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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HD Korea Shipbuilding to build world's first ammonia-powered vessel by 2026
HD Korea Shipbuilding & Offshore Engineering, the shipbuilding unit under HD Hyundai, announced Monday that it is set to construct two of the world’s first ammonia-powered medium-sized vessels, with targeted delivery by 2026. The company said it has decided to adopt a dual-fuel engine using both ammonia and liquefied petroleum gas for two ship orders made by Belgian shipping firm Exmas in March. The ships, slated for construction at the Hyundai Mipo Shipyard in Ulsan, measure 45,000 cu
Oct. 16, 2023
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SK to hold CEO meeting in Paris
SK Group will hold its annual CEO meeting – one of the biggest gatherings of its top executives – in Paris this week to discuss its management strategies amid the backdrop of rising global uncertainties, according to industry sources on Monday. About 30 CEOs, together with Chairman Chey Tae-won, Executive Vice Chairman Chey Jae-won and SK Discovery Vice Chairman Chey Chang-won, will participate in this year’s three-day seminar starting later Monday. It marks the first time in 1
Oct. 16, 2023
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Posco Future M achieves 100% recycling of refractory waste
South Korean chemical and battery materials manufacturer Posco Future M has achieved 100 percent recycling of refractory waste, gaining a foothold in green transformation, the company said Monday. Usually, in the shape of bricks, refractories are solid materials that can withstand high temperatures, preventing the heat of metal from damaging the steelmaking furnaces. Posco Future M used to bury refractory waste in landfills, as recycling was only limited to refractories made of renewable sources
Oct. 16, 2023
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Doosan Robotics to supply chicken-frying robots to Kyochon
Doosan Robotics, South Korea’s largest collaborative robot manufacturer under the conglomerate Doosan Group, said Monday it will supply chicken-frying collaborative robots to fried chicken franchise Kyochon F&B. Under the deal, Doosan will install its first collaborative robot at Kyochon F&B headquarters in Osan, Gyeonggi Province within this month, with plans to do so at other Kyochon franchise stores nationwide. Doosan Robotics co-CEOs Park In-won and Ryu Jung-hoon, Kyochon F&
Oct. 16, 2023
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FSC lays out plan to boost pet insurance enrollment
The Financial Services Commission, Korea's top financial regulator, unveiled plans on Monday to increase the pet insurance enrollment rate, currently at approximately just 1 percent in a country with some 8 million pets. "The pet insurance enrollment rate in the US is approximately 2 percent, while in Japan, it exceeds 12 percent. Our goal is to position ourselves between these two countries,” Shin Sang-hoon, head of the insurance department at the FSC, emphasized during a press
Oct. 16, 2023
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[Photo News] LG promoting world food day
LG Electronics said Monday it is displaying a promotional video, spreading the message of water conservation and fighting hunger, at New York's Times Square and London's Piccadilly Circus in celebration of this year's World Food Day on Oct. 16. The video, produced by the Food and Agriculture Organization of the United Nations, will be screened for 13 days until Sunday on LG screens at the two landmarks. (LG Electronics)
Oct. 16, 2023
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SK Ecoplant recycles over 6,000 tons of batteries
SK Ecoplant announced Monday that its Singaporean unit TES-AMM has processed and recycled over a cumulative 6,000 metric tons of discarded batteries. Electronic waste recycling company TES has been processing and recycling lithium batteries retrieved from mobile devices including smartphones, tablets, and laptops. Considering that the batteries in such devices weigh about 50 grams, the total processed amount is equivalent to some 120 million units of devices, the company estimated. Rare metals s
Oct. 16, 2023
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[Photo News] Up to date
South Korean conglomerate Hanwha Group said Monday that it has crafted next year's braille calendars for the blind and visually impaired, continuing the company's social contribution activity for a 24th consecutive year. According to Hanwha, the group made 40,000 calendars this year, with employees participating in the process last week. With this year's edition, the accumulated number of braille calendars made by Hanwha since 2000 stands at 920,000. (Hanwha Group)
Oct. 16, 2023
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FTA with UAE could boost Korean automakers
South Korea signed a bilateral free trade deal with the United Arab Emirates Saturday, hoping to provide a tailwind for Korean automakers' outbound shipments and to help securing stable source for crude oil. The two countries concluded talks towards a Comprehensive Economic Partnership Agreement, a kind of FTA that covers trade in services and investment and regulatory aspects, as well as goods. Under the deal, Korea will remove tariffs on 92.8 percent of all items traded, and the UAE will
Oct. 15, 2023
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Over 90% of fines for illegal short selling imposed on foreign firms
More than 90 percent of all fines for illegal short selling of stocks have been issued to foreign financial firms, government data showed, amid calls from Korean retail investors for stricter regulation. According to Financial Services Commission data submitted to Rep. Yun Ju-kyung of the ruling People Power Party, the regulator dealt with 45 cases of illegal short selling in the first eight months of the year, with total fines exceeding 10.7 billion won ($7.9 million). Of the 45 cases, 23 invol
Oct. 15, 2023
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Seoul defense exhibition aims to boost arms exports
The Seoul International Aerospace and Defense Exhibition, known as Seoul ADEX, kicks off Tuesday with the public debut of Korea's indigenously developed KF-21 Boramae fighter jet, as the country looks to score record-breaking exports for the defense industry this year. The biannual event, which takes place at at the Seoul Airport in Seongnam, Gyeonggi Province, is expected to draw 550 participating companies -- the largest number since it was first held in 1996 -- from 34 countries, according to
Oct. 15, 2023
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HMM sale to face hurdles amid slowdown in shipping industry
The sale of South Korea's No. 1 container shipper HMM, which is anticipated to be one of Korea's largest mergers and acquisitions for the second half of 2023, could hit a snag amid a slowdown in the shipping industry, according to industry sources on Sunday. In November, state-owned Korea Development Bank, the largest shareholder of HMM, is reportedly scheduled to select its preferred bidder for the acquisition. Earlier this month, acquisition candidates for HMM were narrowed down to a
Oct. 15, 2023
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SK chief discusses ICT partnerships with Estonia, Carribean Community
SK Group Chairman Chey Tae-won discussed economic cooperation with high-ranking government officials from Estonia and the Caribbean Community (CARICOM) during their official visits to South Korea earlier last week, according to the Korean conglomerate on Sunday. On Friday, Chey hosted a luncheon meeting with Estonian President Alar Karis, and other high-ranking officials at the SK building in Seorin-dong, Jongno-gu in Seoul, where they agreed upon various collaboration opportunities between the
Oct. 15, 2023
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LG Innotek wins patents for EV charging technology
LG Innotek, an electronic component manufacturer under LG Group, said Sunday that it had earned three international patents in the field of electric vehicle charging. “To leap forward as a No. 1 global company, it is essential to systematically manage and secure international patents and intellectual property rights for core technology,” said Kim Jin-hyun, head of the intellectual property division of the company. “Through our continuous R&D efforts in the field of IP, we w
Oct. 15, 2023
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S Korea, UAE agree to increase bilateral flight ceiling to 21 per week
South Korea and the United Arab Emirates have agreed to increase the maximum number of commercial flights connecting the two countries to 21 per week, according to the transportation ministry Saturday. The agreement to raise the current ceiling of 15 flights per week was reached during aviation talks held in Seoul on Thursday and Friday. The UAE has reportedly demanded that South Korea expand the number of allowed bilateral flights, as much as threefold or fourfold, from the current ceiling. The
Oct. 14, 2023
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LS Cable inks partnership for Vietnam submarine cable market
South Korea’s top wire and cable maker, LS Cable & System Asia, has secured a partnership with a Vietnamese state-run company as part of its bid to foray into the underwater cable market in Southeast Asia. LS Cable & System Asia announced Thursday that it has signed a memorandum of understanding for a submarine cable business partnership with PetroVietnam Technical Services Corporation, a subsidiary of Vietnam-owned oil and gas group, PetroVietnam. PTSC provides the technical servi
Oct. 13, 2023
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S. Korea may decide to increase medical student quota as early as next week
The South Korean government may announce its plan to increase the medical school enrollment quota as early as next week, according to local reports Friday. The government is reportedly reviewing a plan to increase the medical school enrollment quota by 500, from the current quota of 3,058, which has remained unchanged since 2006. If expanded, the new quota will be applied starting in 2025. Minister of Health and Welfare Cho Kyu-hong also said, “We are preparing to reflect it in the 2025 co
Oct. 13, 2023
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BOK wins lawsuit on face of Korea's 100 won coin
The face of Korea’s 100 won coin -- which shows a portrait of legendary Navy Adm. Yi Sun-sin (1545-1598) from the Joseon era -- will be maintained, after a court sided with the Bank of Korea in a copyright lawsuit. The Seoul Central District Court confirmed a ruling Friday that the Bank of Korea has the right to use the portrait image of Yi, which was created by the late painter Jang Wu-seong, the BOK said. Jang’s bereaved family filed a lawsuit on Oct. 9 against the Bank of Korea,
Oct. 13, 2023
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Samsung owns largest No. of Israeli subsidiaries among S. Korean conglomerates: report
Leading South Korean conglomerates with affiliates in Israel, including Samsung Electronics, are keeping a close watch on the heightened conflict in the Middle East, a report by corporate tracker Korea CXO Institute showed Thursday. Among the nation’s 82 companies with more than 5 trillion won ($3.7 billion) in assets, four conglomerates, including Samsung, SK, LG and OCI, operate subsidiaries in Israel, owning at least a 50 percent stake in the affiliates. Samsung has the largest number o
Oct. 13, 2023
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[Photo News] Apple launches new iPhone models in S. Korea
People line up outside an Apple Store in Myeong-dong, central Seoul, on early Friday morning to be among the first to buy the new iPhone 15 in South Korea. On Friday, Apple launched four different models of the iPhone -- the iPhone 15, Plus, Pro and Pro Max -- along with the Apple Watch Series 9 and Apple Watch Ultra 2. According to the country’s three major telecommunications firms, 3 of 4 people who preordered the new iPhone were young adults in their 20s and 30s. (Yonhap)
Oct. 13, 2023