Most Popular
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Korea added to key bond index
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South Korean author Han Kang wins 2024 Nobel Prize in literature
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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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[Breaking] South Korea's Han Kang wins 2024 Nobel literature prize
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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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North Korea already cut off inter-Korean roads in Aug.: JCS chief
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[Herald Interview] Byun Yo-han embraced voice of powerless in ‘Snow White Must Die – Black Out’
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Zuckerberg to discuss developing mixed reality headset with LG chief
Mark Zuckerberg, CEO of Meta, formerly Facebook, is expected to meet with LG Electronics CEO Cho Joo-wan to discuss joint development of an advanced mixed reality headset, according to industry sources on Monday. LG Electronics said it is currently arranging a meeting of the two leaders, as Zuckerberg is planned to visit Seoul this week. "We are currently arranging the meeting, but nothing has been decided yet," an LG official said. While details of his trip is unknown, the most likely
Feb. 26, 2024
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Posco International to expand motor core plants in Mexico, Poland
Posco International's new president, Lee Kye-in, has initiated the global expansion of the traction motor core business by establishing operations in Poland and Mexico as his inaugural strategic move. At a board meeting on Friday, the trading arm of the Posco Group authorized the establishment of a new facility in Poland and its second plant in Mexico, a big step toward its output goal of 7 million traction motor cores a year by 2030. Motor cores are a central component in electric motors a
Feb. 26, 2024
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[Photo News] Urban air mobility
Visitors try out KT's Urban Air Mobility service at MWC 2024, which kicked off in Barcelona, Spain, Monday. At this year's connectivity tech show, the mobile carrier showed off its air mobility technologies and services, including Urban Air Traffic Management system, and 5G service Skypath. (KT)
Feb. 26, 2024
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Hyundai, Kia's overseas car production tops 3.68m units in 2023: data
The combined overseas production of Hyundai Motor Co. and Kia Corp. surpassed 3.68 million units in 2023, setting the biggest offshore output since the outbreak of the COVID-19 pandemic, data showed Monday. According to data from the Korea Automobile Manufacturers Association, Hyundai Motor and Kia, South Korea's leading automakers, produced 3,678,831 finished vehicles at 13 overseas production bases last year. Hyundai produced 2,243,069 vehicles in eight countries -- the United States, Ind
Feb. 26, 2024
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[From the Scene] Posco Future M automates as it eyes cathode crown
GWANGYANG, South Jeolla Province -- Safety goggles, helmets and dust masks were waiting on the desks in the auditorium at Posco Future M’s secondary battery materials complex in Gwangyang, South Jeolla Province, Thursday. After a brief introduction of the world’s largest cathode plant, a group of reporters equipped with safety gear headed to the Gwangyang Cathode Plant2. Asked to wear disposable overshoes, the visitors were greeted with an air shower before they could enter the catho
Feb. 25, 2024
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KB kicks off new Cambodian unit following merger
KB Kookmin Bank, one of Korea’s top five commercial lenders here, launched its new Cambodian unit, KB Prasac Bank, to tap deeper into the market by offering loan programs for small merchants and digital banking services. KB Prasac Bank, Cambodia's fourth-largest commercial lender in terms of assets, held an opening ceremony in Phnom Penh on Friday (local time), according to the Korean firm. More than 700 individuals attended the event, including KB Financial Group Chairman Yang Jong-h
Feb. 25, 2024
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SK bioscience's typhoid conjugate vaccine wins WHO prequalification certification
SK bioscience, a pharmaceutical affiliate under South Korea's SK Group, said Friday its typhoid conjugate vaccine has obtained prequalification certification from the World Health Organization. The vaccine, named SKYTyphoid, was jointly developed by the South Korean company and the International Vaccine Institute, with financial support from the Bill & Melinda Gates Foundation, according to SK bioscience. SKYTyphoid is SK bioscience's fourth vaccine product to receive PQ certificat
Feb. 23, 2024
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Firms seek to tackle low birth rate with hefty incentives
South Korean conglomerates are expanding birth incentive programs to help boost the country’s record-low fertility rate amid mixed expectations about their effectiveness. Underwear maker Ssangbangwool announced Thursday that the company will provide up to 100 million won ($75,000) to employees who are expecting babies. Under the company's birth incentive scheme, an employee can receive 30 million won for the first child, another 30 million won for the second and 40 million won for the
Feb. 23, 2024
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Posco aims to expedite carbon-neutral transition
South Korean steel giant Posco has recently reaffirmed its commitment to achieving carbon neutrality by 2050 by adopting its own hydrogen reduction ironmaking technology, called HyREX. This strategic shift to low-carbon production is a testament to the company's ambitious pursuit of solidifying its leadership in the realm of sustainable steel manufacturing. To spearhead this transformation, the company set up a new team solely dedicated to carbon neutrality under the oversight of its CEO in
Feb. 23, 2024
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Tech rivals eye big VR bets despite mixed reviews of Apple’s Vision Pro
Less than a month has passed since the high-profile debut of Apple Vision Pro, the most advanced augmented reality headset in the market. Despite mixed reviews, Apple's rivals seem keen to make a similar entry into the brand-new segment. Dazzling demonstrations of the Apple Vision Pro made it look like a game changer, allowing the user to pop up their computer screens in the air, and control it with their fingertips and by moving their eyes around. But some users have been seen returning th
Feb. 23, 2024
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Sprinkles Cupcakes coming to Seoul
Sprinkles Cupcakes, the famed cupcake specialist from California, is poised for a debut in the Korean market this year – its first venture beyond US borders, according to the company on Friday. Sprinkles said it will introduce its trendy cupcakes, cookies and chocolate treats globally this year, with imminent expansions planned for Singapore and Malaysia as well. For the upcoming Seoul store, the firm is expected to team up with Korean bakery giant SPC Samlip. For other international openi
Feb. 23, 2024
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KT&G names company veteran as new CEO
KT&G Senior Executive Vice President Bang Kyung-man has been selected as the candidate for CEO of Korea's largest cigarette manufacturer, the company said Thursday. Bang's official appointment is scheduled to be made at the end of March during the regular shareholders' meeting. If Bang is appointed, it will mark the first change in KT&G's presidency in nine years. Earlier on Feb. 16, the company's CEO Recommendation Committee unveiled the shortlist of four candid
Feb. 23, 2024
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Kolmar Korea finds anti-aging microorganism
Kolmar Korea, a cosmetics original design manufacturer, said Thursday it has found a microbiome that can slow down skin aging induced by sun exposure for the first time, which could be a breakthrough innovation in the anti-aging skincare industry. Photoaging refers to the characteristic changes to the skin caused by cumulative sun damage over a lifetime of exposure. Recent research has found that the skin microbiome could serve as a potential tool to prevent and treat skin photoaging. Kolmar Kor
Feb. 22, 2024
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Samsung, LG maintain TV leadership amid Chinese rush
Korean TV makers Samsung Electronics and LG Electronics cemented their leadership in the global premium TV market in 2023, but they have been warned to gear up for Chinese rivals flooding the market with cheaper products. In the premium sector for TVs priced at higher than $2,500, Korean manufacturers saw notable growth, together taking 79.6 percent of the market share by revenue, according to market tracker Omdia on Thursday. Holding an edge in manufacturing technology for the higher-end TVs, t
Feb. 22, 2024
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Posco Future M breaks ground on cathode plant in Gwangyang
GWANGYANG, South Jeolla Province -- Posco Future M on Thursday held a groundbreaking ceremony for a new high-nickel cathode plant in Gwangyang, South Jeolla Province, maintaining the company’s continued investment in battery materials for electric vehicles despite the slowdown in the global EV transformation. The new high-nickel cathode plant, which expects to have an annual production capacity of 52,500 tons, is slated to complete its construction in the first half of 2025. According to P
Feb. 22, 2024
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Posco’s new leadership taking shape
As former Posco President Chang In-hwa is poised to take on the Korean steel giant's chairmanship, how his leadership might impact on the group's innovation drive for eco-friendly, future material business remains in question. Posco Holdings convened its regular board meeting on Wednesday to announce the executives of major affiliates and to resolve the nomination of Posco Group's chair candidate. Chang will officially assume the chair position of the nation's fifth-largest b
Feb. 22, 2024
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Korea faces antibiotics shortage as drugmakers halt production
South Korea is confronting a deepening shortage of cephalosporins, a commonly prescribed class of antibiotics used to treat a range of bacterial infections, as pharmaceutical firms discontinue product lines due to unprofitability and growing raw materials costs. “As the number of local and overseas pharmaceutical companies have recently halted or downsized cephalosporins production here, it has become increasingly difficult to get them,” an industry source from one of the largest pha
Feb. 21, 2024
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Meta CEO to visit Seoul next week possibly on AI partnership
Mark Zuckerberg, CEO of Meta, formerly Facebook, is planning to visit Korea as early as next week, which would mark his first visit to the country in more than a decade, according to industry sources and the presidential office on Wednesday. Although details of his upcoming trip are unknown, sources predicted that the Meta founder could meet with Samsung Electronics Chair Lee Jae-yong, as he did during his first trip to Korea in June 2013. If the two tycoons meet, the agenda is likely to inclu
Feb. 21, 2024
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SK Ecoplant, SK hynix forge renewable energy alliance
Korean energy and environmental solutions provider SK Ecoplant formed a power purchase agreement with its sister firm SK hynix to facilitate the provision of renewable energy, thereby aiming to become the leading RE100 solutions provider, the firm announced Wednesday. The signing ceremony was attended by representatives from both companies, including Bae Seong-jun, vice president and head of SK Ecoplant's energy business center and Lee Byung-rae, vice president of SK hynix. "Utilizing
Feb. 21, 2024
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Samsung, UK's Arm team up to produce advanced AI chips
Samsung Foundry, Samsung Electronics' chip manufacturing arm, is teaming up with the UK's Arm to adopt the firm's design assets for Samsung's most advanced chip-making process technology, Gate-All-Around, which aims to boost the company's edge in the global AI chip sector. Samsung Foundry announced Wednesday that it will deliver the next generation Arm Cortex™-X CPU optimized on its cutting-edge Gaa process technology. The collaboration between the two companies is
Feb. 21, 2024