices Asia Pacific Index in recognition of its commitment to sustainability and responsible business practices, the company said Tuesday. The DJSI, published annually by S&P Global, serves as a benchmark for investors globally, evaluating companies based on their economic, environmental, social and governance performance. The inclusion in the Asia Pacific Index positions Posco
Dec. 12, 2023
-
Korea Forest Service vows to join global reforestration efforts at COP28
South Korea’s forest agency said Tuesday that it attended the United Nations Climate Change Conference held in the United Arab Emirates, to discuss various ways to ramp up global cooperation on reforestation and carbon reduction. An annual multilateral decision-making forum on climate change marking its 28th edition, this year’s COP28 forum was held in Dubai from Nov. 30 through Tuesday under the theme of “Unite. Act. Deliver.” During the event, the Korea Forest Service
Dec. 12, 2023
-
SK donates W12b in year-end charity giving
SK Group, the country's second-largest conglomerate, has donated 12 billion won ($9.11 million) to the Community Chest of Korea in a gesture to help underprivileged people, the group said Tuesday. Despite the challenging economic environment, the conglomerate has maintained its annual tradition of giving that started in 1999. SK’s cumulative donation amount to the local charity organization came in at 234.5 billion won to date. SK Supex Council’s Social Value Committee President
Dec. 12, 2023
-
Daewoong, Zydus ink $92m deal to develop generic drug in US
Daewoong Pharmaceutical announced Monday that the company has signed an exclusive licensing agreement with Zydus Worldwide DMCC to co-develop leuprolide acetate for depot suspension, DWJ108U, a generic of AbbVie’s prostate cancer, endometriosis and uterine fibroids treatment, Lupron Depot. Based in the UAE, Zydus Worldwide DMCC is a wholly-owned subsidiary of Zydus Lifesciences, which was also formerly known as Cadila Healthcare Limited. “Together with Zydus, Daewoong Pharmaceutical
Dec. 11, 2023
-
China’s Alipay+ posts whopping 700% growth in Korea this year
Alipay+, the cross-border payments solutions run by China's Ant Group, saw phenomenal growth in its usage in Korea this year -- almost a 700 percent jump in the monthly numbers -- with the return of foreign tourists and the expansion of its service among the local stores. Danny Chung, the general manager of Ant Group in Korea, Australia, New Zealand and Mongolia, shared the performance and the company's plans Monday during a roundtable meeting with local journalists held in Seoul. Duri
Dec. 11, 2023
-
Korea to set up commission to combat supply chain disruptions
The government said Monday it would establish a commission to coordinate and oversee the country’s policies on critical industrial supply chains by June next year. Together with the Ministry of Foreign Affairs, the Korea Customs Service and the Public Procurement Service, authorities will work to identify risks to supply chains that are highly dependent on specific countries. Each related ministry will operate a supply chain early warning system for materials essential to economic activi
Dec. 11, 2023
-
Daewoo E&C chief visits Cambodia for new business opportunities
Daewoo Engineering & Construction said Monday that Chairman Jung Won-ju met with Say Sam Al, the Cambodian minister of land management, to discuss new business opportunities in the Southeast Asian country. Cambodia was the last destination of Jung’s overseas business trip that started last month. During his trip, Jung visited Nigeria, Malaysia, Singapore and Indonesia. “(Daewoo E&C) wants to take the lead in contributing to the betterment of Cambodian people through introduci
Dec. 11, 2023
-
Samsung sets out in search of ‘unprecedented’ technology
Samsung Electronics has established new teams devoted to forging new ideas for the future of its smartphones and home appliances businesses, according to the company on Monday. The latest organizational restructuring of the tech giant comes as its chairman, Lee Jae-yong, has emphasized technological development as the key to survival amid growing uncertainties in the global economy. To strengthen its device experience division that oversees the company's mobile devices together with home ap
Dec. 11, 2023
-
LG Innotek to showcase mobility, AI tech at CES
LG Innotek said Monday that it will double the size of its exhibition booth compared to last year at the annual CES tech show held in Las Vegas in January to showcase its latest mobility and artificial intelligence technologies. The booth, spanning 330 square meters, will be set up at the entrance of the West Hall, where booths from major global automobile companies are commonly found. Given its location, the booth will be the first to welcome visitors to the tech show, the company added. Alon
Dec. 11, 2023
-
S-Oil honors Korea's firefighters
South Korean oil refiner S-Oil on Monday recognized eight firefighters for their heroic rescue efforts, handing out a total of 90 million won ($68,240) in prizes at the awards ceremony in Seoul, as part of the company's ongoing campaign to support the nation's firefighters. The ceremony was co-hosted by the Korea National Council on Social Welfare at 63 Square, near the Han River in Seoul, earlier in the day. Lieutenant Kwon Tae-jin from the Seoul Special Rescue Team was selected as
Dec. 11, 2023
-
Dried seaweed, ramyeon exports hit new highs
South Korea’s exports of dried seaweed and Korean instant noodles, called ramyeon, are expected to hit record highs this year, according to government data and industry sources, Sunday. According to data from the Ministry of Oceans and Fisheries, outbound shipments of dried seaweed reached $670 million between January and October, up 20.4 percent on-year. Dried seaweed exports continued to increase in November to reach $702 million as of Nov. 10, topping the previous record of $690 milli
Dec. 10, 2023
-
K-water attends COP28 in bid to tackle climate change
The Korea Water Resources Corp., or K-water, said Saturday it attended the United Nations Climate Change Conference to represent South Korea while seeking international cooperation on tackling climate change. COP is an annual multilateral decision-making forum on climate change where almost every country gathers to address the climate crisis. Kicking off on Nov. 30, this year’s COP28 forum was held in Dubai, the United Arab Emirates, with the aim of limiting global warming to 1.5 degrees
Dec. 10, 2023
-
Samsung, SK chiefs to visit ASML to discuss chip alliance
Samsung Group Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won are set to travel to the Netherlands this week to strengthen business ties with ASML, the sole provider of equipment critical in producing advanced chips. The heads of South Korea's top two conglomerates are accompanying President Yoon Suk Yeol on his state visit to the Netherlands from Monday to Thursday. There, they will visit ASML's headquarters in Veldhoven, and also explore the Dutch firm's newly built cle
Dec. 10, 2023