Most Popular
-
1
S. Korea, Singapore seal supply chain agreement
-
2
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
3
Korean language teaching expert says demand has outstripped supply
-
4
Conscripting women to lead to 'more babies,' claims military think tank
-
5
[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
-
6
Who is pollster roiling politics with claims of government string-pulling?
-
7
Taking away phones during school hours not a human rights violation: watchdog
-
8
Kim Jong-un vows to thwart S. Korea-US 'nuclear alliance'
-
9
Korea launches antidumping probe into Chinese steel
-
10
Korea added to key bond index
-
LG Electronics chosen as Corporate Startup Stars in CSS Award
LG Electronics has been chosen as one of the most active corporations working with startups and was honored for its collaboration practices in East Asia at the seventh Corporate Startup Starts Awards. According to LG Electronics on Sunday, it has been named a East Asia Corporate Startup Star for its cooperation with startups in East Asia. The award is divided into seven regional awards -- Europe, North America, South America, Africa, Middle East, East Asia, China. The CSS Awards, jointly organiz
Dec. 18, 2022
-
Minister confirms South Korea’s participation in US-led chip alliance
South Korea is highly expected to join a strategic chip alliance proposed by the United States, as the trade minister stressed the country “cannot miss out” in the semiconductor industry, a key pillar of the Korean economy. Minister of Trade, Industry and Energy Lee Chang-yang said the government is considering joining the so-called Chip 4 grouping that connects the four global chip powerhouses -- South Korea, the United States, Taiwan and Japan. “We really cannot miss (opportu
Dec. 18, 2022
-
Elevated Korea-Vietnam ties invite century-long perspective
HANOI, Vietnam -- Key figures of South Korea and Vietnam pledged to cultivate a century-long perspective on the two nations’ shared prosperity which will lay the foundation for a shift in regional dynamics, in the wake of an upgrade in bilateral ties earlier this month. Long-lasting economic, industrial and cultural exchanges, as well as reciprocal cooperation between Korea and Vietnam are vital in the face of the global uncertainties disrupting industrial supply chains worldwide, said s
Dec. 18, 2022
-
Can Vietnam mirror success of 'Miracle on the Han River'?
HANOI, Vietnam -- Behind the explosive economic growth of Vietnam, which achieved a 5 percent growth of real gross domestic product annually for two decades -- 1.7 times faster than the global average -- lies its dependence on foreign government aid for development and direct capital investment projects. As Hanoi looks to set the stage for full-fledged modernization nationwide, there is a growing need for Southeast Asia's fourth-largest economy to be independent, in part through promoting h
Dec. 18, 2022
-
[From the scene] Festivities fill air as 'kinship' of Korea, Vietnam reaches new heights
HANOI, Vietnam -- Sing-alongs at a mini concert of a legendary singer, a surprise appearance of Vietnam's national hero, eye-catching choreography, and festivities: these were the moments that captured the hearts of some 1,000 people at the Korea-Vietnam Economic Cooperation Forum 2022 held at the InterContinental Hanoi Landmark72 Friday. The event, designed to celebrate the 30 years of economic ties between South Korea and Vietnam, also hosted performances on its sidelines to mark the cu
Dec. 18, 2022
-
Provincial governments pin high hopes on elevated ties of Korea-Vietnam
HANOI, Vietnam - Provincial governments of Korea and Vietnam boasted their abundant infrastructure, key industries, and investor incentives during the Korea-Vietnam Economic Cooperation Forum held on Friday in Hanoi, Vietnam, pinning high hopes on elevated ties between the two countries. Kim Young-hwan, governor of North Chungcheong Province, suggested Korea and Vietnam work together to diversify global supply chains that are heavily reliant on China amid the escalating US-China rivalry. North C
Dec. 18, 2022
-
Boosting healthcare partnership between Korea, Vietnam
HANOI, Vietnam - South Korea’s Myongji Hospital and Vietnam’s Thai Binh Province on Friday signed a memorandum of understanding to boost the healthcare partnership between the two parties, on the sidelines of the Korea-Vietnam Economic Cooperation Forum 2022 held at InterContinental Hanoi Landmark72. The agreement, signed by Lee Wang-jun, chairman of Myongji Medical Foundation, and Pham Quang Hoa, director of Thai Binh Department of Health, aims to develop the Vietnamese provincial g
Dec. 18, 2022
-
Korea-Vietnam economic ties heading to next level
HANOI, Vietnam - Jeong Man-ki, vice chairman of the Korea International Trade Association, stressed now is the time for South Korea and Vietnam to seek the next level of economic ties as the two nations face structural and geopolitical challenges in his keynote speech during the Korea-Vietnam Economic Cooperation Forum held in Hanoi, Vietnam, on Friday. Under the title “Great Together, Next Prosperity 100,” Herald Corp., publisher of The Korea Herald and Herald Business, held the for
Dec. 18, 2022
-
SK to unveil latest low emission technologies at CES
South Korea's SK Group said Sunday it will present more than 40 up-to-date low carbon emission technologies at the upcoming Consumer Electronics Show in Las Vegas early next month, highlighting its drive for the green energy transition. Eight SK affiliates, including SK Inc. and SK Innovation Co., and 10 US-based partner companies will participate in the major international electronics trade show slated to take place from Jan. 5-8, under the theme of "Together in Action," the ener
Dec. 18, 2022
-
Hyundai IONIQ 5, Santa Fe win Kelley Blue Book Best Buy Awards
South Korea's Hyundai Motor Co. said Sunday the IONIQ 5 all-electric model and the Santa Fe SUV have received three awards in the 2023 Kelley Blue Book Best Buy Awards. The IONIQ 5 beat its rivals in two categories, winning the Electric Vehicle segment and the New Model segment. The Santa Fe won in the Two-Row Midsize SUV segment, the company said in a statement. The Best Buy Awards are based on expert vehicle evaluation and testing of nearly every new vehicle available. The overall process
Dec. 18, 2022
-
Hyundai Motor to supply vehicles for disabled during Libyan civil war
Hyundai Motor Co. said Sunday it has signed a deal with the Libyan government to supply 3,000 vehicles for those who became disabled during the Second Libyan Civil War. Under the deal, Hyundai Motor will provide 3,000 units of the Venue subcompact to the North African country by the first half of 2023, the company said in a statement. In 2021, the South Korean carmaker supplied 2,100 vehicles for the disabled in a deal with the General Authority for the Social Solidarity Fund in Libya. The compa
Dec. 18, 2022
-
Hyundai Pharm withdraws application for abortion pill approval
The Ministry of Food and Drug Safety said on Friday Hyundai Pharmaceutical voluntarily withdrew its application for the approval of its abortive drug Mifegyne, consequently dimming South Korea's prospect for medication abortions. "The company was unable to send in the data required by the Ministry of Food and Drug Safety in time, and decided to withdraw the application for the time being," said an official from Hyundai Pharm. As Mifegyne contains a new substance to be used for the
Dec. 16, 2022
-
Lotte reshuffle prioritizes 'same but younger faces'
South Korea's fifth-largest conglomerate Lotte Group seeks to give fresh impetus to its affiliates suffering overall lackluster performances through a year-end personnel reshuffle. Lotte's latest reshuffle highlights the expansion of its young leadership, with 46 percent of the newly selected executives in their 40s. Former Executive Vice President Lee Hoon-ki, who led Lotte Group's ESG Management Innovation Office, was promoted to president of Lotte Healthcare, joining the group&
Dec. 15, 2022
-
LS Cable & System acquires shares in underwater construction firm
South Korean cablemaker LS Cable & System seeks to expand its business horizon to the clean energy sector by acquiring 16 percent shares in underwater construction firm KT Submarine. LS Cable & System purchased the shares in the marine construction company for 25.2 billion won ($19.3 million) in Nov. 30, making itself the second largest shareholder after KT Group. With a call option that the firm already decided to exercise next year, LS Cable & System is expected to become the large
Dec. 15, 2022
-
US cargo airline to build large maintenance facility at Incheon airport
Atlas Air of the United States, one of the world's largest air cargo carriers, plans to build a large-scale aircraft maintenance facility at Incheon International Airport, west of Seoul, the airport's operator said Thursday. Incheon International Airport Corp., the operator of the nation's largest airport, said it signed a formal agreement with Atlas Air Worldwide Holdings, which owns Atlas Air, and Sharp Technics K, a South Korean company specializing in aircraft maintenance, on
Dec. 15, 2022
-
Samsung to underline 'sustainable innovation' at CES 2023
Samsung Electronics Co. will present its vision for "sustainable innovation" at the Consumer Electronics Show next month, its top executive said Thursday, continuing its focus on developing products that are both highly connected and sustainable. As a major technology company, "Samsung Electronics has a responsibility to establish an eco-conscious value chain through our innovative technologies and products," Han Jong-hee, CEO and head of the Device eXperience division, said
Dec. 15, 2022
-
Bioindustry output jumps over 20 % in 2021 on robust exports
The South Korean bioindustry's output surged more than 20 percent in 2021 from a year earlier on the back of brisk exports amid the coronavirus pandemic, data showed Thursday. The industry's production came to about 21 trillion won ($16.2 billion) last year, up 22.1 percent from a year earlier, according to the data from the Ministry of Trade, Industry and Energy and the Korea Biotechnology Industry Organization. It marks the first time that the bioindustry's output has exceeded t
Dec. 15, 2022
-
Highlighting elevated ties between Korea, Vietnam
Herald Corp., publisher of The Korea Herald and Herald Business, will co-host a forum on Friday to shed light on how the elevated bilateral relationship engenders new opportunities between the provinces of South Korea and Vietnam. Also coming into focus are the higher standards of living in Vietnam in tandem with the nation's fast economic growth, a burgeoning manufacturing hub in the fourth-largest economy in Southeast Asia, Korea's evolving food technologies that are coming to Vietnam, as well
Dec. 14, 2022
-
[Newsmaker][From the Scene] Daewoo’s Starlake City, a new posh neighborhood in Hanoi
Hanoi, VIETNAM -- In the heart of Vietnam’s capital Hanoi, some 5 kilometers northwest of Hanoi City Hall, lies Daewoo Engineering and Construction’s Starlake City complex of luxury residential, commercial and administrative centers around the West Lake, a spiritual place in the city. Within an area of almost 2 square kilometers, one of the largest urban projects in the city, the South Korean builder aims to feed the dreams of Vietnamese locals who yearn to live a lavish lifestyle. T
Dec. 14, 2022
-
Posco named world's most competitive steelmaker for 13th year
South Korean steel giant Posco said Tuesday it was named the world’s most competitive steelmaker for the 13th consecutive year. In an annual global industry assessment of 35 steelmakers from around the world, steel information service provider World Steel Dynamics (WSD) gave Posco an average score of 8.5 points out of 10, according to the Korean company. Established in 1999, the WSD is the only organization to announce the competitiveness index among the world's steelmakers. Based o
Dec. 13, 2022