Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Can Jennie break the K-pop solo artist slump?
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Yoon set for talks with Marcos in Philippines
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Ex-president's daughter investigated for drunk driving accident
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First lady’s Dior bag scandal to be at center of Assembly audit
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'Culinary Class Wars' producers deny trying to spice up results
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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Seoulites celebrate coexistence at Wellness Seoul 2024
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Samsung trains 1,500 Congolese cobalt miners in eco-friendly practices
Samsung Electronics and Samsung SDI said Friday that they have begun training more than 1,500 miners from 12 mining cooperatives in Kolwezi, Democratic Republic of Congo, this month to supply cobalt in a more environmentally friendly manner. The project, “Cobalt for Development,” also aims to promote safe working conditions and the well-being of local communities. Through the project -- a cross-industry initiative of Samsung Electronics, Samsung SDI, BMW, BASF and Volkswagen -- th
Oct. 30, 2020
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Hyundai sells over 10,000 Nexo hydrogen cars in S. Korea
Hyundai Motor Co. said Friday it has sold over 10,000 Nexo hydrogen fuel cell electric vehicles in the domestic market since its launch in early 2018. Hyundai began to sell the Nexo hydrogen model in the local market in March 2018 as it aimed to take the leadership position in hydrogen mobility technology. In 2020, Hyundai is targeting selling 10,100 Nexos in Korea, mainly to public organizations and companies, more than doubling from the 4,194 units it sold last year. Separately, the coun
Oct. 30, 2020
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LG Chem’s battery biz split-off gets green light from 82.3% of shareholders
LG Chem’s plan to split off its battery business received final approval at a shareholders meeting at the LG Twin Towers in Yeouido, western Seoul, Friday. The split-off required support from at least two-thirds of all shareholders in attendance, who had to possess at least one-third of all shares issued. “About 77.5 of shareholders participated in the meeting and 82.3 of them voted yes. Also, the split-off earned support from 63.7 percent of total shares,” an LG Chem offi
Oct. 30, 2020
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Hyundai Oilbank aims to reduce carbon emissions by 30% over 30 years
Hyundai Oilbank, South Korea’s major refiner, said Friday that the company would lower its carbon emissions by 30 percent over the next 30 years. Under the plan, the South Korean refiner would cut its carbon emissions by 1.79 million tons, from 6.78 million tons last year to 4.99 million tons in 2050. Hyundai Oilbank said the company would also seek zero net growth in greenhouse gas emissions, even while expanding its business. Hyundai Oilbank is currently conducting joint research wit
Oct. 30, 2020
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LG Electronics partners with foodmaker to expand AI-powered services
LG Electronics Inc. on Friday signed a partnership with a local food firm to expand the use of its artificial intelligence-powered services in kitchen appliances amid the pandemic-driven stay-at-home trend. The South Korean tech powerhouse joined hands with Dongwon F&B Co. so that more LG DIOS light wave oven owners can use the product's AI feature in cooking foods, especially easy-to-cook meals. When users scan a barcode of Dongwon F&B's home meal replacement (HMR) products via the L
Oct. 30, 2020
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SK Innovation swings to Q3 loss on weak demand
SK Innovation Co., South Korea's largest refiner and major battery maker, said Friday it shifted to a net loss in the third quarter from a year earlier due to low demand for petrochemical products amid the COVID-19 pandemic. For the three months that ended in September, SK Innovation swung to a net loss of 16.13 billion won ($14 million) from a net profit of 174.26 billion won in the same period of last year, the company said in a statement. "The coronavirus pandemic continued to weigh
Oct. 30, 2020
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[Monitor] Marriages hit record low amid pandemic
With more deaths than births, the natural decline of the population in August reached 2,800, the highest year-round, the government data showed on Thursday. According to the August population trend released by Statistics Korea, the number of marriages in August fell 18 percent from a year ago, reaching a record low due to the re-proliferation of coronavirus. (khnews@heraldcorp.com)
Oct. 30, 2020
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Doosan Heavy wins 400b won order to build hydropower plant in Nepal
Doosan Heavy Industries & Construction said Thursday it has won a 400 billion won ($353 million) order to build a hydropower plant in Nepal. The South Korean company signed an agreement with Nepal Water & Energy Development to build a 216-megawatt hydroelectric power station on the Trishuli River, 70 kilometers north of Kathmandu, over the next five years, the company said in a statement. NWEDC, a special purpose entity for the project, is 50 percent owned by Korea South-East Power, a
Oct. 29, 2020
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‘Intergovernmental cooperation key to success in New Northern market’
The Korea Chamber of Commerce and Industry said Thursday it held a meeting with companies entering New Northern countries to discuss success factors and market entry strategies. The New Northern countries -- a term coined by the government -- are Russia, Moldova, Mongolia, Belarus, Armenia, Azerbaijan, Uzbekistan, Ukraine, Georgia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan. The meeting was attended by Yeo Han-gu, head of the Northern Economic Cooperation Committee, large co
Oct. 29, 2020
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[Advertising Awards] SK supports good influence of MZ generation
PRINCIPAL AWARDS/GRAND PRIZE SK HOLDINGS By Hong Kyung-pyo Vice president of Brand Management Dept. First of all, I would like to express our gratitude for giving us the Korea Herald Advertising Awards Grand Prize, which will no doubt boost SK holdings’ brand management activities. SK is pursuing greater happiness for all of us by creating social values, with the belief that sustainable management is possible in a sustainable society. This year’s OK! SK campaign is design
Oct. 29, 2020
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Korea to promote Gangneung as host for 2025 ITS World Congress
South Korea’s Ministry of Land, Infrastructure and Transport held an international webinar Thursday to actively promote Gangwon Province’s Gangneung as a candidate city for the 2025 ITS World Congress. The ITS World Congress, dubbed the “Transportation Olympics,” is the world’s largest exhibition and academic conference in the field of intelligent transport systems that began in Paris, France in 1994 and is held annually in Asia, the Americas and Europe. Intel
Oct. 29, 2020
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[Advertising Awards] Incheon Free Economic Zone Authority strengthens national competitiveness
INDUSTRY AWARDS/INVESTMENT ATTRACTION INCHEON FREE ECONOMIC ZONE AUTHORITY By Kim Jae Beom Director of Media & Culture Division I am delighted that the Incheon Free Economic Zone Authority (IFEZA) has been given the Industry Award for Investment Attraction from The Korea Herald this year. The award is significant for recognizing IFEZA’s efforts, which started as Korea’s first free economic zone in October 2003 and marked its 17th anniversary this year, to strengthen national
Oct. 29, 2020
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[Advertising Awards] GS Caltex gives energy to public amid COVID-19 outbreak
PRINCIPAL AWARDS/ GOLD PRIZE GS CALTEX By Lee Sang-hun Vice president of Public Relations First, I feel grateful to receive the gold prize for this year’s The Korea Herald Advertising Awards and there is no doubt that this would become a great energy for GS Caltex to carry out its communication activities in the future. In 2009, GS Caltex set its corporate brand image as “Energy for sustainable life” and developed “I am your Energy” as a brand slogan to
Oct. 29, 2020
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[Advertising Awards] SK Innovation pursues green strategy for sustainable growth
CREATIVE AWARDS/ GRAND PRIZE SK INNOVATION By Lim Su-kil Head of PR Office SK Innovation is pursuing its “Green Balance 2030” initiative with full force to seek growth through an eco-friendly business management strategy. SK Innovation sends gratitude to all who supported our corporate public relations campaign “Hi !nnovation -- Save Ink.” SK Innovation, which aims to go beyond its energy and petrochemical businesses and open up the future of sustainability, has
Oct. 29, 2020
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Samsung's Q3 revenue surges to W67tr
Samsung Electronics posted a record-breaking quarterly revenue in the July-September period, buoyed by the strong performance of its device solutions and consumer electronics businesses, according to a regulatory filing Thursday. The South Korean information technology giant enjoyed a quarterly revenue of 66.9 trillion won ($59 billion), up 8 percent on-year and breaking the previous record of 65.9 trillion won set in 2017. The company’s operating profit spiked 58.8 percent to 12.3 trill
Oct. 29, 2020
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Nexon offers therapy to help employees overcome coronavirus blues
Nexon said Thursday that it is offering a therapy program to care for the mental health of employees who are experiencing emotional swings as the pandemic drags on. According to the South Korean game company, its psychotherapy program, “Reading My Mind,” which has been running since 2017, provides employees with therapy sessions where they can talk about stress they are experiencing around work, personal relationships and family. “Since March, Nexon expanded its therapy p
Oct. 29, 2020
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Samsung Biologics’ San Francisco lab first step to wider overseas expansion
Samsung Biologics announced the opening of its first overseas contract development operation site in the San Francisco Bay Area, Thursday. “We plan to continue our expansion into Boston, Europe and China. In 2020 and beyond, our next decade will be marked by global expansion. We want to be your next-door CDMO partner wherever you are located for faster and better development support,” said Kim Tae-han, CEO of Samsung Biologics, at the online press event designed to introduce the new
Oct. 29, 2020
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Daelim Industrial's Q3 net up 28.5% on one-off gains
Daelim Industrial Co., a major South Korean builder, said Thursday its net profit rose 28.5 percent in the third quarter from a year earlier due to one-off gains. Net profit for the July-September period came to 229.1 billion won ($202.4 million), compared with 178.3 billion won a year earlier, the company said in a regulatory filing. Daelim Industrial said the reversal of the allowance for bad debts boosted its bottom line. Daelim Industrial said sales rose 2.7 percent on-year to 2.22 trilli
Oct. 29, 2020
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Samsung's Galaxy S20 Plus best-selling 5G smartphone in H1: report
Samsung Electronics Co.'s Galaxy S20 Plus was the world's best-selling 5G smartphone model by revenue in the first half of the year, a report showed Thursday, although its dominance is likely to end in the second half with the release of Apple Inc.'s iPhone 12. The Galaxy S20 Plus, which was launched in February, took a revenue share of 9 percent in the global 5G smartphone market in the first half of the year, according to market researcher Strategy Analytics. The revenue of the global 5G s
Oct. 29, 2020
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Nexon Foundation donates W10b to establish palliative care center for children
Nexon said Thursday its foundation will donate 10 billion won ($8.8 million) to Seoul National University Hospital to build an independent palliative care center dedicated to children. The South Korean game company will raise the funds together with its holding company NXC and its subsidiary Neople, and use the money for buying land, construction and operation of the hospice. Set for completion in 2022, the care center will be located in Jongro-gu, Seoul and provide palliative care service
Oct. 29, 2020