Most Popular
-
1
'Culinary Class Wars' producers deny trying to spice up results
-
2
Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
-
3
S. Korea, Singapore seal supply chain agreement
-
4
Seoulites celebrate coexistence at Wellness Seoul 2024
-
5
Netflix, streaming platforms come under fire for loose ratings
-
6
North Korean troops killed, wounded in Ukraine war: Seoul defense minister
-
7
20 minors registered as CEOs making over 100 million won
-
8
[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
-
9
Korean language teaching expert says demand has outstripped supply
-
10
Conscripting women to lead to 'more babies,' claims military think tank
-
Korean Air joins Pratt & Whitney’s engine service network
Korean Air said Friday that it has joined Pratt & Whitney’s engine maintenance, repair and overhaul, or MRO, network to enhance its competitiveness in the field of aviation engine management. US aerospace company Pratt & Whitney is the producer of a high-bypass geared turbofan engine family called the Geared Turbofan, or GTF, and operates a global GTF engine MRO network with the industry’s top players such as Delta TechOps, Lufthansa Technik, and MTU Aero Engines. The A320n
Dec. 17, 2021
-
Lotte Chemical to invest W250b to boost advanced concrete material production
Lotte Chemical Corp., a petrochemical unit of South Korean conglomerate Lotte Group, said Friday it will spend 250 billion won ($211.4 million) to expand its domestic production line of ethylene oxide adduct (EOA), an advanced material used in concrete. The expansion of the production line in Daesan, a county in the central South Chungcheong Province, will help boost its EOA production capacity by an annual 150,000 tons to 480,000 tons globally, the company said in a release. It will also incr
Dec. 17, 2021
-
GS Caltex drone flies over Seoul to deliver heating oil successfully
GS Caltex said Friday its drone flew about 1 kilometer over Seoul to successfully deliver heating oil to its destination in a test run. According to the Korean total energy company, the demonstration was performed at the Korea Drone Expo 2021 in Yeouido, western Seoul, Thursday. The drone, which took off from a GS Caltex gas station, flew across the sky and landed at a nearby park 1 kilometer away. There, officials took out the heating oil from the drone and fueled a heater with it. “G
Dec. 17, 2021
-
SK chairman’s younger brother returns as co-CEO of SK On
SK Group Chairman Chey Tae-won’s younger brother Chey Jae-won will take the post as the co-CEO of SK On, the group’s electric vehicle battery unit. According to SK on Friday, it held a board of directors meeting and appointed the junior Chey as the co-CEO. Chey Jae-won will lead SK On together with current CEO Jee Dong-seob. This is a return to management for Chey eight years after he stepped down from all posts in 2013 when he was sentenced to 3 1/2 years in prison for embezzl
Dec. 17, 2021
-
[Herald Interview] Korea leads international cooperation on forestry issues
Forests are increasingly seen as the fundamental answer to resolve the environmental problems the Earth is facing. The 26th United Nations Climate Change conference held in Glasgow, Scotland, last month dealt with forests as a major agenda. As countries around the world scramble to reduce carbon emission to tackle global warming, the Korea Forest Service is playing a leading role in the worldwide efforts to save and develop forests, preparing to host the 15th World Forestry Congress in May nex
Dec. 16, 2021
-
Posco to build lithium hydroxide plant in Argentina
South Korean steelmaker Posco Group is pushing for commercialization of lithium hydroxide with saline water in the lake of Hombre Muerto, Argentina. Posco announced Thursday that it got an approval from the board of executives for an investment project to commercialize lithium hydroxide production with the salt lithium of Hombre Muerto, a salt lake in Argentina last Friday. A total of 950 billion won ($830 million) will be invested for infrastructure and operation of the lithium hydroxide plan
Dec. 16, 2021
-
Discussion under way for ‘trusted’ 5G network between S. Korea, US: US diplomat
South Korea and the US are discussing ways to cooperate on 5G network establishments for a “trusted” network, said Jose W. Fernandez, the US undersecretary for economic growth, energy, and the environment, on Thursday in Seoul. Touting Korea as a leader in the 5G sector, Fernandez said the US is currently discussing establishing 5G networks with various countries and that South Korean companies will have more opportunities to take part. The remark from the top official came after
Dec. 16, 2021
-
Kia launches localized MPV model in India
Kia Corp., a smaller affiliate of Hyundai Motor Co., on Thursday launched the Carens multi-purpose vehicle in India to gain a share in the local family car market. The seven-seat Carens MPV comes with a 1.5-liter diesel engine, a 1.4-liter turbocharged gasoline engine or a 1.6-liter gasoline engine model, the company said in a statement. The 1.6 gasoline model is equipped with a six-speed manual transmission, with the 1.4 gasoline turbo model mated to a seven-speed dual-clutch transmission or
Dec. 16, 2021
-
SK Inc. invests $50m in US waste-to-fuels company Fulcrum
SK Inc. said Thursday it has joined in on a $50 million investment into Fulcrum BioEnergy, a US-based firm that turns household waste into low-carbon transportation fuels including those for airplanes. According to the holdings company of South Korea’s third-largest conglomerate SK Group, the investment will allow SK Inc. to make a foray into the Korean bioenergy market. SK Inc. is jointly investing in Fulcrum with a Korean private equity fund and did not disclose the exact amount it h
Dec. 16, 2021
-
Who gets the blame for iPhone 13 call malfunction?
Concerns reignited among iPhone 13 users subscribed to telecoms service provider LG Uplus on Thursday as they were still unable to receive calls or had calls disconnected despite the latest but a belated software update. Angry customers blamed Apple on online communities for posting a notice about its latest software update -- the iOS 15.2 -- more than a month after they demanded fixing the problem. Both the manufacturer and the mobile carrier have also been silent over the defects for over a m
Dec. 16, 2021
-
BMW Korea signs MOU to build R&D center by 2023
BMW Group Korea said Thursday it has signed an initial pact with a provincial government to build a research and development center to provide advanced mobility services to local customers. BMW Korea signed a memorandum of understanding with the Incheon metropolitan city and the Korean Free Economic Zones to build the BMW R&D Center Korea in the Cheongna Incheon Hi-Tech Park by 2023 to advance R&D projects involving autonomous driving, connectivity and electrification, the company said
Dec. 16, 2021
-
K Auction to go public next year
K Auction, South Korea’s second-largest auction house by revenue, said Wednesday that it plans to go public early next year, having submitted a prospectus for a 32 billion-won ($26 million) listing on the junior Kosdaq exchange. K Auction expects to offer 1.6 million shares at an indicative range of 17,000-20,000 per share, which would raise between 27 billion won and 32 billion won. The company said it will finalize the price range by December after consulting with institutional investor
Dec. 15, 2021
-
Hyundai Glovis secures exclusive terminal in German port
Hyundai Glovis, the logistics arm of Hyundai Motor Group, became the first global shipping company to secure an exclusive shipping space in the port of Bremerhaven, Germany, Europe’s largest automobile shipping port. Hyundai Glovis announced Wednesday it will establish a 100,000 square-meter open storage yard, big enough to store around 5,000 cars, and three berths in the port of Bremerhaven. The company sealed a contract with BLG Logistics Group that manages the terminals at the port to
Dec. 15, 2021
-
The robots are coming ... with your bubble tea
Baedal Minjok, also known as Baemin, began mobilizing robots for a door-to-door food delivery service, South Korea’s largest food delivery app said Wednesday. Named “Delidrive,” Baemin’s autonomous driving robot is the first of its kind in the world, according to the app operator Woowa Brothers. The robot delivery service is currently only available in the apartment complex of Alleyway Gwanggyo near Suwon, Gyeonggi Province. The company said Delidrive can freely move
Dec. 15, 2021
-
Hyundai Motor sweeps global automotive awards in 2021
Hyundai Motor Group has secured recognition at six of 10 major car of the year awards this year, stepping up its brand value and reputation on the global stage, along with securing fourth place in terms of global sales this year. According to the Korean automaker, Hyundai Motor vehicles including an electric model, luxury car and a combustion engine vehicle have received awards. Hyundai’s Elantra sedan has been awarded as the North American Car of the Year. The company’s luxu
Dec. 15, 2021
-
Samsung retains No.1 spot in Q3 global smartphone market: report
Samsung Electronics Co. retained the top spot in the global smartphone market in the third quarter of the year, a report showed Wednesday. The world's largest smartphone maker held a market share of 20 percent in the July-September period, followed by Apple with 14 percent and Xiaomi with 13 percent, according to a report from market researcher Counterpoint Research. During the three months, the South Korean tech giant shipped 69.3 million smartphones, up 20 percent from the previous quarter
Dec. 15, 2021
-
Korea Aerospace wins W180b T-50 parts supply deal
Korea Aerospace Industries Co. (KAI) said Wednesday it has received a 180 billion-won ($152 million) deal to supply parts and maintenance services to the T-50 trainer jets operated by the Korean military. Under the deal signed with the Defense Acquisition Program Administration, the country's sole aircraft manufacturer will provide parts to the T-50 advanced trainer jets, the FA-50 light attack aircraft and the TA-50 lead-in fighter aircraft until July 2025, the company said in a statement. &
Dec. 15, 2021
-
Samsung, LG Electronics to debut innovative products at CES 2022
Samsung Electronics Co. and LG Electronics Inc., South Korea's two biggest consumer electronics companies, will unveil a slew of innovative products at the upcoming Consumer Electronics Show (CES) set to open early next month in Las Vegas. The two companies are among the approximately 1,700 businesses from around the world and about 300 South Korean companies that will attend the event to showcase their consumer electronics and latest technologies, promising to change the way people live their
Dec. 15, 2021
-
KT&G suspends tobacco business in US amid growing regulations
KT&G Corp., South Korea's dominant tobacco company, will suspend its tobacco business in the United States for an unspecified period, the company said in a regulatory filing Tuesday. "We need to conduct a review of our business in the US amid intensifying regulations over tobacco and growing competition," the company said, referring to a hostile business environment, such as the US Food and Drug Administration's recent move to introduce a bill to curb nicotine content an
Dec. 14, 2021
-
Upbit operator Dunamu vows to go global
Dunamu, the operator of Korea’s largest cryptocurrency exchange Upbit, aims to become a global platform for all types of exchanges, its chief said Tuesday. “In the future, Dunamu will establish a trading channel for all digital assets to discover new opportunities such as metaverses and non-fungible tokens,” said Dunamu CEO Lee Sirgoo in an online press conference held on its recently-launched metaverse platform 2ndblock. “Taking a step further from being a platform f
Dec. 14, 2021