Most Popular
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Korea added to key bond index
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North Korea notifies UN Command of plans to fortify border with South
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Will Apple quit smart ring race with Samsung?
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[KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?
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Jay Park returns with quintessential R&B album after 8 years
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More deaths in ICU following doctors' mass walkout: lawmaker
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Security issues to take center stage at ASEAN summit
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Netflix's latest runaway hit is a Korean reality cooking show
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[Herald Interview] Byun Yo-han embraced voice of powerless in ‘Snow White Must Die – Black Out’
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Patients opting to die with dignity on steady rise
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Toff Mobility to debut Asia's first electric plane service
South Korean air mobility start-up Toff Mobility said Tuesday that it plans to launch Asia’s first airline dedicated to battery-powered electric planes, in a move to reduce carbon emissions in the industry. Under the plan, Toff Mobility will introduce electric planes certified by the European Union Aviation Safety Agency to start tourism and logistics businesses next year. By 2026, it aims to expand the service to the regional airports and the nation's two islands of Ulleung and Jej
Aug. 22, 2023
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Big 4 chaebol groups seek to rebuild FKI
South Korea’s top four chaebol groups -- Samsung, SK, Hyundai Motor and LG -- are likely to rejoin the Federation of Korean Industries, the disgraced business lobby group that has remained practically defunct for years following the revelation of its role in a massive influence-peddling scandal in 2016. According to industry sources on Monday, key affiliates of the nation’s top conglomerates recently held board meetings to approve them rejoining the FKI. The latest decision comes a
Aug. 21, 2023
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SK Ecoplant’s US partner Bloom forays into Germany
SK Ecoplant, the construction and energy arm of SK Group, said Monday that its US partner Bloom Energy has signed a supply deal for solid-oxide fuel cells, or SOFCs, with energy conglomerate EnBW, its first customer in Germany, with an aim to expand its presence in the European market. Under the agreement, Bloom Energy will provide 300 kilowatts of SOFCs to the geothermal plant of Geothermie-Gesellschaft Bruchsal, the affiliate of EnBW in Bruchsal, southern Germany. Since 2018, SK Ecoplant has b
Aug. 21, 2023
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Yeouido to go English-friendly to attract investment
The Seoul Metropolitan Government said Monday that it has begun turning Yeouido, home to finance and investment banking businesses in Seoul, into a more English-friendly area in a bid to transform it into a global financial hub. “In the long term, we are considering the possibility of making English the official language of Yeouido to attract foreign investment,” Seoul Metropolitan Government official Kim Guk-jin said. “However, this cannot be accomplished in the short term, so
Aug. 21, 2023
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Hyundai Department Store, Nestle team up in health push
South Korean retail conglomerate Hyundai Department Store Group said Monday it signed an agreement with global health care giant Nestle Health Science in a bid to expand its health-functional food business, one of its key growth drivers. During a signing ceremony held at Nestle's headquarters in Vevey, Switzerland, the two companies agreed to establish a partnership for Hyundai's exclusive distribution rights of Nestle’s health functional food products in Korea. "The bio-hea
Aug. 21, 2023
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SK hynix unveils HBM3E, supplies sample to Nvidia
South Korean chipmaker SK hynix announced Monday it has successfully developed HBM3E, the next generation top performing DRAM chip for artificial intelligence applications. The chipmaker also said its customer is evaluating the sample of the new product. High Bandwidth Memory is a high-value, high-performance memory that vertically interconnects multiple DRAM chips, enabling a dramatic increase in data processing speed in comparison to earlier DRAM products. HBM3E is the extended version of the
Aug. 21, 2023
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SK Bioscience inks W67b vaccine deal with Thailand's GPO
South Korean drugmaker SK Bioscience said via a regulatory filing Monday that it had clinched a 67.9 billion won ($50.6 million) deal with a Thai state-run company Government Pharmaceutical Organization to provide undiluted solutions of its flu vaccine for 10 years. According to DART, the Financial Supervisory Service's electronic disclosure board, SK Bioscience will be providing undiluted solutions of its SKYCellflu products to GPO's vaccine manufacturing plant in Thailand until Aug.
Aug. 21, 2023
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Innocean wins 10 Red Dot Design awards
Innocean Worldwide, the advertising subsidiary of Hyundai Motor Group, said Monday that it has won a total of 10 Red Dot Design Awards, one of the world’s top design competitions. The prestigious German award, held annually, recognizes innovative works and products from various categories, including product design, brand and communication design, and concept design. This year, Innocean garnered a number of recognitions in the advertising category. Most notably, it secured the Best of the B
Aug. 21, 2023
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Samsung’s WindFree AC is peak of luxury design: top interior designer
Top interior designer Kwon Soon-book has praised Samsung Electronics’ latest WindFree air conditioner under the company's premium Bespoke Infinite line as a stylish home appliance to compliment any luxury interior in a recent interview. “(The) design might appear very simple at first. But it is precisely this simplicity that allows it to coexist with all elements, enhancing its spatial value,” said Kwon, CEO at Magenta Studio. According to Kwon, the key to a timeless aesth
Aug. 21, 2023
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Coway water purifier plant runs at 'full throttle' amid upbeat sales
South Korean home appliance maker Coway announced Friday that its ice-making water purifiers posted a 20 percent increase in sales in July compared to last year, amid unprecedented scorching weather. The sales of ice water purifiers during this summer peak season, from May to July, soared almost 50 percent from the previous year, according to the company. “To meet the increasing demand, our production line in Gongju, South Chungcheong Province, has been operated at full throttle since May,
Aug. 20, 2023
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Samyang releases new spicy ramen brand Meptaeng
South Korean food manufacturer Samyang Foods said Sunday it launched a new spicy ramen brand called Meptaeng to mimic the global success of its bestseller Buldak Spicy Chicken Ramen, the popular spicy ramen product. Targeting consumers' distinctive craving for spicy noodles, the company said it has focused on introducing a diverse range of spiciness for its new noodle products. The three flavors include black pepper beef, garlic clam and chili pepper green onion. In order to help consumers
Aug. 20, 2023
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[KH Explains] Ruling calls time on Lineage clones
A district court has ruled in favor of NCSoft, a major South Korean game developer, in an intellectual property suit that could significantly impact the landscape of massively multiplayer online role-playing games, or MMORPGs, in the country. Lineage, a megahit MMORPG developed by NCSoft in 1998, has led to the birth of the term “Lineage-like games” – referring to many MMORPGs that resemble major aspects of Lineage such as the user interface and basic playing rules. However, th
Aug. 20, 2023
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Samsung SDI seeks global tech talent
Some 200 participants attended Samsung SDI's job fair in Korea on Friday, the firm said Sunday, as it seeks to secure top tech talent to continue its growth momentum. In cooperation with local universities, the battery maker hosted the 2023 Tech & Career Forum at a Seoul hotel that was attended by professors, PhD students and its own top executives. “It all comes down to people to materialize our business goal. Be the star that shapes Samsung SDI’s bright future,” Sa
Aug. 20, 2023
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A third of global GDP covered by Korea-US-Japan partnership
The leaders of South Korea, the US and Japan reached an agreement to establish a trilateral economic security partnership, during a summit held at the Camp David presidential retreat in Maryland on Friday. The trilateral summit was held between Korean President Yoon Suk Yeol, US President Joe Biden and Japanese Prime Minister Fumio Kishida. "We anticipate enhanced stability within our supply chains, financial markets and foreign exchange markets, along with seamless collaboration in cutti
Aug. 20, 2023
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Daewoong eyes W148b in exports amid upbeat botulinum sales
South Korean drugmaker Daewoong Pharmaceutical said Sunday it has set a target of hitting 148.5 billion won ($110 million) in overseas exports this year amid booming sales of its drugs such as botulinum toxin. The company's overseas exports of drugs in 2022 amounted to 134.8 billion won, an increase of more than 200 percent compared to 2020, when it logged 44.8 billion in exports, according to the firm. The company said its growth in exports was largely attributed to the sales of Nabota, or
Aug. 20, 2023
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Eximbank to bolster ties with US, Japanese financial institutions
The state-run Export-Import Bank of Korea said Sunday that it inked a new partnership deal with US and Japanese financial institutions to bolster ties between the three nations, an outcome of last week’s trilateral summit talks. The Eximbank said it signed a trilateral memorandum of understanding with the US International Development Finance Corporation and the Japan Bank of International Cooperation at the US institution’s headquarters in Washington, Friday. The signing ceremony was
Aug. 20, 2023
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Manufacturers' sentiment in positive terrain for 5 months through Sept.
South Korea's manufacturing confidence remained in positive territory for five consecutive months through September, a state think tank said Sunday, driven by an optimistic outlook for the chip industry. The professional survey index for the manufacturing sector's business conditions came to 109 for September, compared to this month's 111, the Korea Institute for Industrial Economics & Trade (KIET) said. A PSI reading above 100 means optimists outnumber pessimists. The latest
Aug. 20, 2023
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Samsung Group gets partial go ahead to rejoin S. Korea's largest business lobby group
An independent compliance committee responsible for oversight of South Korea's largest conglomerate, Samsung, gave a partial go-ahead for the group’s reentry to the Federation of Korean Industries, the country’s largest business interest group. Samsung withdrew from the FKI in 2017, after a high-profile corruption scandal involving Samsung Chairman Lee Jae-yong and the ousted former President Park Geun-hye. “The committee did not confirm whether Samsung should join or not
Aug. 18, 2023
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SK Biopharmaceuticals signs license deal to introduce its epilepsy med in the Middle East, Africa
SK Biopharmaceuticals announced Friday that it had signed an out-licensing deal with Hikma MENA FZE, the Middle East and North Africa unit of British drugmaker Hikma Pharmaceuticals, for its epilepsy medication Cenobamate. Cenobamate is a medication for partial-onset seizures in adults. The drug is currently sold under the brand name Xcopri in the US and Ontozry in Europe. Under the agreement, Hikma MENA FZE is granted rights to commercialize Xcopri in 16 countries in the Middle East and North A
Aug. 18, 2023
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SK On, Ford, EcoProBM pool $887m in Quebec cathode plant
South Korean electric vehicle battery maker SK On announced Friday a joint investment of 1.2 billion Canadian dollars ($887 million) with Ford and Korean battery manufacturer EcoProBM to construct a cathode manufacturing facility in Quebec, Canada. This collaboration aims to ensure a consistent supply of cathode material for SK On and expand EcoProBM's market reach. The facility spans 278,000 square meters and is projected for completion by 2026. Once operational, it is expected to annually
Aug. 18, 2023