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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Netflix's latest runaway hit is a Korean reality cooking show
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Security issues to take center stage at ASEAN summit
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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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SK chairman says agile responses needed in times of geopolitical strife
SK Group Chairman Chey Tae-won urged top executives of the group's affiliates to respond with agility to survive in a fast-changing market environment and deepening geopolitical crisis, according to the group on Thursday. In the closing ceremony of the group's annual CEO seminar held in Paris on Wednesday (local time), Chey spoke about his awareness to executives of the group’s key affiliates and announced he would start implementing measures to counter risk factors in the macro
Oct. 19, 2023
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Hanmi Global to host forum on data center construction
South Korean construction management firm Hanmi Global said Thursday the company will hold the 2023 Datacenter Innovation Forum at Coex, southern Seoul, on Nov. 6. Via presentations from global companies such as program management service provider Turner & Townsend, British design engineering company Bryden Wood and architectural design company Arup, the forum will review the latest global trends in the efficient construction of data centers. "Following the emergence of digitalization a
Oct. 19, 2023
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LG Energy Solution's new residential ESS to hit US market
LG Energy Solution said Thursday it is set to launch a new residential energy storage system device lineup called LG enblock S in the United States next month. Installed with nickel, manganese and cobalt batteries, the LG enblock S is a device with high energy density that can provide a wide range of power sources for households. “With LG enblock S products, households can save energy and lower electric bills. They can also be used as a backup power source when the electricity is shut do
Oct. 19, 2023
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Cha Medical to hold global forum on next-generation medicines
Cha Medical and Bio Group said Wednesday that the group will hold the Global Forum on Future Medicine 2023 at Cha Bio Complex in Seongnam, Gyeonggi Province, on Oct. 27. The forum will invite experts in stem cell research, regenerative medicine and cell and gene therapies, as well as officials from the government's regulatory agency. “The forum will provide opportunities for us to share the latest trends and new findings in the stem cell and GCT research areas,” said Yoon Ho-sup
Oct. 19, 2023
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LIG Nex1 seals global defense ties at Seoul ADEX 2023
South Korean missile defense systems provider LIG Nex1 said Wednesday it had inked a series of collaborative ties with several global defense and aerospace leaders at the Seoul International Aerospace and Defense Exhibition, or Seoul ADEX 2023. The agreements are intended to bolster the company's international presence and spur innovation in missile technology, avionics and space exploration. During the Seoul ADEX held from Tuesday to Sunday, LIG Nex1 is showcasing a slew of innovations. No
Oct. 18, 2023
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Posco International completes EV parts plant in Mexico
Posco International said Wednesday it completed a production facility for traction motor cores, or parts responsible for converting electric energy into kinetic energy in electric vehicles, in Mexico, in a bid to accelerate its foray into the North American market. Posco International said it held a ceremony in Ramos Arizpe, Mexico, to commemorate the completion of Posco International Mexico E-Mobility, or PI-MEM. According to Posco International, the completed facility stands on 63,925 square m
Oct. 18, 2023
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Samsung Biologics expansion ahead of schedule
In a wide open space just a few minutes away from Samsung Biologics’ first Bio Campus in Songdo, Incheon, the company’s Plant 5 is under construction. Prefabricated concrete-based frames implemented in a neatly controlled construction environment provide a glimpse into the company's new facility, which would further consolidate the firm’s leadership as the world’s largest contract development and manufacturing organization, or CDMO. On Tuesday, Samsung Biologics, the
Oct. 18, 2023
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[Herald Interview] New Royal Salute whisky debuts in Korea to tap growing premium market
Pernod Ricard’s Royal Salute 21-Year-Old Richard Quinn Edition 2 has recently made its world debut in South Korea, where young drinkers are increasingly turning their eyes to high-end whiskeys. The second collaboration with UK fashion designer Richard Quinn "features a deeper and more flavorful blend, and the design is bolder and more colorful," said Pernod Ricard Korea CEO Frantz Hotton in a recent interview with The Korea Herald. “The reason why Korea was selected as the
Oct. 18, 2023
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SK gears up for largest-ever tech conference on AI
SK Group has opened registrations for its annual tech conference, the SK Tech Summit 2023, which will be held on its largest scale ever, the telecom carrier SK Telecom said on Wednesday. Under the theme of “AI Everywhere for a Better Future,” the SK Tech Summit 2023 is scheduled to take place from Nov. 16 to 17 at Coex in southern Seoul. A total of 17 subsidiaries under the conglomerate, including SK Telecom, will prepare sessions, exhibitions and additional activities featuring
Oct. 18, 2023
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Industry minister asks refiners to use fair pricing policy amid Israel-Hamas war
South Korea's industry minister on Wednesday requested local oil refiners use a fair and transparent pricing policy amid the growing volatility of crude prices as the Israel-Hamas war intensifies. "We ask (local oil refiners) to use a transparent and fair oil pricing policy so that the recent rise in oil prices does not unilaterally burden the people," Industry Minister Bang Moon-kyu said during a meeting with business officials. Bang emphasized that stabilizing oil prices is th
Oct. 18, 2023
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SK Chemicals partners with Estee Lauder for eco-friendly cosmetics containers
SK Chemicals said Tuesday it has partnered with global cosmetics giant The Estee Lauder Companies, in a bid to provide eco-friendly plastic solutions and accelerate its efforts to popularize cosmetics containers that incorporate recycled materials. SK Chemicals said it signed a letter of intent with Estee Lauder to provide Ecotria CR and Skypet CR to the cosmetics firm. Both materials feature advanced recycling technology that allows the chemical decomposition of plastic into monomers. SK Chemic
Oct. 17, 2023
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[KH Explains] Shipbuilders scramble to secure labor force amid booming industry
South Korea’s leading shipbuilders have been scoring massive order after order all this year, welcoming the revival of the shipbuilding industry. Despite the upbeat numbers on paper, they are facing the daunting task of securing a skilled workforce capable of carrying out difficult tasks in the long term. Clarksons Research, a global shipping and shipbuilding analysis firm based in the United Kingdom, measured the Newbuilding Price Index (NPI) at 173 points as of August. The NPI indicates
Oct. 17, 2023
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One Store attracts W20b from Krafton
South Korea’s mobile app store operator One Store said Tuesday that it has secured an investment worth 20 billion won ($14.7 million) from Krafton, one of the country’s major game developers. Krafton said it made the investment decision to broaden its understanding of the global game market through One Store's overseas expansion. They did not disclose the size of the stake that Krafton had taken. One Store was jointly developed by Korean telecommunication giants SK Telecom a
Oct. 17, 2023
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MBK chairman makes donation to promote Korean art at New York's Met
Seoul-based private equity firm MBK Partners Founder and Chairman Michael Byung-ju Kim has offered a donation to the Metropolitan Museum of Art in New York to promote Korean art in the museum, the firm said Tuesday. The donation is part of the Korean Art Initiatives project, which was devised to honor the 25th anniversary of the Arts of Korea gallery at the museum, along with the Korea Foundation and the Samsung Foundation of Culture. Scholarships and educational programs will help to bolster th
Oct. 17, 2023
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Hyundai Rotem to showcase new ground weapons systems at Seoul expo
Hyundai Rotem, a defense solutions and railway vehicles maker affiliated with Hyundai Motor Group, said Tuesday it is showcasing its next-generation defense technologies during the Seoul International Aerospace & Defense Exhibition 2023, which is taking place at Seoul Airport in Seongnam this week. The biennial event is the defense industry's biggest gathering in Korea. This year, a record 550 exhibitors from 35 nations are joining the event. Under the theme of “Shielding Peace wi
Oct. 17, 2023
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[Photo News] Diplomats frying chicken
Jose Augusto Saraiva Pinto (center), deputy chief of mission from the Czech Republic, prepares a BBQ Golden Olive chicken at the Global Chicken Camp hosted by Korean chicken giant Genesis BBQ in Icheon, Gyeonggi Province, Friday. Genesis BBQ said Tuesday the company's Chairman Yoon Hong-geun invited officials from embassies of Belarus, Czech Republic, Iraq and Bangladesh to present BBQ's global strategies and offer a tour of its educational center, known as Chicken University. The even
Oct. 17, 2023
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SC Bank Korea CEO nominated for fourth term
Park Jong-bok, the CEO of Standard Chartered Bank Korea, has been nominated as the sole final candidate for the bank's top position again, according to the lender on Monday. The bank's executive candidate recommendation committee selected Park as the final candidate for the next CEO during a meeting held last Friday. If appointed, he will be serving his fourth term, which will last for a year starting Jan. 8, 2024, as the CEO of SC Bank Korea. "Since assuming the top position in 2
Oct. 17, 2023
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[Graphic News] Smartphone shipments in S. Korean market fell 13.2% in Q2
Smartphone shipments within the domestic market declined over 13 percent on-year in the second quarter, recent data showed, as demand remained sluggish due to the economic downturn with high interest rates and inflation. The total number of smartphones shipped came to approximately 2.8 million units for the April-June period, down 13.2 percent from a year ago, as “demand for smartphones continued to slow down amid economic uncertainties,” the Korea branch of International Data Corpor
Oct. 17, 2023
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HiteJinro to produce soju in Vietnam
South Korean liquor giant HiteJinro said Monday it is building the company's first overseas manufacturing plant in Vietnam, riding high on the growing popularity of the nation's distilled spirit abroad. According to HiteJinro Singapore, the company confirmed a sublease agreement with the Green I-Park Industrial Complex in Vietnam's Thai Binh province to establish HiteJinro’s new soju manufacturing plant at the site. HiteJinro Singapore is HiteJinro’s affiliate newly es
Oct. 16, 2023
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Celltrion partners with US pharmacy chain for Yuflyma sales
Celltrion Healthcare, Celltrion's distribution unit, said Monday it has signed a deal with US specialty pharmacy chain CarePartners Pharmacy to sell its Humira biosimilar Yuflyma in the US market. CarePartners Pharmacy is a national pharmacy that distributes medications across all 50 states and Washington DC, focusing on several niche programs, including autoimmune therapies. Under the contract, Yuflyma will be distributed to drug stores operated by CarePartners Pharmacy nationwide, startin
Oct. 16, 2023